China Everbright Holdings surged in Hong Kong. The blockchain financial company Circle, which it previously invested in, will be listed on the US stock market.

China Everbright Holdings saw the largest increase in Hong Kong, up nearly 17%, reaching its highest level since October last year. Stablecoin issuer Circle is set to go public on the U.S. stock market on Thursday. In 2016, Circle received a joint investment from China Everbright Holdings and IDG Capital. As of the end of morning trading, China Everbright Holdings rose 15.5%. Concept stocks of stablecoins in the Hong Kong stock market also saw a consecutive increase of 6.2%.