Hong Kong stock stablecoin concept stocks collectively pump, Huaxing Capital Holdings once rose over 16%.

GateUser-6433627c · 2025-06-09T03:41:26+00:00

On June 9, Hong Kong's stablecoin concept stocks collectively rose, with Huaxing Capital rising more than 16% at one point. The Hong Kong government has announced that the "Stablecoin Regulations" will be implemented on August 1, 2025. The Financial Secretary stated that stablecoins will be based on fiat currency and can be used for payments in the future through technologies such as Blockchain.

GateUser-6433627c

2025-06-09 03:41:26

Abstract generation in progress

On June 9, Hong Kong stock stablecoin concept stocks collectively rose at the beginning of the session, with Huaxing Capital Holdings once rising more than 16%, Lianyirong Technology rising more than 9%, Lianlian Digital rising nearly 5%, and China Everbright Holdings rising nearly 4%. On 6 June, the HKSAR Government gazetted the Stablecoin Ordinance ( Commencement Date ) Notice, specifying 1 August 2025 as the effective date of the ( ) Cap. 656 of the Stablecoin Ordinance. On June 7, Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, said in a radio program that the underlying of stablecoins is legal tender, which can be used as payment functions in the form of electronic assets through blockchain and other technologies in the future.

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