Fosun International confirms application for Hong Kong stablecoin license, Guo Guangchang meets with senior Hong Kong government officials

According to Odaily Planet Daily, Fosun International has confirmed its application for a Hong Kong stablecoin license. On August 6th, Fosun International founder Guo Guangchang led the stablecoin team in meetings with Hong Kong Chief Executive John Lee and Financial Secretary Paul Chan. Fosun has established a dedicated team to advance the license application. Its subsidiary, Fosun Wealth, leveraging the Star Road Technology platform, has already ventured into the digital asset business, including participating in the distribution of tokenized money market funds issued by China Asset Management and developing a real asset tokenization (RWA) platform. According to the Hong Kong Monetary Authority, applicants can contact regulators after August 1st and must submit their application materials by September 30th. (Tencent News)