TechFlow, August 1 — According to Yahoo Finance, Hong Kong's Stablecoin Ordinance officially came into effect on August 1, 2025. The Hong Kong Monetary Authority (HKMA) has set a six-month transition period and is expected to issue the first stablecoin issuer license by early next year. The HKMA emphasized that licensing will require meeting three key criteria: compliance, specificity, and sustainability.
China Renaissance has announced a $100 million investment to enter the Web3.0 and digital asset sector, and plans to extend its Securities and Futures Commission (SFC) licenses (Types 1, 4, and 9) into the digital asset business scope. Shi Ziyuan, head of proprietary investments at China Renaissance, stated that the legalization of stablecoins will help attract more mainstream institutions and capital into the market, driving the development of Hong Kong's digital asset industry.
