BlockBeats news, on August 12, according to Tencent News, Fosun has confirmed its application for a stablecoin license in Hong Kong and has assembled a complete team for the stablecoin license application. On August 6, Fosun founder Guo Guangchang personally led key members of the stablecoin team and other senior executives to meet with the Chief Executive of the Hong Kong Special Administrative Region, John Lee, and the Financial Secretary, Paul Chan, on the same day.
Fosun Wealth, under Fosun, has made progress in the digital asset field through the Xinglu Technology platform, including participating in the distribution of tokenized money market fund products launched by Huaxia Fund and developing a Real-World Asset (RWA) tokenization platform.
According to the schedule of the Hong Kong Monetary Authority, institutions intending to apply can establish contact with regulators after August 1 and must formally submit application materials for the license by September 30. As of the time of publication, Fosun has not commented on this matter.