According to Foresight News, Luhua Securities announced a collaboration with Hong Kong-listed company Qianxun Technology to promote the application for a virtual asset trading license in Hong Kong. The two parties will expand their business in the areas of RWA business innovation and the application of Hong Kong stablecoins in the settlement of second-hand 3C electronic product trade. Luhua Securities plans to introduce Hong Kong stablecoins as a settlement payment tool to optimize the payment process, reduce cross-border payment costs, and mitigate exchange rate risks.