---
title: "CHINA 33MEDIA plans to apply for a stablecoin license in Hong Kong"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/248584641.md"
description: "CHINA 33MEDIA plans to apply for a stablecoin license in Hong Kong, with funding sources including proceeds from new share placements and existing cash reserves. The Hong Kong government will implement the \"Stablecoin Ordinance\" on August 1, 2025, to regulate stablecoin activities. The board believes this is a strategic opportunity to enter the cryptocurrency field, as stablecoins will enhance payment efficiency and reduce costs. The group will continue to explore technology services, optimize payment solutions, and participate in Hong Kong's regulatory pilot program to promote the application of stablecoins"
datetime: "2025-07-15T10:30:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/248584641.md)
  - [en](https://longbridge.com/en/news/248584641.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/248584641.md)
---

# CHINA 33MEDIA plans to apply for a stablecoin license in Hong Kong

According to the announcement from CHINA 33MEDIA (08087), the group plans to apply for a stablecoin license in Hong Kong. The required funds will be allocated from the net proceeds of new shares issued under the general authorization and the company's existing cash reserves.

On June 6, 2025, the Government of the Hong Kong Special Administrative Region published the "Stablecoin Ordinance (Commencement Date) Notice" in the Gazette, designating August 1, 2025, as the date for the implementation of the "Stablecoin Ordinance" (Chapter 656) to regulate activities involving stablecoins and to establish a licensing system for regulated stablecoin activities in Hong Kong. The board of directors believes this is a rare strategic opportunity to enter the cryptocurrency field and expand and enhance the group's business.

The group has extensive experience serving a large retail customer base that has a strong demand for cross-border and local payment needs. The group believes that stablecoins can significantly improve payment efficiency and reduce payment costs. To better serve retail customers, the group has initiated preparations for applying for a stablecoin license. The group will continue to explore and launch technology services (including stablecoin payments) in Hong Kong to optimize payment solutions, enhance consumer experience, and promote the widespread application of stablecoins in retail payment scenarios.

In addition, the group plans to actively participate in Hong Kong's regulatory pilot program to promote the issuance and application of stablecoins, helping Hong Kong establish an important hub position in the global digital asset ecosystem

### Related Stocks

- [08087.HK](https://longbridge.com/en/quote/08087.HK.md)

## Related News & Research

- [Maggie Haberman Singles Out The Only White House Reporter Who Challenges Trump ‘Aggressively’](https://longbridge.com/en/news/290725585.md)
- [Intel's Apple-Driven Surge Gets A Harsh Verdict: 'It's Becoming A Meme Stock'](https://longbridge.com/en/news/290415677.md)
- [Can SpaceX Deliver Tesla-Level Returns? The Bull and the Bear Case](https://longbridge.com/en/news/290340906.md)
- [SpaceX says it's worth $1.75 trillion. The 'dean of valuation' says that's half a trillion too high](https://longbridge.com/en/news/290461810.md)
- [SpaceX CEO Elon Musk Predicts 10X Global Economic Growth By 2036 Barring World War III — But Jim Chanos Isn't Buying It](https://longbridge.com/en/news/290394210.md)