Hong Kong Crypto Stocks Rally Across the Board — Leading Biotech Surges Nearly 9%

TradingKey – With just three days left until Hong Kong’s Stablecoin Ordinance takes effect, crypto-stocks on the HKEX surged sharply on Monday, July 28.

Despite the Hang Seng Index rising and then pulling back intraday, crypto concept stocks posted strong gains:

• Leading Biotech (HK.00399) jumped 8.77%, nearing its July 2 peak
• YF Finance (HK.00376) spiked over 9% in early trading, later settling at +5.68%
• Guotai Junan International (HK.01788) rose nearly 5%
• ZhongAn Online (HK.06060) gained over 3%
• Golden Surge Investment (HK.01328) climbed more than 2%
• Yika (HK.09923), OSL Group (HK.00863), and Delin Holdings (HK.01709) also joined the rally

The surge reflects growing investor optimism ahead of August 1, when Hong Kong’s Stablecoin Ordinance officially goes live, ushering in a new licensing regime for stablecoin issuers and service providers. This countdown is expected to further boost crypto-linked equities, as Hong Kong positions itself as a regional Web3 and digital asset hub.