Core Viewpoint - Zhonglian Development Holdings (00264) experienced a significant surge of over 60%, reaching HKD 1.95 with a trading volume of HKD 9.5866 million following the announcement of a strategic acquisition [1] Group 1: Acquisition Details - The company plans to acquire 20% of the issued share capital of NVTH Limited from NVTSH Limited for a total consideration of HKD 100 million, which is adjustable [1] - The payment structure includes HKD 40 million in cash and HKD 60 million through the issuance of 42.253 million consideration shares at an issue price of HKD 1.42 per share [1] - The company also intends to place up to 44 million placement shares at the same price of HKD 1.42 per share, aiming to raise approximately HKD 60.9 million net, with HKD 40 million allocated for the cash portion of the acquisition and HKD 20.9 million for general working capital and strengthening the group's financial position [1] Group 2: Target Group Overview - The target group primarily engages in blockchain-based real-world asset (RWA) tokenization technology infrastructure, providing trading and liquidity solutions aimed at connecting traditional finance with decentralized Web3 markets [1] - The target group is focused on building infrastructure that links traditional finance with the Web3 ecosystem, positioning itself as a pioneer in shaping the digital capital market landscape [1]

Core Viewpoint - Jieli Trading (08017) and Boleton (01333) have seen significant stock price increases following the announcement of a strategic cooperation agreement to globally issue Real World Assets (RWA) [1] Group 1: Company Developments - Jieli Trading's stock rose by 4.69% to HKD 2.01, while Boleton's stock increased by 5.85% to HKD 46.7 [1] - The announcement includes plans for a strategic cooperation agreement among Jieli Trading, Boleton, and Golden Continent Holdings Limited (GCH) [1] Group 2: Strategic Initiatives - The three parties aim to promote three core collaborations: 1. Tokenization of RWA, packaging Boleton's renewable energy equipment operating income rights and green carbon reduction assets on-chain to create divisible and auditable on-chain financial products [1] 2. Development of a compliant Web3 payment system to enhance payment settlement efficiency within Boleton's business ecosystem [1] 3. Issuance and circulation of digital assets under the Hong Kong framework, with GCH's licensed company responsible for compliant asset tokenization and TGM handling product underwriting and subscription arrangements [1]

Core Insights - The conference focused on the trend of tokenization of Real World Assets (RWA) and explored the issuance paths, operational practices, and global development opportunities for RWA funds in Hong Kong [1][2] - Hong Kong is positioning itself as a global hub for RWA asset issuance and operation due to its robust financial infrastructure and open regulatory environment [1] Group 1: Industry Trends - RWA has become a crucial link between the real economy and the digital economy, facilitated by the deep integration of blockchain technology with traditional finance [1] - The global on-chain asset scale is projected to reach $269.42 billion by July 2025, with stablecoins accounting for over 90% of this figure [2] - Non-standardized asset tokenization, such as real estate, has seen significant growth, doubling in scale within six months [2] Group 2: Challenges and Solutions - Traditional financing models for small and medium-sized enterprises (SMEs) face challenges such as complex asset rights confirmation, low transaction efficiency, and high barriers for global investor participation [1] - RWA can enhance liquidity, reduce transaction costs, and eliminate geographical barriers, allowing global capital to efficiently connect with quality SME assets [1] Group 3: Regulatory and Operational Framework - The Hong Kong SME Association aims to collaborate with regulatory bodies and market participants to establish RWA-related standards and provide compliance guidance, technical support, and resource matching services [2] - The legal framework for RWA funds in Hong Kong emphasizes the principle of "same business, same risk, same rules" to ensure compliance [2] Group 4: Market Potential - Institutional investors recognize the advantages of the Hong Kong RWA market, including clear regulations, robust infrastructure, and capital aggregation, indicating significant future growth potential [3]