香港交易及結算所有限公司和香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而 引致的任何損失承擔任何責任。 CHINA RENAISSANCE HOLDINGS LIMITED 華興資本控股有限公司 承董事會命 華興資本控股有限公司 許彥清 董事會主席兼執行董事 香港，二零二五年八月十八日 於本公告日期，董事會包括主席兼執行董事許彥清女士；執行董事王力行先生及杜永波先生；非執行 董事林寧先生；及獨立非執行董事陳嘉麗女士、肇越先生、梁暉先生及FU Frank Kan先生。 董事會會議通告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.43條作出。 華興資本控股有限公司（「本公司」）董事會（「董事會」）僅此宣佈，本公司將於二零二五 年八月二十八日（星期四）舉行董事會會議，藉以（其中包括）考慮及批准本公司及其附 屬公司截至二零二五年六月三十日止六個月之中期業績及其發佈。 （於開曼群島註冊成立的有限公司） （股份代號：1911） ...

集团于截至2025年6月30日止6个月实现扭亏为盈并取得显著盈利主要由于集团投资管理业务分部经营利 润大幅增加，持续为集团的财务表现提供大力支持；华兴证券有限公司截至2025年6月30日止6个月的亏 损大幅降低；及集团在降低经营成本方面取得显著成果，经营开支显著降低。 华兴资本控股(01911)涨超3%，截至发稿，涨3.31%，报6.56港元，成交额4299.8万港元。 消息面上，近日，华兴资本控股发盈喜，集团预期于截至2025年6月30日止6个月取得公司拥有人应占利 润约6498万人民币，而于2024年同期取得公司拥有人应占亏损约7382万人民币。 ...

将投中网设为"星标⭐"，第一时间收获最新推送 大家对于你的回归，总有期待在里头。 作者丨 张楠 耶門幺联 来源丨 投中网 包凡 先生 你好： 碰见这种哥们弟兄，朋友义气的戏码，我常常想到你 。 搞 拾日谈 那会，咱们 聊过义气，当时你说，"讲义气"是一种价值 观，背后是长期主义。"比如咱俩之间，永远是我给你，你从不给我，我们大概交不成朋友。现在你给不了我什么，但是我愿 意给你，其实赌的是未来你能给我的东西。" 几年过去了 ，你对关系有没有新的理解，我 不 知道 ，但我是有的 。当时你说，朋友就是朋友，哪怕歪瓜裂枣，也是朋友 。 我也交过些个撒尿和泥放屁崩坑的朋友，所以我懂你的意思，那真是个诚恳的标准。但这一番过去，我想知道你的标准会有变 化吗？或许有些 你本来觉得是朋友的，现在不是了 ；又或许有些人你原本瞧不上，今天该刮目相看？ 你以前说，你跟年轻企业家不好打交道，老被人当大佬，怎么交朋友？可你不在的这两年，总归还是一样，有新人物，没新故 事 。 一帮更年轻的上台，说着更加无趣的话，办了些更加违心的事。说真的，我觉得你也没错过什么。 今天是 8 月 14 日， 距那个日子 大概 900 天。江湖虽远 ，隔着点 ...

港股市场加密货币概念股集体高开，其中，蓝港互动涨超14%，新火科技控股涨超7%，欧科云链涨超 3%，博雅互动涨近3%。 消息面上，比特币周四盘中一度升至124474美元，超越了7月创下的上一个峰值，再创历史新高。原因 是人们对美联储采取更宽松货币政策的预期不断增强，加上美国最近宣布的金融改革带来利好。 | 代码 | 名称 | 涨跌幅√ | 最新价 | 总市值 | | --- | --- | --- | --- | --- | | 08267 | 蓝港互动 | 14.49% | 0.790 | 2.92亿 | | 01611 | 新火科技控股 | 7.69% | 7.000 | 41.02亿 | | 01499 | 欧科云链 | 3.45% | 0.600 | 32.22 乙 | | 00434 | 博雅互动 | 2.71% | 9.100 | 64.7亿 | | 01788 | 国泰君安国际 | 0.93% | 5.420 | 516.36亿 | | 01911 | 华兴资本控股 | 0.15% | 6.510 | 37.32亿 | 消息面上，比特币周四盘中一度升至124474美元，超越了7月创下的上一个峰值 ...

（来源：富途） 在此轮市场表现背后，华兴资本业绩上扬的驱动逻辑与长期战略布局值得我们重点关注与解读。 近期，华兴资本控股发布盈喜公告，如同一剂强心针，将进一步赢得投资者的高度认可。 截至目前，华兴资本年内累计涨幅近130%，年内最高涨幅达186%，一连串的市场反应清晰表明，华兴资本的价值回归趋势明确，未来发展持续向好。 一、业绩上扬的四重支撑 不可否认，近年来华兴资本在外部环境的变化与内部转型调整的双重考验下，市场疑虑的阴云一度悄然蔓延，但事实证明华兴已经成功通过了压力测试。 自接任董事会主席以来，许彦清在暴风雨之中力挽狂澜，公司业绩持续向好，有力证明了华兴2.0时代的崛起。正如CEO王力行所言："华兴已跨越成立以来 最艰巨的坎，2025 年将迎来'由守转攻'的战略反攻。" 这一转折的背后，矗立着四大坚实支柱： 1）核心团队掌舵领航共筑动能 在行业周期波动与转型阵痛叠加的关键时期，以许彦清、王力行和杜永波为核心的管理团队成为华兴穿越周期的"定海神针"，为公司稳健前行指明了方向。 许彦清作为联合创始人，见证并推动了公司从初创到行业领军者的完整历程，并在近年市场寒冬中展现出女性领导者独有的坚韧与魄力。 面对重重压 ...

香港交易及結算所有限公司和香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並表明不會就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的 任何損失承擔任何責任。 CHINA RENAISSANCE HOLDINGS LIMITED 華興資本控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1911） 正面盈利預告 本公告由華興資本控股有限公司（「本公司」，連同其附屬公司及併表聯屬實體統稱「本 集團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條以及證 券及期貨條例（香港法例第571章）第XIVA部項下之內幕消息條文（定義見上市規則）而刊 發。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根據對本集團 截至二零二五年六月三十日止六個月的未經審核簡明綜合管理賬目的初步評估，本集 團預期於截至二零二五年六月三十日止六個月錄得本公司擁有人應佔利潤約6,498萬人 民幣，而於二零二四年同期錄得本公司擁有人應佔虧損約7,382萬人民幣。本集團於截 至二零二五年六月三十日止六個月實現扭虧為盈並錄得顯著盈利主要由 ...

Core Insights - The stablecoin market is experiencing unprecedented growth, with the number of stablecoin wallets surpassing that of Solana, highlighting its foundational role in the digital economy [1] - The U.S. Treasury predicts that the total value of the stablecoin market could exceed $2 trillion by 2028, while Citigroup estimates it could soar to $3.7 trillion by 2030 [1] - Key drivers of this trend include efficiency improvements, demand from emerging economies, increased adoption by traditional finance, clearer regulatory frameworks, and advantages in cost and transparency [1][3] Market Dynamics - Stablecoins simplify cross-border transactions, reducing transaction costs by up to 30% [3] - In unstable economies like Latin America and Africa, stablecoins serve as a hedge against inflation, with user growth rates exceeding 40% annually [3] - Traditional financial institutions are increasingly integrating stablecoin settlement services, responding to regulatory improvements such as the U.S. GENIUS Act [3] Security Concerns - Security risks are identified as the biggest threat to the rise of stablecoins, with a 20% increase in billion-dollar security breaches in 2023 [3][7] - The "New Privateer Plan" proposed by Christopher Perkins aims to empower the private sector to respond swiftly to security incidents, ensuring accountability through blockchain technology [3][7] - The XBIT platform is enhancing security measures to promote sustainable development in the stablecoin ecosystem [1][8] Regulatory Developments - The establishment of a joint venture in Hong Kong by Animoca Brands and Standard Chartered Bank aims to issue stablecoins under the new regulatory framework, which is expected to attract institutional capital [7] - The global regulatory landscape is converging, as seen in the alignment of Hong Kong's regulations with the U.S. GENIUS Act [7] Market Performance - Positive sentiment towards stablecoins is reflected in stock market performance, with significant gains in digital currency-related stocks in both A-shares and Hong Kong markets [5] - Companies like Taxbit and Mural Pay are integrating stablecoin transactions into daily operations, enhancing compliance and reducing fraud risks [4]

Group 1 - Baofang, the founder of Huaxing Capital, has reappeared after being missing for approximately two and a half years, but the company has stated he will no longer participate in daily management [1] - Huaxing Capital's operations are reported to be normal, with the executive committee now responsible for strategic advancement [1] - The new XPeng P7 model has received over 10,000 pre-orders in just 6 minutes and 37 seconds, indicating strong market interest [1] Group 2 - Chery Automobile's chairman has ordered a reduction in mandatory Saturday overtime, aiming to improve employee work-life balance [2] - The company plans to streamline meetings by 30% and reduce the number of participants, reflecting a shift in management philosophy [2] - Chery's chairman acknowledged past management practices as inhumane and expressed a commitment to valuing employees' time [2] Group 3 - Hang Seng Bank reported a 30.46% decline in net profit for the first half of the year, with shareholder profit at HKD 6.88 billion [4] - The bank's net interest income also decreased by 7.39%, leading to a 7.4% drop in stock price on the day of the earnings release [4] - The new chairman emphasized a focus on diversifying income sources and building a future-oriented business model [4] Group 4 - The active management equity fund sector has seen a strong recovery, with 95% of funds achieving positive returns, averaging over 15% [6] - The medical industry theme funds have emerged as the biggest winners, with four funds doubling their returns [6] - Notably, Zhang Kun from E Fund leads with over 50 billion in assets under management, while some fund managers have reported negative returns [6] Group 5 - Hichain Energy's president has been taken into custody for allegedly infringing on trade secrets, but the company claims the technology in question is publicly known [7] - The company reassured stakeholders that the incident will not adversely affect its operations [7] Group 6 - Wang Hong has been appointed as the vice chairman of the Shenzhen Stock Exchange, focusing on attracting long-term capital through ETFs [8] - GAC Honda has announced a leadership change, with Gao Hongxiang taking over from Li Jin as executive vice president [9] - The management reshuffle at GAC Honda has been confirmed, although the duration of Gao's term was denied as being publicly disclosed [9] Group 7 - In a significant leadership change, Ye Cai has been appointed as the chairman of Invesco Great Wall Fund Management, marking a transition in the management of this large asset management firm [11] - The new chairman's appointment is part of a broader restructuring within the company [11] Group 8 - Zhu Yong has been elected as the vice chairman of CITIC Securities, following a board meeting that approved his appointment [12] - This change reflects ongoing adjustments within the company's leadership structure [12] Group 9 - Wang Yijun has been approved as the chairman of Bank of Communications Investment, bringing extensive experience from his 31 years at the bank [13] - His leadership is expected to guide the investment firm through its strategic initiatives [13]

Core Viewpoint - The article discusses the recent developments surrounding Bao Fan, the founder of Huaxing Capital, who has re-emerged after a two-and-a-half-year investigation, and the subsequent impact on Huaxing Capital's operations and leadership structure [2][4]. Group 1: Bao Fan's Situation - Bao Fan has recently been reported to have ended his cooperation with an investigation after being absent for two and a half years, which significantly affected Huaxing Capital [2]. - His disappearance led to a 17-month suspension of Huaxing Capital's shares, and upon resuming trading, the stock price had decreased by 60% [2]. - As of August 8, Huaxing Capital's stock price was 6.87 HKD per share, marking a 16.84% increase from the previous trading day, with a market capitalization of 39.39 billion HKD [2]. Group 2: Leadership Changes - During Bao Fan's absence, Huaxing Capital underwent significant management changes, with Bao resigning from all executive roles citing health and family reasons [4]. - Xu Yanqing, Bao's wife, has taken on prominent roles within the company, including being appointed as the chairperson of the board in October 2024 [5]. - Wang Lihang was appointed as the new CEO in November 2024, marking a new leadership phase for Huaxing Capital [6][7]. Group 3: Strategic Focus and Future Plans - Under the new leadership of Wang Lihang, Huaxing Capital is undergoing a "second entrepreneurship," focusing on mergers and acquisitions (M&A), AI, and embodied intelligence [8][9]. - The company has completed several strategic M&A transactions, accumulating a total transaction amount exceeding 20 billion RMB over the past year [9]. - Huaxing Capital is actively participating in the AI and embodied intelligence sectors, with significant involvement in major financing deals in these areas [9][10].

Core Viewpoint - The article discusses the return of Bao Fan, the founder of Huaxing Capital, after a prolonged investigation period of 894 days, highlighting the implications for the company and the venture capital industry in China [4][5][6]. Group 1: Bao Fan's Investigation and Return - Bao Fan has ended his cooperation with the investigation, which lasted from February 26, 2023, to August 8, 2025, totaling 894 days [5]. - During this period, there were at least three rumors about his imminent return, with the first in March 2023, the second in February 2024, and the third in September 2024 [6][7]. - Huaxing Capital has undergone significant management changes during Bao's absence, with his wife, Xu Yanqing, taking on key roles, indicating a shift in leadership and strategy [7][8]. Group 2: Impact on Huaxing Capital - The company has faced challenges due to Bao's situation, including the early closure of fundraising for its new economy funds and a halt on new project investments [7]. - As of mid-2024, Huaxing Capital's asset management scale was reported at 34.8 billion yuan, with approximately 17.4 billion yuan generating management fees [7]. - The company has shifted its focus back to mergers and acquisitions, moving away from its previous branding as a "boutique investment bank" [13]. Group 3: Industry Context and Changes - The "de-Bao Fan" process has become a significant topic in the venture capital industry, marking a potential turning point in how firms operate and manage leadership transitions [8][10]. - Other prominent figures in the industry, such as Zhang Ying and Fu Jixun, have also adapted their strategies and public personas during this period, reflecting broader changes in the venture capital landscape [8][9]. - The article suggests that Bao Fan's return may not have as significant an impact as anticipated, given the changes that have already taken place within Huaxing Capital and the industry at large [14].