HASHKEY HLDGS Commits to Licensed Compliance Standards; Profit Not the Primary Focus
Listing Debut: HASHKEY HLDGS made its listing debut on October 17, 2023, with Chairman Xiao Feng emphasizing the company's strategy to use Hong Kong as a base for expansion into Asian and international markets.
Regulatory Compliance: The company has obtained 13 licenses across 6 jurisdictions and is committed to maintaining a licensed, compliant, and regulated operation.
Investment Phase: Feng highlighted that HASHKEY HLDGS is currently in the investment phase, focusing on cash flow as a key indicator of success rather than immediate profitability.
Long-term Development: The emphasis on cash flow is intended to support long-term development and capitalize on opportunities for rapid market growth.
Trade with 70% Backtested Accuracy
Analyst Views on 03887
No data
About the author
CMBI Report: China Implements RWA Regulatory Framework; Hong Kong Anticipates Growth in Demand for Quality Asset Outflows
New Regulations on Virtual Currency: Eight Chinese government departments issued a notice to further prevent risks associated with virtual currency, while the China Securities Regulatory Commission introduced guidelines for the issuance of asset-backed securities tokens, defining Real World Assets (RWA) and establishing a regulatory framework for overseas tokenization of domestic assets.
Implications of the Regulation: The new regulations clarify the distinction between virtual currency and RWA, enforce compliance based on asset classification, and promote RWA financing for domestic entities abroad, adhering to the principle of "same business, same risk, same rules."
Hong Kong's Role as a Digital Asset Center: Hong Kong is expected to benefit significantly from the demand for quality asset outflows from China, with licensed Virtual Asset Trading Platforms (VATP) positioned as key players in the RWA sector, facilitating compliant listing, custody, and trading services.
Beneficiaries of Expanded Financing Channels: The expanded overseas RWA financing channels will benefit two tiers of entities: T1 includes financial infrastructure providers and brokers with cross-border experience, while T2 consists of Hong Kong licensed VATP brokerages and trading platforms.
CMBI Report: China Implements RWA Regulatory Framework; Hong Kong Anticipates Growth in Demand for Quality Asset Outflows
New Regulations on Virtual Currency: Eight Chinese government departments issued a notice to prevent risks associated with virtual currency, while the China Securities Regulatory Commission introduced guidelines for the issuance of asset-backed securities tokens, defining Real World Assets (RWA) and establishing a regulatory framework for overseas tokenization of domestic assets.
Implications of the Regulation: The new regulations clarify the distinction between virtual currency and RWA, enforce compliance based on asset classification, and promote the overseas financing of RWAs by domestic entities, aligning them with traditional financing regulations.
Hong Kong's Role as a Digital Asset Center: Hong Kong is expected to benefit significantly from the demand for quality asset outflows from China, with licensed Virtual Asset Trading Platforms (VATP) anticipated to play a crucial role in the RWA sector's growth and normalization.
Beneficiaries of Expanded Financing Channels: The expanded overseas RWA financing channels are expected to benefit two tiers of institutions: T1 beneficiaries include financial service providers and brokers with cross-border experience, while T2 beneficiaries consist of Hong Kong licensed VATP brokerages and trading platforms.
HK-listed Stablecoin Stocks Surge This Morning Following China's Ban on Overseas Issuance of RMB-pegged Stablecoins
Regulatory Notice Issued: The People's Bank of China and several other regulatory bodies issued a notice prohibiting the issuance of RMB-pegged stablecoins overseas without prior approval, aiming to mitigate risks associated with virtual currencies.
Market Response: Following the regulatory announcement, Hong Kong-listed stablecoin and cryptocurrency-related stocks experienced significant gains, with multiple companies reporting notable increases in their stock prices and trading volumes.
Bitcoin Falls Below $76,000, Down 40% from Its Peak; OSL GROUP Drops Over 4%
Trump's Fed Chairman Recommendation: President Donald Trump has recommended Kevin Warsh as the new Fed Chairman, with the appointment expected to take effect in mid-May, as the market closely monitors interest rate trends.
Bitcoin's Decline: Bitcoin has fallen below USD76,000, marking a 40% drop from its peak last year, with a recent 1% decrease bringing it to USD77,714, while Ethereum also experienced a 5.6% decline.
Monthly Decline for Bitcoin: January saw Bitcoin drop over 10%, resulting in its fourth consecutive monthly decline, the longest losing streak since 2018.
Subdued Hong Kong Crypto Stocks: Hong Kong's crypto-related stocks have shown weakness, with several companies experiencing significant declines and notable short selling activity.
HASHKEY HLDGS (03887.HK) Shares Decrease by 0.1% to $6.67 at Close
HASHKEY HLDGS Debut Performance: HASHKEY HLDGS (03887.HK) opened at $6.7, slightly above its listing price of $6.68, and closed at $6.67, reflecting a minor decline of 0.1%.
Trading Activity: The stock experienced a trading volume of 98.92 million shares and a turnover of $665.57 million, with a peak price of $7.12 and a low of $6.12 during the day.
HASHKEY HLDGS (03887.HK) Sees 2.7% Decline, Trading at $6.5 at Midday
HASHKEY HLDGS Debut: HASHKEY HLDGS (03887.HK) opened at $6.7, slightly above its listing price of $6.68, but closed midday at $6.5, reflecting a 2.7% decline.
Stock Performance: The stock experienced a peak of $7.12 and a low of $6.12 during the trading session, with a total volume of 76.94 million shares traded and a turnover of $521.87 million.
CMBI Report: China Implements RWA Regulatory Framework; Hong Kong Anticipates Growth in Demand for Quality Asset Outflows
New Regulations on Virtual Currency: Eight Chinese government departments issued a notice to further prevent risks associated with virtual currency, while the China Securities Regulatory Commission introduced guidelines for the issuance of asset-backed securities tokens, defining Real World Assets (RWA) and establishing a regulatory framework for overseas tokenization of domestic assets.
Implications of the Regulation: The new regulations clarify the distinction between virtual currency and RWA, enforce compliance based on asset classification, and promote RWA financing for domestic entities abroad, adhering to the principle of "same business, same risk, same rules."
Hong Kong's Role as a Digital Asset Center: Hong Kong is expected to benefit significantly from the demand for quality asset outflows from China, with licensed Virtual Asset Trading Platforms (VATP) positioned as key players in the RWA sector, facilitating compliant listing, custody, and trading services.
Beneficiaries of Expanded Financing Channels: The expanded overseas RWA financing channels will benefit two tiers of entities: T1 includes financial infrastructure providers and brokers with cross-border experience, while T2 consists of Hong Kong licensed VATP brokerages and trading platforms.
CMBI Report: China Implements RWA Regulatory Framework; Hong Kong Anticipates Growth in Demand for Quality Asset Outflows
New Regulations on Virtual Currency: Eight Chinese government departments issued a notice to prevent risks associated with virtual currency, while the China Securities Regulatory Commission introduced guidelines for the issuance of asset-backed securities tokens, defining Real World Assets (RWA) and establishing a regulatory framework for overseas tokenization of domestic assets.
Implications of the Regulation: The new regulations clarify the distinction between virtual currency and RWA, enforce compliance based on asset classification, and promote the overseas financing of RWAs by domestic entities, aligning them with traditional financing regulations.
Hong Kong's Role as a Digital Asset Center: Hong Kong is expected to benefit significantly from the demand for quality asset outflows from China, with licensed Virtual Asset Trading Platforms (VATP) anticipated to play a crucial role in the RWA sector's growth and normalization.
Beneficiaries of Expanded Financing Channels: The expanded overseas RWA financing channels are expected to benefit two tiers of institutions: T1 beneficiaries include financial service providers and brokers with cross-border experience, while T2 beneficiaries consist of Hong Kong licensed VATP brokerages and trading platforms.
HK-listed Stablecoin Stocks Surge This Morning Following China's Ban on Overseas Issuance of RMB-pegged Stablecoins
Regulatory Notice Issued: The People's Bank of China and several other regulatory bodies issued a notice prohibiting the issuance of RMB-pegged stablecoins overseas without prior approval, aiming to mitigate risks associated with virtual currencies.
Market Response: Following the regulatory announcement, Hong Kong-listed stablecoin and cryptocurrency-related stocks experienced significant gains, with multiple companies reporting notable increases in their stock prices and trading volumes.
Bitcoin Falls Below $76,000, Down 40% from Its Peak; OSL GROUP Drops Over 4%
Trump's Fed Chairman Recommendation: President Donald Trump has recommended Kevin Warsh as the new Fed Chairman, with the appointment expected to take effect in mid-May, as the market closely monitors interest rate trends.
Bitcoin's Decline: Bitcoin has fallen below USD76,000, marking a 40% drop from its peak last year, with a recent 1% decrease bringing it to USD77,714, while Ethereum also experienced a 5.6% decline.
Monthly Decline for Bitcoin: January saw Bitcoin drop over 10%, resulting in its fourth consecutive monthly decline, the longest losing streak since 2018.
Subdued Hong Kong Crypto Stocks: Hong Kong's crypto-related stocks have shown weakness, with several companies experiencing significant declines and notable short selling activity.
HASHKEY HLDGS (03887.HK) Shares Decrease by 0.1% to $6.67 at Close
HASHKEY HLDGS Debut Performance: HASHKEY HLDGS (03887.HK) opened at $6.7, slightly above its listing price of $6.68, and closed at $6.67, reflecting a minor decline of 0.1%.
Trading Activity: The stock experienced a trading volume of 98.92 million shares and a turnover of $665.57 million, with a peak price of $7.12 and a low of $6.12 during the day.
HASHKEY HLDGS (03887.HK) Sees 2.7% Decline, Trading at $6.5 at Midday
HASHKEY HLDGS Debut: HASHKEY HLDGS (03887.HK) opened at $6.7, slightly above its listing price of $6.68, but closed midday at $6.5, reflecting a 2.7% decline.
Stock Performance: The stock experienced a peak of $7.12 and a low of $6.12 during the trading session, with a total volume of 76.94 million shares traded and a turnover of $521.87 million.
