CHINA 33MEDIA (08087) witnessed a dramatic intraday surge approaching 40%, settling at a 35.48% gain to HK$4.62 by press time, accompanied by turnover reaching HK$2.2767 million. Triggering this rally, the company announced on July 15 its strategic intention to pursue Hong Kong's stablecoin licensing authorization. Funding for this initiative will be drawn from net proceeds generated through a general mandate share placement combined with existing cash reserves.

This move capitalizes on Hong Kong's regulatory milestone established on June 6, 2025, when the government gazetted the Stablecoin Ordinance (Commencement) Notice. The legislation designates August 1, 2025, as the enforcement date for Chapter 656, instituting a licensing framework to oversee stablecoin operations.

Board members perceive this as an exceptional strategic gateway into the cryptocurrency domain, potentially transforming and elevating the group's business profile. Leveraging extensive experience serving mass retail clients with pressing cross-border and domestic payment needs, the company anticipates stablecoin adoption will drastically enhance transaction efficiency while reducing settlement costs.

Preparatory work for the license application is already underway, targeting improved retail service capabilities. The group further commits to exploring and deploying technical services across Hong Kong, including stablecoin payment solutions, aiming to refine payment infrastructure, elevate consumer experiences, and accelerate stablecoin integration within retail payment ecosystems.