稳定币潮 涌头部公募谨慎试水新蓝海

Group 1 - The core viewpoint is that the implementation of the Hong Kong Stablecoin Regulation on August 1 marks the beginning of a trillion-dollar market, prompting major public fund institutions to cautiously explore this new financial ecosystem while actively advancing their business layouts [2][4][9] - Major public fund institutions are adopting a dual approach, focusing on both business development and maintaining a prudent attitude towards the emerging investment landscape [2][11] - Compliance is emphasized as a critical factor in navigating the new investment environment, with institutions acknowledging the need to find their positioning and establish differentiated competitive advantages [2][4][11] Group 2 - The heat surrounding stablecoins is increasing as the regulation's effective date approaches, with significant stock price movements observed in related companies, such as Guotai Junan International, which saw a 198% increase [3] - The rise of stablecoins is expected to lead to a transformation in trading methods and financial infrastructure, with predictions of a 24/7 trading environment enabled by blockchain technology [6][9] - The potential for tokenization of real-world assets (RWA) is highlighted, with ongoing explorations into how stablecoins can facilitate transactions and improve efficiency in both virtual and traditional asset markets [4][6][9] Group 3 - The regulatory framework established by Hong Kong is seen as a significant step towards providing the necessary regulatory certainty for the stablecoin industry, which is crucial for fostering innovation in the financial sector [4][10] - Institutions are actively participating in sandbox initiatives to test new digital currency models and tokenized asset transactions, indicating a collaborative effort to explore the future of finance [9][10] - The introduction of virtual asset ETFs by major public funds in Hong Kong represents an initial attempt to engage with virtual currency assets, showcasing the growing interest and involvement of Chinese asset management firms in this space [10]