The stock's rise is attributed to Circle's IPO application in the U.S., reflecting growing investor interest in the cryptocurrency sector.
China Everbright Holdings (00165.HK) shares surged by 23.83% following news of its investment in stablecoin issuer Circle, which is reportedly applying for an IPO in the U.S. This development acts as a catalyst for the stock's significant rise, highlighting the company's continued involvement in the cryptocurrency sector.