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According to Jinse Finance, Hundsun Technologies, a leading financial IT company that was highly active during the bull markets of 2015 and 2020, has seen its stock price surge dramatically. The market volatility may be linked to a circulating “insider note.” The note, allegedly from a securities firm analyst, claims that Hundsun Technologies’ wholly owned subsidiary, Hengyun Technology, has reached a strategic partnership with Ant Digital Technologies. The collaboration reportedly focuses on the operation and system development of virtual assets and stablecoins, targeting the Hong Kong and overseas markets, with plans to hold a related stablecoin conference in September. The note asserts that this partnership “removes the growth ceiling for Hundsun.” In response, staff from Hundsun Technologies’ investor relations department stated that the company is aware of the market rumors and that today’s stock price limit-up may be related to these rumors, but the investor relations department cannot currently confirm whether the company has entered into a partnership with Ant Digital Technologies. The staff further added that the company’s Hong Kong subsidiary has long provided IT services to both Hong Kong and mainland Chinese securities firms, holding a significant market share. The company is indeed actively expanding into stablecoins, virtual assets, and overseas business, and has had preliminary communications with companies such as Ant Digital Technologies. However, they emphasized that “any confirmation of related cooperation is subject to official announcements.” (21st Century Business Herald)