Hong Kong Unveils “Digital Asset Development Policy Declaration 2.0” as Stablecoin Stocks Surge
TradingKey – On Thursday, June 26, the Hong Kong government released its “Digital Asset Development Policy Declaration 2.0”, outlining a bold vision to transform the city into a global innovation hub for digital assets. The policy covers key areas such as stablecoins, asset tokenization, and regulatory streamlining.
Following the announcement, stablecoin-related stocks in Hong Kong showed mixed performance:
- JD.com-SW (09618.HK) edged up 0.08%,
- LianLian Digital (02598.HK) slipped 1.11%.
However, mainland Chinese A-shares linked to stablecoins surged, with names like Chutian Dragon, Geer Software, and Jingbei Fang hitting their daily 10% limit-up.
Meanwhile, several Hong Kong brokerages, including Guotai Junan International (01788.HK) and Victory Securities (08540.HK), received regulatory approval to offer cryptocurrency trading services. This news initially sent their stocks soaring — Victory Securities jumped as much as 44%, while Guotai Junan International briefly spiked before reversing to an 8% decline at the time of writing.
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