News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
CN Giants Gearing Up for Fierce Battle over HK Stablecoin Licenses: Report
The buzz around stablecoins continues to heat up in the capital markets, according to yicai.com. Hong Kong's Stablecoins Regulation will take effect on August 1, by that time t...
Reset
Send
The window will close in 5 seconds
CN Giants Gearing Up for Fierce Battle over HK Stablecoin Licenses: Report
Close
Recommend
134
Positive
223
Negative
111
 
SHORT SELL
 
STOCK INFO

The buzz around stablecoins continues to heat up in the capital markets, according to yicai.com. Hong Kong's Stablecoins Regulation will take effect on August 1, by that time the Hong Kong Monetary Authority will have begun accepting license applications.

As revealed by industry insiders, stablecoin licenses in Hong Kong are both scarce and highly sought after as only a handful are expected to be issued. Besides the already announced applicants such as JD.com, STANCHART (02888.HK)  +0.400 (+0.286%)    Short selling $30.34M; Ratio 25.759%   , and RD Technologies, there are more than 40 companies preparing to submit applications.

Related NewsCMBI Reduces Alibaba (BABA.US)'s TP to USD141.2; Greater Investment in Instant Retail Weighs Down ST Earnings
Law firms reported that dozens more have expressed interest and are currently in the consultation or document preparation stage. The competition is extremely intense since most applicants are China's largest financial institutions and internet companies, leaving only slim chances for smaller firms.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.