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According to the Science and Technology Innovation Board Daily, Baidu Group's stock price strengthened today, rising over 8%. It is understood that Baidu's Kunlun Core plans to go public in Hong Kong, with a target valuation of about 50 billion USD. Insiders revealed that Tencent has become a customer of Kunlun Core, and ByteDance is also considering adopting its AI chips. Currently, the Kunlun Core P800 has completed large-scale verification, and since 2025, it has delivered multiple ten-thousand-card clusters and completed important version training of Wenxin 5.1 on national production clusters.

According to Xinhua News Agency, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, stated in a blog post on the 28th that Hong Kong is not only an important channel for attracting investment but also a "key link" for mainland enterprises and products to go international, as well as a "converter" for standards and regulations between technological innovation and the international market.Paul Chan indicated that under the national "dual circulation" development strategy, Hong Kong's internationalization advantages can effectively assist mainland enterprises in connecting with global markets. The mainland's outstanding scientific and technological innovation capabilities can efficiently interact with Hong Kong's internationalization advantages, helping enterprises convert research and development results into overseas orders.At the same time, Hong Kong can introduce international long-term capital for hard technology enterprises that require "patient capital," achieving "small, early, and long-term investments" to support the growth of promising technology companies and emerging and future industries. In addition, the developing Northern Metropolis of Hong Kong aligns well with the strong entrepreneurial atmosphere in places like Xi'an, creating a positive cycle of mutual empowerment among education, technology, talent, and industry.

According to Jinshi reports, the research report from Zhongtai Securities indicates that overall, the market is likely to maintain a clear bottom and a pattern of consolidation in the next week or two. After the important IPO listings, as market uncertainties settle and sentiment improves, the market is expected to welcome a rally towards previous highs/new highs. The subsequent market style will still be technology diffusion rather than style switching.Focus on technology: storage and semiconductor equipment, overseas computing power chains. Storage and semiconductor equipment are currently the most certain directions.Non-technology directions: new energy, AI-related new materials and minor metals, engineering machinery, and brokerage firms. In the new energy sector, the electricity demand driven by AI computing power expansion and the logic of going overseas constitute medium-term support. In terms of AI-related new materials, the price increase spiral for copper-clad laminates (CCL) has already begun. Brokerage firms benefit from IPO participation and active market trading, still presenting opportunities for fluctuations.

The Hong Kong government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority will grant stablecoin issuer licenses to two bank-backed institutions in April 2026. According to the existing business plans of the two institutions, the regulated stablecoins in Hong Kong are expected to be launched in the middle to the second half of this year.The Hong Kong government mentioned that the Monetary Authority has sent letters to unregulated entities operating stablecoin issuance businesses in the market explaining the legal requirements and will continue to follow up; cases may be referred to the police or the Department of Justice if necessary. The government also stated that it will submit a bill to the Legislative Council this year to establish a regulatory framework for providers of virtual asset trading, custody, consulting, and management services.

According to Hong Kong media Ming Pao, Hong Kong Legislative Council member Jan Wai-man revealed that the "2026 Taxation (Amendment) (Automatic Exchange of Information) Bill" was passed by the Legislative Council last week, and the Crypto Asset Reporting Framework (CARF) Bill has entered the review stage. Jan Wai-man stated that the tax and fines recovered by the Hong Kong government from 2018 to 2025 have exceeded 100 million Hong Kong dollars, and it is expected that an additional approximately 8,000 financial institutions will be required to register compulsorily in the future.

According to Bitcoin Magazine, the Hong Kong listed company CIMG purchased 208 BTC, with a total transaction amount of approximately 13.5 million USD.

According to Caixin, Xiao Rui, the son of former Wuhan Municipal Supervisory Commission member Xiao Jun, is suspected of receiving approximately HKD 4.72 million in bribes from mainland construction contractors on behalf of his father, and has laundered over HKD 64 million through underground money houses. On June 23, the Hong Kong Regional Court found Xiao Rui guilty of four counts of "money laundering" and one count of "using a false document," with the judge set to announce the sentence on July 23.In 2014, Xiao Rui was approved to reside in Hong Kong. That same year, he used his HSBC account to purchase two funds from Sun Life Financial for HKD 10 million to meet the investment requirements of the aforementioned immigration plan. Between January 2016 and September 2017, Xiao Rui's Standard Chartered and DBS accounts received multiple remittances, totaling over HKD 54 million.Regarding the "money laundering" charges, Xiao Rui argued in court that the large sums involved were legitimate earnings from his mother's business, given to him for investment in Hong Kong, with some funds also coming from the sale of Bitcoin. Concerning the explanation about Bitcoin, the judge rejected his testimony as Xiao Rui could not provide any basic records such as transaction dates, numbers, or wallet addresses.

According to the official announcement, Gate Stocks has officially launched 7×24 hour trading services for US stocks, Hong Kong stocks, and Korean stocks. Building on the existing pre-market, intraday, and after-hours trading, it further supports overnight and weekend trading, breaking through the traditional securities market trading time limitations. It has become one of the first platforms in the industry to offer round-the-clock trading across the three major stock markets of the US, Hong Kong, and Korea, providing users with a more flexible and efficient global stock trading experience.Currently, Gate Stocks has formed a global stock trading system covering the three core markets of US stocks, Hong Kong stocks, and Korean stocks, supporting over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, and over 1,000 Korean stocks, totaling more than 12,500 stock and ETF assets worldwide, including globally representative listed companies such as Apple, NVIDIA, Microsoft, Tencent Holdings, Xiaomi Group, Samsung Electronics, and SK Hynix. Users can participate in global stock investments through a unified account using USDT, enjoy stock dividend rights, and support fractional trading starting from as low as 0.01 shares, further lowering the threshold for global asset allocation.At the same time, Gate Stocks has fully integrated into the platform's VIP level system. Users with holdings of $2,000 or more can upgrade to VIP status, enjoying an exclusive trading fee rate of as low as 0.023% and 1V1 customer manager service. In the future, Gate will continue to expand its global market coverage and improve its multi-asset trading service system, creating a more open, convenient, and efficient one-stop investment platform for global users.

The Hong Kong Securities and Futures Commission released the "2025-26 Annual Report," showing that Hong Kong's capital market achieved significant growth across various asset classes in the past year, including investment funds, digital assets, and the stock market. Among them, the growth of tokenized investment products accelerated. As of March, the managed assets of 13 retail products approved by the Securities and Futures Commission increased nearly sixfold year-on-year, reaching HKD 10.8 billion. At the same time, the total market value of 11 virtual asset spot ETFs reached HKD 4.3 billion, a substantial increase of 90% since their launch in 2024, recognizing Asia's first Solana spot ETF. The trading volume of 12 licensed virtual asset trading platforms increased significantly by 125% within a year.

According to HK01, the Hong Kong police have cracked a cross-border money laundering case. The involved group used 43 Hong Kong bank accounts to process funds from 34 fraud cases between June and September 2024, amounting to approximately HKD 18 million, and is suspected of laundering up to HKD 230 million in criminal proceeds through cryptocurrency transactions via bank accounts.The police investigation found that a 34-year-old woman from mainland China is suspected of coming to Hong Kong to set up multiple puppet bank accounts, assisting the criminal group in laundering approximately HKD 9.29 million in criminal proceeds, and purchasing cryptocurrency through virtual asset exchange shops to disguise the source and flow of funds. The woman was sentenced to 47.5 months in prison.The Hong Kong police remind that assisting a criminal group in handling funds could face up to 10 years in prison, and those involved in money laundering could face fines of up to HKD 5 million and imprisonment for up to 14 years.

According to the official announcement, Gate stock continues to expand its global stock trading scenarios. In addition to the existing pre-market, intraday, and after-hours trading, it has now added support for overnight trading and weekend market closure trading, further expanding the coverage of trading hours and supporting 24/7 trading for US stocks, Hong Kong stocks, and Korean stocks. The first phase opens a total of 215 trading targets, including 195 popular US stocks such as Apple, Nvidia, Tesla, and Microsoft, 17 Hong Kong stocks including Tencent Holdings, Xiaomi Group, and Meituan, and 3 Korean stocks including Samsung Electronics, SK Hynix, and Hyundai Motor, further breaking the traditional securities market trading time restrictions and enhancing users' global asset allocation efficiency.

The Hong Kong Securities and Futures Commission has announced that it has listed Aurum/Aurum Foundation as a suspicious virtual asset trading platform. The Hong Kong Securities and Futures Commission stated that the company claims to be registered in Hong Kong under the Companies Ordinance and provides virtual asset, futures contracts, and derivative trading services on its relevant website, but the company is not licensed by the Hong Kong Securities and Futures Commission and is suspected of conducting unlicensed activities.

The Hong Kong Police Force's Financial Intelligence and Investigation Bureau, in conjunction with the Hong Kong Monetary Authority and the Hong Kong Association of Banks, jointly held an "Anti-Money Laundering Exhibition." Hong Kong Police Commissioner Raymond Siu disclosed data stating that in the first quarter of this year, Hong Kong recorded over 9,400 fraud cases, a decrease of about 60 cases compared to the same period last year, but the amount of losses exceeded HKD 1.85 billion, an increase of nearly HKD 300 million compared to the same period last year. In the first quarter of this year, about 2,000 people were arrested for fraud and money laundering-related cases, with approximately 70% being "puppet account" holders.The Hong Kong police remind that under the law, a conviction for money laundering can result in a maximum fine of HKD 5 million and imprisonment for 14 years, and the court may apply for an increased sentence depending on the circumstances.

Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) today announced the launch of a joint pilot project to explore new digital payment solutions for trading during after-hours sessions in the derivatives market. This pilot project aims to optimize Hong Kong's capital markets and meet the growing demand for after-hours trading sessions. HKEX and HKMA are studying the introduction of "digital Hong Kong dollar"—a wholesale central bank digital currency (CBDC) operating on a 24/7 model—for the payment of pre-paid margins during after-hours trading sessions, to enhance the risk management capabilities of the derivatives market outside of banking hours while maintaining existing operational processes.

According to the Financial Times, informed sources revealed that JPMorgan Chase has stopped its Hong Kong employees from accessing Anthropic's AI models. Currently, the bank's Hong Kong employees can no longer call models like Claude from the internally approved large language model dropdown list.It is reported that this decision is primarily based on the specific wording of the usage terms in the licensing agreement between JPMorgan Chase and Anthropic. According to the relevant terms, the usage scope of Anthropic's models excludes the Greater China region (including Hong Kong). Earlier this year, Goldman Sachs also implemented similar access restrictions for its Hong Kong employees based on a strict interpretation of these terms.Although international institutions previously could usually circumvent regional restrictions by signing global contracts and hosting data overseas, compliance actions among Wall Street banks are tightening as the U.S. government and regulatory agencies increasingly scrutinize the overseas use of AI technology. Anthropic has previously made it clear that its Claude model has never been officially "supported" in Hong Kong.

Gate's Hong Kong stock trading targets have further expanded to over 1,500, continuously enriching the coverage of listed assets on the Hong Kong Stock Exchange based on the original more than 1,000. This aims to enhance global stock market access capabilities. Users can directly trade Hong Kong Stock Exchange listed stocks through the stock entry, participate in pre-market and after-hours trading, and conveniently invest in Hong Kong stocks using USDT, without the need to open a traditional brokerage account or exchange for Hong Kong dollars, significantly lowering the participation threshold for global investors. Gate's Hong Kong stock trading service has achieved comprehensive coverage on both App and Web, and the Gate App needs to be updated to version 8.23.5 or above.This expansion covers high market capitalization and liquid quality listed companies on the Main Board and Growth Enterprise Market, improving the asset structure of Hong Kong stocks. At the same time, Gate has formed a multi-layered product system that includes Pre-IPOs, direct IPO (IPO Access), and secondary market trading, providing users with a new channel to participate in the subscription of global popular companies' listings.

According to The Wall Street Journal, China's lifestyle and video sharing platform Xiaohongshu plans to go public in Hong Kong as early as the end of this year, with major investors seeking to value it at over $70 billion. Previously, the company was valued at over $50 billion in recent private secondary market transactions.

According to BBX data, yesterday's interest rate hike in Japan coincided with the Federal Reserve's decision window, creating the most intense macroeconomic shock point of the week. The latest results of institutional stablecoin research were released on the same day, with the core dynamics as follows:Metaplanet Inc. (TSE: 3350), as the largest corporate BTC reserve holder in Asia and the third largest publicly traded company holding Bitcoin globally (holding 40,177 BTC at an average price of about $104,000, with a target of 100,000 BTC by the end of 2026), faced a dual-edged sword pressure from the exchange rate yesterday: after the Bank of Japan announced a 25 basis point increase in the policy interest rate to 1.0%, the yen strengthened, superficially lowering the book value of BTC denominated in yen, but Bitcoin subsequently rose against the trend (CoinDesk's headline on the same day: "Bitcoin rallies after Japan rate increase"), with actual improvements in USD-denominated holdings. The company's current holdings are approximately $2.64 billion (estimated at $65,750/BTC), with the latest capital move being the issuance of 8 billion yen (about $55 million) for the 20th bond (EVO FUND) on April 24 for additional BTC purchases. Analysts warn that if the BOJ's interest rate hike triggers large-scale unwinding of "Yen Carry Trade," global risk assets including BTC may suffer systemic deleveraging shocks—however, Metaplanet holds physical BTC rather than leveraged positions, with its main risk being the exchange rate conversion effect rather than forced liquidation.OSL Group (Hong Kong Stock Exchange: 0863.HK) and the School of Business at the Hong Kong Polytechnic University jointly released a white paper on June 16 (The Block included it on the same day at 9:01 am EDT), titled "Cross-Border Trade Payments Will Drive the Adoption of Regulated Corporate Stablecoins." The core conclusion is that the demand for corporate-level cross-border trade payments is the main path to drive the large-scale adoption of regulated stablecoins, with importance surpassing retail consumption scenarios. OSL Group holds the Hong Kong Securities and Futures Commission licenses 7 (automated trading services) and 1 (securities trading), making it one of the few compliant exchanges globally with both institutional custody and practical experience in stablecoin settlement. Previously, it provided institutional clients with approximately $130 million in USDGO stablecoin settlement services in April 2026. This white paper provides an industrial basis for the stablecoin policy framework of Hong Kong's financial regulatory authorities, and, together with Visa's stablecoin settlement of $7 billion annualized scale, SoFi SoFiUSD's launch, and Western Union's USDPT layout, constitutes multiple points of evidence accelerating the global adoption of corporate stablecoins.

According to Caixin, Standard Chartered's Head of Financial and Strategic Clients for Hong Kong, Greater China, and North Asia, Zeng Jizhi, stated that Standard Chartered is studying the feasibility of establishing its own gold storage in Hong Kong and is considering different site options.If the plan materializes, Hong Kong is expected to become the first market where Standard Chartered Group establishes its own gold storage, and it would be one of the few banks to have its own storage in Hong Kong. Currently, Standard Chartered has already provided physical gold trading and related options financing services to Commercial and Investment Banking (CIB) clients. If the self-established gold storage is established, it could extend services to comprehensive gold trading services, including executing transactions, settlement, and storage.