According to PANews, Hong Kong-listed Jinyong Investment (01328.HK) experienced a significant surge in its stock price on July 8, with an increase of over 600% at its peak, reaching a high of 15 HKD. The current trading price stands at 12.4 HKD, marking a rise of over 531%.
The surge follows the announcement of a strategic partnership between Jinyong Investment and AnchorX to explore the application of the stablecoin AxCNH. This collaboration aims to enhance the use and integration of AxCNH in various financial sectors.