HK Stock Market Move | Stablecoin concept stocks surged in the afternoon. Guotai Junan International (01788) skyrocketed by 48% at one point. The Hong Kong Monetary Authority announced its first batch of stablecoin licenses at 5 p.m.

Concept stocks related to stablecoins surged in the afternoon, with GUOTAI JUNAN I (01788) surging by 48% at one point. As of the time of writing, GUOTAI JUNAN I has risen by 40.08%, trading at 3.39 Hong Kong dollars; VICTORY SEC (08540) has risen by 10.63%, trading at 5.1 Hong Kong dollars; YUNFENG FIN (00376) has risen by 9.79%, trading at 3.21 Hong Kong dollars; LIANLIAN (02598) has risen by 7.97%, trading at 6.77 Hong Kong dollars; OSL GROUP (00863) has risen by 4.9%, trading at 14.78 Hong Kong dollars. In terms of news, according to Daily Economic News, the Hong Kong Monetary Authority will announce the first batch of stablecoin licenses on April 10 at 5 pm, followed by a meeting with the licensed stablecoin issuers and the media. Previously, the Hong Kong Monetary Authority had completed the final review of the first batch of applications in mid-March 2026, and is currently in the official publicity preparation stage. The HKMA has received a total of 36 applications, and plans to issue 2 to 3 licenses in the first batch, with strict regulatory standards. In early February this year, the Chief Executive of the HKMA, Eddie Yue, stated that they are aiming to issue the first batch of stablecoin issuer licenses in Hong Kong by March this year, emphasizing, "The number of licenses issued in the first batch will definitely not be many, with prudence as the goal."