Golden Finance News: Today, the Hong Kong stock market of Ant Financial Services Group witnessed a significant upward trend. Among them, Yunfeng Finance performed particularly well, with its share price surging by as much as 98% during trading. As of the time of publication, the increase remained at 48%. Yao CAI Securities Finance also showed a strong upward trend, with an increase of more than 10%.
The recent sharp rise of Ant Financial’s concept stocks in Hong Kong is closely related to the recent developments of Ant International. In terms of news, in response to the report in the “Science and Technology Innovation Board Daily” that Ant International will apply for stablecoin licenses in Hong Kong, China and Singapore, Ant International stated that it is accelerating investment and expanding cooperation in the global Treasury management field, and plans to apply AI, blockchain and stablecoin innovations to real and reliable large-scale scenarios. At the same time, Ant International welcomed the passage of the Stablecoin Bill by the Legislative Council of Hong Kong and clearly stated that it will submit its application as soon as possible after the bill comes into effect on August 1 and the relevant channels are opened.
Industry analysts point out that Ant International’s active layout in the stablecoin field has filled the market with imagination about the future development of the Ant Financial concept Hong Kong stock. As an important component of the blockchain and cryptocurrency field, the compliant development of stablecoins will bring new business growth points to Ant International and also inject strong upward momentum into related Hong Kong-listed companies. As the application process for Ant International’s stablecoin license progresses, the market performance of Ant Financial’s concept Hong Kong stocks may continue to be the focus of investors’ attention in the future.
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