Changes in Hong Kong stocks | Cathay Pacific Junan International (01788) fell more than 5% from the high point during the year, down more than 60%, and the central bank stated that it insisted on banning virtual currencies

The Zhitong Finance App learned that Guotai Junan International (01788) fell by more than 5%, to a low of HK$2.57, which is already more than 63% from the high of HK$7.02 during the year. As of press release, it decreased by 4.78% to HK$2.59, with a turnover of HK$153 million.

According to the news, on November 28, the People's Bank of China held a coordination mechanism meeting to combat virtual currency trading hype. The conference emphasized that virtual currency does not have the same legal status as fiat currency, is not legal, and should not be used as currency in the market. Business activities related to virtual currency are illegal financial activities; with regard to stablecoins, the conference clearly stated that currently stablecoins cannot effectively meet customer identification and anti-money laundering requirements, and there is a risk that they will be used for illegal activities such as money laundering, fund-raising fraud, and cross-border fund transfers in violation of regulations.

According to reports, Cathay Pacific Junan International announced on August 28 that Cathay Pacific Junan International Holdings Co., Ltd., a subsidiary of the Cathay Pacific Haitong Group, announced the official launch of a cryptocurrency trading service for Hong Kong investors to meet the growing needs of Hong Kong investors in the cryptocurrency market. The announcement stated that after successfully opening a cryptocurrency account, customers can immediately trade various cryptocurrencies, including Bitcoin and Ether.