According to Foresight News, Lu Hua Securities announced a collaboration with the Hong Kong-listed company Qianxun Technology to advance 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. Lu Hua Securities plans to introduce Hong Kong stablecoins as a settlement payment tool to optimize the payment process and reduce cross-border payment costs and exchange rate risks.