Bank of China Hong Kong's Intraday Surge of Over 8% Sets New All-Time High, Plans to Apply for Stablecoin Issuer License

By: theblockbeats.news|2025/09/01 11:22:25

BlockBeats News, September 1st, according to market information, Bank of China Hong Kong surged more than 8% in early trading, reaching 38.2 Hong Kong dollars, setting a new all-time high and a market value exceeding 400 billion Hong Kong dollars.

Hong Kong media reported that after the joint venture company led by Standard Chartered Hong Kong officially stated its intention to apply for a license, Bank of China Hong Kong plans to apply for a stablecoin issuer license and strives to become one of the first approved issuers. The deadline for the first batch of applications is the end of September. (Wall Street View)

-- Price

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

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