Odaily Planet Daily News shows that Bank of China (Hong Kong) rose by more than 8% in early trading to HK$38.2, setting a record high and a market value of over HK$400 billion.

Hong Kong media reports that after a joint venture led by Standard Chartered (Hong Kong) formally expressed its intention to apply for a license, Bank of China (Hong Kong) plans to apply for a stablecoin issuer license and strive to be among the first issuers approved. The deadline for the first batch of applications is the end of September.