According to Foresight News and Beijing Business Report, Wang Hongying, president of the China (Hong Kong) Financial Derivatives Investment Research Institute, stated that the recent continuous rise of stablecoin concept stocks in the Hong Kong stock market is mainly due to two factors. First, many overseas markets, including Hong Kong, have introduced stablecoin-related regulations, which have become an important legal basis for ensuring the steady development of the stablecoin market and attracting more institutions to enter the market. Second, as an innovative data asset in the global digital economy, stablecoins are bound by stable corporate cash flow, sound business operations, and blockchain encryption technology, making the entire corporate assets tradable and priceable globally, thus creating a favorable development trend in the stablecoin market.
Wang Hongying said, "The development of the world economy will face an explosive trend in data assets. The various digitalized virtual assets represented by stablecoins precisely align with this trend, which will lead to better trading scale for stablecoins globally. In this context, securities firms applying for virtual asset-related trading licenses can enhance the valuation, pricing, and trading of virtual assets such as stablecoins in the broader context of digital economic development, thereby bringing about business and scale growth."
