Group 1 - The concept stocks related to stablecoins have shown strong performance, with Delin Holdings (01709.HK) rising by 49.85% [1] - Jin Yong Investment (01328.HK) increased by 12.54%, while Victory Securities (08540.HK) saw a rise of 3.16% [1]

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling below 24,000 points, reflecting a gloomy market sentiment [1][2] - The Hang Seng Technology Index dropped by 1.76%, while the Hang Seng Index and the Hang Seng China Enterprises Index fell by 1.06% and 1.28%, respectively [1][2] Sector Performance - Major technology stocks and financial stocks underperformed, with Alibaba down nearly 4% and Meituan and Xiaomi dropping over 2% [2][4] - Gold stocks weakened as international gold prices continued to decline, with several gold companies experiencing significant drops [2][8] - Pharmaceutical stocks surged despite tariff threats, with Heng Rui Medicine rising over 15%, reaching an all-time high [2][12] Notable Stock Movements - The semiconductor sector saw declines, with Hua Hong Semiconductor down over 4% and other major players like SMIC and Shanghai Fudan also falling [10][11] - Gambling stocks showed strong performance, with Wynn Macau up over 6% and other casino operators also gaining [13][14] - Dairy stocks were active, with Yuran Dairy rising over 10% [15] Capital Flows - Southbound funds recorded a net inflow of HKD 9.256 billion, indicating continued interest in Hong Kong stocks [23] Future Outlook - Analysts expect that the ongoing reforms in the Hong Kong listing system will enhance the asset quality and liquidity of the market, with a potential upward trend in the third quarter [25]

【导读】传媒板块持续活跃，周杰伦概念股 巨星传奇盘中涨超100% 中国基金报记者 晨曦 大家好！来一起关注上午的市场行情和最新资讯～ 7月9日上午，A股市场震荡拉升，大盘成功站稳3500点。截至午间收盘，上证指数涨 0.29%，深证成指涨0.36%，创业板指涨0.8%。 | 3507.69 | None | 10626.87 WW | I was 2198.44 | | --- | --- | --- | --- | | 上证指数 +0.29% | | 深证成指 +0.36% | 创业板指 +0.80% | 全市场半日成交额为9691亿元，较上日放量838亿元；全市场2083只个股上涨，3054只下 跌。 盘面上，上午多元金融、文化传媒、电信、食品等板块走高，短剧游戏、鸡产业、CRO、谷 子经济等概念股维持热度；贵金属板块下挫，稀土永磁、半导体等概念股不振。 | CRO | 炒股软件 | 水泥制造 | 中文语科库 | | --- | --- | --- | --- | | 2.05% | 1.81% | 1.77% | 1.63% | | 多模态模型 1.52% | 谷子经济 1.45% | 慣矿 -1.06 ...

Group 1: Policy and Regulatory Developments - The National Development and Reform Commission and other departments issued a notice to optimize the layout of charging facilities, aiming to establish over 100,000 high-power charging stations by the end of 2027 [1][4] - The People's Bank of China announced new measures to enhance financial market connectivity between mainland China and Hong Kong, including improvements to the "Southbound" mechanism of the Bond Connect program [5] Group 2: Corporate Restructuring and Developments - Changan Group has formed a preparatory group for restructuring, with plans to finalize the process in August [2][17] - NIO announced the dissolution of its joint venture with Jianghuai Automobile, emphasizing that this decision will not negatively impact its operations [16] Group 3: Market Trends and Financial Performance - In the automotive sector, production increased by 11% year-on-year in the first five months of 2025, with industry revenue reaching 41.283 billion yuan, a 7% increase [11] - China Pacific Insurance reported 1.947 million claims in the first half of the year, with a total payout of 9.92 billion yuan [10] Group 4: Industry Innovations and Initiatives - Hangzhou is soliciting opinions on measures to support brain-like intelligent future industries, focusing on innovation and project development [6] - The National Development and Reform Commission and other agencies issued a notice to support the construction of zero-carbon parks, encouraging various stakeholders to participate [4]

稳定币的"热"与"冷" 一则与科技公司进行战略合作推动稳定币开发的消息，让金涌投资活跃到了投资者面前。7月8日，港股 金涌投资放量拉升，涨幅一度超过650%，引发市场关注。在业内人士看来，作为新兴行业，稳定币市 场发展前景广阔，产业链相关上市公司有望持续受益，但热闹背后还需关注监管体系不完善可能给市场 带来的潜在冲击。 7月8日，A股市场稳定币概念股持续火热。截至收盘，金时科技实现2连板；天阳科技盘中最高涨至 28.18元/股，收盘涨超14%；高伟达涨逾8%，金一文化、霍普股份、古鳌科技、吉宏股份等跟涨。 稳定币概念股走强也抬升了A股市场大金融板块的活跃度，大金融板块内永安期货、大智慧收获涨停， 湘财股份、国金证券、弘业期货、九鼎投资、爱建集团等跟涨。 回看近期行情，"稳定币概念股"持续成为市场的香饽饽，因相关公告或消息发布，公司股价应声大涨的 情况不在少数。例如，6月25日，国泰君安国际因正式获批提供虚拟资产交易服务，股价单日大涨近 200%；宇信科技、京北方、金一文化等在近期发布的投资者关系活动记录表中回答了与稳定币相关的 问题，公司股价随即也出现了不同程度的上涨。 火热行情的背后，是政策层面的有序推进。 ...

Group 1 - The core viewpoint of the article highlights the positive market reaction to the upcoming implementation of the stablecoin regulations in Hong Kong, which is expected to boost related stocks [1] - Tiger Securities (TIGR.US) experienced a rise of over 8% in its stock price, indicating strong investor interest [1] - Futu Holdings (FUTU.US) also saw an increase of over 5%, reflecting a broader trend in the stablecoin sector [1] Group 2 - The new stablecoin regulations in Hong Kong will take effect on August 1, allowing the Hong Kong Monetary Authority to start accepting license applications [1]

Group 1 - The core viewpoint of the news is that Hong Kong's stablecoin concept stocks, led by Guotai Junan International, are experiencing significant price increases ahead of the implementation of the Stablecoin Regulation on August 1, which will allow for the licensing of virtual asset trading services [1][4] - As of July 8, Guotai Junan International's stock rose by 25.54%, with a year-to-date increase of 452.7%. Other Chinese brokerage stocks also saw gains, indicating a broader positive trend in the sector [3][5] - The upcoming Stablecoin Regulation is expected to enhance the valuation, pricing, and trading of stablecoins and other virtual assets, thereby increasing business and scale for brokerages [4][6] Group 2 - The Hong Kong Monetary Authority will begin accepting license applications for virtual asset trading services, with expectations that the number of approved licenses will be in single digits [4][5] - The recent rise in stablecoin concept stocks is attributed to the establishment of regulatory frameworks in various markets, including Hong Kong, which supports the stablecoin market's development [4][6] - The approval of virtual asset trading licenses is seen as a critical move for companies to capture market opportunities in the digital asset era, potentially leading to increased business volume and efficiency in payment systems [5][6]

Market Overview - US President Trump has issued new tariff policy letters to 14 countries, leading to a rebound in Hong Kong stocks, with the Hang Seng Index rising 1.09% to 24,148.07 points, ending a three-day decline [1] - The total trading volume for the day was HKD 213.29 billion, indicating active market participation [1] - The Hong Kong Monetary Authority has withdrawn HKD 59.072 billion in liquidity since June 28, tightening liquidity expectations in the short term [1] Blue Chip Performance - Xinyi Solar (00968) led blue-chip gains, rising 5.43% to HKD 2.91, contributing 1.04 points to the Hang Seng Index [2] - Kuaishou-W (01024) and Chow Tai Fook (01929) also saw significant increases of 5.16% and 4.42%, respectively [2] - However, Orient Overseas International (00316) and China Biologic Products (01177) experienced declines, dragging down the index [2] Sector Highlights - Large tech stocks rebounded, with Kuaishou rising over 5% and Meituan and JD.com both increasing over 2% [3] - Stablecoin concept stocks surged, with Jinyong Investment (01328) skyrocketing 533.17% after announcing a partnership with AnchorX [3] - The Macau gaming sector showed strong performance, with total gaming revenue for the first six days of July reaching MOP 4.3 billion, indicating a robust recovery [6] Solar Industry Insights - The solar sector saw strong gains, with New Special Energy (01799) up 12.65% and GCL-Poly Energy (03800) up 10.81% [5] - Recent government meetings emphasized the need to address low-price competition and improve product quality in the solar industry, suggesting potential for supply-side reforms [5] Gaming Sector Developments - Macau's gaming stocks continued to rise, with Wynn Macau (01128) up 6.4% and MGM China (02282) up 3.29% [6] - Morgan Stanley's report indicated that Macau's gaming revenue is expected to see double-digit year-on-year growth in July, marking a cyclical turning point for the industry [6] New Consumption Trends - New consumption stocks performed well, with brands like Blukoo (00325) and Cha Ba Dao (02555) seeing significant increases [6][7] - Gold stocks also rebounded, with Tongguan Gold (00340) rising 6.37% [7] Stablecoin Regulatory Developments - Jinyong Investment announced a strategic partnership with AnchorX to explore potential collaborations in digital asset management and stablecoin applications [4] - The Hong Kong Monetary Authority is consulting the market on regulatory guidelines for stablecoins, with expectations for a limited number of licenses to be issued [4] Logistics Sector Performance - Jitu Express-W (01519) reached a new high, with a reported 23.5% year-on-year increase in package volume for Q2 2025 [9] - The company achieved a total package volume of 139.9 billion for the first half of 2025, reflecting strong growth in the logistics sector [9] AI and Technology Sector Insights - Hongteng Precision (06088) saw an increase of 8.82%, driven by growing demand for AI-related solutions [10] - The company is expected to benefit from its parent group's resources and the increasing demand for AI computing power [10]

Core Viewpoint - The article discusses the recent surge in the stock price of Jin Yong Investment, which is linked to its announcement of a strategic partnership with AnchorX in the booming stablecoin sector, highlighting the growing interest and investment opportunities in stablecoin-related stocks [2][5][9]. Group 1: Company Overview - Jin Yong Investment (01328.HK) experienced a dramatic stock price increase, reaching a peak of 15 HKD, with a rise of over 650% during trading, closing at 12.6 HKD and achieving a market capitalization of 3.2 billion HKD [5]. - The company primarily engages in investment management, strategic direct investment, and corporate advisory services [6]. Group 2: Partnership Details - The strategic cooperation framework memorandum with AnchorX aims to explore potential collaborations in cross-border payments, stablecoin applications, digital asset trading, and blockchain technology investment [5][6]. - AnchorX issues a stablecoin, AxCNH, pegged 1:1 to offshore RMB, which operates independently of traditional payment networks, reducing reliance on the US dollar and SWIFT, and aims to lower transaction costs while enabling real-time global settlements [5][6]. Group 3: Market Context - The stablecoin sector is gaining traction, with significant stock price increases observed in related companies, such as Victory Securities and Guotai Junan International, which rose over 33% and 28% respectively [9]. - The Hong Kong government is set to implement a stablecoin regulation in August, which is expected to shape the market landscape and encourage compliance among market participants [10]. - Analysts suggest that the stablecoin industry has substantial growth potential, with a focus on companies involved in the stablecoin ecosystem, as well as financial IT service providers and cross-border payment firms [10][11].

Group 1 - The Hang Seng Index rose by 0.78%, gaining 185 points to close at 24,073 points, while the Hang Seng Tech Index increased by 1.29% [1] - The trading volume in Hong Kong reached HKD 117.2 billion in the morning session [1] - Stablecoin-related stocks surged, with Guotai Junan International rising by 16%, Multi-Point Smart increasing by 8%, and OSL Group also up by 8% [1] Group 2 - Jinyong Investment experienced a 150% surge due to a strategic partnership with AnchorX to explore stablecoin applications [2] - Kuaishou-W saw a 3% increase, with institutions expecting the company's Q2 performance to meet market expectations [2] - Gold stocks rebounded in the morning session, with Tongguan Gold rising by 6% and China Gold International increasing by 3.82% [2] Group 3 - Huitongda Network rose over 7% after applying for full circulation of H-shares, which is expected to enhance stock liquidity and investment attractiveness [3] Group 4 - Basestone Pharmaceuticals-B increased by over 4% after granting commercialization rights for Sugli to Gentili in Western Europe and the UK [4] Group 5 - GCL-Poly Energy rose over 9%, with the polysilicon segment potentially becoming a breakthrough point for reversing internal competition, and the company is expected to achieve profitability [5] Group 6 - China Rare Earth Holdings rose over 7% after a failed transaction involving the sale of an Australian gold mine, and plans to spin off its business through an introduction [6] Group 7 - Hon Teng Precision rose by 8.8%, driven by strong performance in AI servers and iPhone business, with Foxconn showing steady growth in Q2 [7] Group 8 - Zhaoyan New Drug increased by over 10%, assisting in the approval of the restructuring of human coagulation factor VIIa for Chengdu Tianqing [8] Group 9 - Steel stocks saw a midday rally, with Chongqing Steel rising by 11%, as institutions expect improvements in industry supply and demand [9]