| 连板。 | | --- | 7月7日连板股分析：市场连板高度降至3板 电力板块领涨 今日共67股涨停，连板股总数12只，其中三连板及以上个股5只，上一交易日共10只连板股，连板股晋级率50%（不含ST股、退市股）。个股方面，全市场 超3200只个股上涨，但高位股表现低迷，柳钢股份一度跌停，塞力医疗、亚玛顿断板，市场连板高度降至3连板。板块方面，市场高低切换特征明显，高位 的算力硬件、创新药等板块调整，胜宏科技、新易盛等早盘一度跌超5%，而相对低位的电力、房地产板块走强，其中电力板块近10股涨停；7月4日央行就 《人民币跨境支付系统业务规则（征求意见稿）》公开征求意见，受消息刺激，稳定币、跨境支付概念反复活跃，金一文化7天4板，信雅达、京北方晋级2 | 连板数 | 晋级率 | | 2025-7-7 | | --- | --- | --- | --- | | 2进3 | 5/7=71% | 华银电力 (电力+业绩) | | | | | 金一文化 (稳定币+3D打印) | | | | | 华光环能 (电力) | | | 1进2 | 7/29=24% | 深南电A(电力) | | | | | 京北方 (稳定币+跨 ...

Core Viewpoint - The rise of stablecoins is reshaping the global financial landscape in the digital age, reflecting a dual tension between market credit and state credit, and leading to a new equilibrium in monetary functions and governance [1][2][10]. Group 1: Nature of Stablecoins - Stablecoins represent a compromise between market and state credit, allowing for the issuance of "quasi-currency" under regulatory frameworks in places like the US and Hong Kong [11]. - The evolution of stablecoins has transitioned from algorithmic stability and collateralized assets to a mainstream model anchored by fiat currencies, indicating a reliance on state credit for stability [10][11]. Group 2: Impact on Global Financial System - Stablecoins may lead to a redefinition of monetary functions, pushing sovereign currencies to reassess their roles and promoting a "functional division" in the global monetary system [12]. - The distribution of financial power could shift, with the potential emergence of a multi-currency system comprising "sovereign currencies + scenario-based stablecoins," challenging the dominance of a single currency [13]. - Stablecoins signify a transformation in the relationship between state, market, and technology, suggesting that monetary power is no longer solely state-controlled but is influenced by technological intermediaries [14]. Group 3: US Interest in Stablecoins - The US's enthusiasm for stablecoins is closely tied to maintaining the dollar's dominance, as stablecoins can convert market credit into monetary power, especially in light of rising national debt [15][16]. - The use of short-term US Treasury bonds as collateral for stablecoins could alleviate liquidity pressures on US debt, reinforcing the dollar's global status [15]. - The US is positioning itself to dominate the "metaverse currency" landscape, with stablecoins potentially becoming the universal currency in digital economies, thereby extending dollar hegemony into the digital realm [18]. Group 4: China's Strategic Response - China should develop a stablecoin strategy that aligns with its economic context, focusing on supply chain advantages and ensuring that stablecoins serve the real economy [19][20]. - Collaboration between stablecoins and the digital yuan is essential, with both aiming to enhance the integration of digital and real economies [20]. - A strategy of "innovation-led + inclusive collaboration" is recommended for developing a stablecoin ecosystem that balances risk and efficiency while leveraging China's manufacturing strengths [21].

Group 1 - The implementation of the Hong Kong Stablecoin Regulation on August 1 is expected to attract stablecoin operators to establish their businesses in Hong Kong, as the regulatory framework is considered advanced [1] - The financial technology sector is optimistic about the development of stablecoins, which are believed to create significant opportunities in trade and investment markets, aiding in global currency diversification [1] - The number of mainland enterprises that have settled in Hong Kong over the past two and a half years is 630, accounting for approximately 48% of the total, indicating a strong trend of mainland companies using Hong Kong as a launchpad for international expansion [1] Group 2 - The introduction of the BEPS 2.0 framework, which includes a global minimum tax and a minimum top-up tax in Hong Kong, aims to address tax avoidance by multinational corporations, with Hong Kong's corporate tax rate at 16.5%, higher than the global minimum of 15% [2] - Despite geopolitical challenges, Hong Kong is viewed as having both risks and opportunities, with the Investment Promotion Agency focusing on enhancing connections with international markets while exploring emerging markets [2] - Since the implementation of a new company migration mechanism, two insurance companies have relocated to Hong Kong, highlighting the potential for business opportunities in the region [2]

稳定币是一种数字货币，它通过与某种稳定资产（如法定货币、黄金等）挂钩或采用特定的算法机制，来保持其价值相对稳定，旨在减少数字货币市场常 见的价格大幅波动问题。 新晨科技：区块链技术适配能力全面升级，底层组件兼容华为昇腾生态，中间层打通长安链、蚂蚁链等主流区块链，成为稳定币生态的技术底座。 法本信息：公司与京东科技自2018 年起深度合作，尤其在区块链领域有技术积累。 香港《稳定币条例》将于8月1日正式生效，香港金融管理局（金管局）即日起开始接受牌照申请。 这一全球首个针对法币稳定币的系统性监管框架要求发行人需满足最低2500万港元资本、100%高流动性资产储备（现金/短期国债）及无附加条件赎回等 要求。 目前，京东、蚂蚁集团、多点数智等12家机构已进入金管局沙盒测试，重点验证跨境支付与现实资产代币化（RWA）场景。 随着中国香港的《稳定币条例》即将于8月1日生效，除了积极参与的机构，关于稳定币的探讨也迎来了前所未有的热度。 为此我今天经过深度研究后整理出几家相关潜力公司，尤其最后一家是"京东稳定币+蚂蚁稳定币+微信支付"全牌照黑马。 海联金汇：旗下联动优势拥有跨境支付牌照，参与数字人民币跨境结算试点，在稳定币 ...

Group 1 - Morgan Stanley predicts that the stablecoin market will only grow to $500 billion by 2028, stating that the previous forecast of $1 trillion was overly optimistic due to a lack of mainstream adoption of dollar-pegged cryptocurrencies [1][2] - Stablecoins are designed to maintain a constant value, typically pegged 1:1 to the US dollar, and are backed by physical assets such as US Treasury bonds or gold [1] - The application of stablecoins has expanded beyond cryptocurrency trading, attracting interest from fintech companies and banks looking to accelerate payment and settlement speeds [1] Group 2 - Currently, stablecoins account for only 6% of overall demand, approximately $15 billion, with most usage still concentrated in cryptocurrency trading, decentralized finance (DeFi), and as collateral [2] - The idea that stablecoins will replace traditional currencies as everyday payment tools is still far from reality [2] - The promotion of stablecoins outside the crypto market faces obstacles, primarily due to limited use cases and a fragmented regulatory framework [2]

【导读】稳定币、电力等概念股走高，港股外卖巨头盘初走低 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7日上午，A股市场低位震荡。截至午间收盘，市场主要指数绿多红少，上证指数跌0.21%，深证成指跌0.7%，创业板指跌1.25%。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3465.05 | 10434.83 | 1401.47 | | -7.27 -0.21% - -73.94 - -0.70% - -13.57 - -0.96% | | | | 科创50 | 创业板指 | 万得全A | | 979.12 | 2129.34 | 5322.55 | | -5.68 - -0.58% - -26.90 - -1.25% - -9.84 - -0.18% | | | | 沪深300 | 中证500 | 中证A500 | | 3958.86 | 5895.93 | 4635.59 | | -23.34 -0.59% -15.51 -0.26% -26.93 -0.58% | | | | 中证1000 | 深证100 | 中证红利 | | 63 ...

Group 1 - The report highlights the strong growth potential of coconut water as a new consumer product, with a projected market size of nearly 200 billion yuan by 2029, reflecting a compound annual growth rate (CAGR) of approximately 20% over the next five years [25][26] - The coconut water market has transitioned from a niche luxury juice to a mainstream health beverage, with sales increasing from less than 2 billion yuan before 2022 to 7.8 billion yuan in 2024, driven by health trends and consumer education [25][26] - Key players in the coconut water market include IFBH, which has become the largest single product in China, and Huanyoujia, which is leveraging its supply chain advantages to expand its market presence [26][27] Group 2 - The report discusses the significant advancements in China's marine economy, emphasizing the strategic importance of marine economic development in the context of national modernization [10][12] - The central government has outlined five key principles for promoting high-quality marine economic development, including innovation-driven growth and efficient collaboration, which are expected to lead to a series of supportive policies [10][11] - Investment opportunities in the marine economy are identified in sectors such as marine technology, marine renewable energy, and marine biomedicine, with a focus on deep-sea materials and equipment [12][13] Group 3 - The report analyzes the performance of the Hong Kong Stock Connect Technology ETF, which tracks the performance of technology-related companies listed in Hong Kong, highlighting its cost advantages and growth potential [15][18] - The technology sector within the Hong Kong Stock Connect index is primarily driven by information technology, with significant contributions from software services and hardware sectors, indicating strong market potential [16][17] - The report notes that the technology index is currently at a historically low price-to-earnings ratio, suggesting potential for future growth as the market recovers [18]

阿里、美团"补贴对决"，最大赢家出现。 A股市场今天（7月7日）上午低位震荡，主要指数表现相对低迷，房地产板块领涨。个股方面依旧活跃，多股连续涨停。 港股市场上午表现相对低迷，恒生指数小幅下跌。港股市场新茶饮赛道个股集体走强，其中茶百道盘中涨幅一度达15%。消息面上，7月5日晚，阿里与美 团展开史上最大规模补贴对决，而在两大平台的大额补贴下，茶饮股成了最大赢家。 轻工制造、综合、纺织服饰等板块涨幅也居于市场前列。煤炭、通信、医药生物等板块跌幅居前。 概念板块方面，稳定币、跨境支付等概念表现强势，石基信息、浔兴股份、中亦科技、京北方、金时科技、吉宏股份、青岛金王、生意宝等多股涨停。港 股市场多只稳定币概念股亦大涨，截至发稿，云锋金融涨超10%，新火科技控股涨超9%，国泰君安国际、移卡涨超7%。 消息面上，7月4日央行就《人民币跨境支付系统业务规则（征求意见稿）》公开征求意见。此外香港特区政府财经事务及库务局局长许正宇7日表示，目 标今年内可发出稳定币牌照。 多股连续涨停提示相关风险 A股市场今天上午个股表现比较活跃，上涨个股数量多于下跌个股数量，多只个股连续涨停。 A股市场低位震荡房地产板块领涨 A股市场今天（ ...

| 全A | 涨 2925 | 平 248 | 跌 2243 | A股成交额 | | 7831.27亿 | 沪深300期货 | | --- | --- | --- | --- | --- | --- | --- | --- | | 序号 | | 名称 | 现价 | 涨跌 | 涨跌幅 | 成交额 | 年初至今 | | 1 | 000001 | 上证指数 | 3465.05 | -7.27 | -0.21% | 3010亿 | 3.38% | | 2 | 399001 | 深证成指 | 10434.83 | -73.94 | -0.70% | 4708亿 | 0.19% | | 3 | 899050 | 北证50 | 1401.47 | -13.57 | -0.96% | 113亿 | 35.04% | | 4 | 881001 | 万得全A | 5322.55 | -9.84 | -0.18% | 7831亿 | 5.99% | | 5 | 000688 | 科创50 | 979.12 | -5.68 | -0.58% | 115亿 | -0.99% | | ଚି | 399006 | 创业板指 | 2129. ...

Group 1 - The Hong Kong SAR government aims to issue stablecoin licenses within this year [1] - The Shanghai Municipal Government has introduced measures to promote high-quality development in the software and information services industry, including the implementation of public data authorization management methods [1] - The first round of ceasefire negotiations in Doha, Qatar, regarding Gaza did not reach an agreement [1] Group 2 - As of the midday close, the Shanghai Composite Index fell by 0.21%, the Shenzhen Component Index decreased by 0.7%, and the ChiNext Index dropped by 1.25% [1] - The Hang Seng Index declined by 0.45%, while the Hang Seng Tech Index saw a slight decrease of 0.15% [1]