A big event has occurred with #香港加密概念股 ! A state-owned securities firm has obtained a crypto license, and Hong Kong stocks surged 160% in one day. What signal does this send?
Yesterday (June 25), the Hong Kong stock market witnessed an extremely rare scene: Guotai Junan International surged to HKD 3.7 during trading, closing with a rise of 160%, and trading volume exploded nearly 40 times!
The catalyst for all this was a license — a virtual asset trading platform participation license issued by the Hong Kong Securities and Futures Commission.
Many people's first reaction was: what groundbreaking action did it take? Building its own platform? A compliant exchange?
In fact, it is not; it simply connected with the local licensed exchange HashKey Exchange to provide virtual asset trading channel services for clients. Essentially, it is still a channel-type broker.
So the question arises: how can a broker that does not engage in matching or issue tokens rise more than 160% in one day?
1. The background is ridiculously strong: it is the 'national team'.
The essence of this sentiment boils down to one question: 'Whose child is it?'
The major shareholder of Guotai Junan International is Guotai Haitong Group (holding 74%), which is a merger of Guotai Junan and Haitong Securities, both of which are among the most powerful securities firms in China, ultimately controlled by the Shanghai State-owned Assets Supervision and Administration Commission.
In other words, this is not some Web3 startup; this is a real 'national team broker' entering the Hong Kong crypto market!
This background has sparked extensive speculation in the market. Is China about to change its approach to the crypto chess game?
A few insights for investors in the crypto space:
Short-term sentiment is strong, beware of volatility: although sentiment has driven stock prices to surge, there may also be sharp corrections afterward. Don’t FOMO, don’t chase highs.
Pay attention to the overall direction of policies: Hong Kong is the pioneer: from stablecoin sandboxes to RWA pilots, Hong Kong is becoming a 'controllable and compliant' crypto testing ground at the national level.
The trend of integrating traditional finance with crypto assets is irreversible: this time it’s not just the crypto space speculating on concepts; mainstream finance is laying out its strategy.
To catch future trends, one cannot ignore every policy signal.
Follow me for frontline policy interpretations, market analysis, and industry trends, to help you understand the grand integration of traditional finance and crypto.
The next big highlight is likely to be in stablecoins or RWAs. If you’re not paying attention now, when will you?