Hong Kong Stablecoin Stocks Rally — Guotai Junan International Soars Over 16%
TradingKey – Stablecoin-related stocks in Hong Kong extended their winning streak on Tuesday, July 8, with Guotai Junan International (01788.HK) surging more than 16% to HK$5.51. The stock has now rebounded nearly 60% over the past four trading sessions, fueled by optimism around Hong Kong’s evolving digital asset regulations.
Guotai Junan International Stock Price Chart – Source: TradingView
Other notable gainers in the sector included:
- New Huo Technology Holdings (01600.HK): up 13% to HK$3.73
- OKG Technology Holdings (01499.HK): up 4% to HK$0.36
- China Renaissance Holdings (01911.HK): up 1% to HK$5.23
The rally reflects growing investor confidence in Hong Kong’s stablecoin licensing regime, which is set to take effect on August 1. Guotai Junan recently received regulatory approval to offer virtual asset trading services, positioning it as a key player in the region’s digital finance ecosystem.
The bullish sentiment isn’t limited to Asia. In the U.S., despite broader market weakness triggered by Trump’s new tariff announcement, stablecoin-linked equities outperformed:
Circle (CRCL) jumped nearly 10%
Coinbase (COIN) edged up 0.37%
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