Fosun International Reportedly Applies for Stablecoin License in Hong Kong

On August 12th, Hong Kong stablecoin concept stocks surged following unconfirmed reports that Fosun International applied for a local stablecoin license, driving market fluctuations.

These stock movements highlight investor optimism amid the recent introduction of Hong Kong’s stablecoin licensing regime on August 1, influencing equities in financial services.

Fosun’s Alleged Stablecoin Moves Trigger Stock Surge

According to BlockBeats News, Fosun International allegedly assembled a team for a stablecoin license application in Hong Kong. Reports mentioned meetings with Hong Kong officials, but no primary sources verified these claims. Market data showed significant stock movements for related equities.

Market speculation around this development resulted in a surge of stock prices for companies linked to stablecoin activities. The immediate implications include increased investor attention and potential business shifts if the application goes through.

“As of August 12, 2025, there are no official statements or primary-source confirmations of Fosun applying for a stablecoin license or meeting with government officials.” — Guo Guangchang, Founder, Fosun International

Hong Kong Licensing Regime: A Turning Point for Digital Assets

Did you know? Hong Kong’s stablecoin licensing regime implemented on August 1, 2025, could parallel the EU’s regulatory impact on digital assets, potentially shaping issuer strategies and market behaviors.

Ethereum (ETH) is trading at $4,316.71 with a market cap of $521,064,547,839. It holds a 13.13% market dominance. The 24-hour trading volume reached a substantial $45,856,374,236, marking a 24.29% change. This data reflects a 0.82% increase in the last 24 hours, according to CoinMarketCap.

Experts from the Coincu research team suggest Hong Kong’s regulatory framework may increase institutional interest in compliant stablecoin offerings. Analysis indicates that market participants might align strategies to leverage these new regulatory opportunities.