Data: Hong Kong stock stablecoin concept stocks collectively surged, Huaxing Capital Holdings once rose over 16%

ChainCatcher news, Hong Kong stock market stablecoin concept stocks collectively surged at the beginning of the trading session, with Huaxing Capital Holdings rising over 16%, Lianyi Rong Technology up over 9%, Lianlian Digital increasing nearly 5%, and China Everbright Holdings up nearly 4%.

On June 6, the Hong Kong SAR government published the "Stablecoin Ordinance (Commencement Date) Notice" in the Gazette, specifying August 1, 2025, as the implementation date for the "Stablecoin Ordinance" (Chapter 656). On June 7, the Secretary for Financial Services and the Treasury, Xu Zhengyu, stated in a radio program that the underlying asset of stablecoins is fiat currency, which can later be used in electronic asset form for payment functions through technologies such as blockchain.