Is Binance illegal in Hong Kong?

I'm a bit confused about the legal status of Binance in Hong Kong. I've heard different opinions from different sources, some saying it's legal while others claiming it's illegal. Could you please clarify this matter for me? I'm particularly interested in understanding if Binance operates within the legal framework of Hong Kong, and if not, what are the specific reasons and implications? Additionally, I'd like to know if there have been any recent developments or changes in the legal status of Binance in Hong Kong that I should be aware of. Thank you for your time and assistance.