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According to the Hong Kong Securities and Futures Commission, Victory Securities Limited has been reprimanded and fined HKD 1.7 million for violating regulatory requirements, and its responsible personnel's licenses have been temporarily revoked.Previously, Hong Kong Victory Securities announced in February this year that it would close all virtual currency trading functions for users with mainland Chinese identities, retaining only withdrawal permissions and no longer supporting deposits and new transactions. The platform's gradual tightening of services for mainland users includes previous measures such as prohibiting purchases and suspending new address verification, aimed at complying with the regulatory requirements of the Hong Kong Securities and Futures Commission and relevant policies in the mainland.

The parent company of Kraken, Payward, has partnered with financial technology infrastructure provider GTN to promote the expansion of xStocks tokenization business into more overseas markets. The announcement stated that the two parties will first advance the tokenization of Hong Kong stocks, followed by expansion to the UK, Europe, South Korea, and other international markets, gradually covering more asset classes.According to the cooperation arrangement, GTN will provide execution, custody, and bookkeeping infrastructure covering over 90 markets, and will advance the necessary license applications in various locations. Once the relevant licenses are approved, tokenized xStocks will be opened to GTN's institutional clients.

The important event in the field of financial technology and digital assets in Asia------Wiki Finance EXPO Hong Kong 2026 will be held in Hong Kong from July 23 to 24, 2026. This event will bring together global financial technology companies, digital asset platforms, and industry participants to discuss the development trends of financial technology and the construction of the digital asset ecosystem.As a stablecoin-driven global payment infrastructure platform, WasabiCard will participate in this exhibition to engage in in-depth exchanges with global partners and share innovative practices and implementation experiences of stablecoin payments in the globalization of enterprises.WasabiCard is committed to significantly enhancing global settlement and payment efficiency for enterprises through its core capabilities of global card issuance, stablecoin payments, cross-border fund distribution, and global remittance. Currently, the platform's services cover over 200 countries and regions worldwide, supporting more than 30 mainstream currencies; at the same time, it integrates a full-process compliance risk control system including KYB, KYC, KYT, and AML to build a safe, reliable, and efficient global funding chain for enterprises.Participating in Wiki Finance EXPO Hong Kong 2026 is not only an important opportunity for WasabiCard to engage in in-depth exchanges with global financial technology and digital asset industry partners but also an important opportunity to further expand global ecological cooperation and enhance brand influence. In the future, WasabiCard will continue to promote innovation in stablecoin payment infrastructure and explore new trends in the development of the global payment system together with industry partners.

According to reports from Yicai, there are many rumors that "Xiaohongshu secretly submitted an IPO application before the end of June," but it was hindered by former employees reporting its "compliance issues for listing."In response, Xiaohongshu stated: The current circulating information related to the IPO is not true.

According to Bloomberg, AI startup 01.ai, founded by AI expert Kai-Fu Lee, plans to conduct an initial public offering (IPO) in Hong Kong after the end of the 2027 fiscal year and intends to seek Pre-IPO financing during its first annual performance announcement. To comply with the Hong Kong Stock Exchange's listing regulations for specialized technology companies, 01.ai is currently adjusting its offshore holding structure to pave the way for its future listing in Hong Kong.Founded in 2023, 01.ai achieved a valuation of over $1 billion in just 8 months after receiving investments from institutions such as Alibaba Cloud. The company has completed a business strategy transformation, shifting from its early self-developed cutting-edge large language models to building AI infrastructure services for enterprises, primarily fine-tuning and customizing based on domestic open-source models such as DeepSeek, Alibaba Qianwen, and Zhiyu GLM. Kai-Fu Lee revealed that approximately 50% of 01.ai's business revenue currently comes from overseas markets.

Anchorpoint, established by Standard Chartered Bank (Hong Kong), is one of the first two holders of the stablecoin issuer license granted by the Hong Kong Monetary Authority in April this year.Standard Chartered and Anchorpoint are expected to issue a joint announcement by the end of this month, within the next two weeks, to launch the HKDAP stablecoin pegged to the Hong Kong dollar. Previously, in April this year, the Hong Kong Monetary Authority issued the first batch of stablecoin issuer licenses to Anchorpoint and HSBC.

According to Bloomberg, optical module company Zhongji Innolight Co. has received approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange to plan for a listing in Hong Kong, which is expected to become one of the largest IPOs in the Hong Kong market in recent years.It is reported that Zhongji Innolight received approval for its Hong Kong listing plan from Chinese securities regulators on July 17, having previously obtained listing permission from the Hong Kong Stock Exchange.If the listing is successfully completed, the company is expected to raise up to $8 billion, making it one of the most watched new stock projects in the Hong Kong capital market in recent years. Zhongji Innolight is primarily engaged in the research and manufacturing of high-speed optical communication modules, benefiting from the global wave of AI data center construction, with rapidly growing demand for 800G and 1.6T high-speed optical modules.The market believes that this listing in Hong Kong will further enhance the company's international capital influence and provide financial support for expanding its global AI infrastructure supply chain layout.

According to "AI Technology Review," China's leading large model company Zhipu has invested hundreds of millions of yuan to acquire the AI heterogeneous computing power software infrastructure company Zhongke Jiahe. This move aims to completely address Zhipu's shortcomings in the underlying engineering and compiler capabilities of large models, in response to the structural shortage of computing power and high-concurrency inference challenges caused by a surge in user numbers.Zhongke Jiahe's technology originates from the Compiler Laboratory of the Institute of Computing Technology, Chinese Academy of Sciences, founded by Dr. Cui Huimin. Its core team has been deeply involved in the development of compilers for several domestic chips, including Loongson, Sunway, Cambricon, and Huawei Ascend. Zhongke Jiahe's core advantage lies in its virtual instruction set technology, which can unify different brands and models of chip ecosystems through middleware software, assembling scattered domestic chips into a unified ultra-large-scale cluster, thereby significantly improving overall computing power utilization; its SigInfer inference engine is claimed by the official source to reduce the inference latency of large models by up to 74 times.Recently, Zhipu's Coding Agent business has experienced explosive growth. The newly released GLM-5.2 large model saw a 27-fold increase in daily Token call volume during its first week on the aggregation platform, leading to the exposure of systemic engineering bottlenecks in its inference infrastructure under high concurrency and long context scenarios. After being placed on the U.S. Entity List, Zhipu has actively promoted domestic alternatives and has now completed inference adaptation for eight major domestic computing power platforms, including Huawei Ascend, PingTouGe, and Moore Threads. The acquisition of Zhongke Jiahe will not only directly improve Zhipu's unit Token inference cost and output quality but also provide core underlying compiler technology support for its previously rumored self-developed custom AI inference chip plan.

According to TenArmorAlert monitoring, the BSC chain project "CrowdRingCircle" suffered a suspicious attack, resulting in a loss of approximately $201,400.

According to a report by the Securities Times, Baidu Group announced that the company's board of directors has authorized the management to proceed with a voluntary conversion to a primary listing on the Main Board of the Hong Kong Stock Exchange, expected to take effect within this year. After the relevant procedures are completed, Baidu will achieve a dual primary listing in Hong Kong and Nasdaq. Once the dual primary listing takes effect, it will enhance the liquidity of the company's securities, expand the investor base, and provide greater flexibility for entering the two capital markets.

The global stablecoin payment infrastructure platform WasabiCard, in collaboration with WIDTH, held the CCO Leadership Edition compliance high-end exchange event in Hong Kong. WasabiCard CMO Jack Derong gathered with executives and experts from the fields of digital assets, payments, fintech, and regulatory compliance in Hong Kong to engage in in-depth discussions on topics such as the evolution of global regulations, the development of stablecoin payments, and corporate compliance practices.As Hong Kong's Web3 ecosystem continues to develop and the digital asset regulatory framework becomes increasingly refined, stablecoin payments are ushering in new development opportunities. With the continuous improvement of compliance requirements surrounding the HKMA stablecoin licensing system, Travel Rule, AML, KYT, and others, companies are increasingly focused on how to build payment infrastructure that combines global payment capabilities, risk management capabilities, and compliance capabilities to achieve the scalable implementation of stablecoin payments.WasabiCard believes that the future competition in stablecoin payments will hinge on whether companies possess the infrastructure capabilities to cover global compliance, risk management, and cross-border payment networks, rather than just payment efficiency.In the future, WasabiCard will continue to enhance global payment infrastructure based on the highest standards of compliance systems and risk management capabilities, helping clients confidently respond to the evolving global regulatory requirements and expand their international business more securely.

The Hong Kong stock market has seen active performance from certain individual stocks, with diverse sectors continuing to attract market attention. The top three gainers on the Gate platform for Hong Kong stocks are: Wan Shun Rui Qiang Group, which surged 51.42%, currently reported at HK$ 5.30; Le Mo Technology, which rose 28.77%, currently reported at HK$ 9.80; and Zhao Yan New Drug, which increased by 24.50%, currently reported at HK$ 27.64.

According to Gate market data, the Hong Kong stock market is showing overall fluctuations and differentiation, with some high-elasticity stocks rising against the trend. The top three gainers on the Gate platform for Hong Kong stocks are: Weili Zhibo-B, which surged 29.90%, currently reported at HK$64.85; Guanglian Technology Holdings, which rose 21.70%, currently reported at HK$4.99; and China Huajun, which increased by 20.66%, currently reported at HK$1.46.

The Hong Kong Interbank Clearing Limited (Hong Kong Clearing) announced that it has recently discovered multiple counterfeit websites that lure users into submitting personal information such as ID card numbers, ID card photos, and phone numbers under the guise of "Buyer Online Security Assurance" for so-called "real-name authentication," and use cash rewards as an incentive, allowing users to recharge and withdraw funds through virtual wallets.The Hong Kong Interbank Clearing Limited urges the public to be cautious of suspicious calls, websites, or other communications, and to report to the police as soon as possible if they suspect they have been scammed.

According to Gate market data, the Hong Kong stock market closed with the Hang Seng Index rising 0.6% and the Hang Seng Tech Index falling 0.21%. The total turnover of the Hang Seng Index reached HKD 339.592 billion.On the market, chip stocks, optical communication, PCB concepts, and mobile game stocks had the largest declines, while pharmaceutical outsourcing concepts, military industry stocks, pork concepts, and automotive sectors had the largest gains. In terms of individual stocks, Zhiyu fell over 19%, MINIMAX-W fell over 9%, Hua Hong Semiconductor fell over 8%, CATL fell nearly 8%, and SMIC fell over 4%; Goldwind Technology rose over 8%, CK Hutchison rose over 7%, Leap Motor rose over 6%, WuXi AppTec rose over 4%, and Xiaomi Group rose over 3%.

According to Gate market data, today in the Hong Kong stock market, the chip design stock Guo Wei Holdings reached an intraday increase of 66.66%; Paig Bio-pharmaceuticals-B rose by 41.04%; and Zhaogangwang-W increased by 29.54%. Popular sectors such as chip design, industrial internet, and innovative drugs are performing actively, and market attention continues to heat up.

According to Gate market data, the Hong Kong stock market closed at noon with the Hang Seng Index rising by 1.86%, the Hang Seng Tech Index rising by 2.69%, and the total market turnover of the Hang Seng Index reaching HKD 188.435 billion.On the market, sectors such as optical communication, biotechnology, and automobiles saw significant gains, while storage concepts, coal, and mobile game stocks experienced notable declines. In terms of individual stocks, CK Hutchison rose over 7%, CSPC Pharmaceutical Group and Hua Hong Semiconductor rose over 7%, Leapmotor rose nearly 7%, and WuXi AppTec rose over 6%. MINIMAX-W fell over 12%, Zhizhu fell over 11%, and CATL fell over 2%.

On July 10, HSBC announced that it has completed the issuance of its first digital native structured product in Hong Kong, which is a private placement of structured notes denominated in US dollars. The notes are issued directly on the blockchain rather than being digitized after issuance. Asia-Pacific digital market infrastructure operator Marketnode acts as the tokenization agent and digital payment agent, managing the payment process between the issuer and investors.Marketnode is supported by Euroclear, HSBC, SGX Group, and Temasek. HSBC positions this transaction as a pilot project aimed at demonstrating how tokenization can improve the issuance, settlement, and ongoing servicing of products throughout their entire lifecycle. HSBC did not disclose the issuance scale, reference assets, note duration, investor identities, or the blockchain used. This issuance continues HSBC's years of efforts in the field of tokenization, having previously issued digital native bonds through the HSBC Orion platform and launched retail gold tokens in Hong Kong.