Group 1 - Ant Group issued a statement denying rumors about collaborating with the People's Bank of China and China Rare Earth Group to create a rare earth RMB stablecoin, warning the public to be cautious of misleading information [1] - Following the denial, shares of China Rare Earth experienced a significant increase, rising over 4% shortly after the market opened, and closing with a gain of 1.68% [1] - The rise in interest around stablecoins has led to various rumors and fraudulent activities, prompting major fintech companies like Ant Group and JD.com to clarify their positions and warn investors [2][3] Group 2 - The Hong Kong government has implemented the Stablecoin Regulation, establishing a licensing framework for fiat-backed stablecoin issuance, which is expected to reduce compliance risks for financial institutions [5] - The first batch of stablecoin issuers includes five companies, with JD.com among them, while Ant Group has not yet entered the sandbox but plans to apply soon [6] - Regulatory requirements for stablecoin issuers in Hong Kong are stringent, aligning closely with those for electronic wallets and banks, including asset management and anti-money laundering regulations [6][7] Group 3 - The National Financial Regulatory Administration in mainland China has prohibited domestic institutions from issuing or participating in any form of stablecoin, aiming to mitigate risks associated with payment systems and consumer protection [7] - The industry is urged to accelerate the establishment of standardized governance frameworks to enhance regulatory compliance and ensure the safety of technology and business operations [7]

中国稀土（000831）集团严正声明。 8月11日晚，中国稀土集团有限公司发布严正声明，辟谣"中国稀土集团与蚂蚁集团、中国人民银行共建全球首个稀土人民币 稳定币"等相关信息。 具体如下： 近日，部分网络媒体流传"中国稀土集团与蚂蚁集团、中国人民银行共建全球首个稀土人民币稳定币"等相关信息。针对此虚 假编造、严重误导公众并扰乱金融秩序的信息，中国稀土集团有限公司(以下简称"我司")严正声明如下： 一、我司从未与相关机构、单位就所谓"稀土人民币稳定币"开展任何形式的合作、磋商或计划，该信息系不法分子恶意编 造，请社会公众和广大投资者不信不传。 二、我司提醒社会各界和广大投资者警惕非法金融活动，注意防范风险，谨防财产损失。 三、我司已向有关部门反映，严正要求有关单位立即停止侵权、诈骗等不法行为，并对任何损害我司形象、利益的行为保留 追究法律责任的权利。 四、任何对外重大合作事项请以我司官方渠道披露为准。 中国稀土集团有限公司 2025年8月11日 近日，蚂蚁集团、京东等均对稳定币相关信息进行辟谣。 据蚂蚁集团8月11日消息，蚂蚁集团关注到网络上有消息宣称"蚂蚁集团与中国人民银行、中国稀土集团共建全球首个稀土人 民币 ...

Core Viewpoint - China Rare Earth Group issued a stern statement denying rumors about collaborating with Ant Group and the People's Bank of China to create the world's first rare earth-backed RMB stablecoin [2][4]. Group 1: Company Statement - The company clarified that it has never engaged in any form of cooperation, discussions, or plans regarding the so-called "rare earth RMB stablecoin" with the mentioned institutions, labeling the information as malicious fabrication [4]. - The company urged the public and investors to be cautious of illegal financial activities and to prevent potential financial losses [5]. - The company has reported the matter to relevant authorities and reserves the right to pursue legal action against any actions that harm its image and interests [5]. Group 2: Related Responses - Ant Group also issued a statement on August 11, denying any plans to collaborate with the People's Bank of China and China Rare Earth Group on a stablecoin, warning the public to discern and avoid scams [7]. - JD.com similarly released a statement on June 30, addressing false information regarding its involvement in stablecoin projects, urging users to be vigilant against fraudulent schemes [9].

Core Viewpoint - The article addresses the false information circulating about the China Rare Earth Group's alleged collaboration with Ant Group and the People's Bank of China to create the world's first rare earth RMB stablecoin, emphasizing that this information is fabricated and misleading [3][4]. Summary by Sections - The company has never engaged in any form of cooperation, negotiation, or planning regarding the so-called "rare earth RMB stablecoin" with the mentioned institutions, labeling the information as malicious fabrication [3]. - The company warns the public and investors to be vigilant against illegal financial activities and to prevent potential financial losses [4]. - The company has reported the matter to relevant authorities and demands that the involved parties cease any infringing or fraudulent activities, reserving the right to pursue legal action against those harming its image and interests [4]. - Any significant external cooperation matters will be disclosed through the company's official channels [5].

Investment Rating - The industry rating is "Outperform the Market" [3][25]. Core Viewpoints - The report emphasizes the ongoing effects of the Federal Reserve's interest rate cuts, suggesting that the growth trend in margin financing is likely to continue. The market is currently influenced by various factors including public fund assessment regulations, capacity reduction policies, and U.S. tariff policies, leading to fluctuations in the non-bank financial sector, particularly in brokerage and multi-financial sectors [1][11]. - The insurance sector is experiencing adjustments due to new public fund regulations and is expected to see a shift in product pricing, with major companies like China Life and Ping An Life adjusting their product rates by the end of August [2][13]. - The report recommends focusing on specific stocks within the brokerage sector, such as Xinda Securities and China Galaxy, and highlights companies with strong comprehensive capabilities and those benefiting from ETF developments, like Huatai Securities and CICC [1][12]. Summary by Sections 1. Main Points - The report covers the performance of major indices, with the CSI 300 Index at 4104.97 points (up 1.23%), the insurance index at 1304.49 points (up 0.25%), and the brokerage index at 6869.85 points (up 0.8%) [8]. - The report suggests that the non-bank financial sector may experience a volatile trend, influenced by macroeconomic narratives and overseas economic data [1][11]. 2. Key Investment Portfolio 2.1 Insurance Sector - The insurance sector is viewed as having attractive valuation recovery potential, with recommendations for companies like China Ping An, China Taiping, and New China Life due to their stable operations and strong growth [14]. 2.2 Brokerage Sector - The report highlights mid-sized securities firms benefiting from innovation and market conditions, recommending companies like East Money and Zhejiang Securities. It also suggests focusing on leading firms with diversified revenue structures, such as Huatai Securities and China Galaxy, which have strong earnings outlooks [15][16].

Core Viewpoint - The company, Tianji Technology (300245.SZ), has confirmed that it is currently not involved in stablecoin or raw-related businesses, focusing instead on information technology services and industry digital solutions [1]. Group 1 - The company has clarified its business focus, which is on information technology services and industry digital solutions [1]. - There is no involvement in stablecoin or raw-related businesses as per the company's statement [1].

Group 1 - Ant Group has issued a statement denying any plans to collaborate with the People's Bank of China and China Rare Earth Group to create a stablecoin, urging the public to be cautious of misleading information [1] - JD.com has also released a statement refuting false claims regarding its stablecoin products and partnerships, warning users to be vigilant against investment scams [3] - JD.com highlighted its advantages in cross-border payments, including faster transaction speeds, lower costs, and uninterrupted service, while reiterating that its stablecoin has not been officially launched and any related information is fraudulent [5]

Group 1 - Ant Group has issued a statement denying any collaboration with the People's Bank of China and China Rare Earth Group to create a stablecoin, warning the public to be cautious of misleading information [1] - JD.com has also released a statement refuting claims about its stablecoin products and partnerships, urging users to be vigilant against fraudulent information [3] - JD.com highlighted its advantages in cross-border payments, including faster transaction speeds, lower costs, and continuous service, while reiterating that its stablecoin has not been officially launched [5] Group 2 - Both Ant Group and JD.com are addressing misinformation in the market regarding stablecoins, emphasizing the importance of public awareness to prevent financial losses [3][5] - The statements from both companies reflect a broader concern in the industry regarding the proliferation of misleading information related to digital currencies and stablecoins [1][3]

Group 1 - Ant Group refuted rumors about collaborating with the People's Bank of China and China Rare Earth Group to create the world's first rare earth-backed RMB stablecoin, emphasizing that no such plans exist [1] - The company warned the public to be cautious and to verify information to avoid falling victim to scams [1] - There have been previous warnings from local authorities regarding illegal fundraising activities disguised as stablecoin initiatives, highlighting the risks associated with such schemes [3] Group 2 - On July 7, the Shenzhen office issued a risk alert about illegal fundraising under the guise of stablecoins, indicating that some fraudulent entities exploit new concepts for publicity and to attract public funds [3]

Group 1 - Ant Group has denied claims of collaborating with the People's Bank of China and China Rare Earth Group to create the world's first rare earth-backed stablecoin, urging the public to be cautious and avoid scams [1] - The concept of stablecoins has gained traction, leading to warnings from financial authorities about illegal activities associated with it, highlighting the need for vigilance [4] - Hong Kong's Legislative Council passed the Stablecoin Bill in May, establishing a licensing system for fiat-backed stablecoin issuers to enhance regulatory frameworks and promote financial innovation [4]