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On September 1, it was reported that after the joint venture company led by Standard Chartered Hong Kong officially expressed its intention to apply for a license, BOCHK plans to apply for a stablecoin issuer license and strive to become the first batch of issuers to be approved. The deadline for the first batch of applications is the end of September. BOCHK and the HKMA declined to comment.
Bank stocks in Hong Kong stocks rose intraday, Postal Savings Bank (01658.HK) rose more than 5%, Construction Bank (00939.HK), Agricultural Bank of China (601288.SH) rose nearly 4%, Industrial and Commercial Bank of China (01398.HK) rose more than 3%, Bank of Communications (03328.HK), Bank of China Hong Kong (02388.HK), Minsheng Bank (01988.HK) rose more than 2%.
HKMA today announced the establishment of the Ensemble Project Framework Working Group. It is reported that the working group is composed of cross-disciplinary industry representatives, covering regulators, international organizations, academia, local and multinational banks, key players in the digital asset industry and technology companies. Initial members include the HKMA, the Securities and Futures Commission, the Hong Kong Centre under the BIS Innovation Hub, the CBDC Expert Group and seven...
