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China’s suppressed crypto demand is spilling over into these stocks

Pelican Press

By Pelican Press,
in World News

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China essentially banned cryptocurrencies years ago. Now that pent-up demand is finding an outlet in Hong Kong markets as local regulators eye the potential of stablecoins. Hong Kong-traded shares of Guotai Junan International nearly tripled in price Wednesday after becoming the first mainland ********-backed securities brokerage to obtain a license for virtual currency trading in Hong Kong .

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