Beware of the risks behind the "monster stocks" in the Hong Kong stock market.

Recently, under the craze of stablecoins, many small-cap stocks in the Hong Kong stock market have surged and plunged, attracting the attention of investors. Although the recent Hong Kong stock market has been in a consolidation phase, there are still suspected "monstrous stocks" that double their stock prices in a single day or even increase by more than 5 times. These stocks share similar characteristics: small market value, concentrated ownership, and a lack of long-term funding attention in the past. Industry insiders caution that while many companies are planning to apply for Hong Kong stablecoin licenses, there is still significant controversy within the industry about the profit model of stablecoin issuers and their related partners, and investors should be cautious in verifying the value of relevant individual stocks.