Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of June 20, 2025, highlighting their respective valuations in billions of dollars [1]. Group 1: Market Capitalization Rankings - The top three companies by market capitalization are: 1. Alibaba: $1,000.00 billion 2. Tencent: $900.00 billion 3. Baidu: $290.62 billion [3][4]. - Other notable companies in the top 10 include: - Kuaishou: $308.94 billion - Semiconductor Manufacturing International Corporation (SMIC): $403.59 billion - JD.com: $459.34 billion [3][4]. Group 2: Additional Rankings - Companies ranked from 11 to 20 include: - Ideal Automotive: $282.81 billion - Beike: $217.69 billion - Xpeng Motors: $177.13 billion [3][4]. - The rankings continue with companies like: - New Oriental: $76.78 billion - Vipshop: $75.79 billion - Kingsoft: $70.42 billion [4][5]. Group 3: Valuation Trends - The article indicates a competitive landscape among Chinese tech firms, with significant valuations reflecting their market positions and growth potential [1]. - The data is based on the latest exchange rates, converting values from Hong Kong dollars to US dollars [5].

证券代码：300085 证券简称：银之杰 公告编号：2025-042 深圳市银之杰科技股份有限公司 关于为子公司提供担保的公告 一、担保情况概述 深圳市银之杰科技股份有限公司（以下简称"公司"）于 2025 年 4 月 14 日召 开第六届董事会第十五次会议、2025 年 5 月 8 日召开的 2024 年度股东大会，审议 通过了《关于 2025 年度担保额度预计的议案》，同意公司为子公司向银行等金融机 构申请融资提供担保的总金额为不超过 2.5 亿元，担保的方式包括但不限于保证、 抵押、质押等，其中为子公司北京亿美软通科技有限公司（以下简称"亿美软通"） 提供担保额度为不超过 6000 万元，担保额度有效期为自 2024 年度股东大会审议通 过之日起至 2025 年度股东大会召开之日止。 近日，公司与江苏银行股份有限公司北京分行（以下简称"江苏银行北京分行"） 签署了《最高额保证合同》，公司为江苏银行北京分行与子公司亿美软通的授信业 务提供最高额连带责任保证，担保的最高债权额为本金人民币 1000 万元整以及本金 对应利息、费用等全部债权之和。本次担保属于已审议通过的担保事项范围，且担 保金额在公司为亿美软 ...

证券代码：300085 证券简称：银之杰 公告编号：2025-041 深圳市银之杰科技股份有限公司 关于持股5%以上股东权益变动触及1%整数倍的公告 公司持股5%以上股东何晔女士保证向本公司提供的信息内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 深圳市银之杰科技股份有限公司（以下简称"公司"）收到公司持股 5%以上股 东何晔出具的《关于权益变动的告知函》，前述股东因自身资金需求，于 2025 年 6 月 9 日至 2025 年 6 月 12 日通过大宗交易方式减持公司股份 5,638,500 股，占公司总 股本的 0.80%。本次权益变动后，何晔持有的股份由 89,788,400 股减少至 84,149,900 股，占公司总股本的比例由 12.71%减少至 11.91%，股东权益变动触及 1%的整数倍 （即 12%）。具体情况公告如下： | 1. 基本情况 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 信息披露义务人 | 何晔 | | | | | | | 住所 | | 深圳市福田区****** | | | | | | 权 ...

担保人：深圳市银之杰科技股份有限公司 被担保人：安科优选（深圳）技术有限公司 债权人：中国银行股份有限公司深圳高新区支行 担保方式：连带责任保证担保 证券代码：300085 证券简称：银之杰 公告编号：2025-040 深圳市银之杰科技股份有限公司 关于为子公司提供担保的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、担保情况概述 深圳市银之杰科技股份有限公司（以下简称"公司"）于 2025 年 4 月 14 日召 开第六届董事会第十五次会议、2025 年 5 月 8 日召开的 2024 年度股东大会，审议 通过了《关于 2025 年度担保额度预计的议案》，同意公司为子公司向银行等金融机 构申请融资提供担保的总金额为不超过 2.5 亿元，担保的方式包括但不限于保证、 抵押、质押等，其中为子公司安科优选（深圳）技术有限公司（以下简称"安科优 选"）提供担保额度为不超过 8000 万元，担保额度有效期为自 2024 年度股东大会 审议通过之日起至 2025 年度股东大会召开之日止。 近日，公司与中国银行股份有限公司深圳高新区支行（以下简称"中国银行深 圳 ...

Group 1 - The A-share digital currency concept is experiencing a volatile rise, with notable stocks such as Nantian Information and New Beiyang hitting the daily limit up [1] - Other companies like Yingshi Sheng, Guao Technology, and Yinzhijie are also seeing increases in their stock prices [1]

银之杰（300085）6月10日在互动平台表示，公司关注稳定币领域的应用和行业发展，目前没有开展稳 定币的技术产品或平台的研发工作。 ...

Core Viewpoint - The financial technology sector is experiencing significant growth, driven by the recent implementation of the stablecoin legislation in Hong Kong and the successful IPO of Circle, indicating strong investor interest in stablecoins and financial technology innovations [3][4]. Group 1: Market Performance - As of June 9, 2025, the CSI Financial Technology Theme Index (930986) rose by 1.13%, with notable increases in constituent stocks such as Chutianlong (10.01%) and Dongxinheping (9.99%) [3]. - The Financial Technology ETF (516860) increased by 1.05%, with a latest price of 1.25 yuan and a trading volume of 13.05 million yuan [3]. - The Financial Technology ETF has seen a significant increase in shares, with a growth of 37 million shares over the past three months, ranking it in the top third among comparable funds [4]. Group 2: Financial Metrics - The Financial Technology ETF's net asset value increased by 81.91% over the past year, ranking 18th out of 2845 index equity funds, placing it in the top 0.63% [4]. - The ETF has recorded a maximum monthly return of 55.92% since inception, with an average monthly return of 10.19% and a historical three-year holding profit probability of 97.01% [4]. - The ETF's management fee is 0.50%, and the custody fee is 0.10%, which are among the lowest in comparable funds [5]. Group 3: Top Holdings - As of May 30, 2025, the top ten weighted stocks in the CSI Financial Technology Theme Index accounted for 52.03% of the index, with Tonghuashun (9.50%) and Dongfang Caifu (9.01%) being the top two [5][7]. - The top ten stocks include notable companies such as Hengsheng Electronics, Runhe Software, and Newland, indicating a diverse representation within the financial technology sector [5][7].

本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 深圳市银之杰科技股份有限公司（以下简称"公司"）收到公司持股 5%以上股 东何晔出具的《关于权益变动的告知函》，前述股东因自身资金需求，于 2025 年 6 月 3 日至 2025 年 6 月 4 日通过大宗交易方式减持公司股份 2,400,000 股，占公司总 股本的 0.34%。本次权益变动后，何晔持有的股份由 92,188,400 股减少至 89,788,400 股，占公司总股本的比例由 13.05%减少至 12.71%，股东权益变动触及 1%的整数倍 （即 13%）。具体情况公告如下： | 1. 基本情况 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 信息披露义务人 | 何晔 | | | | | | | | 住所 深圳市福田区****** | | | | | | | | | 权益变动时间 | 年 2025 公司于 | 月 6 3 日-2025 2025 年 5 月 | 年 6 | 月 日 6 4 日披露了《关于持股 | | 5%以上股东减持股份预 ...

国投证券指出，美国和香港相继发布稳定币相关监管法案，标志着稳定币产业进入合规监管背景下的新发展阶段，有望推动相关加密货币产业的持续繁荣， 关注跨境支付、加密货币区块链技术相关的投资机会。 金融科技ETF紧密跟踪中证金融科技主题指数，中证金融科技主题指数选取产品与服务涉及金融科技相关领域的上市公司证券作为指数样本，以反映金融科 技主题上市公司证券的整体表现。 份额方面，金融科技ETF近3月份额增长2200.00万份，实现显著增长，新增份额位居可比基金1/3。 数据显示，杠杆资金持续布局中。金融科技ETF前一交易日融资净买额达407.49万元，最新融资余额达4414.26万元。 截至6月3日，金融科技ETF近1年净值上涨71.32%，指数股票型基金排名31/2831，居于前1.10%。从收益能力看，截至2025年6月3日，金融科技ETF自成立以 来，最高单月回报为55.92%，最长连涨月数为3个月，最长连涨涨幅为113.16%，上涨月份平均收益率为10.19%，年盈利百分比为66.67%，历史持有3年盈利 概率为96.95%。截至2025年6月3日，金融科技ETF成立以来超越基准年化收益为0.55%。 截至202 ...

Core Viewpoint - The article highlights the significant rise of the fintech sector, particularly driven by the recent regulatory developments surrounding stablecoins in Hong Kong and the growing market demand for digital financial solutions [6][11][29]. Market Performance - On June 2, the Hong Kong stock market experienced a remarkable recovery, with all major indices closing in the green and trading volumes increasing [1][3]. - The fintech sector emerged as one of the most active segments, with notable performances in digital currencies and cross-border payments [4][6]. Fintech Sector Dynamics - The fintech sector, particularly the financial technology ETF (159851), has seen a substantial increase of over 80% since last year, driven by the implementation of the Stablecoin Regulation in Hong Kong [6][24]. - The global fintech market is projected to exceed $8.5 trillion by 2024, with Asia-Pacific leading at a 45% market share, and China contributing $1.9 trillion [17]. Stablecoin Surge - Stablecoins have gained popularity due to their ability to mitigate the volatility of cryptocurrencies, with a global market cap exceeding $250 billion as of May 31, 2023 [13]. - Recent regulatory frameworks in Hong Kong and the U.S. are expected to enhance institutional trust in stablecoins, potentially increasing U.S. institutional allocations to $80 billion by 2025 [11][12]. Technological Advancements - Technological breakthroughs, such as reduced transaction costs and improved transaction speeds, are facilitating the integration of stablecoins into traditional financial systems [12][22]. - The rise of embedded finance is transforming how financial services are accessed, with predictions indicating a market size of $3.2 trillion by 2027 [19]. Investment Opportunities - The fintech sector is characterized by high volatility and potential for significant returns, with the fintech ETF (159851) being a preferred vehicle for investors seeking diversified exposure [24][26]. - Companies that are technologically advanced, have clear business models, and strong compliance frameworks are positioned to benefit from the ongoing fintech revolution [30].