Meng Yan has analyzed the recent shifts in Hong Kong's blockchain regulatory landscape, noting the government's ongoing support for stablecoins and tokenized assets. However, he points out concerns over potential policy changes in mainland China that could affect local financial institutions' participation in real-world asset (RWA) projects. Meng suggests that Hong Kong serves as a testing ground for blockchain innovations, allowing for exploration while minimizing risks to the mainland. He underscores the strategic role of blockchain in the digital economy and urges industry players to act decisively amid regulatory uncertainties.