China Prohibits State-Owned Enterprises in Hong Kong from Using Stablecoins and Cryptocurrencies
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 11 2025Chinese Government's Crypto Restrictions: The Chinese government has imposed new restrictions on state-owned firms in Hong Kong, prohibiting them from engaging in stablecoin and cryptocurrency businesses, and urging a focus on the "real economy."
Impact on Hong Kong's Crypto Aspirations: These restrictions may hinder Hong Kong's ambitions to become a global crypto hub, as the absence of major Chinese state-backed entities could slow institutional adoption in the region.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
