BOC Hong Kong Shares Surge Amid Stablecoin License Plans

According to BlockBeats, BOC Hong Kong's shares rose over 8% to reach a record high of 38.2 HKD, pushing its market capitalization beyond 400 billion HKD. Reports from Hong Kong media indicate that following the announcement by a consortium led by Standard Chartered Hong Kong to apply for a license, BOC Hong Kong plans to apply for a stablecoin issuer license. The company aims to be among the first to receive approval, with the initial application deadline set for the end of September.