CHINA TRAVEL HK (00308.HK)  -0.040 (-1.843%)    Short selling $1.96M; Ratio 0.689%   opened 2.4% higher this morning (9th) and once climbed to an intraday high of HKD2.07 with a surge of 24.6%. It last traded at HKD1.88, narrowing its gains to 13.3%, with a turnover of HKD2.2 billion. This stock has snowballed about 76% in nearly a month.

AVIC Securities has released a report on the social services industry, in which it commented on the Hong Kong government's "Policy Statement 2.0 on the Development of Digital Assets in Hong Kong" that has reaffirmed the government's commitment to positioning this city as a global innovation hub in the digital asset sector.

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The new policy declaration introduces the "LEAP" framework, focusing on optimizing legal and regulatory frameworks and expanding the variety of tokenized products.

As the Hong Kong government is advancing the policy statement in tandem, AVIC Securities said that it will encourage the implementation of stablecoins in cross-border payments and tokenization of real-world assets such as travel tickets, providing policy support for Chinese technology companies to explore offshore RMB stablecoin pilots.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)