Fosun Confirms Application for Hong Kong Stablecoin License, Guo Guangchang Leads Team to Meet with Hong Kong Chief Executive

BlockBeats News, August 12th, according to Tencent News, Fosun has confirmed its application for a stablecoin license in Hong Kong and has formed a complete stablecoin license application team. On August 6th, Fosun founder Guo Guangchang personally led the core stablecoin team under Fosun and other senior executives to separately meet with Carrie Lam, the Chief Executive of the Hong Kong Special Administrative Region, and Paul Chan, the Financial Secretary of the Hong Kong Special Administrative Region.

Through its subsidiary Fosun Wealth, Fosun has already made progress in the digital asset field through the Starpath Technology platform, including participating in the distribution of a money market fund tokenization product launched by Huaxia Fund, and developing a Real World Asset (RWA) tokenization platform.

According to the Hong Kong Monetary Authority's timeline, institutions planning to apply can establish contact with the regulatory authority after August 1st and must formally submit the license application materials by September 30th. As of the time of publication, Fosun has not commented on this matter.