As HK Stablecoins Ordinance Takes Effect Today, Related Concept Stocks Plunge; BRIGHT SMART, YUNFENG FIN, GUOTAI JUNAN I, OSL GROUP Slip 7-15%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2025
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Source: aastocks
Stablecoins Ordinance Implementation: The Stablecoins Ordinance in Hong Kong is now effective, with S&P predicting that large tech firms and banks will likely be the first licensed institutions, while also noting that stablecoins present both challenges and opportunities for the banking sector.
Market Reaction to Stablecoin Stocks: Following the ordinance's implementation, previously hyped stablecoin concept stocks in Hong Kong experienced significant declines, with major drops observed in companies like BRIGHT SMART and YUNFENG FIN.
Analyst Views on 00376
Wall Street analysts forecast 00376 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00376 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 3.610
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Current: 3.610
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
