TechFlow news, July 8 — According to a report by Beijing Business Today, Wang Hongying,院长 of the China (Hong Kong) Institute of Financial Derivatives Investment, pointed out that the recent surge in Hong Kong's stablecoin-related stocks has been driven mainly by two factors: first, several overseas markets, including Hong Kong, have introduced regulations related to stablecoins, providing a legal foundation for market development; second, stablecoins, as innovative digital assets in the global digital economy, are backed by corporate stable cash flows, sound operations, and blockchain encryption technology, enabling corporate assets to be globally tradable and priceable.
Wang further stated that the global economy is poised for an explosive trend in data assets, and virtual assets represented by stablecoins align with this trend, potentially expanding global trading volumes. Securities firms applying for virtual asset trading licenses can enhance the valuation, pricing, and trading of stablecoins and other virtual assets amid the growth of the digital economy, thereby increasing their business scale and volume.
