BOCIC(SH:601696) 券商中国·2026-02-11 03:52Market Movement - China Securities (中银证券) experienced a sudden surge, with its stock price increasing from a decline of -0.5% to over 3% rise, indicating strong market interest [1] - Other stocks related to stablecoins, such as Lianyi Technology and Lianlian Digital, also saw significant increases [1] Stablecoin Developments - Hong Kong's Chief Executive, John Lee, announced that the Hong Kong Monetary Authority (HKMA) is actively processing license applications for stablecoin issuers, with the first licenses expected to be issued next month [3] - The implementation of the Stablecoin Regulation last August established a licensing system for issuers of fiat-backed stablecoins in Hong Kong [3] - HKMA's President, Eddie Yue, emphasized that the number of initial licenses will be limited to ensure a cautious approach [3] Regulatory Landscape - Major technology and financial firms are making significant investments in the stablecoin sector, with Ant Group and JD.com being notable players [4] - Standard Chartered Bank is recognized for its strong financial infrastructure and experience in sandbox testing, positioning it favorably in the market [5] - A joint notice from several Chinese regulatory bodies highlighted that any issuance of stablecoins pegged to the Renminbi outside of China requires approval [5] Challenges of Stablecoins - The Bank for International Settlements (BIS) identified three main shortcomings of stablecoins: lack of central bank backing, insufficient measures against illegal use, and limited flexibility in generating loan funds [6]