Stablecoin Concept Stocks Surge in Hong Kong

On July 7th, stablecoin concept stocks surged in Hong Kong. Victory Securities rose by over 10%, Guotai Junan International by over 5%, ZA Online by 2%, and Stanchart by 1%. The surge was driven by the news that the Hong Kong Monetary Authority is consulting the market on implementing the Stablecoin Ordinance, set to be effective in August. The ordinance will cover anti-money laundering and other requirements, with only a few stablecoin licenses expected to be issued. Discussions on issuing stablecoins pegged to currencies outside Hong Kong are ongoing.

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07-07
国泰君安国际尾盘拉升涨超11%,香港《稳定币条例》8月生效
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07-07
香港政府目标年内发出稳定币牌照,多家企业“摩拳擦掌”
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07-07
HK Movers|Stablecoin Concept Stocks Kept Rally. Yeahka Up 14%; ZA Online, Guotai Junan And Lianlian Up 6%
HK Movers|Stablecoin Concept Stocks Kept Rally. Yeahka Up 14%; ZA Online, Guotai Junan And Lianlian Up 6%
07-07
Stock Track | ZA ONLINE Soars 5.04% as Hong Kong's Stablecoin Ordinance Nears Implementation
Stock Track | ZA ONLINE Soars 5.04% as Hong Kong's Stablecoin Ordinance Nears Implementation
07-07
Stock Track | Guotai Junan International Soars 5.85% as Hong Kong's Stablecoin Ordinance Nears Implementation
Stock Track | Guotai Junan International Soars 5.85% as Hong Kong's Stablecoin Ordinance Nears Implementation
07-07
港股稳定币概念股走强,胜利证券涨超10%
港股稳定币概念股走强,胜利证券涨超10%
07-07
部分稳定币概念股走强,胜利证券涨近6%,国泰君安国际、众安在线涨超5%
部分稳定币概念股走强,胜利证券涨近6%,国泰君安国际、众安在线涨超5%

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HK Movers|Stablecoin Concept Stocks Kept Rally. Yeahka Up 14%; ZA Online, Guotai Junan And Lianlian Up 6%