TechFlow, on August 12, according to Tencent News, Fosun International has officially confirmed its application for a Hong Kong stablecoin license. It was reported that Guo Guangchang, founder of Fosun International, personally led the stablecoin team on August 6 to meet with Hong Kong Special Administrative Region Chief Executive John Lee and Financial Secretary Paul Chan.
Fosun has established a dedicated team for the stablecoin license application. Through its Starpath Technology platform, Fosun Wealth—under the Fosun group—has already made moves in the digital asset sector, including participating in the distribution of a tokenized money market fund product launched by China Asset Management, as well as developing a real-world asset tokenization (RWA) platform.
According to the Hong Kong Monetary Authority's timeline, institutions planning to apply may initiate contact with regulators after August 1 and must formally submit their license application materials by September 30. As of publication time, Fosun has not provided any comment.
