Hong Kong stocks related to stablecoin experienced a big pump, as Hong Kong clarifies the implementation of stablecoin regulations in August 2025.

Layer2Geek · 2025-06-09T06:26:53+00:00

Hong Kong stock stablecoin concept stocks opened generally rising, Huaxing Capital Holdings rose over 16%, Lianyi Technology rose over 9%. The Hong Kong government announced that the "Stablecoin Ordinance" will come into effect on August 1, 2025, which will combine stablecoins with fiat currency to support electronic asset payments.

Layer2Geek

2025-06-09 06:26:53

Abstract generation in progress

According to news, the Hong Kong stock market’s stablecoin concept stocks collectively pumped at the beginning of the trading session, with Huaxing Capital Holdings rising over 16%, Lianyi Technology rising over 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.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes