Today, Hong Kong stocks related to digital currencies collectively rose. What happened?

On June 2, in the Hong Kong stock market, stocks related to digital currency collectively surged. Lianlian Digital rose by 80% at one point, Mika rose by nearly 50%, and Okai Cloud Chain rose by over 45%. By the closing bell, Lianlian Digital's increase still exceeded 60%, Okai Cloud Chain rose by over 40%, Mika rose by nearly 40%, and Zhongan Online rose by nearly 10%. From a policy perspective, the recent positive news in the digital currency industry has been continuous, especially with the emergence of stablecoins as a new focus of the global financial market. The Hong Kong Special Administrative Region government published the "Stablecoin Regulations" in the official gazette on May 30, meaning that the regulations have officially become law. Previously, on May 21, the Hong Kong Legislative Council passed the "Stablecoin Regulations Bill". These actions signify an important step taken by Hong Kong, China in the field of digital assets. According to the current progress, compliant Hong Kong stablecoins are expected to be officially launched by the end of this year. In addition, the United States is also accelerating the promotion of stablecoin regulatory legislation. Some brokerage houses pointed out that stablecoins are entering a new period of accelerated regulation and will be considered important financial innovation tools. It is expected that they will continue to receive policy support, and the industry's development space will further expand.