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According to The Wall Street Journal, China's lifestyle and video sharing platform Xiaohongshu plans to go public in Hong Kong as early as the end of this year, with major investors seeking to value it at over $70 billion. Previously, the company was valued at over $50 billion in recent private secondary market transactions.

According to the official announcement, Bitget stock derivatives have now launched for 10 underlying assets including FLNC (Fluence Energy), CGNX (Cognex), SMH (VanEck Semiconductor ETF), ROK (Rockwell Automation), ISRG (Intuitive Surgical), covering popular sectors such as energy storage, industrial automation, semiconductors, and medical technology.

According to BBX data, yesterday's interest rate hike in Japan coincided with the Federal Reserve's decision window, creating the most intense macroeconomic shock point of the week. The latest results of institutional stablecoin research were released on the same day, with the core dynamics as follows:Metaplanet Inc. (TSE: 3350), as the largest corporate BTC reserve holder in Asia and the third largest publicly traded company holding Bitcoin globally (holding 40,177 BTC at an average price of about $104,000, with a target of 100,000 BTC by the end of 2026), faced a dual-edged sword pressure from the exchange rate yesterday: after the Bank of Japan announced a 25 basis point increase in the policy interest rate to 1.0%, the yen strengthened, superficially lowering the book value of BTC denominated in yen, but Bitcoin subsequently rose against the trend (CoinDesk's headline on the same day: "Bitcoin rallies after Japan rate increase"), with actual improvements in USD-denominated holdings. The company's current holdings are approximately $2.64 billion (estimated at $65,750/BTC), with the latest capital move being the issuance of 8 billion yen (about $55 million) for the 20th bond (EVO FUND) on April 24 for additional BTC purchases. Analysts warn that if the BOJ's interest rate hike triggers large-scale unwinding of "Yen Carry Trade," global risk assets including BTC may suffer systemic deleveraging shocks—however, Metaplanet holds physical BTC rather than leveraged positions, with its main risk being the exchange rate conversion effect rather than forced liquidation.OSL Group (Hong Kong Stock Exchange: 0863.HK) and the School of Business at the Hong Kong Polytechnic University jointly released a white paper on June 16 (The Block included it on the same day at 9:01 am EDT), titled "Cross-Border Trade Payments Will Drive the Adoption of Regulated Corporate Stablecoins." The core conclusion is that the demand for corporate-level cross-border trade payments is the main path to drive the large-scale adoption of regulated stablecoins, with importance surpassing retail consumption scenarios. OSL Group holds the Hong Kong Securities and Futures Commission licenses 7 (automated trading services) and 1 (securities trading), making it one of the few compliant exchanges globally with both institutional custody and practical experience in stablecoin settlement. Previously, it provided institutional clients with approximately $130 million in USDGO stablecoin settlement services in April 2026. This white paper provides an industrial basis for the stablecoin policy framework of Hong Kong's financial regulatory authorities, and, together with Visa's stablecoin settlement of $7 billion annualized scale, SoFi SoFiUSD's launch, and Western Union's USDPT layout, constitutes multiple points of evidence accelerating the global adoption of corporate stablecoins.

According to Caixin, Standard Chartered's Head of Financial and Strategic Clients for Hong Kong, Greater China, and North Asia, Zeng Jizhi, stated that Standard Chartered is studying the feasibility of establishing its own gold storage in Hong Kong and is considering different site options.If the plan materializes, Hong Kong is expected to become the first market where Standard Chartered Group establishes its own gold storage, and it would be one of the few banks to have its own storage in Hong Kong. Currently, Standard Chartered has already provided physical gold trading and related options financing services to Commercial and Investment Banking (CIB) clients. If the self-established gold storage is established, it could extend services to comprehensive gold trading services, including executing transactions, settlement, and storage.

According to Crowdfund Insider, the Chairperson of the Hong Kong Securities and Futures Commission (SFC), Laura Liang, stated at the Caixin Summer Summit that Hong Kong will continue to expand its digital asset regulatory framework and promote the application of artificial intelligence (AI) in the financial services sector to consolidate its position as an international financial center.Laura Liang pointed out that regulatory agencies will improve the institutional framework around areas such as digital asset trading, custody, investment consulting, and asset management, while adhering to the regulatory principle of "same business, same risks, same rules," achieving a balance between innovation and investor protection.She stated that as the application of AI in the financial industry accelerates, regulatory focus will include potential risks such as model reliability, algorithm bias, data privacy, and cybersecurity, emphasizing that financial institutions need to strengthen risk management during the innovation process.In addition, the Hong Kong Securities and Futures Commission and relevant regulatory agencies have expanded the regulatory sandbox mechanism, allowing financial institutions to test generative AI applications in a controlled environment to promote technological implementation and compliant development. Analysts believe that Hong Kong is further enhancing the openness and standardization of its financial markets through a dual regulatory framework for digital assets and AI, while also increasing its competitiveness in the global capital markets.

According to Bloomberg, citing informed sources, the operating entity of Xiaohongshu, Xiaohongshu Technology Co., Ltd., is preparing to secretly submit its initial public offering application in Hong Kong by the end of June. The report states that the company is advancing potential listing matters with advisors, and this transaction is expected to rank among the large IPOs in Hong Kong in recent years. However, details such as the listing time, fundraising scale, and valuation have not yet been finalized, and discussions are still ongoing.Xiaohongshu was founded in Shanghai in 2013, with investors including Tencent, Alibaba, Sequoia China, Hillhouse Capital, and GGV Capital. In the 2024 financing round, Xiaohongshu's valuation was approximately $17 billion. With business growth, Xiaohongshu's valuation soared to $31 billion in secondary market trading in September 2025, and it predicted to shareholders that the full-year profit for 2025 would reach approximately $3 billion.

The Web3 industry summit Money Frontier 2026 has officially launched the "Path to a Million" themed essay competition. The event is open to all Crypto Natives and creators, with topics covering "the leap from 0 to the first 1 million" and "the wealth defense battle in the next five years," aiming to gather real trading insights, wealth thinking, and risk control strategies from industry practitioners. It is worth mentioning that this essay competition has specially invited the previous "My DeFi Journey" essay champion "Little Penguin" to serve as a core judge.Participants can publish articles on X (Twitter) and submit their registration to have a chance to win cash prizes of a thousand dollars, co-branded hardware wallets, and standard tickets to the MF Hong Kong summit worth 128U. For more details, see the official tweet link.It is reported that Money Frontier 2026 will be held in Hong Kong on July 27-28, where industry leaders such as $Ethena founder Guy Young, ZK-STARK inventor Eli Ben-Sasson, Dr. Yang from Shena Mining, and Yu Xian from Slow Mist will gather on-site. Currently, the official ticket purchase and limited-time verification-free ticket channels for the summit's standard tickets have been opened.

Gate stocks officially launch the Hong Kong stock trading feature, further expanding global diversified asset allocation capabilities. After users upgrade the Gate App to version v8.23.5 or above, they can participate in stock trading listed on the Hong Kong Stock Exchange (HKEX) through the Gate platform.This initial launch includes over 1,000 Hong Kong stock targets, covering multiple core industries such as technology and internet, finance, new energy, telecommunications, consumer goods, and biomedicine, including highly regarded representative companies like Tencent Holdings, HSBC Holdings, Xiaomi Group, Meituan, BYD Company, and China Mobile. Hong Kong stocks share the same stock account system as U.S. stocks, supporting trading, position management, profit and loss inquiries, and historical record viewing, providing users with a unified and efficient trading experience.In addition, only intraday trading is supported, with no pre-market or after-hours trading services provided. Prices, profit and loss, and position market values are displayed in Hong Kong dollars (HKD), and trading fees are calculated based on real-time exchange rates. The launch of Hong Kong stock products further enriches the global stock product matrix of Gate stocks, providing users with a more convenient one-stop cross-market investment channel.

Hong Kong Stock Zhipu (02513.HK) surged significantly during today's trading, at one point rising over 45%, reaching a high of 1620.00 HKD, and currently the increase has narrowed to around 28%, reported at 1404.00 HKD. In response to the unusual stock price movement, Zhipu issued a statement saying that the company is not aware of any undisclosed insider information.On the news front, against the backdrop of the strongest models from overseas competitors being globally banned due to government regulations, Zhipu announced the launch of its latest flagship model GLM-5.2. This model supports long contexts of up to 1M and will be fully open-sourced next week under the MIT license. Zhipu stated that this move aims to attract global developers with an open strategy, and it is expected that the release of this model will effectively benefit the company's subsequent open platform and API business call volume increase.

The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, stated in a blog that the HKSAR Government will launch the first public consultation for Hong Kong's five-year plan on June 15 next week, lasting for two months. This plan aims not only to enhance economic development momentum and promote better application of technology but also hopes to achieve a more inclusive society, where citizens enjoy more quality job opportunities and a better life."AI+" and "Finance+" are two strategic directions worth exploring in depth. AI is no longer just about the innovation and technology industry itself; it plays a key role in enhancing the competitiveness of various sectors. For finance, it can strengthen data analysis, risk management, and customer service. "Finance+" means making good use of Hong Kong's full chain of fundraising functions, including building a more comprehensive patient capital system to inject development momentum into cutting-edge technology enterprises.

According to Cointelegraph, the Hang Seng Index Company will include it in the Hang Seng Hong Kong-US Tech Index component list after SpaceX goes public on June 12.

According to local media in Hong Kong, on June 5, the Hong Kong police received a report from a man who claimed that he was scammed out of 1.6 million USDT by a counterfeit exchange while exchanging virtual currency, which is worth approximately 14 million Hong Kong dollars. After preliminary investigation, the police classified the case as "obtaining property by deception" and handed it over to the 10th team of the Mong Kok District Criminal Investigation Unit for follow-up, with no arrests made yet. The police remind citizens that obtaining property by deception is a serious crime, and upon conviction, the maximum penalty can be imprisonment for fourteen years.

Hong Kong Mortgage Corporation Limited announced the first issuance of HKD 12 billion public digital bonds, including three tranches: HKD 6 billion for a two-year term, HKD 2.5 billion for a five-year term, and RMB 3 billion for a three-year term. Among these, the five-year HKD bond is the longest maturity digital bond ever issued.It is reported that this issuance transaction is the largest digital bond issuance globally to date, and the Mortgage Corporation has also become the first public institution in Hong Kong to issue digital bonds. The bonds will be generated on a distributed ledger technology platform operated by the Central Clearing and Settlement System for debt instruments, which also serves as the settlement and delivery system for the digital bonds.

The Hong Kong Securities and Futures Commission has listed three "exiovip" related websites as suspicious virtual asset trading platforms, according to a report from the licensed virtual asset trading platform EXIO Limited. One of the websites is a fraudulent site, and the other two websites have no connection to EXIO Limited.In addition, the Hong Kong Securities and Futures Commission has also listed "chenguanginvestment" as a suspicious website, clarifying that this website has no connection to the licensed institution Capital International.

The Hang Seng Index Company announced that SpaceX will be listed on June 12, 2026. Therefore, the calculation method for the Hang Seng Tech Index will add Space Exploration Technologies Corp. ("SpaceX", stock code: SPCX.O) to the designated U.S. component stock list (currently: the seven tech giants).The weight of the 8 U.S. listed component stocks will be recalculated to equal weight after the market closes on June 23, 2026 (the 7th trading day of SpaceX), and the weight of the newly added and updated component stocks will take effect on June 29, 2026 (the 11th trading day of SpaceX).

According to Aastocks, Futu Securities has officially announced the approval of its service upgrade for license No. 1 (Securities Trading) by the Hong Kong Securities and Futures Commission, launching virtual asset trading financing services for eligible clients in Hong Kong. It is understood that the collateral for this service must be traditional securities, and the credit limit obtained by clients through traditional securities financing cannot be used for cryptocurrency trading, which is currently relaxed to be usable for cryptocurrency trading.As for using virtual assets directly as collateral for "margin trading," although the circular issued by the Hong Kong Securities and Futures Commission in February relaxed the use of virtual assets as collateral, it also mentioned that before the revision of capital regulations, virtual asset collateral will be subject to a 100% deduction according to the Securities and Futures (Financial Resources) Rules, which is expected to pose certain challenges to the industry's capital efficiency in actual operations.

According to Bloomberg, Ant Group's overseas business subsidiary Ant International is considering raising approximately $1 billion to accelerate business growth, with a valuation expected to reach $10 billion or higher. Sources reveal that potential investors include existing shareholders General Atlantic and Silver Lake, and relevant communications are still ongoing, with no final decision made yet.If the financing is successfully completed, it will help Ant International prepare for a potential listing in Hong Kong as early as this year. If the listing plan goes ahead, it will restart Ant Group's IPO process, which was halted by regulators in 2020, making it the largest IPO globally. After undergoing a compliance restructuring, Ant International established an independent board in 2024. Due to R&D investments and regulatory factors, the overall valuation of the parent company Ant Group has shrunk to approximately $79 billion in 2023.Ant International achieved revenue of $3 billion in 2024 and recorded about 25% growth in 2025. As of April 2026, its services have covered over 220 markets worldwide, supporting more than 300 payment methods. Its core business consists of four major segments, including the cross-border payment network Alipay+, merchant acquiring service Antom, cross-border trade payment platform WorldFirst, and AI digital lending and foreign exchange fund management service Bettr.In March 2026, Ant Group received approval from Chinese regulators to acquire the Hong Kong-listed brokerage Bright Smart Securities & Commodities Group Ltd. to expand its online securities business outside mainland China. Ant Group is also continuously investing in emerging technologies to explore new revenue sources, with investment directions covering large language models, humanoid robots, and a healthcare application with 140 million users.

The Hong Kong Securities and Futures Commission further interpreted the circular issued on May 22. The frequently asked questions (Question 9) in the circular mentioned that licensed companies in Hong Kong can continue to open new accounts for investors from mainland China (i.e., investors using Chinese resident identity cards and/or Chinese passports as identification documents), but must comply with all account opening regulations.The Hong Kong Securities and Futures Commission stated that licensed companies in Hong Kong can continue to provide services to existing clients from mainland China, provided that such services are not offered within mainland China and that they have complied with all relevant laws and regulatory requirements of Hong Kong and applicable jurisdictions. The Hong Kong Securities and Futures Commission also noted that it is aware of the notice jointly issued by the mainland authorities on May 22, 2026, and that the relevant requirements also apply to financial institutions in other jurisdictions (not limited to Hong Kong) when providing services to investors from mainland China.

According to Jinshi reports, the President of the Hong Kong Monetary Authority, Yu Weimen, stated in a media interview that Anchor Technology is expected to launch a stablecoin by mid-year and will begin trial use in a few weeks.HSBC is expected to launch a stablecoin in the third to fourth quarter of this year, with different application scenarios; Anchor Technology focuses on cross-border payments, while HSBC emphasizes retail payment scenarios. Yu Weimen emphasized that Hong Kong will continue to attract global capital inflows.

HSBC Global Custody Products General Manager Gu Zhongyi stated that the plan considers offering non-HKD denominated stablecoins, which are expected to optimize cross-border transfer services in Hong Kong and other regions once implemented; at the same time, HSBC is also considering integrating other regulated stablecoins in Hong Kong.Gu Zhongyi added that HSBC plans to launch HKD stablecoins as early as the second half of the year. The issued stablecoins will be integrated into the investment and payment processes within its own app, supporting investment in tokenized assets.