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The Financial Secretary of the Hong Kong Special Administrative Region Government published an essay reviewing the economy of the first quarter of 2026, mentioning that the Hong Kong market is active, with an average daily trading volume exceeding HKD 260 billion in the first two months of this year, a year-on-year increase of 17%. As March began, the market became even more active, with the average daily trading volume of Hong Kong stocks exceeding HKD 300 billion, an increase of over 8% compared to the same period last year. Investors are increasing their asset allocation in Hong Kong, viewing it not only as a reliable safe haven for capital but also due to the stable growth of the mainland economy and the listing of a large number of quality enterprises in Hong Kong, providing ample investment opportunities.At the same time, global competition in cutting-edge technologies such as artificial intelligence has entered a heated stage, requiring substantial financial support for everything from tackling core technologies, developing upstream and downstream of the industrial chain, to exploring broader application scenarios. The Hong Kong listing platform is playing a key role in this regard, with the IPO market continuing its strong performance from last year in the first quarter of this year. As of March 27, the fundraising amount has exceeded HKD 103 billion, ranking first globally; including follow-up financing, the total fundraising scale is approximately HKD 237 billion. More and more companies listing in Hong Kong belong to emerging industries—artificial intelligence, semiconductors, robotics, autonomous driving, biotechnology, etc. Currently, there are over 500 applications waiting to list in Hong Kong. More enterprises view Hong Kong as an important window for financing and overseas development.

The global stablecoin payment and trading platform OSL Group announced its annual performance for the year ending December 31, 2025. The company's core operating revenue was HKD 534 million, a year-on-year increase of 150.1%; total revenue was HKD 489 million, a record high, with a year-on-year increase of 30.4%; the total trading volume on the platform was HKD 201.22 billion, a year-on-year increase of 200.7%. By region, revenue was divided with Hong Kong accounting for 33% and overseas accounting for 67%.

The Hong Kong police announced the progress of the investigation into the JPEX virtual asset trading platform fraud case, revealing that since the investigation began, a total of 80 people have been arrested, and assets totaling approximately HKD 228 million have been frozen. Another round of prosecution actions has been taken, charging 10 individuals with "money laundering" and "conspiracy to commit money laundering."Chief Inspector Han Chenghao of the Hong Kong Police Commercial Crime Bureau stated that the JPEX case is the largest in terms of the number of victims and the amount of money defrauded in recent years in Hong Kong, with over 2,700 victims reporting losses exceeding HKD 1.6 billion. Since the incident, no company or individual has admitted to being the actual operator, and the police need to conduct extensive investigations to clarify who the masterminds, core members, or accomplices behind JPEX are.

The Hong Kong Securities and Futures Commission released the Q4 2025 report, which pointed out that the Hong Kong Securities and Futures Commission has officially become a member of the Hong Kong Police Force's Virtual Assets Intelligence Working Group, with strategic innovation promoting the continuous growth of Hong Kong's listed and digital asset markets.In terms of digital assets, the Hong Kong Securities and Futures Commission recognized that the asset management scale of tokenized retail money funds has grown to HKD 8.66 billion (USD 1.11 billion) since its launch in 2025, with a quarterly increase of 14% as of last December; additionally, since the launch of Asian virtual asset spot exchange-traded funds in the market in 2024, a total of 11 such ETFs have been listed in Hong Kong, with a total market value increasing by 142% to over HKD 5.4 billion (USD 702 million) since their listing. As of last December, the total market value of ETFs and leveraged and inverse products recognized by the Hong Kong Securities and Futures Commission surged by 33.7% year-on-year to HKD 618.7 billion.Furthermore, the net inflow of funds for funds registered in Hong Kong surged by 118.5% year-on-year to HKD 356.7 billion in 2025. As of last December, the assets under management of these funds grew by 38.3% year-on-year to HKD 22.8 trillion, while the total number of funds increased by 9.1% year-on-year to 1,041.

According to Hong Kong media Hong Kong 01, the Hong Kong police have cracked a money laundering case involving the use of puppet accounts and virtual currency exchange shops. It is reported that two mainland Chinese individuals opened puppet accounts in Hong Kong, using 43 local bank accounts to receive 34 sums of money from different fraud cases, and purchased cryptocurrency at virtual asset exchange shops, laundering approximately HKD 17.3 million in criminal proceeds.Analysis of the fund flow shows that the criminal group conducted cryptocurrency transactions through local bank accounts, laundering as much as HKD 230 million. The Hong Kong police charged the two individuals with 3 and 10 counts of money laundering respectively. After reviewing the case, the court approved heavier sentences of 28 months and 43 months in prison for the two.

According to the official announcement, the Gate contract index area launched US2000 (US Russell 2000 Index), HSCHKD (Hang Seng Enterprise Index), TW88 (Taiwan MSCI Index), AUS200 (Australia 200 Index), and VIX (Chicago Board Options Exchange Volatility Index) on February 4 at 12:00 (UTC+8), supporting 1 to 50 times leverage.Gate index perpetual contracts are based on mainstream global indices and volatility indices, introducing market sentiment indicators into the cryptocurrency derivatives trading system. While maintaining the advantages of USDT settlement and 24/7 trading, it provides users with trading options that are closer to the global macro market. As an important indicator of market uncertainty, the rise and fall of VIX reflects changes in investors' expectations of risk and is often used for hedging and risk avoidance. Its launch further provides investors with more specialized trading tools, expanding cross-market trading and strategy layout space.

OSL Group (09618.HK) announced that it plans to place approximately 104 million shares at a price of HKD 14.9 per share after the trading session on January 28, which represents about 11.6% of the company's issued share capital after the placement and issuance of new shares. The placement price is approximately 17.2% lower than the closing price on the last trading day. The net proceeds are estimated to be around HKD 1.55 billion.As a result, OSL Group's stock price fell over 5% during today's trading session, with the latest price reported at HKD 17.01.It is reported that this is OSL Group's second placement since raising HKD 2.355 billion in July 2025, with the funds still focused on strategic acquisitions and global business expansion initiatives (payment services and stablecoin business).

The unlicensed virtual asset trading platform JPEX was revealed to be involved in fraud in 2023, with multiple artists and influencers implicated in deceiving investors and causing them to lose their assets. According to the latest disclosures from Hong Kong media, the Wen Wei Po, two suspects involved in money laundering of approximately HKD 26.4 million have been summoned in two separate cases at the District Court. The prosecution has confirmed that a notice for increased penalties has been issued and recorded by the court. Judge Ko Kin-sau has scheduled the two cases for further hearings on March 31 and April 9, respectively. It is reported that the police have prosecuted 16 individuals in this case so far.

According to the announcement from the Hong Kong Stock Exchange, the Hong Kong-listed SOL treasury company MemeStrateg has announced that a total of 49,049,824 shares have been issued to subscribers, raising a total of HKD 84.07 million (approximately USD 10.82 million), with a net amount of HKD 83.72 million. The funds will be used to explore blockchain solutions and real-world asset-related businesses.The company disclosed this week that it has increased its holdings by 2,440 SOL, bringing its total holdings of SOL tokens to 12,290.

According to Futu data, Hashkey Holdings (03887.HK) opened on the Hong Kong stock market and briefly surged to around HKD 7.8, now retreating to HKD 6.76, with a market capitalization currently reported at HKD 18.693 billion. Previously, its dark market price had risen over 13%, pushing its market capitalization to around HKD 21 billion.

According to Aastocks, Hong Kong-listed company Chudi Holdings announced an investment of HKD 1.7 million to establish a stablecoin research and development center with the Hong Kong Polytechnic University. The center will focus on the comprehensive research and development of regulatory-compliant stablecoins and real-world asset (RWA) tokenization. The core objectives include formulating an RWA framework consistent with Hong Kong's upcoming "Stablecoin Regulation Draft" and "Virtual Asset Policy Declaration 2.0," as well as promoting innovations in AI-driven tokenization and real-time asset valuation models.

According to Decrypt, cryptocurrency exchange BloFin announced a donation of 1 million HKD to the Hong Kong Red Cross to support the rescue and recovery efforts for the recent large-scale fires in Hong Kong.

According to Animoca Brands, the company announced the completion of a charitable fundraising campaign for the fire rescue in Tai Po, Hong Kong, raising a total of HKD 2,602,516.64, which has been donated to the Hong Kong Red Cross Tai Po Fire Emergency Relief Fund.Approximately 33% (HKD 869,067.7) of the donations came from members of the global cryptocurrency community, while the remaining HKD 1,733,448.94 was contributed by Animoca Brands and its employees, co-founder and executive chairman Yat Siu, various subsidiaries and projects (including Open Campus, Anichess, The Sandbox, Tower Ecosystem, etc.), as well as partners like Moca Foundation.

Cryptocurrency KOL En Heng (@EnHeng456) announced the completion of a donation totaling 144,444 HKD to the Tai Po Wang Fuk Court Relief Fund supported by the Hong Kong SAR government and the Hong Kong Yan Chai Hospital.He stated: "The losses caused by this fire are heartbreaking. The moment I saw the news, my first reaction was that I should do something within my capacity. Even if my contribution is small, I hope it can bring some support to the affected families. We are taking action, praying for Hong Kong, and doing our part for the rebuilding."

The founder of TRON, Justin Sun, posted on X platform that TRON has completed a donation of 10 million HKD to the Tai Po Hongfuyuan Relief Fund supported by the Hong Kong SAR government, to assist with the rescue efforts related to the Tai Po fire in Hong Kong.

According to Zhitong Finance, Hengyue Holdings (01723.HK) announced that the group has further purchased approximately 7 bitcoins in the open market, at a total cost of about HKD 4.712 million (equivalent to approximately USD 604,000).

The Vantage Foundation recently donated HKD 1 million to the rescue and post-disaster reconstruction efforts for the five-alarm fire at Hong Fu Court in Tai Po, Hong Kong. This donation has been allocated to a locally recognized charity to provide emergency assistance, including temporary housing, essential supplies, and mid-term recovery support for the community. In addition to financial support, representatives from Vantage's management and members of the public welfare team went to the scene to participate in the rescue efforts, offering comfort and assistance to residents during the recovery process.Vantage stated: "At Vantage, we believe that supporting the community in times of crisis is a responsibility we must undertake. The fire at Hong Fu Court has deeply affected many families, and we hope this donation can help them recover more quickly. We are also proud of the team members who proactively went to the site to express their support; the empathy and cohesion they demonstrated are essential reflections of our corporate values.As a platform for promoting global public welfare projects, the Vantage Foundation has been actively involved in various disaster relief, education, and community projects across Asia and the world. In the future, the foundation will continue to monitor the follow-up developments of this incident and explore further ways to support long-term recovery efforts as needed."

Gate has urgently established a HKD 10 million aid fund to support the living assistance and community reconstruction for residents affected by the fire in Tai Po, Hong Kong.Gate stated, "We will disburse the funds in phases according to actual needs, continuously investing to ensure that aid reaches every affected resident. We pay tribute to the firefighters and rescue personnel who are fighting on the front lines, thanking you for safeguarding lives with your own. At the same time, we extend our deepest care and support to all affected residents, wishing you a swift recovery from this hardship."