上海国资系稳定币龙头：手握稀缺牌照+政策红利，或成数字金融新标杆

Core Insights - A Shanghai-based fintech company with state-owned background is poised to seize historic opportunities amid the digital finance revolution, supported by its licensing advantages and industry resources [1] - The Shanghai State-owned Assets Supervision and Administration Commission (SASAC) is accelerating the strategic layout of stablecoin technology applications, indicating a significant shift in local state-owned enterprises [1][3] - The global stablecoin market is projected to exceed $1 trillion by 2030, highlighting the potential for companies with specific characteristics to thrive [3] Company Characteristics - Companies with state-owned control are expected to benefit from policy advantages [3] - Scarcity of financial licenses related to cross-border payments and digital currencies is a key factor [3] - Multi-domain technology reserves, including blockchain, financial IT, and digital identity, are essential for success [3] - Current stock prices of these companies are at historical lows, indicating potential for valuation recovery [3] Notable Companies - The following companies are highlighted for their potential in the stablecoin market: - Yuxin Technology (300674) - Feitian Integrity (300386) - Hailian Jinhui (002537) - Sifang Jingchuang (300468) [3] Strategic Paths in Digital Finance - Cross-border payment innovation through blockchain technology to enhance digital asset efficiency for state-owned enterprises [4] - Regulatory technology breakthroughs with the establishment of a compliance innovation "sandbox mechanism" [4] - Infrastructure upgrades aimed at creating application scenarios for central bank digital currencies (CBDC) [4] Company Activities - The company is a leader in bank IT system construction and has participated in the upgrade of JD Pay systems, benefiting from the digital transformation of financial institutions [5] - It is recognized as a hidden champion in digital security, providing encrypted authentication for cross-border payments and leading in digital identity authentication technology [5] - The company holds a cross-border payment license and is involved in the pilot program for digital renminbi cross-border settlement, positioning itself in core stablecoin application scenarios [5]