Most stablecoin concept stocks posted gains, with DMALL (02586) up 6.09% to HK$10.46, BRIGHT SMART (01428) rising 5.85% to HK$9.95, OSL GROUP (00863) climbing 5% to HK$14.17, LINKLOGIS-W (09959) advancing 3.07% to HK$3.36, and YUNFENG FIN (00376) gaining 2.25% to HK$5.9 as of press time.

On the news front, Hong Kong Chief Executive John Lee Ka-chiu announced in his fourth Policy Address on September 17 that the Hong Kong Monetary Authority will promote commercial banks to launch tokenized deposits and advance real tokenized asset trading. Examples include using tokenized deposits to settle tokenized money market funds, assisting the government in normalizing tokenized bond issuance, and encouraging banks to strengthen risk management through regulatory sandboxes.

Everbright Securities previously noted that third-party payment institutions have been deeply embedded in the entire payment service ecosystem and play important roles in business areas such as RMB cross-border clearing and multi-currency settlement. It is expected that stablecoins will drive the global expansion of RMB cross-border payment infrastructure and diversification of application scenarios, which means third-party payment companies can expect revenue growth opportunities.