On July 12, according to Ming Pao, Hong Kong-listed Qianxun Technology announced that it will cooperate with Luhu Securities to promote the application for a Hong Kong virtual asset trading license, and will explore new business areas in RWA business innovation and the settlement application of Hong Kong stablecoins in the trade of second-hand 3C electronic products. At the same time, it will introduce Hong Kong stablecoins as a settlement payment tool to optimize the payment process and reduce cross-border payment costs and exchange rate risks. [Shenchao TechFlow]