2025年的香港金融圈，最火的词莫过于RWA。 朗新的充电桩、协鑫的光伏电站，一个个实体资产扎堆"上链"；全球链上RWA资产总市值已经冲破250亿美元，波士顿咨询更是预测，到2030年这个数字 会涨到10万亿美元——相当于现在的400倍！ 一边是加密货币的强监管，一边是数字经济转型的大趋势，RWA（真实世界资产代币化）就像一座桥，把充电桩、写字楼这些实实在在的资产，和全球 资本连了起来。 什么是RWA？实体资产怎么"上链"？今天就用大白话把这波风口讲透，不管是做实业想融资，还是想了解新趋势，都能看明白。 其实RWA的核心特别简单：用区块链技术，给实体资产发一张"数字身份证"（也就是数字通证），让它能在全球范围内便捷交易。 举个直观的例子：协鑫有82个光伏电站，以前想融资，要么找银行慢慢走流程，要么找私募，门槛高还费时间。现在用RWA模式，把这些电站的收益权 变成数字通证，通过合规机构发行，全球的机构投资者都能买，很快就融到了2亿多。 本质上，就是把"实体资产→数字凭证→全球流通"的链条打通，重新定义了资产怎么确权、怎么交易、怎么分收益。 想做成一个RWA项目，得满足四个关键条件：首先得有能稳定赚钱的实体资产（ ...

Core Insights - The narrative around financial digital innovation has shifted towards "smart digitalization" replacing "digitalization" due to breakthroughs in AI models and the introduction of stablecoin regulations in regions like the US and Hong Kong since 2025 [1] - The excitement surrounding AI and tokenization mirrors the early days of internet finance, emphasizing the need to eliminate intermediaries and enhance customer targeting and risk control [1] - AI and blockchain are tools in financial innovation, and understanding the essence of financial innovation is crucial for effective application [1] Group 1: Financial Innovation Technologies - Financial innovation requires three key technologies: financial technology, institutional technology, and scientific technology [2][3] - Financial technology encompasses broad economic and financial knowledge, emphasizing that financial innovation is fundamentally about finance, not just technology [3] - Institutional technology involves legal and regulatory frameworks that ensure stakeholder rights and risk prevention during financial transactions [4] - Scientific technology plays a supportive role in financial innovation, facilitating breakthroughs and improvements through the application of new and existing technologies [4][5] Group 2: Role of AI and Human Intervention - AI should not be viewed as a complete replacement for human roles; rather, it should enhance human capabilities in financial processes [6][7] - Relying solely on AI for risk control in lending has shown that human intervention can significantly improve loan quality [7] - The pursuit of reducing human labor through AI must be balanced with the need for human oversight to avoid misdirection in innovation [7] Group 3: Technology and Business Compatibility - No single technology can address all aspects of financial business; a combination of technologies is often necessary to meet specific business needs [8][9] - Financial transactions are based on trust and relationships, which cannot be solely managed by technology [9][10] - The complexity of financial services requires a nuanced approach to technology application, ensuring that it aligns with the unique characteristics of financial transactions [10][11] Group 4: Cost-Effectiveness in Financial Innovation - The primary goal of financial innovation is to achieve reasonable returns that cover costs and risks while serving the real economy [14] - Smaller financial institutions face challenges in competing with larger ones regarding technology investment and returns, necessitating strategic resource allocation [14][15] - The application of new technologies should be evaluated based on their cost-effectiveness and overall impact on business operations, rather than simply replacing old technologies [16][17]

Core Insights - The Chang'an Chain has made significant advancements in blockchain technology over the past five years, focusing on high-performance computing chips, underlying architecture, and privacy computing, which support major national projects such as cross-border trade and global payments [1][2][3] - Since 2022, the Chang'an Chain has maintained the highest market share in China, contributing to the convergence of domestic blockchain technologies and enhancing the quality of development across various industries [1][3] Group 1 - The Chang'an Chain's research team has developed the world's first 96-core blockchain-specific chip, increasing transaction performance by 50 times and overcoming computing bottlenecks for large-scale blockchain applications [2] - A new type of blockchain architecture has been created that is dynamically adaptive and configurable, allowing for precise construction of blockchain systems tailored to complex scenarios [2] - The entire codebase of the Chang'an Chain, comprising over 3.1 million lines, is available for free download, with plans for deeper open-sourcing of core chip technology by 2025 [2] Group 2 - During the 14th Five-Year Plan, China's blockchain technology innovation capabilities have strengthened, with core technologies maturing and leading innovations emerging, including the Chang'an Chain [3] - The usage rate of domestic blockchain products has increased from less than 40% to over 90% in the past five years, with the Chang'an Chain leading due to its technical advantages and performance [3] - The development of the Chang'an Chain is a complex system engineering project closely aligned with national needs, resulting in capabilities that support significant national projects like cross-border trade [3]

异动分析 来源：新浪证券-红岸工作室 数据确权+云计算+区块链+网络安全+互联网金融 1、2021年年报显示：子公司快视听致力于利用区块链技术赋能行业，拓展公司相关技术在元宇宙发展 中的应用。旗下洞壹元典平台通过发行数字藏品，充分发挥区块链底层技术防篡改、可验证的属性，面 向文化艺术、音乐、时尚潮玩、零售等领域，为数字内容提供新的确权和版权证明。并通过数字藏品这 一载体，创造全新的数字内容销售、传播、品牌营销的模式。进一步在数字艺术品收藏、粉丝经济、元 宇宙数字资产等核心业务场景中发挥确权价值。 2、2023年2月2日互动易：公司拥有融合云视频平台方案，立足于视频云计算SaaS的综合服务，汇集深 度学习和大数据分析的AI技术，可满足会议媒体、监控媒体、办公媒体、业务媒体多应用场景的融合 业务，实现系统、设备、视频流全方位接入，所有资源统一接入、统一处理、统一调度、统一存储、统 一分发。 3、2018年年报披露：数码科技在版权保护与新技术结合方面做了许多前沿探索,在通过对版权内容加 密、加水印技术保护同时，研究基于区块链的数字版权管理技术。此研究能够保证软件发行的授权,作 者对每一个自己著作权的版权控制则能够变 ...

Group 1 - The core viewpoint of the news is that China National Foreign Trade Transportation Group Co., Ltd. (China Foreign Trade) has experienced a decline in stock price and financial performance, with a notable drop in revenue and net profit year-on-year [1][2]. - As of January 12, the stock price of China Foreign Trade was reported at 6.05 yuan per share, with a market capitalization of 43.401 billion yuan [1]. - The company has seen a net outflow of main funds amounting to 4.206 million yuan, with significant selling pressure observed [1]. Group 2 - For the period from January to September 2025, China Foreign Trade reported an operating income of 75.038 billion yuan, a year-on-year decrease of 12.62%, and a net profit attributable to shareholders of 2.679 billion yuan, down 5.17% year-on-year [2]. - The company has distributed a total of 10.76 billion yuan in dividends since its A-share listing, with 5.967 billion yuan distributed over the past three years [3]. - As of September 30, 2025, the number of shareholders decreased by 13.89% to 43,500, while the average circulating shares per person increased by 16.18% to 121,215 shares [2][3].

Core Insights - The exhibition is the only professional trade fair for clean energy in Central Asia, highlighting its unique and specialized nature [5] - The event is supported by the Uzbekistan Economic Committee and the Tashkent city government, ensuring high-quality execution [5] - Trade between China and Central Asian countries reached $89.4 billion in 2023, a 27% increase year-on-year, indicating significant business opportunities for exhibitors [5] Exhibition Details - The exhibition will take place from August 26 to 28, 2026, at the Tashkent International Exhibition Center (ANHOR) [4] - It will feature over 600 exhibitors from 8 countries and attract more than 25,000 industry professionals [4] Market Background - Uzbekistan, with a population of approximately 36 million, serves as a major energy consumption market, providing a solid foundation for power equipment and services [6] - The country's power grid is interconnected with all Central Asian neighbors, making it a key hub for energy exchange in the region [6] - Uzbekistan is collaborating with Kazakhstan and Azerbaijan to establish a green energy corridor to Europe by 2030, enhancing its strategic position as a potential green energy exporter [6] Development Potential and Demand - Rapid economic growth, population increase, and the electrification of transportation are driving a significant rise in electricity demand, projected to reach 1,170 to 1,300 billion kilowatt-hours by 2030, a 70% increase from current levels [7] - Uzbekistan has abundant solar and wind resources, with annual sunshine exceeding 320 days, making it a leader in renewable energy potential in Central Asia [7] National Strategy and Policies - President Mirziyoyev is personally driving energy reforms with ambitious green energy goals, ensuring continuity and resource investment [8] - Systematic market reforms are being implemented, including the establishment of independent operators to create a transparent and competitive market environment [9] - The government plans to freeze electricity and gas prices for at least three years starting in 2026, providing cost predictability for investors [9] Exhibition Scope - The exhibition will cover a wide range of sectors, including power distribution equipment, smart grid technologies, renewable energy solutions, and emergency response equipment [10][11] Participation Recommendations - Companies should accurately position their products to meet the specific needs of the Central Asian market and conduct thorough market research prior to the exhibition [11] - Utilizing the exhibition platform for product demonstrations and follow-up engagement is crucial for maximizing business opportunities [12]

Policy Environment - The Ministry of Industry and Information Technology and seven other departments have issued a document to accelerate the intelligent transformation of the manufacturing industry, promoting the industrialization and commercialization of AR/VR and brain-computer interface technologies [1] Industry Development - The 2026 Consumer Electronics Show (CES) officially opened in Las Vegas on January 6, showcasing cutting-edge achievements in semiconductors, artificial intelligence, robotics, and consumer electronics, with a focus on AI and smart hardware [3] - Meta has postponed the international expansion of its Ray-Ban Display smart glasses due to unprecedented demand in the U.S. market, with a waiting list extending to 2026 [5] - NVIDIA's CEO Jensen Huang announced at CES that the robotics field has entered a "ChatGPT moment," introducing a series of open-source "physical AI" models [7] - Google and XREAL have extended their strategic partnership, with XREAL becoming a key hardware partner in the Android XR ecosystem [9] - Elon Musk's AI startup xAI has completed a $20 billion Series E funding round, exceeding its initial target of $15 billion [11] - ByteDance's "Doubao" AI glasses are set to enter the shipping phase, with a no-screen version expected to launch in Q1 and a display version in Q4 of this year [13] Market Dynamics - Apple is expected to unveil new products in February, with the iPhone 17e rumored to feature the A19 chip, which is projected to improve CPU performance by 5%-10% compared to the A18 chip [15] - TOZO, a Seattle-based consumer electronics brand, showcased its smart glasses series at CES 2026, with an annual shipment volume of 5 to 6 million units [20][22] - L'Atitude 52°N presented two AI glasses at CES 2026, focusing on travel documentation and outdoor communication, with a lightweight design and high protection ratings [22]

（来源：中国交通新闻网） 转自：中国交通新闻网 2026年是"十五五"开局之年，也是河南加快交通强省建设的关键攻坚之年。1月12日，河南省交通运输厅在郑州召开2026年全省交通运输工作会议，聚 焦"1+2+4+N"目标任务体系，着力推进综合立体交通网建设，着力推进一体化融合、安全化提升、数智化升级、绿色化转型，突出稳投资、调结构、降成 本、强创新、惠民生、优治理、保安全，实施"十大行动"，确保实现"十五五"良好开局。 实施内河航运提速行动。持续推进"11246"工程，建成唐河省界至马店段等7个项目，加快建设沙颍河周口至省界航道提升工程等5个在建项目，开工建设沙 颍河"通港达园"工程等12个项目，积极推进信阳港、漯河港等重要港口扩容提质，年内完成相关基础设施投资72亿元。 实施公路畅通提质行动。以打通堵点断点、完善路网功能、提升服务效能为重点，重点围绕提升干线公路网品质和效率，加快国家高速网贯通、繁忙主通道 扩容、省际通道畅通等，加强交通基础设施更新和数智化改造，年内完成投资253亿元。 实施重卡充换电网络建设行动。在全省高速公路服务区、干线公路服务站点等布局建设重卡充换电站100座左右，基本形成全省新能源重卡 ...

Core Viewpoint - Oriental Fortune's stock price has shown a positive trend with a year-to-date increase of 6.21% and a recent net inflow of capital, indicating strong investor interest and confidence in the company's performance [1][2]. Financial Performance - For the period from January to September 2025, Oriental Fortune achieved a revenue of 2.543 billion yuan, representing a year-on-year growth of 13.41% [2]. - The net profit attributable to shareholders for the same period was 9.097 billion yuan, reflecting a significant year-on-year increase of 50.57% [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Oriental Fortune was 1.0139 million, a decrease of 8.84% from the previous period [2]. - The average number of circulating shares per shareholder increased by 9.70% to 13,193 shares [2]. Dividend Distribution - Since its A-share listing, Oriental Fortune has distributed a total of 4.818 billion yuan in dividends, with 2.504 billion yuan distributed over the last three years [3]. Major Shareholders - As of September 30, 2025, the top circulating shareholder was Hong Kong Central Clearing Limited, holding 540 million shares, an increase of 55.5162 million shares from the previous period [3]. - The fourth largest circulating shareholder, Guotai CSI All-Index Securities Company ETF, held 327 million shares, which increased by 132 million shares [3].

Core Insights - The article discusses the transformation of digital finance driven by advanced technologies such as big data, artificial intelligence, and blockchain, moving from "connected finance" and "intelligent finance" to "trusted finance" [1] - It highlights the Chinese government's initiatives to accelerate innovation in artificial intelligence and digital technologies, aiming to establish a modern financial system that aligns with the digital economy by 2027 [1][2] - The evolution of digital finance in China is characterized by a shift from quantity-driven growth to quality-driven development, emphasizing the importance of meeting the public's aspirations for better financial services [2] Group 1: Digital Finance Development - Digital finance in China has evolved from early electronic finance to internet finance and now to a quality-oriented digital finance ecosystem, reflecting the adaptability of production relations driven by technology [2] - The introduction of digital currency by the People's Bank of China serves as a foundational infrastructure for digital finance, optimizing financial markets and preventing financial crimes [2] - The 20th National Congress of the Communist Party of China has established the goal of building a strong financial nation, positioning digital finance as a core component of the mainstream financial system [2] Group 2: Technological Innovations - Advanced technologies such as quantum technology, generative artificial intelligence, and virtual reality are reshaping the underlying architecture and service models of digital finance [4] - The rapid iteration of large model technologies is driving the evolution of digital finance, enhancing capabilities in customer service, risk management, and transaction processing [5] - Privacy-enhancing computation technologies are enabling data value circulation while ensuring data security, supporting risk assessment and targeted marketing in financial institutions [5] Group 3: Financial Services and User Experience - Virtual reality technology is transforming user interactions with financial services, providing immersive experiences and enhancing remote financial service delivery [6] - Quantum technology offers efficient solutions for complex financial calculations, improving risk assessment and investment portfolio optimization [6] - Multi-modal biometric authentication technologies are being developed to enhance security and convenience in identity verification for emerging financial scenarios [6] Group 4: Data Integration and Asset Management - Data is recognized as a core production factor in the digital economy, with policies promoting the integration of data elements into financial services to enhance the level of service to the real economy [8] - High-quality financial data sets are essential for the development of digital finance, enabling compliance, risk management, and operational efficiency [9] - The establishment of a trusted data space is crucial for secure data circulation, addressing safety and trust issues in the development of digital finance [9] Group 5: Future Development Paths - The future of digital finance will focus on five development paths: integration of industry and technology, inclusive services, digital infrastructure, original innovation, and open collaboration [11] - The integration of advanced technologies in financial services aims to enhance service delivery and operational efficiency, while also addressing social financing issues [14] - Open collaboration in the financial ecosystem will facilitate cross-border cooperation and the development of innovative financial products for international investors [16]