Ge Long Hui·2025-09-01 03:49Group 1 - The core viewpoint of the article highlights that Bank of China Hong Kong (2388.HK) has seen a significant stock price increase, rising over 8% to reach a historical high of 38.2 HKD, with a market capitalization exceeding 400 billion HKD [1] - The bank plans to apply for a stablecoin issuer license, aiming to be among the first approved issuers, following the establishment of a joint venture led by Standard Chartered Hong Kong that has expressed interest in applying for a license [1] - The deadline for the first batch of applications for stablecoin licenses is set for the end of September [1] Group 2 - Although Bank of China is not one of the three sandbox institutions for stablecoin issuance, it has established a dedicated team to advance related developments [1] - There is external optimism regarding the potential development of a stablecoin linked to offshore RMB, which is why the bank places significant importance on the development of stablecoins [1]