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Ant Financial concept stocks big pump, rumored to apply for new stablecoin license in Hong Kong.
On June 12, the Hong Kong stock market saw a significant pump in Ant Financial concept stocks, with Yunfeng Financial (00376.HK) soaring 98% at one point, currently rising 53%. Lion King Holdings (02562.HK) increased nearly 15%, and Yaocai Securities (01428.HK) rose over 12.5%.
According to previous news, it was reported that Ant Group will apply for stablecoin licenses in Hong Kong and Singapore. Ant responded that it will submit the application as soon as the relevant channels in Hong Kong are opened.