Affected by Ant Group's application for stablecoin license in Hong Kong, Hong Kong stocks related to Ant Financial rose sharply

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On June 12, Ant Group concept stocks in the Hong Kong stock market surged significantly, with Cloud Ventures Financial (00376.HK) soaring 98% at one point and currently up 53%, Lion Teng Holdings (02562.HK) rising nearly 15%, and Success Securities (01428.HK) climbing over 12.5%.

Previously, it was reported that Ant Group will apply for stablecoin licenses in Hong Kong and Singapore. Ant Group responded that they will submit the application as soon as possible after the relevant channels in Hong Kong are opened. (Jin Shi)

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