HK Stock Market Move | LINKLOGIS-W(09959) surged over 14% as stablecoins continued to heat up, the company is a leader in the supply chain finance technology sector.

LINKLOGIS-W (09959) rose more than 14%, as of the time of publication, it had risen by 12.26%, to HKD 2.38, with a trading volume of HKD 72.0688 million. On the news front, on July 10, the Party Committee of the State-owned Assets Supervision and Administration Commission of Shanghai Municipality held a central group study meeting to discuss the development trends and coping strategies of cryptocurrencies and stablecoins. At the meeting, He Qing, Secretary and Director of the Party Committee of the State-owned Assets Supervision and Administration Commission of Shanghai Municipality, proposed to strengthen the research and exploration of digital currencies; explore the application of blockchain technology in cross-border trade, supply chain finance, asset digitization, and other areas. In addition, the "Stablecoin Regulations" released by Hong Kong will officially take effect on August 1, 2025. Huolong Securities research report stated that after the legislative supervision stage, the industry will pay more attention to the exploration and expansion of application scenarios. Soochow stated that companies that are approved for compliance licenses and have deep cooperation with stablecoin issuers are expected to benefit, and recommends focusing on companies such as Linklogis Technologies. It is reported that in 2019, Linklogis Technologies, in collaboration with Greenland Financial, obtained the Singapore digital banking license - GreenLink Bank, serving a wide range of customers in the cryptocurrency ecosystem in Singapore; on August 30, 2021, STANCHART and Linklogis established a joint venture company - Ola, to jointly create a comprehensive blockchain-driven digital trade finance platform; in 2023, Linklogis, the Bank for International Settlements (BIS), Standard Chartered Bank, and Circle Coin Technology cooperatively promoted Project DYNAM JAPAN, an asset tokenization project; in 2024, as a founding shareholder, Linklogis participated in the establishment of SuperFi Labs, an enterprise aimed at building the next generation consumer products on the chain.