Major Events - Different Group (06090) is set to launch its IPO from September 15 to September 18, with an expected listing date of September 23 [1] - Hesai Technology-W (02525) has received 168.65 times subscription for its public offering in Hong Kong, with a share price of HKD 212.80 [1] - Basilea Pharmaceutica-B (02616) will showcase CS2015 (OX40L/TSLP bispecific antibody) at ACAA 2025 [1] - CSPC Pharmaceutical Group (01093) has received clinical trial approval in China for ALMB-0166 to treat Parkinson's disease [1] - Kingdee International (00268) plans to acquire a 62.764% stake in Yunzhijia for HKD 68.25 million [1] - Lion Group Holdings (02562) intends to acquire a company leading in AI, blockchain, decentralized finance, and stablecoin innovation [1] - COSCO Shipping Holdings (01919) plans to invest CNY 370 million to establish a joint venture [1] - Shoujia Technology (00103) aims to set up a joint venture for a super new materials company [1] - CITIC Limited (00267) has its "data-driven high-end mining equipment intelligent factory" recognized as a 2025 excellent-level intelligent factory by the Ministry of Industry and Information Technology [1] - Eden Software (01147) has its self-developed "Easy AI multimodal content generation" algorithm approved for algorithm filing in Shenzhen [1] Operating Performance - Hong Kong Dragon Land (06968) reported a contract sales amount of approximately CNY 3.602 billion for the first eight months, a year-on-year decrease of 0.16% [1] - China Southern Airlines (01055) saw an 8-month passenger turnover increase of 5.97% year-on-year [1] - China Eastern Airlines (00670) reported an 8-month passenger turnover increase of 8.72% year-on-year [1] - Air China (00753) recorded a 2.3% year-on-year increase in passenger capacity input and a 3.2% increase in passenger turnover for August [1] - Hong Kong Technology Exploration (01137) reported an August total merchandise transaction value of HKD 678 million in its e-commerce business, a year-on-year decline of 4.5% [1]

Economic Indicators - US consumer confidence fell to a four-month low, with the Michigan Consumer Sentiment Index dropping to 55.4 from 58.2[11] - The US Congressional Budget Office revised down its economic growth forecast for 2025 to 1.4%, while raising the inflation rate prediction to 3.1%[11] - In August, China's total social financing increased by 2.6 trillion RMB (approximately $365 billion), below the expected 2.5 trillion RMB[11] Market Performance - The Shanghai Composite Index decreased by 0.12% to 3870.6 points, while the Shenzhen Component fell by 0.43%[1] - The Hang Seng Index closed up 1.16% at 26388.16 points, with the Hang Seng Tech Index rising by 1.71%[1] - The Dow Jones Industrial Average dropped by 0.59%, while the Nasdaq Composite gained 0.44%, reaching a new all-time high[1] Trade Relations - New round of US-China trade talks commenced in Madrid, focusing on trade, economy, and TikTok[11] - China initiated anti-dumping and anti-discrimination investigations against the US semiconductor industry prior to the talks[1] Consumer Behavior - Long-term inflation expectations among US consumers rose for the second consecutive month, with a one-year inflation expectation of 4.8%[11] - Concerns over unemployment have increased, impacting consumer confidence and economic outlook[11] Credit and Financing - China's credit expansion slowed in August, with new RMB loans of 589 billion, significantly below the forecast of 700 billion[11] - The demand for financing remains weak, particularly in the real estate sector, affecting overall loan demand[11]

消息面上，狮腾控股发布公告，于2025年9月12日，公司与潜在卖方订立一份具有法律约束力的投资意 向书，公司拟按投资意向书所载就目标公司全部已发行的股权进行建议收购事项。 智通财经APP获悉，狮腾控股(02562)高开逾10%，截至发稿，涨10.68%，报16.99港元，成交额386.52万 港元。 建议收购事项乃狮腾控股的重大里程碑。目标集团于人工智能、区块链、去中心化金融与稳定币领域的 经市场验证的专业能力、全球开发者社群及强大品牌知名度，连同管理层与目标集团创始人提供的三年 收入及利润保证，将使狮腾控股加速扩展下一代技术业务增长，并为股东释放巨大价值。 作为建议收购事项的一部分，管理层及目标集团创始人将提供三年的收入及利润保证。建议收购事项的 代价将透过配发及发行公司新股份支付。 目标集团成立于新加坡，已成为加速人工智能、区块链、去中心化金融及稳定币技术的软件创新与生态 系统开发的全球领导者，其中包括开发并成功推出稳定币平台及基础设施。 ...

作为建议收购事项的一部分，管理层及目标集团创始人将提供三年的收入及利润保证。建议收购事项的 代价将透过配发及发行公司新股份支付。 目标集团拥有声誉良好的全球机构投资者，包括OMERS(安大略省市政雇员退休系统—加拿大养老基 金)、Mandiri Investment(印度尼西亚最大银行的子公司)、Khazanah Nasional Berhad(马来西亚主权基 金)、KB Investment(韩国最大银行之一的子公司)、Korea Investment Partners(韩国最大的风险投资机 构)、新加坡PwC(罗兵咸永道)及Mark Cuban Companies，以及战略天使投资人与行业运营商网络—充分 彰显目标集团的信誉与国际影响力。在建议收购事项完成后，预计这些全球机构投资者也将成为狮腾控 股的股东。 狮腾控股(02562)发布公告，于2025年9月12日，公司与潜在卖方订立一份具有法律约束力的投资意向 书，公司拟按投资意向书所载就目标公司全部已发行的股权进行建议收购事项。 公司深信，此建议收购事项实现后，将有助公司的业务增长，提升公司的财务及营运表现，并为集团在 全球人工智能及去中心化金融生态系统 ...

目标集团成立于新加坡，已成为加速人工智能、区块链、去中心化金融及稳定币技术的软件创新与生态 系统开发的全球领导者，其中包括开发并成功推出稳定币平台及基础设施。 建议收购事项乃狮腾控股的重大里程碑。目标集团于人工智能、区块链、去中心化金融与稳定币领域的 经市场验证的专业能力、全球开发者社群及强大品牌知名度，连同管理层与目标集团创始人提供的三年 收入及利润保证，将使狮腾控股加速扩展下一代技术业务增长，并为股东释放巨大价值。 公司深信，此建议收购事项实现后，将有助公司的业务增长，提升公司的财务及营运表现，并为集团在 全球人工智能及去中心化金融生态系统中的长期增长与市场领导地位，以及加速企业人工智能的应用及 去中心化金融创新奠定更好的基础。 智通财经APP讯，狮腾控股(02562)发布公告，于2025年9月12日，公司与潜在卖方订立一份具有法律约 束力的投资意向书，公司拟按投资意向书所载就目标公司全部已发行的股权进行建议收购事项。 作为建议收购事项的一部分，管理层及目标集团创始人将提供三年的收入及利润保证。建议收购事项的 代价将透过配发及发行公司新股份支付。 目标集团拥有声誉良好的全球机构投资者，包括OMERS(安大 ...

在区块链技术日新月异的发展浪潮中，奥拉丁Origin以其前瞻性的视野构建了一个横跨多个领域的综合性金融生态系统。这种 多元化的布局不仅突破了传统DeFi项目的单一服务局限，更在Web3.0时代重新定义了金融服务的边界与可能性。 基础金融设施：构建生态根基 奥拉丁Origin从最基础的金融需求切入，建立了完整的借贷平台和理财板块。其借贷协议采用独特的风险定价模型，根据链上 信用评级动态调整利率；理财板块则整合了静态收益和动态收益双轨机制，满足不同风险偏好用户的需求。数据显示，平台存 贷总量已突破5亿美元，成为生态中最稳定的现金流来源。 交易创新：DEX2.0与跨链枢纽 在去中心化物理基础设施网络(Depin)领域，奥拉丁Origin推出了Wbekey多链手机生态。这款内置安全芯片的移动设备不仅支 持多链资产管理，更可以作为节点参与各类区块链网络，让用户真正掌握数字主权。产品预售首周即告罄，预示着硬件与金融 结合的广阔前景。 前沿探索：面向未来的布局 奥拉丁Origin的野心不止于此。在元宇宙领域，已着手构建VR金融交互场景；Web3.0社交平台正在内测，将金融行为融入社 交互动；AI金融实验室则致力于开发基于大 ...

Core Viewpoint - Huajian Medical (1931.HK) has announced a strategic partnership with ETHK Group to establish two new companies, ETHK Inc and ETHK HOLDINGS LIMITED, aimed at enhancing its position in the blockchain financial ecosystem [1] Group 1: Strategic Partnership - The collaboration with ETHK Group signifies a strategic upgrade for Huajian Medical as a provider of blockchain financial infrastructure [1] - ETHK Inc will focus on creating a compliant and open decentralized financial platform [1] - ETHK HOLDINGS LIMITED will be responsible for global digital industry investments and mergers and acquisitions [1] Group 2: Business Model - The new companies will integrate resources through a "assets-funds-licenses" triad model [1] - This initiative aims to promote the overseas expansion of quality Chinese assets [1] - The partnership seeks to establish a new paradigm for global value flow [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責 任。 IVD Medical Holding Limited 華檢醫療控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1931） 透 過「ETHK」核 心 品 牌 深 化 全 球 鏈 上 金 融 生 態 戰 略 佈 局 本 公 告 乃 由 華 檢 醫 療 控 股 有 限 公 司（「本公司」或「華檢醫療」，連 同 其 附 屬 公 司 統 稱「本集團」）自 願 作 出，旨 在 向 股 東 及 潛 在 投 資 者 提 供 本 集 團 業 務 發 展 的 最 新 資 料。 本 公 司 董 事 會（「董事會」）欣 然 宣 佈，本 公 司 於 近 期 與ETHK Group（「合作方」）達 成 合 作，共 同 投 資 成 立 兩 家 新 公 司ETHK Inc及ETHK HOLDINGS LIMITED（「合 資 公 司」）。合 資 公 司 將 成 為 ...

区块链技术的快速发展为去中心化金融带来了无限可能，但流动性不足始终是制约项目长期发展的关键瓶颈。传统 流动性解决方案往往依赖外部激励或中心化干预，难以形成可持续的内生循环。在这一背景下，奥拉丁Origin推出 的涡轮交易机制以其颠覆性的创新设计，为行业提供了一个全新范式。该机制不仅从根本上重构了流动性供给方 式，更开创性地实现了用户激励与生态健康的动态平衡，展现出区块链经济模型设计的全新思路。 与传统机制的对比优势与行业启示 经济模型设计的创新价值与市场影响 涡轮交易机制的经济学价值体现在其构建了一个正反馈的流动性内循环系统。这一创新设计突破了传统流动性解决 方案的三个主要局限：被动依赖外部激励、流动性供给与实际需求脱节、用户行为与生态利益不一致。通过将提取 行为自动转化为流动性供给，涡轮机制创造了一个"提取越多-流动性越强"的良性循环。平台数据显示，该机制实 施后不仅Swap交易量飙升180%，更显著改善了市场深度，使LGNS代币的买卖价差收窄40%。 这一机制的精妙之处还在于建立了价值闭环。传统模式下，收益提取意味着价值从系统中净流失；而涡轮机制通过 强制性回购要求，确保了价值在系统内部持续循环。这种设计 ...

Core Viewpoint - The company is going public with an IPO priced at $25, amidst significant interest due to its innovative use of blockchain technology in loan origination and the retention of founder control, which is believed to enhance performance [1][4]. Company Strategy - The company has originated over $17 billion in loans on public blockchain and completed over $55 billion in transactions, demonstrating rapid growth despite regulatory challenges [4]. - The focus is on leveraging blockchain for real-world assets, with plans to expand into equities as the next major area of growth [6][5]. - The company aims to conduct a second issuance of stock native to blockchain, which is expected to introduce efficiencies and liquidity benefits [7]. Market Position - The company positions itself as a leader in the blockchain space, akin to the "magnificent seven" of Web 2.0, and is excited about the potential of tokenized real-world assets [5]. - It emphasizes the importance of retail investors, having allocated a significant portion of the IPO to them, while also recognizing the critical role of institutional partners [9]. Competitive Advantage - The company has built a unique liquidity ecosystem called "figure Connect," allowing originators to access capital outside traditional channels, which is seen as a significant competitive moat [11]. - The anticipated impact of the Stablecoin Act is expected to stress traditional banks, creating opportunities for blockchain and decentralized finance to fill the void [12][13]. Resilience and Future Outlook - The company claims to be somewhat insulated from the volatility of crypto markets, focusing on the transactional efficiency and liquidity benefits of blockchain [15]. - It plans to raise capital for potential acquisitions in the blockchain space, which is viewed as an area ripe for consolidation [16][17].