Hong Kong's SFC and HKMA issued a joint statement on August 14, warning investors of sharp market swings triggered by stablecoin-related announcements and speculative licensing discussions. The regulators stressed that early communications with financial authorities are only a part of a strict licensing process. SFC CEO Julia Leung advised caution against unsubstantiated claims, while HKMA CEO Eddie Yue noted only a limited number of stablecoin licenses would be granted initially, urging thorough research and vigilance.