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According to Deep Tide TechFlow news on August 12, Tencent News reported that Fosun International has officially confirmed its application for a Hong Kong stablecoin license. It was reported that Fosun International founder Guo Guangchang personally led the stablecoin team to meet with Hong Kong Special Administrative Region Chief Executive John Lee and Financial Secretary Paul Chan on August 6.
Fosun has formed a dedicated team for applying for stablecoin licenses. Its subsidiary Fosun Wealth, through the Xinglu Technology platform, has now made inroads into the digital asset field, including participating in the distribution of tokenized products for the money market fund launched by Huaxia Fund, and developing a Real-World Asset (RWA) tokenization platform.
According to the schedule of the Hong Kong Monetary Authority, proposed applicants can establish contact with the regulatory authority after August 1 and must formally submit their license application materials by September 30. As of the time of publication, Fosun has not commented on this.