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Hong Kong stocks of stablecoin concept stocks strengthened, and Huajian Medical rose by more than 30%
Odaily News Hong Kong stocks with stablecoin concepts collectively strengthened, among which Huajian Medical surged by more than 30%, Lianyirong Technology rose by more than 8%, Shengli Securities rose by 7.1%, OSL Group rose by 1.43%, Yaochi Securities rose by 5.60%, and Alibaba followed suit.
In terms of news, US President Trump recently officially signed the Guidance and Establishment of a National Innovation Act for Stablecoins in the United States (GENIUS Act) at the White House, marking the implementation of US stablecoin regulatory legislation. In addition, on May 30, the Hong Kong Stablecoin Ordinance was published in the Gazette and officially became a law and will take effect on August 1. From the perspective of the ecological chain, the stablecoin ecosystem can be specifically divided into three levels: primary market issuance, secondary market circulation, and application scenarios. In terms of individual stocks, Huajian Medical has initiated an application for a US stablecoin license and actively promoted the Web3 exchange ecosystem; Yunfeng Financial recently announced on the Hong Kong Stock Exchange that it will strategically deploy Web 3, real world assets (RWA), digital currency, ESG zero-carbon assets, and artificial intelligence. (Sina Finance)
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