{"id":2021,"date":"2025-12-01T03:18:56","date_gmt":"2025-12-01T03:18:56","guid":{"rendered":"https:\/\/asianforexhub.com\/?p=2021"},"modified":"2025-12-01T03:21:22","modified_gmt":"2025-12-01T03:21:22","slug":"hong-kong-stablecoin-linked-stocks-slide-after-pboc-vows-cryptocurrency-crackdown","status":"publish","type":"post","link":"https:\/\/asianforexhub.com\/id\/hong-kong-stablecoin-linked-stocks-slide-after-pboc-vows-cryptocurrency-crackdown\/","title":{"rendered":"Hong Kong Stablecoin-Linked Stocks Slide After PBOC Vows Cryptocurrency Crackdown"},"content":{"rendered":"<p>Shares of Hong Kong\u2013listed companies tied to stablecoin and digital asset businesses fell sharply on Monday after the People\u2019s Bank of China (PBOC) reaffirmed its tough stance on virtual currencies and raised fresh concerns over stablecoin-related risks.<\/p>\n\n\n\n<p>Yunfeng Financial Group (0376.HK) dropped nearly 10%, Bright Smart Securities and Commodities Group (1428.HK) slid about 7%, while OSL Group (0863.HK) fell more than 4% as traders reacted to renewed regulatory pressure.<\/p>\n\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-3f0dc19e420ff9629728d7062fe70ce4\"><a href=\"https:\/\/direct-fxpro.com\/en\/partner\/2KGB2V96C?platform=web\" data-type=\"link\" data-id=\"https:\/\/direct-fxpro.com\/en\/partner\/2KGB2V96C?platform=web\"><strong>Monitor Asia\u2019s crypto-exposed stocks in real time.<\/strong><\/a><\/p>\n\n\n\n<p>In a statement issued Saturday, the PBOC reiterated its firm position against virtual asset trading, warning of a resurgence in speculative activity and pledging to intensify enforcement against illegal actions involving stablecoins. The central bank also highlighted compliance deficiencies, stating that many stablecoin operations fail to meet required standards for customer identification and anti\u2013money laundering controls.<\/p>\n\n\n\n<p>Market participants fear heightened regulatory scrutiny could dampen sentiment across crypto-linked equities, particularly companies operating brokerage, fintech, and digital asset services in the region.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-uagb-image uagb-block-b44adf1a wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/direct-fxpro.com\/en\/partner\/2KGB2V96C?platform=web\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/11\/728\u00d790.gif ,https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/11\/728\u00d790.gif 780w, https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/11\/728\u00d790.gif 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/11\/728\u00d790.gif\" alt=\"728\u00d790\" class=\"uag-image-1707\" width=\"800\" height=\"99\" title=\"728\u00d790\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>AsianForexHub Quick View<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Hardest hit: Yunfeng Financial Group (-10%)<\/li>\n\n\n\n<li>PBOC warns of speculative activity and stablecoin compliance issues<\/li>\n\n\n\n<li>Crypto-linked financials and fintech firms lead declines<\/li>\n\n\n\n<li>Higher volatility expected across Asia\u2019s digital-asset equities<\/li>\n<\/ul>\n\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-829369c8cbc1772beecfce2a3f6da1e4\"><a href=\"https:\/\/direct-fxpro.com\/en\/partner\/2KGB2V96C?platform=web\" data-type=\"link\" data-id=\"https:\/\/direct-fxpro.com\/en\/partner\/2KGB2V96C?platform=web\"><strong>Explore Hong Kong companies with high crypto exposure. View the digital-assets sector dashboard.<\/strong><\/a><\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Hong Kong stablecoin-linked stocks slump as China\u2019s central bank renews its crackdown on virtual currencies, raising fresh regulatory concerns and pressuring crypto-exposed financial companies.<\/p>","protected":false},"author":1,"featured_media":2022,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[15,24,16,7],"tags":[],"class_list":["post-2021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-economy","category-market-news","category-news-analysis"],"uagb_featured_image_src":{"full":["https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/12\/Hong-Kong-stablecoin-stocks-slump-after-PBOC-vows-cryptocurrency-crackdown.avif",640,427,false],"thumbnail":["https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/12\/Hong-Kong-stablecoin-stocks-slump-after-PBOC-vows-cryptocurrency-crackdown-150x150.avif",150,150,true],"medium":["https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/12\/Hong-Kong-stablecoin-stocks-slump-after-PBOC-vows-cryptocurrency-crackdown-300x200.avif",300,200,true],"medium_large":["https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/12\/Hong-Kong-stablecoin-stocks-slump-after-PBOC-vows-cryptocurrency-crackdown.avif",640,427,false],"large":["https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/12\/Hong-Kong-stablecoin-stocks-slump-after-PBOC-vows-cryptocurrency-crackdown.avif",640,427,false],"1536x1536":["https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/12\/Hong-Kong-stablecoin-stocks-slump-after-PBOC-vows-cryptocurrency-crackdown.avif",640,427,false],"2048x2048":["https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/12\/Hong-Kong-stablecoin-stocks-slump-after-PBOC-vows-cryptocurrency-crackdown.avif",640,427,false],"trp-custom-language-flag":["https:\/\/asianforexhub.com\/wp-content\/uploads\/2025\/12\/Hong-Kong-stablecoin-stocks-slump-after-PBOC-vows-cryptocurrency-crackdown.avif",18,12,false]},"uagb_author_info":{"display_name":"Asian Forex Hub Newsdesk","author_link":"https:\/\/asianforexhub.com\/id\/author\/boyidzhamgmail-com\/"},"uagb_comment_info":0,"uagb_excerpt":"Hong Kong stablecoin-linked stocks slump as China\u2019s central bank renews its crackdown on virtual currencies, raising fresh regulatory concerns and pressuring crypto-exposed financial companies.","_links":{"self":[{"href":"https:\/\/asianforexhub.com\/id\/wp-json\/wp\/v2\/posts\/2021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asianforexhub.com\/id\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asianforexhub.com\/id\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asianforexhub.com\/id\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asianforexhub.com\/id\/wp-json\/wp\/v2\/comments?post=2021"}],"version-history":[{"count":1,"href":"https:\/\/asianforexhub.com\/id\/wp-json\/wp\/v2\/posts\/2021\/revisions"}],"predecessor-version":[{"id":2023,"href":"https:\/\/asianforexhub.com\/id\/wp-json\/wp\/v2\/posts\/2021\/revisions\/2023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asianforexhub.com\/id\/wp-json\/wp\/v2\/media\/2022"}],"wp:attachment":[{"href":"https:\/\/asianforexhub.com\/id\/wp-json\/wp\/v2\/media?parent=2021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asianforexhub.com\/id\/wp-json\/wp\/v2\/categories?post=2021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asianforexhub.com\/id\/wp-json\/wp\/v2\/tags?post=2021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}