Huaxi Securities: Bullish on the development prospects of stablecoin issuance, trading, cross-border payments, etc.

Huaxi Securities' research report indicates that it is optimistic about the prospects of the development of stablecoin issuance, trading, cross-border payments, and other aspects after the official implementation of the Hong Kong "Stablecoin Ordinance". It is expected that Hong Kong, China will become a global virtual asset center. In this process, domestic brokerage firms may achieve business expansion and welcome new performance growth points by upgrading licenses for their subsidiaries in Hong Kong, China.