Understanding the Market | CHINA TRAVEL HK rises over 24%, doubling its stock price this year as the market speculates on stablecoin cross-border payment scenarios
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CHINA TRAVEL HK's stock price rose over 24% again, doubling within the year, currently reported at HKD 2.07, with a transaction volume of HKD 1.251 billion. This increase is related to the Hong Kong SAR government's release of the "Digital Asset Development Policy Declaration 2.0," which aims to transform Hong Kong into a digital asset innovation center and encourages the application of stablecoins in cross-border payment scenarios. CHINA TRAVEL HK is the tourism investment and operation flagship under China Tourism Group, focusing on the development and operation of tourism resources
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