ISS(600756) Xin Lang Ji Jin·2025-05-30 06:35Group 1 - The focus is on the performance of the Xinchuang ETF fund (562030), which has seen a price drop of 1.89% amid market fluctuations, while financial IT and cross-border payment stocks remain active [1] - Notably, stocks like Langchao Software and Jingbeifang have risen over 5%, and Tianyang Technology has increased by more than 3% [1] - The Xinchuang ETF fund has experienced a continuous net inflow of funds for 10 days, totaling 116 million yuan [1] Group 2 - Hong Kong's Legislative Council has passed the Stablecoin Bill, establishing a licensing system for fiat-backed stablecoin issuers, marking a significant step in regulatory oversight of virtual assets [3] - The U.S. government is also advancing stablecoin legislation, with the Senate passing the GENIUS Act, aimed at providing federal regulation for dollar-pegged stablecoins [3] - Stablecoins are seen as a bridge between traditional finance and cryptocurrencies, offering potential for faster and cheaper transactions while reducing price volatility [3] Group 3 - The Xinchuang ETF fund and its linked funds are focused on the software development industry, tracking the Zhongzheng Xinchuang Index, which covers key areas of the Xinchuang industry chain [4] - The investment logic for the Xinchuang industry includes geopolitical factors, macroeconomic support for local procurement, technological advancements by domestic manufacturers, and the timing of procurement standards [4]