HK Stock Market Move | DL HOLDINGS GP(01709) rises more than 7%; Hong Kong expected to issue stablecoin license later this year, the company plans to launch virtual asset trading services in early next month.

DL HOLDINGS GP (01709) rose more than 7%, as of the time of publication, it was up 6.77% to HK$2.05, with a turnover of HK$92.2556 million. On the news front, on January 20th during the Davos time, Hong Kong Financial Secretary Paul Chan Mo-po stated at the World Economic Forum annual meeting that Hong Kong, as an international financial center, is taking a proactive and prudent approach to develop digital assets and promote market responsibility and sustainable development with the principles of "same activities, same risks, same regulations". Since 2023, Hong Kong has issued licenses to 11 virtual asset trading platforms, and is expected to issue stablecoin licenses later this year. Previously, according to the DL HOLDINGS GP's plan, its wholly-owned subsidiary Delin Securities (Hong Kong) is actively advancing the system integration and testing work with licensed virtual asset trading platforms recognized by the Securities and Futures Commission, and is expected to fully launch virtual asset trading services in February 2026. Recently, Delin Securities has received conditional approval from the Securities and Futures Commission to provide virtual asset advisory services, pending the acceptance of certain conditions by Delin Securities under its existing Type 4 (advising on securities) regulated activities license.