Citibank released a report stating that OSL Group’s 2025 performance met expectations, maintained a “Buy” rating, and set a target price of HK$21.8. The report noted that OSL’s core operating revenue surged 150%. Going forward, it will drive revenue growth through its payments business and acquisitions such as Banxa, while continuing to advance its globalization strategy.

Hong Kong’s Hong Kong dollar stablecoin licensing program has been delayed, and it has still not been approved to date. The market expects it may be pushed back to April. Regulators are focused on the applicants’ use cases and compliance, and the high bar is intended to reduce risk. HSBC, Standard Chartered, and others are potential licensees. Stablecoins will connect traditional finance with blockchain assets, and this will be tied to competition in regional digital finance.

Hong Kong police are investigating the JPEX virtual asset trading platform scam. Since September 2023, they have arrested 80 people and frozen assets worth approximately HKD 228 million. The case involves over 2,700 victims with losses exceeding HKD 1.6 billion. The police are conducting a new round of prosecutions and are still identifying the masterminds and accomplices behind the scenes.

Hong Kong police are investigating the JPEX virtual asset trading platform scam. Since September 2023, they have arrested 80 people, frozen assets worth approximately HKD 228 million, and over 2,700 victims are involved with a total amount of HKD 1.6 billion. Authorities are searching for the mastermind and accomplices.

A 39-year-old woman from Hong Kong met a man through a dating app who claimed to be an employee of a new energy company. They later developed a romantic relationship on WhatsApp. The man lured her into investing in cryptocurrency on a fraudulent platform, causing her to transfer over 5.5 million Hong Kong dollars within two months before he disappeared. Hong Kong police have received 15 similar fraud cases involving a total amount of nearly 10 million Hong Kong dollars.

Gate News Report, on March 11, the stock of AI large model company MiniMax closed up more than 22% on March 10, with a total market capitalization of HKD 382.64 billion, surpassing Baidu's HKD 332.22 billion. MiniMax founder and CEO Yan Junjie previously interned at Baidu and received the second Baidu Scholarship.

Gate News Report, March 9th, Hong Kong stock-listed crypto concept stock OSL Group Limited dropped 17.81% intraday, currently trading at HKD 12.74. OSL is Hong Kong's first publicly listed and licensed compliant cryptocurrency platform, offering reliable banking channels and institutional-grade services.

Gate News Report, March 8 — A 25-year-old mainland businessman reported being illegally confined and extorted by four mainland men at a hotel in Hung Hom, Hong Kong. The suspects assaulted the victim and forced him to provide his cryptocurrency password, then transferred approximately $680,000 worth of cryptocurrency. The suspects then went to the victim's company to take about 42 kilograms of silver goods, with total losses exceeding HKD 6 million. The victim was released in the early hours and reported the case, suffering injuries to the face, arms, and calves. The case is currently classified as illegal confinement and extortion, and is under investigation by the Kowloon City Criminal Investigation Division.

Recently, a knife robbery occurred in Sheung Wan, Hong Kong. Two victims were robbed after exchanging approximately 10 million HKD at a currency exchange shop. The police successfully apprehended the suspect, and the victims did not suffer any property loss. This is the third major cash robbery in the area within three months. The police have begun investigating the connection between the cases and the background of the criminal group.