--- title: "Hong Kong Stock Movement: OSL GROUP fell 16.54%, the approval of the stablecoin license raised market concerns and volatility" type: "News" locale: "en" url: "https://longbridge.com/en/news/282476997.md" description: "OSL GROUP fell 16.54%; Hong Kong Stock Exchange fell 1.71%, with a transaction volume of HKD 459 million; Jiufang Zhitu Holdings fell 3.41%, with a transaction volume of HKD 35.62 million; HASHKEY HLDGS fell 9.44%, with a transaction volume of HKD 8.01 million; BaiRong Cloud-W fell 5.28%, with a market value of HKD 3.387 billion" datetime: "2026-04-13T02:48:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282476997.md) - [en](https://longbridge.com/en/news/282476997.md) - [zh-HK](https://longbridge.com/zh-HK/news/282476997.md) --- # Hong Kong Stock Movement: OSL GROUP fell 16.54%, the approval of the stablecoin license raised market concerns and volatility **Hong Kong Stock Movement** OSL GROUP fell 16.54%. Based on recent key news: 1. On April 10, OSL GROUP obtained one of the first stablecoin issuer licenses in Hong Kong. This move is seen as an important progress in Hong Kong's regulation of digital assets, and OSL GROUP stated it will continue to promote industry compliance. However, market concerns about the strictness of stablecoin regulation and future uncertainties may lead to stock price fluctuations. 2. On April 10, the Hong Kong Monetary Authority held a technical briefing for stablecoin issuers. Although OSL GROUP was listed as one of the licensed companies, the market expressed concerns about the number of stablecoin licenses issued and strict regulation, which may affect investor confidence. 3. On April 10, OSL GROUP emphasized its compliance process in the global digital asset industry. Despite obtaining licenses in several countries, the market remains cautious about its future profitability and changes in the regulatory environment, leading to a decline in stock price. The tightening of digital asset regulation has intensified market volatility. **Stocks with High Trading Volume in the Industry** Hong Kong Exchanges and Clearing fell 1.71%. Based on recent key news: 1. On April 10, the Deputy Secretary for Financial Services and the Treasury of Hong Kong proposed legislative suggestions for stamp duty on RMB counter transactions to be paid in RMB at the Legislative Council's Financial Affairs Committee meeting. This move aims to align with the national policy direction of promoting RMB internationalization, which may affect the trading costs and efficiency of the Hong Kong Stock Exchange, leading to stock price fluctuations. 2. On April 10, the Hong Kong Stock Exchange announced the implementation plan for a paperless securities market system, which is expected to impact the operating costs of small brokers. Adjustments in fees under the new system may raise market concerns about increased costs, affecting stock prices. 3. On April 11, analysts maintained a buy rating on Hong Kong Exchanges and Clearing, with a target price of HKD 520. Although analysts are optimistic about Hong Kong Exchanges and Clearing, the market's reaction to recent policy changes may lead to short-term stock price fluctuations. Changes in Hong Kong Exchanges and Clearing's policies affect trading costs. Ninebot Intelligence Holdings fell 3.41%. Based on recent key news: 1. On April 10, Ninebot Intelligence Holdings recorded a transaction of 2.1368 million shares in pre-market trading, with a price of HKD 29.54 per share, the same as the previous day's closing price, totaling HKD 63.12 million. This large transaction may attract market attention, leading to stock price fluctuations. Source: Economic Information Daily. The Hong Kong stock market has been volatile recently, and investors should be cautious. HASHKEY HLDGS fell 9.44%. Based on recent key news: 1. On April 10, HashKey completed an investment in Vietnam's CAEX with OKX Ventures, meeting the regulatory pilot requirements in Vietnam. This move is seen as an important step for HashKey's expansion in the Southeast Asian market; however, the market doubts its short-term profitability, leading to a decline in stock price. Source: CoinDesk 2. On April 10, the Hong Kong Monetary Authority announced the issuance of the first batch of stablecoin licenses. The market showed enthusiasm for financial stocks, but HashKey failed to benefit from this, putting pressure on its stock price. Source: Jinse Finance On April 10th, market expectations for Middle Eastern capital inflows into Hong Kong heated up; however, HashKey failed to achieve significant capital inflows under this backdrop, resulting in poor stock performance. Source: Jinse Finance Middle Eastern capital inflows into Hong Kong benefit the AI industry. **Stocks ranked at the top of the industry market capitalization** Bairong Cloud-W fell by 5.28%. Based on recent key news: 1. On April 13th, Bairong Cloud showcased its transformation of AI capabilities, emphasizing the integration of AI into enterprise-level strategies. This move demonstrates the company's innovation in the AI field, but the market still harbors doubts about its short-term profitability, leading to a decline in stock price. 2. On April 13th, Bairong Cloud's risk disclosure document mentioned that changes in customer demand and government policies could impact the company's performance. This increased market uncertainty regarding the company's future profitability, further pressuring the stock price. 3. On April 13th, the chairman of the Harvard Business School MBA program visited Bairong Cloud, showcasing its AI agent management system. Although this move enhanced the company's image, it failed to immediately boost market confidence, and the stock price continued to be under pressure. The innovation in the AI industry is accelerating, while policy risks are increasing ### Related Stocks - [00863.HK](https://longbridge.com/en/quote/00863.HK.md) ## Related News & Research - [OSL Substantial Shareholder Liu Shuai Lifts Stake to Nearly 29%](https://longbridge.com/en/news/279171432.md) - [Does OSL’s Stablecoin Compliance Push Reshape Its Long-Term Role in Hong Kong’s Crypto Hub (SEHK:863)?](https://longbridge.com/en/news/282766407.md) - [The Real Game Behind Hyperliquid Stablecoin Partnerships](https://longbridge.com/en/news/287037674.md) - [Pan-European stablecoin effort expands to 37 lenders in push back against U.S. dollar dominance](https://longbridge.com/en/news/287080267.md) - [Clear Legal Outlook: No Revenue, No Payment](https://longbridge.com/en/news/286876249.md)