Core Viewpoint - The cross-border payment sector in A-shares has seen significant gains, with multiple companies experiencing notable stock price increases [1] Group 1: Company Performance - Highwei Da has risen over 11% [1] - Shenzhou Information has reached a 10% limit up [1] - Electric Science Digital has increased by over 6% [1] - Small Commodity City has gained 5% [1] - Tianrongxin and Airong Software have both risen by over 4% [1] - Zhongyou Capital, Xinyada, and Sifang Jingchuang have all increased by over 3% [1]

Core Insights - The China Banking and Huawei have signed a strategic cooperation agreement in financial technology, focusing on ICT infrastructure, cloud computing, databases, artificial intelligence, and talent development [3] - The financial technology ETF (516860) has shown strong performance, with a recent increase of 2.26% and a weekly gain of 9.71% [3][5] - The global retail cross-border payment market is projected to reach $39.9 trillion in 2024, with a compound annual growth rate of 6.2% from 2024 to 2032 [4] Industry Events - The strategic cooperation between China Banking and Huawei aims to enhance digital financial development through innovation and talent cultivation [3] - Tencent Research Institute's report indicates a shift in the financial industry's application of large models towards commercial value, enhancing efficiency and revenue generation [4] - The third-party payment institutions are expected to benefit from the growth in cross-border payment volumes, with significant roles in the payment service ecosystem [4] ETF Performance - The financial technology ETF has reached a scale of 1.814 billion yuan, with a recent net inflow of 82.75 million yuan [5] - The ETF has shown a one-year net value increase of 161.34%, ranking 4th out of 2965 index equity funds [5] - The ETF's management fee is 0.50%, and it has the highest tracking accuracy among comparable funds, with a tracking error of 0.044% [7] Market Trends - The financial technology ETF has seen a significant increase in shares, with a growth of 1.72 million shares in the past month [5] - The ETF's average daily net inflow over the past five trading days was approximately 20.36 million yuan [5] - The top ten weighted stocks in the index account for 51.26%, indicating a concentrated investment strategy [7]

Core Viewpoint - The financial technology sector is experiencing significant growth, with the Huaxia Financial Technology ETF (516100) showing strong performance and attracting substantial capital inflows [3] Group 1: Market Performance - On August 22, major indices surged, with the Shanghai Composite Index breaking through 3800 points, driven by the chip sector [3] - The Huaxia Financial Technology ETF (516100) saw a 2.26% increase, with a cumulative rise of 10.87% over the past week, leading its sector [3] - The ETF has recorded a total capital inflow of 220 million yuan over the past four days [3] Group 2: Historical Performance of Huaxia Financial Technology ETF - Since its inception, the ETF's highest single-month return was 55.18%, with the longest consecutive monthly gains being three months and a maximum cumulative increase of 110.62% [3] - The average monthly return during rising months is 9.77%, and the annual profit percentage stands at 66.67% [3] - The probability of profitability over a three-year holding period is 80.37% [3] - Over the past six months, the ETF has outperformed its benchmark with an annualized return of 2.35%, ranking in the top third among comparable funds [3] Group 3: Top Holdings - The ETF closely tracks the CSI Financial Technology Theme Index, with the top ten weighted stocks accounting for 51.26% of the index [3] - The top ten stocks include Dongfang Wealth, Tonghuashun, Hengsheng Electronics, Runhe Software, and others, with varying weightings [5]

Group 1 - The semiconductor sector experienced a strong upward trend on August 22, with stocks like Haiguang Information, Cambrian-U, and Jiewate rising over 10% [1] - Notable companies such as Chipone, SMIC, and Shengmei Shanghai showed active stock performance, with Cambrian-U's stock price surpassing 1100 yuan per share [1] - The computing power industry chain also strengthened, with significant gains in related sectors such as PCB concepts, computing power leasing, and CPO [1] Group 2 - Institutional research interest in the semiconductor field has intensified, with 21 semiconductor stocks receiving institutional attention in August [3] - Naxin Micro emerged as a research hotspot, attracting participation from 135 institutions, followed by Shengmei Shanghai with 125 institutions, and Unisoc with 124 institutions [3] - The semiconductor industry led all sectors with 76 research frequencies, while the general equipment sector followed with 60 [3] Group 3 - Financing funds showed strong interest in the semiconductor sector, with 44 stocks receiving net purchases of over 100 million yuan on August 21 [4] - Zhinan Compass topped the net purchase list with 530 million yuan, followed by Inspur Information and China Unicom with 406 million yuan and 373 million yuan, respectively [4] - Significant changes in shareholder concentration were noted, with 130 out of 240 stocks reporting a decrease in shareholder numbers compared to August 10 [4]

Company Overview - Sifang Jingchuang, established on November 21, 2003, and listed on May 27, 2015, is located in Nanshan District, Shenzhen, Guangdong Province [2] - The company operates in the software development sector, specifically in vertical application software, and is involved in concepts such as RWA, cross-border payment, electronic payment, digital currency, and blockchain [2] Stock Performance - As of August 22, Sifang Jingchuang's stock price decreased by 2.05%, trading at 46.72 CNY per share, with a total market capitalization of 24.792 billion CNY [1] - The stock has seen a significant increase of 188.40% year-to-date, with a 0.21% rise in the last five trading days, a 15.44% increase over the last 20 days, and a 103.04% rise over the last 60 days [2] Trading Activity - The company has appeared on the "龙虎榜" (a trading activity list) nine times this year, with the most recent appearance on August 14, where it recorded a net buy of 949.7 million CNY [2] - The trading volume on August 22 included a net outflow of 147 million CNY from main funds, with large orders accounting for 24.06% of total buy and 25.85% of total sell [1] Financial Performance - For the first quarter of 2025, Sifang Jingchuang reported a revenue of 132 million CNY, reflecting a year-on-year decrease of 21.40% [2] - The company has distributed a total of 300 million CNY in dividends since its A-share listing, with 117 million CNY distributed over the past three years [2] Shareholder Information - As of March 31, 2025, the number of shareholders decreased by 8.57% to 66,500, with an average of 7,972 circulating shares per shareholder, an increase of 9.38% [2] - The fourth largest circulating shareholder is the Huabao Zhongzheng Financial Technology Theme ETF, holding 3.4169 million shares, a decrease of 41,900 shares from the previous period [3]

Core Viewpoint - The article highlights the top ten stocks with the highest net financing purchases on August 21, indicating strong investor interest in these companies [1] Group 1: Top Stocks by Net Financing Purchases - The stock with the highest net financing purchase is Zhinan Zhen (指南针) with 530 million yuan [1] - Langchao Information (浪潮信息) follows with a net purchase of 406 million yuan [1] - China Unicom (中国联通) ranks third with 373 million yuan in net financing [1] - Sifang Jingchuang (四方精创) has a net purchase of 355 million yuan [1] - Beifang Huachuang (北方华创) sees 325 million yuan in net financing [1] - Hanwujing (寒武纪) records a net purchase of 278 million yuan [1] - Tonghuashun (同花顺) has 240 million yuan in net financing [1] - Zhongji Xuchuang (中际旭创) follows closely with 239 million yuan [1] - China Rare Earth (中国稀土) has a net purchase of 225 million yuan [1] - Huagong Technology (华工科技) rounds out the list with 202 million yuan in net financing [1]

四方精创最新股价为47.70元，较前一交易日上涨2.08元。该股开盘价为50.00元，最高触及52.53元，最 低下探至47.01元，成交量为154.64万手，成交金额达77.27亿元。 四方精创属于软件开发行业，公司总部位于深圳特区，业务涉及金融科技领域。公司总市值253.12亿 元，流通市值252.71亿元。 8月21日盘中，四方精创出现快速回调，5分钟内跌幅超过2%，最低报49.20元。当日主力资金净流入 24389.41万元，占流通市值0.97%。近五日主力资金净流出131118.66万元，占流通市值5.19%。 风险提示：股市有风险，投资需谨慎。 ...

Group 1 - The cross-border payment (CIPS) concept increased by 2.19%, ranking third among concept sectors, with 61 stocks rising, including Sanwei Xinan with a 20% limit up, and Zhongyou Capital, Tianrongxin, and Jingbeifang also hitting the limit up [1][2] - The top gainers in the CIPS sector included *ST Dongtong, Xinchen Technology, and Xinan Century, which rose by 15.74%, 12.59%, and 11.00% respectively [1][2] - The sector saw a net inflow of 2.503 billion yuan from main funds, with 42 stocks receiving net inflows, and 11 stocks exceeding 100 million yuan in net inflow [2][3] Group 2 - The leading stocks in terms of net inflow included Zhongyou Capital with a net inflow of 1.077 billion yuan, followed by Jingbeifang, Sifang Jingchuang, and Xinchen Technology with net inflows of 923 million yuan, 333 million yuan, and 270 million yuan respectively [2][3] - The net inflow ratios for Tianrongxin, Zhongyou Capital, and Jingbeifang were 62.03%, 33.89%, and 25.56% respectively, indicating strong investor interest [3] - The overall performance of the CIPS sector reflects a positive sentiment among investors, as evidenced by the significant net inflows and stock price increases [1][2][3]

Market Overview - The A-share market opened high on August 21, with the Shanghai Composite Index reaching a new annual high, while the ChiNext Index rebounded after a dip. The total trading volume in the Shanghai and Shenzhen markets was 1.59 trillion yuan, an increase of 59.1 billion yuan compared to the previous trading day [1][2]. Index Performance - The performance of major indices was as follows: - Shanghai Composite Index: 3779.52 (+0.35%) - Shenzhen Component Index: 11980.08 (+0.45%) - ChiNext Index: 2613.08 (+0.21%) - CSI 300: 4301.71 (+0.71%) - CSI 500: 6739.87 (+0.18%) - CSI 1000: 7280.47 (-0.34%) - Total A-shares: 5986.11 (+0.26%) - The number of stocks that rose was 2522, while 2686 stocks fell [2]. Cryptocurrency Sector - The digital currency concept stocks surged, with the Wind Digital Currency Index rising by 3.61%. Notable stocks included: - New Morning Technology: +19.98% - Highgreat: +10.55% - Yuyin Co.: +10.05% - Sifang Chuangxin: +10.02% - Cuiwei Co.: +10.02% - Jingbeifang: +9.98% [3][4]. Hong Kong Market - Hong Kong cryptocurrency concept stocks also performed strongly, with Okex Chain rising over 9%. Other notable stocks included Guotai Junan International and New Fire Technology Holdings [5]. Cryptocurrency Market Trends - As of August 21, most cryptocurrencies saw an increase, with Bitcoin rising by 0.6% and Ethereum, SOL, and Dogecoin increasing by over 4%. In the past 24 hours, over 90,000 traders were liquidated, totaling $345 million, with more than 63% being short positions [5][6]. Upcoming Events - The Bitcoin Asia Summit will be held in Hong Kong on August 28-29, featuring Eric Trump as a keynote speaker. Bitcoin has increased by over 25% this year, with a recent pullback of approximately 6.5% from its peak of $124,000. The recent correction is viewed as a normal profit-taking behavior by investors [7]. Institutional Investment - The year has seen over $50 billion in net inflows into Bitcoin spot ETFs, with significant participation from institutional investors, including Harvard University's endowment fund [7].

Market Overview - The cryptocurrency market has seen a significant increase, with most cryptocurrencies rising in value, including Bitcoin and Ethereum, which rose by 0.6% and over 4% respectively [3][4] - A-shares and Hong Kong stocks related to cryptocurrency also experienced a collective surge, with the digital currency index rising by 3.61% [1] Stock Performance - Notable stocks in the cryptocurrency sector include: - Xincheng Technology (300542) with a price increase of 19.98% to 26.30 - Gaoweida (300465) up by 10.55% to 18.75 - Yuyin Co., Ltd. (002177) increased by 10.05% to 9.09 - Sifang Jingchuang (300468) rose by 10.02% to 50.19 - Cuiwei Co., Ltd. (603123) also up by 10.02% to 15.37 [2] Market Activity - The trading volume in the A-share market reached 1.59 trillion yuan, an increase of 591 billion yuan compared to the previous trading day [1] - Over 90,000 individuals were liquidated in the cryptocurrency market within 24 hours, with a total liquidation amount of 345 million USD, predominantly from short positions [4] Regulatory Environment - The Federal Reserve's July meeting minutes indicated that only two officials supported interest rate cuts, leading to a temporary decline in the US dollar index [4] - The upcoming Bitcoin Asia Summit in Hong Kong on August 28-29 will feature Eric Trump as a keynote speaker, highlighting the growing interest in the cryptocurrency sector [4] Institutional Investment - Bitcoin has seen a year-to-date increase of over 25%, with a recent pullback of approximately 6.5% from its historical high of around 124,000 USD [5] - The influx of institutional funds, including over 50 billion USD in net inflows into Bitcoin spot ETFs, has been a significant driver of Bitcoin's price increase [5]