Gate News message, April 13, according to Gate Market data, Hong Kong stock market’s “Token first stock,” Xunce(03317.HK), rose more than 20%, with a cumulative gain of over 625% year to date.

Gate News message, April 12, the second batch of Hong Kong compliant stablecoin license applications is underway. According to reliable sources, Futu Securities and OSL Group are both applicants for the second batch of licenses. Previously, in November 2025, 13 ministries including the People’s Bank of China issued a statement, reaffirming China’s crackdown on virtual currency trading and classifying stablecoins as virtual currency, which means stablecoins will be impossible to trade in mainland China.

Due to the Middle East situation, a certain CEX is offering its UAE employees options for temporary relocation to places such as Hong Kong and Tokyo. Although many employees choose to stay in the UAE, the company’s business operations are running normally. This move is intended to provide support for employees. At the same time, the Middle East conflict has affected the schedules of multiple crypto events and exhibitions.

Hong Kong Monetary Authority Deputy Chief Executive Officer Chen Weimin said that stablecoin issuers may choose to issue currencies such as Hong Kong dollars or renminbi based on their own discretion, but must obtain regulatory approval from the Mainland. As for the timetable for the second batch of stablecoin issuer licenses, there is no schedule yet. HSBC’s stablecoin will be integrated with PayMe and the HSBC HK App, supporting real-time transfers and person-to-merchant services.

Gate News message, on April 10, the Hong Kong Monetary Authority said it would maintain communication and engagement with the first batch of applicants that did not receive a license, as well as other institutions that apply in the future, to review these applications under uniform regulatory standards and requirements. Regarding the later issuance of stablecoin licenses and the timeline, the Monetary Authority has an open yet cautious attitude, and at this stage there is no clear inclination.

Amid the impact of the Iran war, a certain CEX offered about 1,000 temporary relocation options for its employees in the UAE, including to places such as Hong Kong. Its UAE operations remain normal, and global user services are unaffected. This move is intended to address disruptions to cryptocurrency activities caused by regional conflicts.

Gate News message, April 10, the Jiangsu Securities Regulatory Bureau issued a risk warning. Recently, some illegal intermediaries have used the gimmick of “getting listed on the Hong Kong Stock Exchange by knocking the gong” for a fee, offering services such as fake equity code and website public announcements. The relevant platforms are mostly “fake exchanges,” and they package the fake listing through forged ceremonies. Some companies take advantage of this to sell equity and pre-IPO shares to the public, which may involve illegal fundraising. Regulatory authorities remind investors: verify the qualifications of institutions through the official website of the Hong Kong Securities and Futures Commission, be wary of guaranteed-principal and high-yield promotions, do not transfer funds to individuals’ accounts or non-official platforms, and if you discover any leads, report and file a case promptly.

Gate News message, on April 10, HSBC said it welcomes the Hong Kong Monetary Authority’s issuance of a stablecoin issuance license and plans to launch a Hong Kong dollar–denominated stablecoin in the second half of 2026.

Gate News message: On April 10, the Hong Kong Monetary Authority will announce today at 5:00 p.m. the list of the first stablecoin issuer licensees. Driven by expectations of regulatory positives, Conflux (CFX) surged strongly in the short term. According to market data from a certain trading platform, CFX opened today at $0.0518, and the intraday high reached $0.0557. The gain for the day was 7.5%.

The Hong Kong Monetary Authority will announce the first batch of stablecoin licenses on April 10 in the afternoon, with an expected issuance of 2 to 3 licenses. Previously, after a rigorous review process, it received 36 applications, aiming to ensure the soundness of stablecoin issuance.