BiyaPay analyst: Hong Kong stocks with stablecoin concept stocks exploded, Jinyong Investment rose 140%, and Guotai Junan International rose 16%

On July 8, Hong Kong stocks of cryptocurrency and stablecoin concepts continued to rise, with impressive performance. Guotai Junan International's stock price expanded its increase to 16%, while New Fire Technology Holdings and Duodian Smart Technology rose by over 10%, and OKLink and OSL Group also increased by more than 5%. The market continued to heat up, driven by stablecoin concept stocks. Of particular note is Jingyong Investment, whose stock price surged by over 140% after reaching a strategic cooperation with AnchorX. According to the announcement, Jingyong Investment signed a strategic cooperation framework memorandum with AnchorX on July 4. AnchorX launched AxCNH, a stablecoin pegged 1:1 to offshore RMB using advanced distributed ledger technology. The two parties will focus on promoting AxCNH's application in cross-border payments and trade settlement, and further explore the development of digital asset trading platforms and investments in financial technology. For investors, the BiyaPay platform provides convenient USDT trading services for US and Hong Kong stocks, supporting real-time global stock trading without the need to apply for an offshore account, helping users capture market highlights. BiyaPay's spot and contract trading platform has zero transaction fees, offering users an efficient and transparent trading experience, and helping investors seize more opportunities in dynamic markets.