Understanding the Market | The Stablecoin Boom Ignites Brokerage Stocks, SOUTH CHINA FIN rises over 90% in the afternoon, and CC SECURITIES increases by more than 70%
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Brokerage stocks surged significantly due to the stablecoin boom, with SOUTH CHINA FIN rising 94.2%, CC SECURITIES up 64.14%, and WELL LINK SEC gaining 49.36%. The Hong Kong "Stablecoin Regulation" will take effect in 2025, and brokerages such as Guotai Junan International have been granted permission to expand their licenses to provide virtual asset trading services. Market trading volume has rebounded, increasing the attractiveness of the securities sector, and future attention will be focused on the impact of major domestic and international events and high-level meetings
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