HK Movers | Stablecoin Stocks Surge as Hong Kong’s First Batch of Licenses Reportedly Set for Release This Afternoon

TigerApr 10, 2026 5:20 AM

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Stablecoin stocks surged in Hong Kong. Guotai Junan International rose 24%; Yunfeng Financial rose 9%; Shenwan Hongyuan rose 4%.

According to reports, the Hong Kong Monetary Authority is set to announce the first batch of stablecoin licenses at 5:00 PM on April 10, after which the licensed issuers will meet with the media.

The HKMA had already completed the final review of the initial applications in mid-March 2026 and has now entered the official disclosure preparation stage. A total of 36 applications were received, with plans to grant only 2 to 3 licenses in the first batch, reflecting a stringent regulatory approach.

In early February, HKMA Chief Executive Eddie Yue stated that the authority aims to issue the first batch of stablecoin issuer licenses within the year, while emphasizing that “the number of licenses in the initial round will be limited, with prudence as the primary objective.”

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