Group 1: Market Performance - Stablecoin-related stocks are showing strong performance, with $ZA ONLINE (06060.HK) rising over 9%, $LIANLIAN (02598.HK) up more than 8%, $LINKLOGIS-W (09959.HK) rising nearly 8%, and $YEAHKA (09923.HK) increasing by nearly 7% [1] - Specific stock performance details include: - $ZA ONLINE at 20.050, up 1.750 (+9.56%) with a trading volume of 15.48 million and a transaction value of 301 million - $LIANLIAN at 9.990, up 0.750 (+8.12%) with a trading volume of 2.80 million and a transaction value of 27.94 million - $LINKLOGIS-W at 2.040, up 0.150 (+7.94%) with a trading volume of 591.2 thousand and a transaction value of 11.88 million - $YEAHKA at 11.980, up 0.780 (+6.96%) with a trading volume of 746.98 thousand and a transaction value of 87.51 million [2] Group 2: Regulatory Developments - The "Stablecoin Regulation" has been passed by the Hong Kong Legislative Council and will take effect on August 1, establishing a licensing system for legal currency stablecoin issuers [2] - Paul Chan Mo-po announced that the Hong Kong Monetary Authority will expedite the processing of license applications for eligible applicants after the regulation comes into effect [2] - A second policy declaration on the development of digital assets is expected to be issued by Hong Kong, outlining future policy vision and direction [2] Group 3: Industry Initiatives - Lianlian Digital has formed a dedicated team to promote stablecoin-related projects and conduct use case research, holding 65 payment licenses globally [3] - ANT GROUP CO., LTD. plans to initiate qualification applications for stablecoin issuance in Hong Kong and Singapore under respective regulatory frameworks [3] - Kaiyuan Securities has expressed a bullish outlook on investment opportunities in stablecoins driven by policy, capital, and industry resonance [3]