China 33 Media's share price witnessed an impressive surge of nearly 60%, and the company has since announced its intention to apply for a Hong Kong stablecoin license. To fund this endeavor, the company will raise capital through the issuance of new shares and the utilization of its existing cash reserves. Should the application be approved, China 33 Media is poised to become one of the pioneering enterprises to secure a Hong Kong stablecoin license.