盘中暴涨超100%！牛市旗手，重磅利好！

Core Viewpoint - The approval of Guotai Junan International by the Hong Kong Securities and Futures Commission to upgrade its securities trading license to provide virtual asset trading services marks a significant development in the financial industry, allowing direct trading of cryptocurrencies and stablecoins on its platform [1][3]. Group 1 - Guotai Junan International becomes the first Chinese broker in Hong Kong to offer comprehensive virtual asset trading services, including trading, advisory, and issuance of related products [3]. - Following the announcement, the Hong Kong stock market opened higher, with the Hang Seng Index rising by 0.62% and the Hang Seng Tech Index increasing by 0.9%. Guotai Junan International's stock surged over 60% after initially spiking more than 100% [1][3]. - The news has led to a notable increase in the valuation of financial companies associated with stablecoins, as seen with Everbright Holdings and its related securities [2][3]. Group 2 - Analysts suggest that stablecoins could fundamentally transform the role of large investment banks from mere transaction facilitators to becoming engines for asset securitization and cross-border clearing hubs [4]. - The current legal framework limits the connection between domestic brokerage operations and stablecoins, but international operations may benefit from stablecoin expansion, especially after Guotai Junan International's license approval [5][6]. Group 3 - The expansion of brokerages' balance sheets is seen as a key driver for stock price increases, with the current period (2023-2024) potentially being an opportunity for such expansion [5][6]. - The stablecoin market is currently valued at $220 billion, with projections suggesting it could grow eightfold to $2 trillion in the next three years, significantly impacting the short-term treasury market [6].