Director of the Financial Derivation Investment Research Institute of China (Hong Kong): The digital asset market is set to experience a boom.

According to a report from Beijing Business Daily on July 8, Wang Hongying, director of the China (Hong Kong) Financial Derivatives Investment Research Institute, pointed out that the recent rise in Hong Kong stock stablecoin concept stocks is mainly driven by two factors: first, the introduction of regulations related to stablecoins by multiple overseas markets, including Hong Kong, providing a legal foundation for market development; second, stablecoins, as global digital economy innovative data assets, are bound by stable cash flow, sound operations, and Blockchain encryption technology, making corporate assets globally tradable and priceable.

Wang Hongying further stated that the world economy will face a surge in data assets, and virtual assets represented by stablecoins align with this trend, with the global trading scale expected to further expand. Brokerage firms applying for virtual asset trading licenses can enhance the valuation, pricing, and trading of virtual assets such as stablecoins against the backdrop of digital economic development, thereby leading to an increase in business and scale.