ChainThink News: On April 10, market data showed that Hong Kong stock concepts related to stablecoins continued to strengthen in the afternoon, with Cathay Junchi International (01788.HK) rising over 40%, Sitan Holdings (02562.HK) gaining more than 17%, Yunfeng Financial (00376.HK) up nearly 12%, and China Everbright Holdings (00165.HK) and Huaxing Capital Holdings (01911.HK) both surging over 8%.

Earlier reports indicated that the Hong Kong Monetary Authority would announce the first batch of stablecoin licenses at 5:00 p.m. that day, followed by media briefings from licensed stablecoin issuers.