ZA ONLINE Jumps 7% as China Reportedly Weighs Launching RMB-Backed Stablecoins
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 21 2025
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Source: aastocks
China's RMB Development: China is expected to approve a new roadmap for the development of the Renminbi (RMB) later this month, potentially including the launch of an RMB-pegged stablecoin to enhance its global usage.
Market Reaction: The news has led to a rally in stablecoin concept stocks, with notable increases in share prices for companies like ZA ONLINE and GUOTAI JUNAN I.
Stock Performance: ZA ONLINE saw a significant rise, trading at HKD20.1, while GUOTAI JUNAN I also experienced gains, closing at HKD5.44.
Short Selling Data: Various stocks showed substantial short selling activity, indicating investor speculation on future price movements amidst the anticipated developments in RMB policy.
Analyst Views on 00165
Wall Street analysts forecast 00165 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00165 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: 10.500
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Current: 10.500
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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.
