Hong Kong Stock Volatility | Stablecoin Concept Stocks Active, Circle Surges 35% After Earnings, Hong Kong to Issue First Licenses Next Month

LootboxPhobia · 2026-02-26T09:13:26+00:00

CITIC Finance APP learns that stablecoin concept stocks were active in the early trading session. As of the time of reporting, Guofu Quantum(00290) rose 5.57%, trading at HKD 3.41; Lianlian Digital(02598) rose 5.21%, trading at HKD 7.67; Guotai Junan International(01788) rose 4.53%, trading at HKD 3; Yunfeng Financial(00376) rose 4.23%, trading at HKD 3.2; ZhongAn Online(06060) rose 2.48%, trading at HKD 16.12.On the news front, the first stablecoin stock Circle surged 35.34%, marking the largest single-day increase since June 5. Its latest quarterly earnings fully exceeded market expectations, and the circulating volume of stablecoin USDC increased by 72%, reaching $75.3 billion. Additionally, on February 25, Hong Kong SAR Financial Secretary Paul Chan delivered the government’s fiscal budget for the 2026-2027 fiscal year in the Legislative Council. Paul Chan stated that

LootboxPhobia

2026-02-26 09:13:26

SmartMoney Finance APP reports that stablecoin concept stocks were active in the early trading session. As of the time of writing, Guofu Quantum (00290) rose 5.57% to HKD 3.41; Lianlian Digital (02598) increased 5.21% to HKD 7.67; Guotai Junan International (01788) gained 4.53% to HKD 3; Yunfeng Financial (00376) went up 4.23% to HKD 3.2; ZhongAn Online (06060) rose 2.48% to HKD 16.12.

On the news front, the first stablecoin company Circle surged 35.34%, marking the largest single-day increase since June 5. Its latest quarterly earnings significantly exceeded market expectations, and the circulation of stablecoin USDC increased by 72%, reaching $75.3 billion. Additionally, on February 25, Hong Kong SAR Financial Secretary Paul Chan delivered the 2026-2027 fiscal year government budget in the Legislative Council. Chan stated that Hong Kong has implemented a licensing system for fiat-backed stablecoin issuers and will issue the first batch of licenses next month. The government and financial regulators will continue to promote licensed issuers to explore more application scenarios within compliance and risk control.

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