Core Viewpoint - The article discusses the upcoming implementation of the "Stablecoin Regulation" in Hong Kong, which is set to take effect in August. The regulation aims to establish guidelines for stablecoin issuance, focusing on anti-money laundering and related requirements, with a limited number of licenses expected to be issued this year [2][4]. Group 1: Stablecoin Regulation - The Hong Kong Monetary Authority (HKMA) is currently consulting the market on the implementation of the stablecoin regulation guidelines, which will be announced within the month [2][4]. - The number of stablecoin licenses issued is expected to be in the "single digits," with at least nine institutions expressing interest in applying for licenses, including three that are part of the HKMA's stablecoin issuance sandbox [4][8]. - The regulation aims to address challenges in cross-border payments, particularly in regions with high local currency risk or underdeveloped financial systems, by facilitating transactions through stablecoins backed by fiat currencies [4][9]. Group 2: Market Reaction - In the A-share market, stocks related to cross-border payments and stablecoins have shown strong performance, with several companies hitting their daily price limits [3][6]. - Notable stocks include Zhongyi Technology, which reached a 20% increase, and others like Huafeng Superfiber and Xunxing Co., which also saw significant gains [6][7]. Group 3: Future Prospects - The global cross-border payment transaction volume is projected to reach $194.6 trillion by 2024 and is expected to grow to $320 trillion by 2032, highlighting the increasing importance of stablecoins in this sector [10]. - The People's Bank of China is revising the rules for the Renminbi Cross-Border Payment System (CIPS) to adapt to the evolving needs of cross-border payment services, indicating a supportive regulatory environment for stablecoin development [7][10].
香港,突传重磅!刚刚,集体飙升!
券商中国·2025-07-07 04:36