Caixin: Financial "test fields" such as Bitcoin and stablecoins will not be placed in Hainan

According to Caixin, Hainan Island has officially started its closed operation. Its geographical advantage lies in being backed by the domestic market, which is the second-largest economy in the world, and it surpasses Hong Kong in physical space and area. However, the Hainan Free Trade Port and Hong Kong are complementary; Hong Kong serves more as a global trade center, while Hainan acts as a node and hub for both domestic and international markets. Financially, there will also be functional discrepancies between the two, for example, financial "testing grounds" such as Bitcoin and stablecoins will be placed in Hong Kong rather than Hainan.