Stablecoins Remain Highly Popular as Fund Subsidiaries Actively Explore

According to Jinse Finance, as overseas jurisdictions actively advance regulatory frameworks for stablecoins and the Legislative Council of the Hong Kong SAR passes the Stablecoin Bill, the gradual improvement of regulatory mechanisms has made stablecoins a focal point in the market. Recently, the announcement of Guotai Junan International upgrading its virtual asset trading service license directly fueled a surge in stablecoin concept stocks, with fintech-related ETFs continuing to attract capital. Reporters have learned that within the stablecoin ecosystem, some Hong Kong subsidiaries of public funds are making intensive preparations. China Asset Management (Hong Kong) has participated in stablecoin sandbox testing, covering key aspects such as stablecoin issuance, payments, asset integration, and fund subscription and redemption. In addition, some fund subsidiaries are expanding their virtual asset business teams, responsible for the design and issuance of virtual asset-related products, as well as building product structures related to virtual assets and stablecoins. (China Securities Journal)