Hong Kong Stocks Move Lower | Cryptocurrency Concept Stocks Lead Declines as GUOTAI JUNAN I (01788) Falls Over 5% Amid Reports of China CSRC Halting RWA Tokenization Pilot

Stock News

09/23

Cryptocurrency concept stocks led the decline in Hong Kong trading. As of press time, OKG TECH (01499) fell 5.13% to HK$0.37; GUOTAI JUNAN I (01788) dropped 4.51% to HK$4.87; and OSL GROUP (00863) declined 4.45% to HK$15.25.

On the news front, media reports indicate that China's Securities Regulatory Commission has recently made informal requests for certain brokers to suspend real-world asset (RWA) tokenization business in Hong Kong to strengthen risk management and ensure issuances have genuine backing.

Hong Kong is actively building itself as a digital asset hub, while China has banned cryptocurrency trading and mining since 2021, and last month requested major brokers to halt stablecoin research publications.

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