【私募调研记录】望正资产调研中科金财

Group 1 - The core viewpoint of the news is that Zhongke Jincai has been exploring stablecoin business for four years, focusing on policy and industry developments, and actively seeking suitable application scenarios for stablecoins [1] - Zhongke Jincai's stablecoin business is based on short drama overseas scenarios, involving cross-border payments across multiple countries with high-frequency transactions, which presents a suitable application for stablecoins due to inefficiencies in financial infrastructure [1] - The business model for stablecoins includes interest income from fund management, service fees, transaction fees, and technology services such as custody and banking SaaS system services [1] - Recent legislative developments include the U.S. Senate passing the GENIUS Stablecoin Act and the Hong Kong Legislative Council passing the Stablecoin Regulation Draft, establishing a comprehensive regulatory framework for stablecoin issuance and related activities [1] Group 2 - Shenzhen Wangzheng Asset Management Co., Ltd. is led by prominent figure Wang Penghui and comprises many star fund managers and professionals, aiming to build a complete governance system and an asset management platform with both private and public management functions [2]