Core Insights - RWA (Real World Assets) has emerged as a hot topic in the financial sector, with predictions from BCG estimating the market size could reach $16 trillion by 2030, equivalent to 10% of global GDP [1] - The article raises questions about the fundamental differences between RWA and the failed P2P lending model, particularly regarding asset transparency and trust [1][5] - RWA is defined as the tokenization of tangible and intangible assets, allowing for fractional ownership and broader participation in investments [3][4] Group 1: RWA Definition and Mechanism - RWA refers to tangible assets like real estate and gold, as well as intangible assets like bonds and intellectual property [1] - The tokenization process allows traditional assets to be divided into smaller shares, making them accessible to a wider range of investors [3] - RWA utilizes blockchain technology and smart contracts to enhance transparency and automate transactions, reducing reliance on traditional financial intermediaries [4][7] Group 2: Comparison with P2P Lending - RWA is seen as an evolution of the P2P model, addressing issues of credit risk and information opacity by using verified assets as collateral [4][6] - Unlike P2P, which relied on borrower creditworthiness, RWA uses tangible assets to ensure reliability and control over risks [4][6] - The global nature of RWA introduces new risks, as it can lead to a "legal island" scenario where regulatory oversight becomes complicated [10][11] Group 3: Market Dynamics and Geopolitical Implications - The RWA market is significantly influenced by state-backed assets, with a notable share of the market being driven by U.S. Treasury tokenization [12][13] - RWA facilitates capital flow into U.S. assets, potentially undermining the financial sovereignty of non-U.S. economies [13][14] - Countries are facing a dilemma between embracing RWA for economic benefits and protecting their financial systems from external influences [15][16] Group 4: Risks and Challenges - Despite improvements over P2P, RWA still faces risks related to asset authenticity and liquidity, particularly with non-standardized assets [6][9] - The potential for "pseudo-RWA" projects that lack real asset backing poses a significant threat to investors [8] - The article emphasizes the need for investors to understand the underlying assets in RWA investments to avoid pitfalls similar to those experienced in P2P lending [17]

据上证报报道，全球首个RWA 注册登记平台将于8月7日上线，由香港 Web3.0 标准化协会发起，将打通 RWA资产代币化的数据化、资产化和金融化全过程服务体系。 国投智能：布局数字货币安全和取证相关业务，主要涉及电子数据取证、相关安全防护技术及数字货币 所需的数字身份认证等。 恒生电子：公司是中国领先的金融科技解决方案提供商，业务是为证券、银行、基金、期货、保险等金 融机构提供全栈式IT系统和服务，覆盖交易、资产管理、风险管理、数据中台等领域。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 华泰证券表示，稳定币市场正处在一个关键的转折点，从一个主要服务于加密货币交易的利基工具，演 变为日益融入全球支付和金融体系的基础设施层。长期看，稳定币的规模或具备三阶段需求驱动:作为 不可或缺的"链上现金"，或受益加密资产规模增长；服务现实世界金融应用，作为新一代支付轨道，或 重塑跨境支付全球格局；从金融领域延伸到社交、游戏等去中心化应用全生态，捕获金融应用以外的价 值。 中信证券表示，随着全球范围内各地监管政策的落地，稳定币行业有望实现合规发展。未来应用层有望 在广度和深度上不断延伸 ...

Group 1: Investor Relations Activities - The company organized a high-end agricultural product innovation seminar on August 2, 2025, where it signed strategic cooperation agreements with Costa and Zhongke Yuandian [2][3] - Participants included representatives from various securities firms, indicating a broad interest in the company's activities [3] Group 2: RWA Asset Development - The company is actively researching the RWA (Real World Asset) pathways for high-end agricultural products and water assets, leveraging partnerships with intermediaries [4] - The agricultural division has established high-value crop cultivation businesses, including collaborations with US-based companies [4] Group 3: Flood and Drought Prevention Systems - The company's flood and drought disaster prevention systems are operational in over 20 provinces and 2000 counties, showcasing its extensive reach and technical capabilities [5] - The Beijing flood prevention command platform, built by the company, provides precise data support with millimeter-level accuracy [5] Group 4: Strategic Acquisitions and Collaborations - The company is preparing to participate in the bidding for the Huai'an Design Institute, which has a strong track record in water conservancy design [6][7] - A strategic cooperation agreement has been signed with Huai'an Design Institute to enhance project collaboration [6][7] Group 5: Agricultural Water Conservancy Policies - Recent national policies support increased investment in agricultural water conservancy, providing a favorable environment for future orders and revenue growth [8][9] - The company plans to leverage national strategies for water conservancy and rural revitalization to expand its project portfolio [9] Group 6: Technological Integration and Development - The company aims to integrate modern technologies such as IoT, cloud computing, and AI with traditional water conservancy and agriculture sectors to enhance productivity [9] - Continuous investment in R&D is emphasized to drive innovation and improve industry standards [9]

Group 1: Investor Relations Activities - The company held an RWA Era High-end Agricultural Products Innovation Seminar on August 2, 2025, in Tianjin, where strategic cooperation agreements were signed with Costa and Zhongke Yuandian [2][3]. - Participants included representatives from various securities firms and investment funds, indicating a broad interest in the company's activities [3]. Group 2: Business Development and Strategy - The company is actively researching pathways to integrate high-end agricultural products with water resources assets, leveraging partnerships with brokers and relevant entities [4]. - The company has established a leading position in high-standard farmland construction and operation, with significant experience in agricultural water conservancy and intelligent irrigation systems [4]. Group 3: Disaster Prevention and Management - The company's disaster prevention systems, developed by Huitu Technology, are operational in over 20 provinces and 2000 counties, providing real-time data for flood and drought management [5]. - The Beijing flood prevention command platform, built by Huitu Technology, demonstrates the effectiveness of the company's technology in providing precise data support [5]. Group 4: Mergers and Acquisitions - The company is preparing to participate in the bidding for the Huai'an Design Institute, which has a strong track record in water conservancy design [6][7]. - Successful acquisition of the Huai'an Design Institute is expected to enhance the company's capabilities in complex project designs and facilitate participation in significant projects like the Yarlung Tsangpo River Hydropower Station [7]. Group 5: Policy and Market Outlook - Recent national policies supporting agricultural water conservancy are expected to drive future orders and revenue growth for the company [8][9]. - The company plans to expand its national footprint and leverage integrated solutions to capitalize on opportunities presented by national strategies such as "Water Conservancy Power" and "Rural Revitalization" [9]. Group 6: Technological Integration - The company aims to enhance its technological capabilities by integrating modern technologies such as IoT, cloud computing, and AI with traditional water conservancy and agriculture sectors [9].

Group 1: Investor Relations Activities - The company held an RWA Era High-end Agricultural Products Innovation Seminar on July 2, 2025, where strategic cooperation agreements were signed with Costa and Zhongke Yuandong [2][3] - The seminar involved discussions on recent business developments and responses to investor inquiries [3][4] Group 2: Agricultural and Water Management Initiatives - The company is actively researching pathways to integrate high-end agricultural products with water assets, leveraging partnerships with brokers and relevant entities [4] - The company has established a leading position in high-standard farmland construction and operation, with significant experience in agricultural water management [4] Group 3: Flood and Drought Prevention Systems - The company's flood and drought disaster prevention systems are operational in over 20 provinces and 2,000 counties, providing real-time monitoring and precise data for local flood control decision-making [5] - The technology has been successfully implemented in platforms like the "Beijing Water and Drought Disaster Prevention Comprehensive Command Platform," showcasing its effectiveness [5] Group 4: Strategic Acquisitions and Collaborations - The company is preparing to participate in the bidding for the Huai'an Design Institute, which has a strong track record in water conservancy design [6][7] - A strategic cooperation agreement has been signed with Huai'an Institute to enhance collaboration in technology and resources [6] Group 5: Policy and Market Opportunities - Recent national policies have increased investment in agricultural water conservancy, providing a favorable environment for future orders and revenue growth [7] - The company plans to expand its national footprint and leverage integrated solutions to align with national strategies for water conservancy and rural revitalization [7]

事件：公司 2025 年上半年实现营业收入 13.7 亿元，同比增长 12%，实 现归母净利润 3.1 亿元，同比增长 12%，扣非归母净利润 3 亿元，同比增 长 13%。单 Q2 来看，实现营收 8.1 亿元，同比增长 5%，实现归母净利 润 1.7 亿元，同比增长 3%。 国际化战略加速落地，海外收入占比突破 20%。海外营收 2.8 亿元，同 比增长 26%，占比提升至 21%（较 24 全年占比提升 5 个百分点），增速 远超国内业务（国内业务营收 10.8 亿元，同比增长 9%，占比 79%）。 公司全球化布局进展顺利，印尼工厂全面投产，沙特工厂预计下半年可投 产，墨西哥工厂建设积极推进，且在阿联酋/孟加拉/埃及等设有制造工厂， 未来有望进军南非等区域。我们认为，公司积极拓展海外，依靠自身优质 产品能力有望逐步拓展到系统和生态集成交付模式，进一步提升全球市场 话语权，创造多个营收增长极，目前公司海外业务整体尚处于前期投资阶 段，未来释放利润后有望进一步增强公司盈利能力。 订单储备创新高，电网主业韧性凸显，智能终端下半年有望加速迭代。公 司上半年新签订单 16 亿元（同比+8%），在手订单 40 亿 ...

《科创板日报》2日讯，全球首个RWA 注册登记平台将于8月7日上线，由香港 Web3.0 标准化协会发 起，将打通RWA资产代币化的数据化、资产化和金融化全过程服务体系。（记者 黄心怡） 独家｜全球首个RWA注册登记平台将于8月7日上线 ...

RT Sky (@SkyEcosystem)Now expanding to Avalanche with a $250M target deployment into Centrifuge’s JAAA, @grovedotfinance is scaling institutional credit onchain.The RWA Star. https://t.co/urL6os0mQp ...

🔥 LATEST: August is packed with crypto events.From DeFi, RWA and BTC, there’s something for everyone. https://t.co/6WvoKAQFjZ ...

Core Insights - The launch of the Phoenix News Digital Economy Channel on August 1, 2025, marks a significant step in the digital economy landscape, coinciding with the enactment of the Hong Kong Stablecoin Issuance and Regulation Ordinance, drawing widespread industry attention [1][2]. Group 1: Channel Features - The Digital Economy Channel features several core sections including "Industry Hotspots," "Industry Map," "Global Digital Economy News," "Digital Cities," "Digital Knowledge," and "Global Experts Speak," aimed at providing comprehensive insights into the digital economy [2]. - "Industry Hotspots" will track real-time developments in the digital industry, while "Industry Map" will offer resources for enterprise positioning within the complex digital ecosystem [2]. - The channel will utilize various formats such as articles, videos, live broadcasts, interviews, and interactive topics to create a content ecosystem that combines authority and broad dissemination [2]. Group 2: Expert Analysis - The inaugural focus of the channel is on the Hong Kong Stablecoin Issuance and Regulation Ordinance, featuring expert analyses from notable figures in the field, including Dr. Li Ming and Ye Kai, who will discuss the implications of the stablecoin legislation on RWA, Web3 innovation, cross-border payments, and financial infrastructure [3]. - These expert insights aim to help industry readers understand policy trends and seize development opportunities, providing valuable decision-making references for the sector [3]. Group 3: Future Development - The channel aims to become a global hub for digital economy dissemination, focusing on "Technological Innovation × Industry Integration × Global Governance" as its core development framework [4]. - It will create a collaborative service ecosystem, offering multinational regulatory bodies policy implementation insights and assisting multinational companies in navigating compliance paths and market opportunities [4]. - By connecting Hong Kong with the global digital economy market, the channel seeks to uncover global opportunities in areas such as RWA and cross-border payments, contributing to a balanced and innovative global digital asset ecosystem [4].