PANews reported on June 3 that China Everbright Holdings (00165.HK), a Hong Kong-listed company, is now trading at HK$5.82, up 23.83% on the day. It is reported that Everbright Holdings had invested in stablecoin issuer Circle with IDG Capital as early as 2016, becoming its important global strategic shareholder. Recently, Circle applied for an IPO in the United States , and this news is seen as one of the catalysts for the surge in Everbright's stock price.