At the recent Hong Kong Consensus Conference, Esther Jiang, Conflux's Hong Kong regional head, noted a significant rise in teams focusing on prediction markets, with approximately 100 teams involved. These teams range from regulated brokers to Macau casinos. Additionally, there is a notable increase in Chinese teams developing stablecoins, extending beyond USD-pegged coins to include application-layer stablecoins. Jiang also commented on the interest of Western exchanges like Coinbase and Kraken in the Chinese-speaking market. She suggested that these exchanges might be attempting to capitalize on FUD (fear, uncertainty, and doubt) surrounding the region's 'universe exchanges.' However, she emphasized that the Chinese market's ample capital and active trading, along with unique advantages such as stock token offerings, provide a competitive edge in product and user experience.