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This time, a foreign friend in Hong Kong invited me for coffee to learn about the current situation in Hong Kong. I taught him a Chinese phrase:
- 雷声大,雨点小 (Big thunder, little rain)
This is my biggest impression from this trip to Hong Kong. Various stablecoin RWA meetings are in full swing, but in reality, they are all just "idle talk" with no actual business implementation. Existing businesses are also sluggish.
I felt instantly confused...