Hong Kong Stablecoin Concept Stocks Tumbled. BRIGHT SMART Down 17%, YUNFENG FIN Down 14%; GOLDSTREAM Down 11%

Tiger Newspress

08/01

Hong Kong stablecoin concept stocks continued to widen their losses in the afternoon, with BRIGHT SMART(01428) dropping over 17%, YUNFENG FIN(00376) falling 14%; GOLDSTREAM INV(01328) down 11%; LIANLIAN(02598) declining over 8% and Guotai Junan down 7%.

News: Hong Kong's "Stablecoin Ordinance Bill" has officially come into effect. This establishes a licensing system for fiat-backed stablecoin issuers in Hong Kong, improving the regulatory framework for virtual asset activities in Hong Kong to maintain financial stability while promoting financial innovation.

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BRIGHT SMART Down 17%, YUNFENG FIN Down 14%; GOLDSTREAM Down 11%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2025-08-01 13:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><head></head><body><p>Hong Kong stablecoin concept stocks continued to widen their losses in the afternoon, with BRIGHT SMART(01428) dropping over 17%, YUNFENG FIN(00376) falling 14%; GOLDSTREAM INV(01328) down 11%; LIANLIAN(02598) declining over 8% and Guotai Junan down 7%. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/93b67feb55a05bc327882445b69a51ab\" tg-width=\"329\" tg-height=\"573\"/></p><p>News: Hong Kong&#39;s &#34;Stablecoin Ordinance Bill&#34; has officially come into effect. 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