Group 1 - Cathay Securities International Holdings has received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services, allowing clients to trade cryptocurrencies and stablecoins directly on its platform [1] - The CSI Securities Company Pioneer Strategy Index (931402) has seen a strong increase of 3.55% as of June 24, 2025, with constituent stocks such as Guosheng Jin控 (002670) and Tianfeng Securities (601162) hitting the 10% daily limit up [1] - The Securities ETF Pioneer (516980) has risen by 3.71%, marking a third consecutive increase [1] Group 2 - The Securities ETF Pioneer has achieved a net value increase of 35.73% over the past year, with the highest monthly return since inception being 39.27% and the longest consecutive monthly increase lasting three months with a total increase of 47.88% [3] - The latest price-to-earnings ratio (PE-TTM) for the CSI Securities Company Pioneer Strategy Index is 19.51, indicating it is at a historical low, being below 85.2% of the time over the past year [3] - The index tracks larger securities companies, reflecting stable business models and reasonable valuation levels within the securities industry [3] Group 3 - As of May 30, 2025, the top ten weighted stocks in the CSI Securities Company Pioneer Strategy Index account for 59.9% of the index, including companies like Dongfang Caifu (300059) and CITIC Securities (600030) [4] - A recent guideline issued by the People's Bank of China and other departments aims to support consumption and encourages the issuance of consumer ETFs, which may attract additional funds to the sector [4] - The market remains active, and ongoing reforms in the merger and acquisition sector by the securities regulatory authority may serve as a catalyst for the securities sector [4] Group 4 - The securities sector is expected to show a clear improvement in performance year-on-year for the first half of the year, with a notable mismatch between high profitability and low valuation, suggesting attractive investment opportunities [5]

Core Insights - The Hong Kong Securities and Futures Commission (SFC) reported significant progress in the capital market driven by innovation and connectivity, with a notable increase in fundraising and trading activities [1] - The mutual connectivity between Mainland China and Hong Kong has deepened, with net capital inflow through the Stock Connect exceeding HKD 4.35 trillion, and southbound trading accounting for 22.5% of Hong Kong's market turnover [1] - Hong Kong has re-emerged as a top global fundraising platform, benefiting from recent reform measures, with a surge in new listings and secondary market trading [1] Group 1: Market Developments - The SFC recognized the first three tokenized money market funds in the Asia-Pacific region, marking a significant step towards the scaling of the tokenized market, with total assets under management reaching HKD 736 million by the end of March [1] - The SFC's "ASPIRe" roadmap aims to develop Hong Kong's virtual asset ecosystem, allowing two virtual asset exchange-traded funds (ETFs) to be pledged, setting a precedent in the Asia-Pacific region [1] - The total market capitalization of six virtual asset spot ETFs listed in Hong Kong has surged by 95% since their launch in April last year, with average daily trading volume increasing by 16% [1] Group 2: Regulatory and Strategic Initiatives - The SFC has collaborated with the Hong Kong Stock Exchange to optimize the new listing application approval timeline, achieving an average response time of 20 business days for new listing applications [2] - Since the introduction of supportive measures in April 2024, the initial public offering (IPO) market in Hong Kong has significantly rebounded, with 64 Mainland companies listed, raising over HKD 100 billion in total [3] - The total market capitalization of ETFs and leveraged and inverse products in Hong Kong has increased by 35% year-on-year to a record high of HKD 520 billion, accounting for 15% of the total market turnover [3] Group 3: Legal and Public Awareness Efforts - The number of approved license applications by the SFC has increased by 20% year-on-year, with a similar rise in institutional license applications [4] - The Hong Kong High Court made a landmark ruling in a market manipulation case, imposing the longest prison sentence to date, while the SFC reached a historic settlement in a corporate misconduct case involving Kangbai Holdings, providing compensation to shareholders [4] - To enhance public awareness against fraud, the SFC has intensified its anti-fraud campaign "Don't be a sucker" through advertisements in MTR stations and TV infotainment programs, reaching an estimated audience of over 1.6 million [4] Group 4: Sustainability Initiatives - The SFC aims to halve its total carbon emissions compared to the baseline, achieving its mid-term goal five years ahead of schedule to support sustainable development [5]

Group 1 - The securities sector has experienced a strong surge, with the securities ETF (512880) rising nearly 4% and current trading volume exceeding 30.4 billion, making it the largest in its category with superior liquidity [1] - On June 24, Guotai Junan International Holdings Limited, a subsidiary of Guotai Haitong Group, received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services [1] - Following this license upgrade, clients will be able to trade cryptocurrencies (such as Bitcoin and Ethereum) and stablecoins (like Tether) directly on the Guotai Junan International platform, making it the first Chinese broker to offer comprehensive virtual asset trading services [1] Group 2 - CITIC Securities noted that Hong Kong has a clear strategic determination to develop virtual assets, leveraging its mature financial infrastructure and international regulatory framework, leading to rapid growth in the virtual asset industry [1] - Traditional financial institutions are continuously strengthening their licensing and business layouts in response to this trend [1] - Investors interested in the current market can focus on the largest securities ETF (512880), and those without stock accounts can access investment opportunities through the linked fund (012363) [1]

以下文章来源于财联社硅谷NEWS ，作者王晨 财联社硅谷NEWS . 直击科技前沿，尽在硅谷NEW，由上海报业集团主管主办、财联社、科创板日报联合出品 国泰君安国际正式获得香港证监会批准，将其现有证券牌照升级为可提供虚拟资产交易及相关意见服务的综合牌照。成为首家获此全方位虚拟资产 交易服务资格的香港中资券商。 获批后，国泰君安国际客户将可直接通过平台交易比特币、以太坊等主流加密货币及稳定币。 市场对此反响热烈，国泰君安国际股价盘初 即飙升超过80%，盘中最高涨幅更是一度突破100%， 这一里程碑事件植根于香港积极打造全球虚拟资产枢纽的战略背景，相关研究指出，面对虚拟资产产业的蓬勃兴起，传统金融机构正以前所 未有的广度与深度，从经纪业务、股权投资、交易和投资服务、投行业务、资产管理等多个维度积极切入这一新兴价值链。 国泰君安国际正式获批提供虚拟资产交易服务 6月24日，国泰君安国际——国泰海通集团旗下的重要成员，正式获得香港证监会的关键批准，成功将其现有证券交易牌照升级为可提供虚 拟资产交易服务，以及在提供虚拟资产交易服务的基础上提供意见。 | W | | 国泰君安国际(1788) | | | | --- | ...

国泰君安国际公告，于2025年6月24日，公司全资附属公司国泰君安证券(香港)有限公司正式获香港证 券及期货事务监察委员会批准，将现有第1类(证券交易)受规管活动的牌照升级为透过在证监会持牌平 台上开立综合账户的安排下，提供虚拟资产交易服务。 ...

港股午间收盘，恒生指数涨0.77%，恒生科技指数涨0.81%。港股券商走强，国泰君安国际大涨 68.55%，公司正式获批提供虚拟资产交易服务。 ...

Group 1 - The financial sector is experiencing a strong performance, with significant gains in fintech stocks and a notable increase in trading volumes for financial technology ETFs [1][2] - Major fintech stocks such as Jinbeifang and Zhaori Technology have seen substantial price increases, with some stocks hitting the daily limit up [1] - The approval of Guotai Junan International's license upgrade by the Hong Kong Securities and Futures Commission allows for direct trading of cryptocurrencies and stablecoins, enhancing the fintech landscape [1] Group 2 - The central bank is set to develop a new financial technology development plan, aiming to promote digital transformation in finance through policy documents [2] - The recent legislative changes in Hong Kong and the central bank's financial opening measures are creating a favorable policy environment for fintech innovation [2] - The financial technology sector is expected to benefit from improved liquidity and active market trading, with internet brokerages and financial IT services showing strong growth potential [2][3] Group 3 - The fintech ETF (159851) and its associated funds are recommended for investment, covering a wide range of themes including internet brokerages and AI applications [3] - As of June 18, the fintech ETF has a scale exceeding 4.8 billion, with an average daily trading volume of over 500 million in the past six months, highlighting its liquidity advantages [3]

【导读】国防军工板块走强，港股国泰君安国际涨超101% 中国基金报记者 晨曦 大家好！来一起关注最新的市场行情和资讯~ 6月25日，A股三大指数开盘涨跌不一，上证指数微跌，深证成指、创业板指飘红。上午市场震荡拉升，截至发稿，上证指数翻红，创业板指涨超1%。 | Ａ股 | 港股 | 美股 全球 | 基金 | 商品三 | | --- | --- | --- | --- | --- | | 内地股票 △ | | | | | | 行情 | | 资金净流入 | 涨跌分布 | | | 上证指数 | | 深证成指 | 北证50 | | | 3422.83 | | 10282.77 | 1427.56 | | | +2.27 +0.07% | | +65.14 +0.64% | +9.53 +0.67% | | | 科创50 | | 创业板指 | 万得全A | | | 984.93 | | 2088.67 | 5235.43 | | | +6.21 +0.63% | | | +24.53 +1.19% +24.98 +0.48% | | | 沪深300 | | 中证500 | 中证A500 | | | 3910.19 | | ...

Core Viewpoint - Guotai Junan International has upgraded its virtual asset license, becoming the first Chinese broker in Hong Kong to offer comprehensive virtual asset trading services, resulting in a stock price surge of over 100% during trading [2][5]. Company Summary - Guotai Junan International has received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to include virtual asset trading services, making it the first Chinese broker in Hong Kong to obtain such a license [4][5]. - The upgraded services will allow clients to trade cryptocurrencies (such as Bitcoin and Ethereum) and stablecoins (like Tether) directly on the Guotai Junan International platform [4]. - The service offerings cover three core areas: execution services for virtual asset trading, advisory services during virtual asset trading, and issuance and distribution of virtual asset-related products, including over-the-counter derivatives [4][5]. Industry Summary - Guotai Junan International began its foray into the Hong Kong virtual asset market in 2024, with various approvals for virtual asset-related products and services obtained throughout the year [4]. - The company plans to continue exploring the integration of financial technology with virtual asset services, aiming to enhance its product and service capabilities and contribute to establishing Hong Kong as a vibrant international virtual asset hub [5].

大家好！来一起关注最新的市场行情和资讯~ 6月25日，A股三大指数开盘涨跌不一，上证指数微跌，深证成指、创业板指飘红。上午市场 震荡拉升，截至发稿，上证指数翻红，创业板指涨超1%。 | 港股 Ａ股 | 美股 全球 | 基金 图书三 | | --- | --- | --- | | 内地股票 | | | | 行情 | 资金净流入 | 涨跌分布 | | 上证指数 | 深证成指 | 北证50 | | 3422.83 | 10282.77 | 1427.56 | | +2.27 +0.07% | +65.14 +0.64% | +9.53 +0.67% | | 科创50 | 创业板指 | 万得全A | | 984.93 | 2088.67 | 5235.43 | | +6.21 +0.63% | | +24.53 +1.19% +24.98 +0.48% | | 沪深300 | 中证500 | 中证A500 | | 3910.19 | 5809.91 | 4582.07 | | +6.16 +0.16% | +44.08 +0.76% | +11.88 +0.26% | | 中证1000 | 深证100 | 中证红利 ...