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Fosun has confirmed its application for a Hong Kong stablecoin license, with Guo Guangchang leading the delegation to meet with the Chief Executive of the Hong Kong government.
On August 12, according to Tencent News, Fosun has confirmed its application for a stablecoin license in Hong Kong and has formed a complete team for the stablecoin license application. On August 6, Fosun founder Guo Guangchang personally led key members of the Fosun stablecoin team and other executives to meet with the Chief Executive of the Hong Kong Special Administrative Region, John Lee, and the Financial Secretary, Paul Chan, in one day. Fosun's subsidiary, Fosun Wealth, through the Xinglu Technology platform, has already laid out its plans in the digital asset field, including participating in the distribution of tokenized products from the money market fund launched by Huaxia Fund, and developing a real-world asset tokenization (RWA) platform. According to the schedule of the Hong Kong Monetary Authority, proposed applicants may establish contact with the regulatory body after August 1 and must formally submit license application materials before September 30. As of the time of publication, Fosun has not commented on this.