Fosun Makes Power Play for Hong Kong Stablecoin License Amid Regulatory Shake-Up

Hong Kong's crypto landscape just got a heavyweight contender.

Fosun—China's sprawling conglomerate with tentacles in healthcare, finance, and now blockchain—is gunning for a stablecoin issuer license under the city's freshly minted regulatory framework. Because what's a trillion-dollar investment firm without its own digital cash printer?

The regulatory gold rush

Hong Kong's Securities and Futures Commission (SFC) rolled out its stablecoin oversight rules last quarter, and suddenly every corporate shark smells blood in the water. Fosun's move signals institutional players are done spectating—they want in on the dollar-pegged action.

Why stablecoins?

With Tether's $110B market cap taunting traditional finance, who wouldn't want a slice of that frictionless, 24/7 money machine? Fosun's pivot suggests even old-money giants now see crypto rails as critical infrastructure—not just gambling chips for retail degens.

One banking exec quipped: 'First they ignore you, then they lobby you, then they launch a competitor.' The stablecoin wars just got interesting.

No Official Announcement from Fosun

So far, neither Hong Kong officials nor Fosun has officially announced the discussions or any formal application for a license. It is therefore still uncertain what the company’s plans are. Others consider this a major opportunity for the digital assets market in the region, while others are cautious given the absence of official announcements.

If Fosun moves ahead and receives confirmation, it could become a model for how traditional businesses enter the regulated crypto space in Hong Kong and possibly set the tone for future market growth.

Further, this development also comes amid rising corporate interest in Hong Kong’s stablecoin opportunities. Recently, Animoca Brands, Standard Chartered Bank (Hong Kong), and HKT have teamed up to launch Anchorpoint Financial Limited, a venture focused on issuing licensed stablecoins under Hong Kong’s new Stablecoins Ordinance. 

Such initiatives are reflective of growing institutional confidence in Hong Kong’s regulatory framework and market potential. 

Also Read: China Tells Brokers to Halt Stablecoin Seminars and Reports