Core Viewpoint - The stock prices of stablecoin-related companies have risen significantly following the announcement of stablecoin license applications in Hong Kong, indicating positive market sentiment towards the regulatory developments in the sector [1] Group 1: Stock Performance - Guotai Junan International (01788) increased by 4.82%, reaching HKD 2.61 [1] - Yunfeng Financial (00376) rose by 4.5%, reaching HKD 3.48 [1] - ZhongAn Online (06060) saw a rise of 4.42%, reaching HKD 16.07 [1] - Yaocai Securities (01428) increased by 3.35%, reaching HKD 8.33 [1] Group 2: Regulatory Developments - As of September 30, Hong Kong's Financial Secretary, Xu Zhengyu, announced that 36 stablecoin license applications have been received from various sectors [1] - Licenses are expected to be issued early next year, with a focus on sound reserve management, price stability, and anti-money laundering measures [1] - The regulatory framework aims to protect investors and establish a clear compliance path to reduce potential trading conflicts and resolve disputes [1] Group 3: Virtual Asset Regulation - Xu Zhengyu mentioned ongoing collaboration with the Hong Kong Securities and Futures Commission to develop a licensing system for virtual asset trading and custody service providers [1] - The legislative proposal is planned for submission to the Legislative Council next year, aiming to cover key aspects of the virtual asset industry [1] - The regulatory framework seeks to balance risk management and innovation within the sector [1]