PANews July 10 news, Hong Kong stock stablecoin concept stock Guotai Junan International (01788.HK) announced today that after a preliminary review of the group's management accounts for the six months ending June 30, 2025, the expected net profit is between HKD 515 million and HKD 595 million, an increase of 161% to 202% compared to HKD 197 million in the same period last year. This growth is mainly attributed to a significant increase in the core business revenues from wealth management, corporate financing, asset management, and trading.
In addition, Guotai Junan International has become the first Chinese-funded brokerage in Hong Kong to provide a full range of virtual asset-related trading services, covering virtual asset trading, advisory services, and the issuance and distribution of related products. The Secretary for Financial Services and the Treasury of the Hong Kong SAR government, Xu Zhengyu, stated that the number of stablecoin licenses is expected to be in single digits, with the goal of issuing licenses within this year.
According to market information, today Guotai Junan International's stock price rose by 10.24%, closing at HKD 6.35.