Core Insights - The People's Bank of China and eight other departments have issued opinions to support the construction of the Western Land-Sea New Corridor, emphasizing the exploration of digital financial international cooperation [1] - The offshore RMB has surpassed the 7.0 mark against the USD, reaching a high of 6.996, marking the first time since September 2024, while the onshore RMB also crossed 7.01, a new high since September 27, 2024 [1] - The global retail cross-border payment market is projected to grow to $64.5 trillion by 2032, with a compound annual growth rate (CAGR) of 6.2% from 2024 to 2032, which is expected to enhance the infrastructure and application scenarios for RMB cross-border payments [1] Market Sector Analysis - **Cross-Border Payment Technology Services**: Companies providing cross-border payment system construction, technology upgrades, data processing, and solutions will benefit from the rapid growth of CIPS system business and the expansion of digital RMB cross-border payment trials [2] - **Digital RMB Industry Chain**: The evolution of digital RMB into a strategic carrier integrating finance, technology, and data will drive demand for bank IT upgrades, terminal equipment enhancements, and payment institution scenario expansions, presenting new growth opportunities across the entire industry chain [2] - **Banking and Financial Institutions**: The deepening of cross-border RMB settlement facilitation trials and the increasing choice of international enterprises to use RMB for settlement will open up more business space for Chinese banks in cross-border financial services, trade financing, and asset management, enhancing their non-interest income and international competitiveness [2] - **Cross-Border E-Commerce and Foreign Trade**: Policy support for building cross-border e-commerce digital service platforms in relevant provinces and cities will improve service capabilities and efficiency, reduce cross-border payment costs, and create a more favorable operating environment for cross-border e-commerce enterprises to expand overseas [2] Regional Financial Cooperation Beneficiaries - Financial institutions, logistics companies, and foreign trade enterprises in the regions involved in the Western Land-Sea New Corridor will directly benefit from enhanced financial support and deepened cross-border cooperation, with listed companies in these areas likely to gain more policy dividends and market opportunities [3] Relevant Listed Companies - **Sifang Jingchuang (300468)**: Focuses on providing financial IT solutions for financial institutions, with deep expertise in blockchain technology and digital currency, participating in the development and testing of multilateral central bank digital currency bridge projects [4] - **Zhongyi Technology (301208)**: Provides IT infrastructure construction and operation services, expected to benefit from the demand driven by the promotion of digital RMB and the development of financial technology [4] - **Lakara (300773)**: A well-known domestic third-party payment company actively expanding digital RMB acceptance scenarios and participating in multiple pilot projects, likely to benefit from the expansion of the payment ecosystem brought by digital RMB [4] - **Jingbeifang (002987)**: A leading domestic financial technology company providing IT technical services to banks, with bank system upgrades being a key business direction [4] - **Nantian Information (000948)**: A leading provider of financial information solutions, offering professional IT services to banks, with the promotion of digital RMB driving the demand for upgrades in core and peripheral banking systems [4] - **Changliang Technology (300348)**: A core banking system supplier deeply involved in digital RMB projects, providing a range of solutions from core business systems to digital wallets [5] - **Tianyang Technology (300872)**: Provides IT solutions and services to financial institutions, focusing on business areas such as bank credit and transaction banking, with new business opportunities arising from the application of digital RMB in trade settlement and supply chain finance [5] - **Cuiwei Co., Ltd. (603123)**: Its subsidiary has signed cooperation agreements with designated operating banks for digital currency, actively promoting system construction for digital RMB acceptance [5] - **Chutianlong (003040)**: Has a broad layout in the digital currency field, establishing technical and business cooperation with the People's Bank of China and various commercial banks to promote the construction of the digital RMB ecosystem [5]

Core Insights - The IT service sector experienced a rise of 1.09% on December 25, with Zhongyi Technology leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] IT Service Sector Performance - Zhongyi Technology (301208) closed at 41.15, with a significant increase of 13.52% and a trading volume of 139,000 shares, amounting to a transaction value of 574 million yuan [1] - Aerospace Software (688562) saw a rise of 10.46%, closing at 22.81 with a trading volume of 342,900 shares and a transaction value of 784 million yuan [1] - Other notable performers included Zhongke Yingmao (688568) with a 7.11% increase, closing at 51.96, and Huina Technology (300609) with a 6.85% increase, closing at 38.98 [1] Capital Flow Analysis - The IT service sector experienced a net outflow of 861 million yuan from institutional investors, while retail investors saw a net inflow of 767 million yuan [2] - The main stocks with significant capital inflow included Dawi Technology (600589) with a net inflow of 76.62 million yuan, and Aerospace Information (600271) with 73.11 million yuan [3] - Conversely, Hanxin Technology (920092) faced a net outflow of 41.5 million yuan, indicating a decline in investor interest [2][3]

Group 1 - The Shanghai Composite Index closed at 3958.00 points, above the annual line, with a change of 0.43% [1] - The total trading volume of A-shares reached 1552.045 billion yuan [1] - A total of 131 A-shares have surpassed the annual line, with notable stocks including Xusheng Group, Chongqing Port, and *ST Zhisheng showing significant deviation rates of 8.27%, 8.15%, and 4.95% respectively [1] Group 2 - Stocks with the highest deviation rates from the annual line include: - Xusheng Group (10.01% increase, 8.74% turnover rate, latest price 15.38 yuan, deviation rate 8.27%) - Chongqing Port (10.02% increase, 2.26% turnover rate, latest price 5.82 yuan, deviation rate 8.15%) - *ST Zhisheng (4.98% increase, 3.86% turnover rate, latest price 11.60 yuan, deviation rate 4.95%) [1] - Other stocks with smaller deviation rates that have just crossed the annual line include Hu塑股份, Hu鑫股份, and Heng申新材 [1]

Core Viewpoint - The cross-border payment and digital RMB sectors are experiencing significant activity, with the fintech sector rising nearly 2% despite market conditions, indicating strong investor interest and potential growth opportunities [1][6]. Group 1: Market Performance - On the morning of the 25th, cross-border payment and digital RMB concept stocks showed active performance, with the fintech sector rising nearly 2% [1][6]. - Notable stocks included Zhongyi Technology, which hit a 20% limit up, and Sifang Jingchuang, which rose over 10%, while several others like Lakala and Nantian Information increased by over 4% [1][6]. - The largest and most liquid fintech ETF (159851) rose by 1.84%, with a trading volume exceeding 300 million yuan, indicating a significant increase in market activity [1][6]. Group 2: Policy and Strategic Developments - The People's Bank of China and eight other departments issued guidelines to support the construction of the Western Land-Sea New Corridor, emphasizing the exploration of international cooperation in digital finance [3][8]. - The guidelines support participation in multilateral central bank digital currency bridge projects and promote the use of central bank digital currencies in cross-border payments with countries like Thailand, Hong Kong, UAE, and Saudi Arabia [3][8]. - The projected global cross-border payment market is expected to reach $290 trillion by 2030, with the RMB's share estimated at 10%-20% and digital currency penetration at 20%-40%, translating to a market potential of 40.6 to 162.4 trillion yuan [3][8]. Group 3: Investment Opportunities - The current valuation of the CSI Fintech Theme Index is at a near six-month low, suggesting that the market has absorbed previous highs, making it a potentially favorable time for left-side allocation in fintech [3][8]. - The fintech ETF (159851) and its linked funds are recommended for investment, covering a wide range of sectors including internet brokerage, financial IT, cross-border payments, and AI applications [4][9]. - As of December 22, the fintech ETF (159851) had a scale exceeding 9.8 billion yuan, with an average daily trading volume of 800 million yuan over the past six months, indicating strong liquidity and market interest [4][9].

12月25日早盘，跨境支付(CIPS)板块直线拉升。截至 10:33， 四方精创、中亦科技涨超10%，翠 微股份、拉卡拉、楚天龙、新晨科技、新国都等跟涨。 | ટેન | | 翠微股份 | 14.71 | +4.55% | +0.64 | | --- | --- | --- | --- | --- | --- | | | | 603123 | | | | | 创 | + | 新国都 | 26.30 | +3.34% | +0.85 | | | | 300130 | | | | | 创 | | 中亦科技 | 41.99 | +15.83% | +5.74 | | | | 301208 | | | | | 创 | | 四方精创 | 37.65 | +10.51% | +3.58 | | | | 300468 | | | | | 创 | | 拉卡拉 | 24.39 | +7.68% | +1.74 | | | | 300773 | | | | | SZ | | 楚天龙 | 19.86 | +3.71% | +0.71 | | | | 003040 | | | | | 创 | | 新晨科技 | 19.95 | +4. ...

金融股再度走强，中亦科技、证通电子双双涨停，四方精创、东北证券、中国平安、中国太保、九鼎投 资、中油资本、拉卡拉等纷纷冲高。 ...

Group 1 - The core viewpoint of the news is the strong performance of the financial technology sector, highlighted by the rise of the China Securities Financial Technology Theme Index and its constituent stocks, driven by supportive government policies for digital currency and cross-border payment initiatives [1][2] Group 2 - As of December 25, 2025, the China Securities Financial Technology Theme Index (930986) increased by 1.04%, with notable gains from stocks such as Lakala (300773) up 5.43%, Sifang Jingchuang (300468) up 5.25%, and Nantian Information (000948) up 3.97% [1] - The People's Bank of China and eight other departments released an opinion on December 24, supporting the construction of the Western Land-Sea New Corridor and promoting the use of central bank digital currencies in cross-border payments with countries like Thailand, Hong Kong, UAE, and Saudi Arabia [1] - The digital renminbi is expected to accelerate penetration across the industrial chain, with significant growth potential in the banking IT and financial technology sectors, as well as in downstream payment ecosystems [2] - The top ten weighted stocks in the China Securities Financial Technology Theme Index account for 53.31% of the index, with companies like Tonghuashun (300033) and Dongfang Caifu (300059) among the leaders [2]

证券日报网讯12月9日，中亦科技（301208）在互动平台回答投资者提问时表示，公司如有达到披露标 准的订单合同，将严格按照相关规则要求履行信息披露义务。 ...

Group 1: Financial Performance - The company reported a revenue of 66,114.49 million CNY in Q3 2025, a decrease of 2.54% compared to the same period last year [2] - The net profit attributable to shareholders was 3,224.42 million CNY, down 40.44% year-on-year [2] - The decline in net profit is attributed to factors such as reduced IT infrastructure budgets, increased market competition, and investments in quality construction [2] Group 2: Market Position and Client Base - As of mid-2025, revenue from the financial sector accounted for 74.69% of total revenue, with banking clients contributing 48.11% and other financial clients 26.58% [6] - The company has established business partnerships with over 150 new clients across various sectors, including manufacturing, transportation, telecommunications, healthcare, and education [6] Group 3: Strategic Development - The company aims for "service expansion, strengthening solutions and products, and sustainable quality growth" as its strategic goal [7] - Focus areas include enhancing quality construction, cash flow management, and building a differentiated technical service and product system [8] Group 4: Technological Integration - The company is enhancing its full-cycle consulting capabilities in IT infrastructure, providing comprehensive services from planning to implementation [3][4] - AI applications are being integrated into operations, focusing on intelligent operation products, efficiency improvement solutions, and digital support systems [9] Group 5: Cash Flow Management - The operating cash flow increased by 48.77% in the first three quarters, with a focus on stable cash flow management as a core business process [10] - The company has established a robust investment evaluation model and is actively seeking quality assets and enterprises for strategic investments [10]

Group 1 - The company has not yet ventured into the humanoid robot business [2] - The company holds a stake in Shanghai Turing Tianwen Intelligent Technology Co., Ltd [2] - The company expressed gratitude for investor interest in their operations [2]