OSL stock price rose 18%, Guotai Junan's license may attract market attention to Hong Kong crypto stocks

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OSL (00863.HK) saw its stock price rise 18% to 14.6 Hong Kong dollars today, reaching a one-year high, with the market generally believing this was boosted by CICC International (01788.HK) receiving approval for a Hong Kong virtual asset license, with the latter's stock surging over 80% today. So far, only 4 listed companies hold Hong Kong Virtual Asset Trading Permits (VATP), namely OSL and CICC International from the Hong Kong stock market, and Futu Holdings (FUTU.US) and Tiger Brokers (TIGR.US) from the US stock market.

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