智通财经7月2日电，利弗莫尔证券显示，北京宇信科技集团股份有限公司在港交所递交上市申请，联席 保荐人为华泰金融控股（香港）有限公司及法国巴黎证券（亚洲）有限公司。 ...

Market Overview - The A-share market saw all three major indices rise in the morning session, with the Shanghai Composite Index up 0.2%, the Shenzhen Component Index up 0.54%, and the ChiNext Index up 0.93% [1] - The total market turnover reached 932.6 billion yuan, a decrease of 81.1 billion yuan compared to the previous day, with over 3,500 stocks rising [1] Sector Performance - The gaming, military, brain-computer interface, and photolithography concept stocks led the gains, while the banking, securities, and dairy sectors experienced declines [3] - Notable stocks in the military sector included Hengyu Xintong (300965), Chenxi Aviation (300581), and Zhongbing Hongjian (000519), all of which hit the daily limit [3] - The gaming sector saw significant increases with Kaiying Network (002517) and Giant Network (002558) both reaching the daily limit [3] - Photolithography concept stocks were active, with Blue Eagle Equipment (300293) hitting the daily limit, along with Kaimete Gas (002549) and Zhongci Electronics (003031) [3] - The innovative drug sector rebounded, with Zhaoyan New Drug (603127) also hitting the daily limit [3] - The banking and securities sectors faced early declines, with Guosheng Jinkong (002670) dropping over 5% [3] Hot Stocks - The strongest sectors included new energy vehicles, military, and specialized innovative companies, with multiple stocks hitting daily limits [8][9][10] - In the new energy vehicle sector, 16 stocks reached the daily limit, with the highest consecutive limit being 9 days [8] - The military sector had 14 stocks hitting the daily limit, with the highest consecutive limit also being 9 days [9] - The specialized innovative sector had 13 stocks hitting the daily limit, with a maximum of 3 consecutive limits [10] Sector Insights - The military equipment sector is expected to benefit from increasing global military trade demand and domestic military modernization efforts, potentially leading to a dual boost in fundamentals and industry valuations [12] - The gaming sector is supported by a record number of game approvals, indicating regulatory support for healthy industry development [13] - The brain-computer interface sector is gaining attention due to advancements from Neuralink, with significant usage data reported from trial participants [14] - The digital currency sector is poised for growth as Hong Kong aims to enhance cross-border payment efficiency through stablecoins, with new regulations set to take effect [15]

Group 1 - Digital currency concept stocks are experiencing significant gains, with companies such as Xiongtai Technology (300546) and Yuxin Technology (300674) rising over 10% [1] - Dongxin Peace (002017) and Cuiwei Co., Ltd. (603123) have reached the daily limit increase, indicating strong market interest [1] - Other companies like Youbuxun (300531) and Sifang Jichuang (300468) are also seeing upward movement in their stock prices [1] Group 2 - There is a notable influx of dark pool funds into these stocks, suggesting increased investor activity and potential interest in the digital currency sector [2]

智通财经6月29日电，宇信科技(300674.SZ)发布投资者关系活动记录表，稳定币领域的政策突破与公司 全球化发展战略高度契合，宇信从公司层面开始系统性布局，在既有海外业务基础上提供有力支撑，包 括：1）近期正积极对接稳定币生态各环节的核心参与方，包括与发币方进行了深入接触、签署保密协 议，重点围绕稳定币发行的全流程需求展开探讨，明确各方在发行过程中的具体职责、梳理可行的技术 解决方案、整合各自的优势及资源等；2）与新加坡新兴技术热点地区的机构展开交流，探讨RWA代币 化的具体实施路径，包括如何筛选合适的底层资产、设计合规的代币化方案，以及制定发行策略等； 3）与中东当地特定闭环产业链公司进行交流，由于该产业需要闭环，涉及产业链上下游各环节，为稳 定币提供了应用场景。通过稳定币区块链技术，可以实现产业链各环节交易透明度、构建贯穿全链条的 支付体系等。 宇信科技：与稳定币发币方进行了深入接触、签署保密协议 ...

Group 1: Policy Declaration 2.0 Overview - Declaration 2.0 represents Hong Kong's determination to become a global leader in the digital asset field, encompassing stablecoins and their surrounding ecosystem [3] - The declaration extends the development expectations for stablecoins to 3-5 years, providing broader development space and application scenarios [2] Group 2: Regulatory Framework - Declaration 2.0 establishes a clear regulatory timeline, with the government set to implement a stablecoin issuer regulatory system starting August 1, 2025 [4] - The Securities and Futures Commission is designated as the main regulatory body for digital asset trading service providers, outlining compliance pathways for market participants [5] - The Hong Kong Monetary Authority will act as the frontline regulator for banks involved in digital asset trading, clarifying the execution of regulations [6] Group 3: Tokenization and Asset Development - The declaration establishes a regularized mechanism for the issuance of tokenized government bonds, expanding the application of stablecoins [7] - It provides incentives for the tokenization of real-world and financial assets, including precious metals and renewable energy [8] Group 4: Company Strategy in Stablecoin Sector - The company is actively expanding its overseas business, preparing for H-share issuance, and plans to invest in digital currency and stablecoin technology development [9] - It is engaging with key participants in the stablecoin ecosystem to explore issuance processes and technical solutions [10] - The company aims to leverage its experience in digital RMB to transition from system builders to financial product designers and operators [11] Group 5: Research and Development - The company is conducting research on blockchain technology applications through the Macau Web3 retail payment system, focusing on transaction performance metrics [12] - It is exploring various operational paths in the stablecoin ecosystem based on the regulatory framework established in Declaration 2.0 [14] Group 6: Collaboration and Partnerships - The company is engaging with both multinational and local banks in Hong Kong to explore technical collaboration opportunities [17] - It is also seeking partnerships with non-bank institutions to enhance system construction and service offerings [18]

Group 1 - The recent surge in interest for stablecoins has created a common growth point for Hong Kong, US, and A-shares [1] - Circle, known as the "first stablecoin stock," went public on June 5, and its stock price increased sevenfold within a few trading days [2] - Following this, Guotai Junan International announced it received a virtual asset license, leading to a 198% stock price increase the next day [2] Group 2 - Beijing Yuxin Technology Group Co., Ltd. is pursuing an IPO in Hong Kong, having submitted its prospectus on June 18 [3] - The company aims to enhance its global strategy and accelerate overseas business development, with a current market capitalization of approximately 19.5 billion RMB [3] - Yuxin Technology is a fintech solution provider, claiming a 100% penetration rate among major Chinese banks [6][15] Group 3 - Yuxin Technology's revenue sources include bank technology solutions, non-bank technology solutions, and innovative operational services [7] - The revenue from bank technology solutions for 2022, 2023, and 2024 was 37.55 billion RMB, 46.64 billion RMB, and 34.61 billion RMB, respectively [10] - The company has experienced revenue fluctuations, with total revenues of 42.81 billion RMB, 51.99 billion RMB, and 39.54 billion RMB over the past three years [12] Group 4 - The fintech solutions market in China is projected to grow from 152 billion RMB in 2023 to 235.5 billion RMB in 2024, with a compound annual growth rate of approximately 11.6% [22] - Yuxin Technology holds a 2.1% market share in the bank technology solutions sector, making it the largest listed provider in this segment [27] - The competitive landscape includes major players such as Changliang Technology and Hangseng Electronics, with Yuxin Technology maintaining its leading position for three consecutive years [27]

Industry Overview - The China Mobile Communications Association's Blockchain and Data Elements Professional Committee is seeking "RWA ecosystem partners" to promote the digitalization and capitalization of Real World Assets (RWA) [1] - The initiative includes the establishment of 20 units to form the "RWA Joint Laboratory," focusing on data resource integration, technology research and development, and funding support [1] - RWA is gaining traction globally, with various countries initiating projects to tokenize traditional financial assets, such as U.S. Treasury tokenization and European real estate projects [1] Company Insights - Yuxin Technology has over 10 years of experience in payment clearing and banking assets, indicating its capability in the RWA space [3] - Shenzhou Information possesses relevant technical capabilities related to RWA [4]

Core Insights - Yuxin Technology has been recognized in the 2024 Beijing Top 100 Service Enterprises list, highlighting its leading position in the service industry, particularly in financial services [1] - The company integrates big data, artificial intelligence, and cloud computing to create an intelligent financial service system, significantly enhancing service response times and customer satisfaction [3] - Yuxin Technology is committed to increasing R&D investment and building advanced technology research laboratories to attract top talent in the industry, aiming for continuous technological innovation [3] Company Strategy - The company focuses on digital upgrades for financial institutions through its comprehensive financial business system, which allows for rapid market response and supports financial innovation [3] - Yuxin Technology plans to develop customized service solutions based on individual customer needs, utilizing regular feedback mechanisms to optimize service processes [3] - The company actively participates in industry standard-setting and collaborates with financial institutions on joint innovation projects, exploring applications in emerging areas such as cross-border business and green finance [3]

Core Viewpoint - The recent surge in research on stablecoins by brokerage firms indicates a growing interest in the potential for stablecoins to achieve compliant development and expand their applications in the financial sector [1][2][3]. Group 1: Research and Analysis - At least 16 brokerage firms published 24 research reports on stablecoins in the past week, covering various industries such as macroeconomics, computer science, media, finance, and blockchain [3]. - The frequency of roadshows and conference calls focused on stablecoins has increased, with over 30 calls held in the last two weeks, discussing policy interpretations, industry chain analysis, and investment strategies [4]. - Analysts from East Wu Securities emphasize that stablecoins, as a type of cryptocurrency, are linked to specific stable assets to maintain value stability, enhancing payment efficiency and asset liquidity [5]. Group 2: Market Performance - Several A-share stablecoin concept stocks have shown significant price increases since June, with Hengbao Co., Ltd. rising approximately 66%, Chutianlong up 65%, and Sifang Jingchuang increasing about 60% as of June 20 [7]. - Institutions have been actively researching multiple stablecoin concept stocks, focusing on the development prospects of stablecoins and the relevant technologies and application scenarios of listed companies [8]. Group 3: Regulatory Developments - Recent regulatory frameworks in the U.S. and Hong Kong signify a formal acceptance of stablecoins, opening new investment opportunities [12][13]. - The Hong Kong Legislative Council passed the "Stablecoin Ordinance," establishing a licensing system for fiat-backed stablecoin issuers, which is expected to enhance financial stability and promote innovation [12]. - The U.S. Senate passed the "GENIUS Act," creating the first federal regulatory framework for dollar-pegged stablecoins, marking a significant step towards legal oversight of the crypto asset industry [13]. Group 4: Corporate Initiatives - Major internet companies like Alibaba and JD.com are entering the stablecoin space, with Ant International accelerating investments in global financial management and JD.com testing compliant stablecoins in Hong Kong [14][15]. - JD.com's stablecoin is set to be applied in cross-border trade, emphasizing compliance, security, and auditability to meet real payment needs across Asia-Pacific, the Middle East, and Africa [15]. Group 5: Industry Trends - The People's Bank of China has acknowledged the growth of stablecoins and central bank digital currencies, highlighting their potential to streamline cross-border payment processes while posing regulatory challenges [16].

Summary of Key Points Core Viewpoint The article provides an overview of the recent activities in the Hong Kong stock market, highlighting the number of companies that have submitted applications for listing, those that have passed the hearing, and details about their financial performance and market positions. Group 1: New Applications - A total of 19 companies submitted applications to the Hong Kong Stock Exchange from June 16 to June 22 [3] - New Hope Group (600803.SH) is the largest private natural gas company in China, with a market share of approximately 6.1% in 2024 [3] - Wolong Technology (002130.SZ) is the second-largest high-speed copper cable manufacturer globally, holding a 24.9% market share [4] - Beijing Geekplus Technology Co., Ltd. is the largest provider of AMR solutions globally, maintaining its leading position for six consecutive years [5] - Banu International Holdings is the largest hot pot brand in China by revenue, with a market share of 3.1% [6] - Hope Sea Inc. is the largest comprehensive electronic product import supply chain solution provider in China, with an import GMV of approximately RMB 34.8 billion in 2024 [7] - Guangzhou Shiyuan Electronic Technology Co., Ltd. ranks first in the Chinese market for interactive smart panels with a 25.0% market share [8] - Anmai Biotechnology Co., Ltd. ranks second globally in T-cell connector therapy, with total transaction values exceeding USD 2.1 billion [9] - Beijing Haizhi Technology Group focuses on industrial-grade AI solutions, ranking fifth in the Chinese market [10] - Suzhou Jiyi Technology Co., Ltd. ranks second in digital retail operations in China [11] - Drip Irrigation International Investment Co., Ltd. is the first global exchange group based on revenue-sharing models [12] - Zhaowei Electromechanical (003021.SZ) provides integrated micro-drive systems, with revenues projected to grow [13] - Meige Intelligent (002881.SZ) ranks fourth globally in wireless communication modules, holding a 6.4% market share [14] - Yuxin Technology (300674.SZ) is a leading fintech solution provider in China, with significant market shares in various sectors [15] - Shanghai Zhuoyue Ruixin Digital Technology Co., Ltd. ranks second in the digital education market for higher education in China [16] - Zhaoyi Innovation (603986.SH) is the second-largest NOR Flash provider globally, with an 18.5% market share [17] - Changchun Changguang Chenxin Microelectronics Co., Ltd. specializes in high-performance CMOS image sensors [18] - Weichai Lovol Smart Agriculture Technology Co., Ltd. is a leading provider of smart agricultural solutions in China [19] - PPIO is an independent distributed cloud computing service provider [20] - Xiangkang Holdings is a major technical apparel manufacturer for high-end brands [22] Group 2: Companies Passing Hearings - Four companies passed the listing hearing this week, including Fuwai Group, which is a pan-Asian life insurance company with projected insurance revenue growth [24] - Fengcai Technology focuses on chip design for BLDC motor control, ranking sixth in the Chinese market [25] - Xunzhong Communication Technology Co., Ltd. is the third-largest cloud communication service provider in China [26] - Cloudbreak Pharma Inc. is a clinical-stage ophthalmic biotech company with two core products [27] Group 3: Recent IPOs - Haitan Flavor Industry (03288.HK) raised approximately HKD 10.1 billion in its IPO, with a slight decline in stock price post-listing [28] - Sanhua Intelligent (02050.HK) had a strong subscription rate for its IPO [29] - Baize Medical (02609.HK) and other companies also reported significant subscription rates for their IPOs [30][31][32][33]