Core Viewpoint - The Shenzhen-Singapore cross-border data verification platform has been launched for trial operation, marking the first digital infrastructure for data circulation between Guangdong and Singapore [1][3]. Group 1: Platform Overview - The platform utilizes a "user self-upload and platform hash verification" model to address compliance, security, and trust issues in cross-institutional, cross-industry, and cross-scenario data integration [1][3]. - The initial phase will pilot in the cross-border financial sector between Shenzhen and Singapore, with participation from Baihang Credit and Experian Credit Services Singapore for mutual verification of personal credit reports [3]. Group 2: Technological Framework - The platform is developed based on China's open-source blockchain technology FISCO BCOS and a distributed data transmission protocol (DDTP), leveraging blockchain's immutable and traceable advantages for trustworthy verification [3]. - Users are central to the cross-border transmission of personal information data, allowing them to download and autonomously transmit data while controlling the scope and purpose of its use [3]. Group 3: Future Expansion and Support - The platform aims to expand its verifiable data sources and application scenarios to facilitate cultural exchanges and business investments between Shenzhen and Singapore, as well as provide replicable practices for digital cooperation between the Guangdong-Hong Kong-Macao Greater Bay Area and ASEAN countries [3]. - A network data security compliance laboratory has been established in Shenzhen Qianhai, which will support the platform's future expansion, rule formulation, and upgrades [4].

币界网11月26日讯,美国劳工部最新发布的9月生产者物价指数(PPI)数据显示,尽管能源和食品成本推动整体PPI环比上涨0.3%,但核心PPI同比涨幅降至2.6%,为 2024年7月以来最低水平。这一数据与美联储核心通胀指标——个人消费支出(PCE)物价指数的计算密切相关,而12月5日将发布的官方PCE报告,将成为美联储 12月利率会议的关键决策依据。 在通胀数据引发市场广泛讨论之际,区块链钱包领域的技术革新同样备受瞩目。作为XBIT去中心化交易所的核心配套工具,XBIT Wallet去中心化web3钱包凭 借其独创的"三重密钥防护体系"和"动态助记词加密技术",在保障用户资产安全方面展现出显著优势。币界网数据显示,该钱包通过12个助记词构成的"安全矩 阵",可生成超过2048种私钥组合路径,有效抵御量子计算攻击风险。 据币界网数据,自2025年10月升级安全体系以来,用户资产安全事件发生率下降至0.03%,远低于行业平均水平。这种技术突破不仅验证了XBIT Wallet在安全领 域的领先地位,更展现出区块链钱包在宏观经济波动中守护用户资产的核心价值。随着美联储12月利率会议的临近,XBIT Wallet将持 ...

随后，Kinexys Digital Payments执行最终支付指令，借助链上网络将资金实时转入对应Visa账户。整个流程环环相扣、响应迅速，真正做到了"指令发出，余 额立现"，为用户带来近乎即时的支付感受。 在全球化贸易浪潮与数字经济深度融合的今天，跨境支付体系正迎来新一轮技术变革。近期，跨境支付平台Payful正式宣布与摩根大通旗下的Kinexys Digital Payments达成战略合作，将借助区块链技术实现多币种即时结算，突破传统跨境交易的时间局限，推进企业支付与财资管理领域的创新。 图片来源：Payful 作为一家企业数字支付服务商，Payful拥有覆盖多币种、多场景的支付能力及广泛的全球网络。Kinexys Digital Payments网络则提供链上外汇结算服务，支 持近实时的跨境支付、自动化清算以及安全高效的数据交换。 通过此次合作，Payful将Kinexys Digital Payments数字支付网络整合进其支付解决方案，并将区块链技术应用于与Visa共同推出的Payful Card。依托其智能资 金归集与自动化处理能力，Payful能够为借记还款提供稳定、高效的端到端服务，确保 ...

在调解机制建设方面，北京融商一带一路法律与商事服务中心创建的"一带一路国际商事调解中心"展现 了京港合作的创新实践。截至2025年，该中心与境内外政府部门、法院、仲裁、律所、商协会等单位机 构签约设立126个调解室，服务能力延伸至80个国家和地区，全球1200名调解员办理商事案件5万余宗， 调解结案成功率达60%。未来，京港两地可探索建立统一的在线争端解决平台，利用区块链技术确保仲 裁与调解过程的可追溯性和透明度；共同培养熟悉两地法律规则的复合型法治人才，打造专业化服务团 队；推动形成"调解+仲裁+诉讼"有机衔接的多层次纠纷解决模式，为"一带一路"建设项目提供全流程保 障。 凭借其国际化法治环境、专业服务优势及背靠祖国、联通世界的独特地位，香港已成为"一带一路"建设 中重要的法律商事服务平台和商业争议解决中心。京港两地可通过法律规则对接、仲裁程序创新和调解 机制整合，共同构建更加高效透明的国际争端解决体系。 京港两地经贸合作机制日益成熟。截至去年年底，香港在北京累计实际投资超过1400亿美元，在北京实 际利用境外资金中的占比超六成；累计在北京设立企业总数超过1.4万家，占同类企业总数超过35%。 同时，北京在 ...

Core Insights - The 2025 International Jewelry Academic Exchange Conference was held in Beijing, focusing on "Empowering New Consumption with Technology and Innovating New Service Models" [1] - The conference, established in 1994, has become a significant international academic event, successfully hosting 17 editions to date [1] - Nearly 40 industry leaders and experts from various countries participated in the conference, including representatives from China, the USA, the UK, Switzerland, Thailand, Turkey, Italy, and Colombia [1] Group 1 - The NGTC launched a digital solution for gold jewelry traceability, introducing a digital passport that provides each piece of jewelry with a unique, immutable digital identity [3] - This solution aims to enhance operational efficiency for businesses, build consumer trust, and empower the value of jewelry through reliable traceability from production to sale [3] Group 2 - The first day of the conference featured 12 keynote speakers discussing topics related to technological innovation, sustainable development, and cultural heritage in the jewelry industry [4] - Key areas of focus included the application of blockchain technology, AI jewelry detection algorithms, gold jewelry traceability, transparency in jewelry certification, intangible cultural heritage, and gemstone origin identification [4] Group 3 - A themed forum titled "Global Jade Chain: Standards Empowering Industry-Finance Symbiosis" was held, with six forum guests discussing the international development path of the jade industry [6] - Experts emphasized the importance of a collaborative approach that integrates culture, standards, and industry effectiveness as a key driver for sustainable and international development in the jade sector [6]

Core Insights - Digital assets have become an essential part of personal and corporate wealth, encompassing various forms such as cryptocurrencies, digital copyrights, game items, and identity credentials [1] - Blockchain technology is emerging as a critical foundation for securing digital assets due to its unique architecture [1] Group 1: Blockchain Technology - Blockchain is fundamentally a distributed ledger technology that offers decentralization, immutability, and transparency [3] - Traditional digital asset storage relies on centralized servers, which pose direct threats to user assets if attacked or altered [3] - Blockchain mitigates single point of failure risks by distributing data across multiple global nodes, each maintaining a complete copy of the ledger [3] - Hash algorithms and timestamp technology provide a "anti-counterfeiting label" for blockchain data, making unauthorized modifications nearly impossible [3] Group 2: Smart Contracts - The introduction of smart contracts enhances the automation and security of digital asset management [5] - Smart contracts are self-executing agreements based on blockchain, automatically fulfilling terms when preset conditions are met [5] - In digital copyright transactions, smart contracts can automate copyright verification, payment settlement, and rights distribution, ensuring transparency and immutability [5] Group 3: Security and Privacy - Blockchain's encryption technology establishes dual defenses for user asset privacy and access control [5] - Asymmetric encryption ensures that only asset owners can authorize access and transactions, protecting data even if intercepted during transmission [5] - Privacy-preserving technologies like zero-knowledge proofs allow users to complete identity verification and transaction authorization without revealing specific data [5] Group 4: Future Implications - Blockchain technology is reshaping the security ecosystem of digital assets, serving as both a technical tool and a trust mechanism [6] - As technology matures, blockchain will play a broader role in asset verification, circulation, and traceability, providing a solid security foundation for the digital economy [6] - Blockchain may become an "invisible guardian" of digital wealth, enabling individuals to create and trade confidently in the digital world [6]

在数字经济浪潮席卷全球的2025年，支付的高效性、安全性与低成本需求已成为金融机构布局全球市场的关键竞争力。针对金 融机构在跨境支付、贸易结算及数字资产流转中面临的效率、成本与合规核心等痛点，锐融天下以区块链技术为核心驱动，推 出稳定币发行产品解决方案，助力稳定币发行机构构建起一个近乎实时、低成本且安全合规的全球数字结算网络。 01、锐融天下稳定币发行产品解决方案的独特之处 1、支持多链多币种 支持在主流公有链的多币种代币，具备完善的链上合约部署、升级与统一管理能力，助力机构快速拓展全球市场。 eKYC身份认证 智能合约 申购/赎回 证件OCR 通过OCR技术识别证件信息，提高认证效率。 活体检测 通过移动端实时活体验证，有效防范身份冒用。 人脸比对 将实时人脸与证件照片进行比对，确保申请人身份真实一致。 2、智能合约与发行机制 基于去中心化区块链共识构建发行体系，链上交易通过智能合约自动执行，保障透明可信。发行与储备金管理采用发行方与持 牌银行协同的中心化管控模式，具备完善的审计与信息披露机制，实现高效与合规的平衡。 3、灵活的风险控制 具有灵活的风控规则引擎，支持交易限额、黑白名单、反洗钱规则的设置，满足 ...

Core Insights - The "Shu Tong Chain Valley" has been established as a national blockchain application demonstration zone, aiming to create a global blockchain ecosystem [4] - The event highlighted the integration of financial resources with emerging industries, showcasing blockchain technology's potential to bridge digital and real economies [4][5] - The Shanghai Inclusive Finance Advisory System, initiated in September 2022, aims to provide financial consulting services to enterprises, addressing challenges in financing [5][6] Group 1: Event Overview - The 19th Shanghai Financial Services Entity Economy Negotiation Conference featured a special event at "Shu Tong Chain Valley," focusing on financial empowerment for the real economy [1][4] - The event served as a practical implementation of the conference's theme, facilitating connections between financial resources and emerging industry parks [4] Group 2: Blockchain Industry Growth - "Shu Tong Chain Valley" has seen explosive growth in the blockchain industry within the Jing'an District, demonstrating significant clustering effects [4] - The establishment of the financing service center within "Shu Tong Chain Valley" marks a key step in integrating blockchain industry clusters into a broader financial service network [4][5] Group 3: Financial Services and Challenges - Jing'an District has achieved dual coverage of financing service centers and inclusive finance advisory studios across three strategic emerging sectors: blockchain, ultra-high-definition audio-visual, and beauty health [5] - Enterprises expressed urgent needs for funding and resources to support rapid growth and operational challenges, highlighting the importance of investment partnerships [5][6] - Financial advisors from various institutions provided insights on enhancing enterprise value, utilizing regional policies, and managing financial operations effectively [6]

Investment Rating - The report assigns a "Buy" rating for Hengyin Technology (603106) for the first time [1]. Core Views - Hengyin Technology is a leader in banking intelligent terminals and is continuously expanding its blockchain capabilities to empower digital currency [1]. - The company is expected to see revenue growth recovery starting in 2024, with significant contributions from overseas markets and the digital renminbi [8][20]. - The strategic focus includes transitioning from hardware provider to software and service provider, enhancing its international presence, and leveraging AI in financial services [41]. Summary by Sections 1. Business Overview - Hengyin Technology specializes in the research, production, and sales of financial intelligent terminals, providing comprehensive products and services to major banks [13]. - The company has developed core technologies for cash handling modules and holds numerous patents, positioning itself as a leading smart banking solution provider in China [13]. 2. Financial Performance - The company is projected to recover revenue growth in 2024, with a forecasted total revenue of 4.37 billion yuan in 2024, increasing to 8.04 billion yuan by 2027 [1]. - The gross margin is expected to improve due to product structure optimization and cost control measures [16]. - The net profit is anticipated to turn positive in 2024, with a significant increase in profitability expected in the following years [16]. 3. Digital Currency and Blockchain - The digital renminbi is positioned as a transformative force in the payment landscape, with the central bank emphasizing its infrastructure development in the latest five-year plan [22]. - Blockchain technology is highlighted as a new generation of digital infrastructure, providing decentralized management and data integrity [37]. 4. Strategic Initiatives - The company has outlined a development strategy focusing on four transformations: expanding from domestic to global markets, diversifying application scenarios, enhancing product offerings, and transitioning to a service-oriented business model [41]. - Hengyin Technology aims to leverage AI and blockchain to enhance its product offerings and improve customer interactions [43][44]. 5. Valuation and Profit Forecast - The report forecasts revenue growth for Hengyin Technology, estimating revenues of 5.04 billion yuan in 2025, 6.25 billion yuan in 2026, and 8.04 billion yuan in 2027, with corresponding growth rates of 15.3%, 24.0%, and 28.6% respectively [49]. - The company is expected to maintain a gross margin of around 27.4% to 30.1% during this period [49].

Core Viewpoint - Recently, COFCO Easy Procurement Technology (Beijing) Co., Ltd. was established, indicating COFCO Group's expansion into supply chain management and technology services [1] Group 1: Company Overview - COFCO Easy Procurement Technology is fully owned by COFCO Group [1] - The company has a registered capital of 50 million yuan [1] Group 2: Business Scope - The business scope includes supply chain management services, smart agricultural management, blockchain technology-related software and services, and an artificial intelligence public data platform [1]