Group 1: Stablecoin Regulation in Hong Kong - The Hong Kong government has passed the "Stablecoin Ordinance," establishing a licensing system for stablecoin issuers, effective from August 1 [1] - The Hong Kong Monetary Authority will expedite the processing of license applications to allow qualified applicants to commence their operations [1] - This initiative is expected to promote the development of the stablecoin industry chain in Hong Kong, including issuance, trading platforms, payment services, and technology research and development [1] Group 2: IFBH Limited's Listing - IFBH Limited, the parent company of the coconut water brand if, has passed the listing hearing on the Hong Kong Stock Exchange [2] - The company is the second-largest coconut water beverage company globally, with projected revenues of $87 million and $158 million for 2023 and 2024, respectively [2] - The listing is anticipated to enhance its position in the global coconut water market and attract market attention towards its future growth [2] Group 3: Xin'ao Shares' Listing Plans - Xin'ao Shares has submitted a listing application to the Hong Kong Stock Exchange, planning to list by introduction without issuing new shares or raising funds [3] - The company aims to privatize Xin'ao Energy through its wholly-owned subsidiary, facilitating its listing on the main board of the Hong Kong Stock Exchange [3] - This move is part of Xin'ao's strategy to establish an "A+H" dual-platform capital structure, aligning with national policies to enhance industry consolidation [3] Group 4: Delai Construction's Financial Forecast - Delai Construction has announced an expected net loss of up to HKD 55 million for the fiscal year ending March 31, 2025, compared to a net profit of approximately HKD 8.3 million in previous years [4] - The shift in performance is attributed to losses from joint ventures, low overall gross margins on certain construction projects, rising interest rates, and increased financing costs [4] - The company faces challenges in the current market environment and needs to implement effective measures to improve cost control and project profitability [4] Group 5: Hong Kong Stock Market Performance - The Hang Seng Index closed at 24,060.99, with a gain of 0.70% on June 16 [5] - The Hang Seng Tech Index reached 5,299.91, increasing by 1.15% [5] - The National Enterprises Index stood at 8,729.99, reflecting a rise of 0.86% [5]