On June 9, the Hong Kong stock market's stablecoin concept stocks collectively rose at the opening, with China Renaissance Holdings rising over 16% at one point, Linklogis rising over 9%, Lianlian Digital rising nearly 5%, and China Everbright Holdings rising nearly 4%.
On June 6, the Hong Kong Special Administrative Region government published the "Stablecoin Ordinance (Commencement Date) Notice" in the Gazette, specifying August 1, 2025, as the implementation date for the Stablecoin Ordinance (Chapter 656). On June 7, Christopher Hui, Secretary for Financial Services and the Treasury, stated in a radio program that the underlying basis of stablecoins is legal tender, and in the future, they can be used as a payment function in electronic asset form through technologies like blockchain.
