Oct 18 (Reuters) - Chinese tech giants including

Alibaba-backed Ant Group and e-commerce group JD.com ( JD )

have paused plans to issue stablecoins in Hong Kong

after the government raised concerns about the rise of

currencies controlled by the private sector, the Financial Times

reported on Saturday.

Companies have put their stablecoin ambitions on hold after

receiving instructions from Chinese regulators, including the

People's Bank of China (PBoC) and Cyberspace Administration of

China (CAC), not to move ahead, FT reported, citing people

familiar with the matter.

Reuters could not immediately verify the report.