HUATIE(SH:603300) 光大证券研究·2025-06-05 13:36Group 1 - The company is planning to issue shares overseas (S shares) and list on the Singapore Exchange to enhance its international strategy and global business expansion [3] - Singapore ranks first globally in AI infrastructure with a score of 8.91, surpassing South Korea (7.71) and the UK (6.93), indicating a strong environment for AI industry development [4] - In terms of AI talent, Singapore has 8.8 AI professionals per 1,000 LinkedIn users, and 31.8% of published research papers are focused on AI [4] Group 2 - Singapore is recognized as one of the most crypto-friendly jurisdictions globally, ranking fourth in cryptocurrency regulatory friendliness [5] - The cryptocurrency ownership rate among Singapore residents is 23%, significantly higher than the global average of 7.8% [5] - In 2024, Singapore issued 13 major payment institution (MPI) cryptocurrency licenses, double the number from 2023, showcasing the growing mainstream acceptance of cryptocurrency [5]