First Financial's multiple interviews reveal that mainland enterprises' RWA business in Hong Kong has cooled across the board. Several consulting agencies disclosed that in the past two months, business inquiries from the mainland have plummeted by over 90%, and most of the projects they have engaged with have been asked to postpone progress. The stock prices of listed companies involved in the RWA concept have also fallen back accordingly, with concept stocks such as Langxin Group (300682. Sz) and GCL New Energy (002015. SZ) halving from their peak points.