Hong Kong stocks with stablecoin concept stocks collectively rose. Huaxing Capital Holdings rose by over 16% at one point

According to BlockBeats, on June 9th, the concept stocks of stablecoins in Hong Kong stocks collectively rose at the beginning of trading. Huaxing Capital Holdings rose by over 16%, Lianyirong Technology rose by over 9%, Lianlian Digital rose by nearly 5%, and China Everbright Holdings rose by nearly 4%. On June 6th, the Hong Kong SAR government published the "Notice on the Effective Date of the Stablecoins Ordinance" in the Gazette, specifying August 1st, 2025 as the implementation date of the Stablecoins Ordinance (Chapter 656). On June 7th, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, stated on a radio program that the underlying of stablecoins is legal tender, which can be used as electronic assets in the future for payment functions through technologies such as blockchain.