Core Viewpoint - The recent announcement by the China Internet Finance Association and six other associations highlights the risks associated with virtual currencies and illegal activities, emphasizing the need for public awareness and caution against scams and illegal fundraising activities [2][3]. Group 1: Risks of Virtual Currencies - Virtual currencies are not issued by monetary authorities and do not have the same legal status as fiat currencies, making them illegal for circulation within China [3]. - Air coins, such as π coin, lack substantial technological innovation and clear commercial applications, with serious issues related to fraud and market manipulation [3]. - Stablecoins currently do not meet customer identification and anti-money laundering requirements, posing risks of being used for money laundering and illegal fundraising [3]. Group 2: Regulatory Stance - The announcement reiterates that no institutions are allowed to engage in activities related to virtual currencies or tokenization of real-world assets [3]. - The financial management authorities in China have not approved any activities related to the tokenization of real-world assets, highlighting the regulatory stance against such practices [3]. Group 3: Historical Context - Previous warnings have been issued by the China Internet Finance Association regarding risks associated with NFTs and virtual currency trading, emphasizing the need for compliance with national laws and regulations [4]. - In April 2022, a call was made to curb the financialization and securitization of NFTs, and in May 2021, a warning was issued against virtual currency trading speculation [4].

Core Viewpoint - The Chinese financial regulatory authorities have issued a risk warning regarding virtual currencies and related illegal activities, emphasizing that virtual currencies are not legal tender and warning the public against participating in such activities [1][4][5]. Group 1: Regulatory Actions - On December 5, multiple financial associations in China jointly released a risk warning to prevent illegal activities related to virtual currencies [1]. - The warning highlights that virtual currencies are not issued by monetary authorities and do not have the same legal status as legal tender, thus cannot be circulated or used within China [4]. Group 2: Risks Associated with Virtual Currencies - Recent trends show a rise in illegal activities related to virtual currencies, including illegal fundraising and Ponzi schemes, often disguised as stablecoins or asset-backed tokens [4]. - Specific tokens like π coin are identified as lacking substantial technological innovation and clear commercial applications, leading to significant fraud and market manipulation risks [4]. - The warning outlines that stablecoins currently do not meet requirements for customer identity verification and anti-money laundering, posing risks of being used for money laundering and illegal fundraising [4]. Group 3: Prohibitions for Financial Institutions - Domestic institutions and individuals are prohibited from engaging in activities related to the exchange of legal tender for virtual currencies and the issuance of asset-backed tokens [5][6]. - Financial institutions, including banks and payment service providers, are instructed not to offer any services related to virtual currencies or asset-backed tokens, including mining operations [6]. Group 4: Public Awareness and Precautions - The public is urged to remain vigilant against various forms of virtual currency and asset-backed token activities, which are often associated with speculation and illegal activities [7]. - Individuals are advised to enhance their risk awareness and avoid participating in any virtual currency-related activities, including those disguised as mining operations [7].

Core Viewpoint - The Chinese Internet Finance Association and other regulatory bodies have issued a risk warning regarding illegal activities related to virtual currencies, highlighting the rise of speculative trading and fraudulent schemes under the guise of stablecoins and other tokens [1][2]. Group 1: Regulatory Actions - The warning is part of efforts to implement directives from the People's Bank of China and other financial regulatory authorities aimed at preventing risks associated with token issuance and virtual currency trading [1]. - Various associations, including the China Banking Association and the China Securities Association, have collaborated to issue this risk alert [1]. Group 2: Risks and Warnings - Virtual currencies are characterized by extreme price volatility and are often associated with speculative trading and illegal activities such as Ponzi schemes [2]. - The public is advised to enhance their risk awareness and avoid participating in activities related to virtual currencies and real-world asset tokens, as well as illegal fundraising under the guise of "mining" [2]. - Individuals are urged to report any suspicious activities related to virtual currencies to regulatory authorities and law enforcement [2].

Core Viewpoint - The recent surge in virtual currency-related activities has led to illegal fundraising and fraud, prompting regulatory bodies to issue warnings and guidelines to prevent such activities [1][2] Group 1: Regulatory Actions - The China Internet Finance Association and other financial regulatory bodies have issued a risk warning regarding virtual currencies and related activities [1] - Member units are prohibited from participating in the issuance and trading of virtual currencies and real-world asset tokens within China [2] - Financial institutions must conduct thorough due diligence to identify potential risks related to virtual currencies and report any suspicious activities to the relevant authorities [2] Group 2: Prohibitions on Services - Banks and payment institutions are not allowed to provide any services related to the issuance and trading of virtual currencies and real-world asset tokens [2] - Securities, fund, and futures institutions are also barred from offering services for the issuance and trading of virtual currencies and related financial products [2] - Internet platform companies must refrain from marketing or providing technical services for virtual currency-related activities and ensure compliance in information dissemination [2] Group 3: Public Awareness and Education - Member units are encouraged to conduct risk awareness campaigns to educate the public about the dangers of virtual currencies and illegal activities [2] - The emphasis is placed on helping the public discern risks and avoid illegal activities related to virtual currencies [2]

Core Viewpoint - The Chinese Internet Finance Association and other regulatory bodies have issued a risk warning regarding illegal activities related to virtual currencies, highlighting the rise of fraudulent schemes disguised as stablecoins, air coins, and tokenized real-world assets, which threaten public financial security and disrupt economic order [1][2]. Group 1: Nature of Virtual Currencies - Virtual currencies are not issued by monetary authorities and do not hold the same legal status as national legal tender, making them unsuitable for circulation within China [2]. - Air coins, such as π coin, lack substantial technological innovation and clear commercial applications, with opaque issuance and operational mechanisms, leading to significant fraud and market manipulation issues [2]. Group 2: Risks Associated with Stablecoins and Tokenization - Stablecoins currently fail to meet customer identification and anti-money laundering requirements, posing risks of being used for money laundering, fundraising fraud, and illegal cross-border fund transfers [2]. - Tokenization of real-world assets through the issuance of tokens or other rights carries multiple risks, including false asset risks, operational failure risks, and speculative trading risks, with no approved activities by financial regulatory authorities in China [2]. Group 3: Illegal Financial Activities - Domestic institutions and individuals engaging in the exchange of legal tender for virtual currencies, issuance of real-world asset tokens, and related activities are suspected of illegal financial activities, including illegal token sales and unauthorized securities issuance [3]. - Foreign virtual currency service providers conducting business activities in China, either directly or indirectly, are also considered to be engaging in illegal financial activities, with domestic personnel providing services to these entities facing legal accountability [3].

Core Viewpoint - The Chinese Internet Finance Association and six other departments issued a risk warning regarding virtual currencies and related illegal activities, emphasizing that member units must not engage in or provide services for virtual currency and real-world asset token issuance and trading within China [1][2]. Group 1: Nature of Virtual Currencies and Related Activities - Virtual currencies are not issued by monetary authorities and do not have the same legal status as legal tender in China, making them illegal for circulation [2]. - Certain virtual currencies, such as π coins, lack substantial technological innovation and clear commercial applications, leading to significant fraud and market manipulation risks [2]. - Stablecoins currently do not meet customer identification and anti-money laundering requirements, posing risks of being used for money laundering and fraudulent fundraising [2]. - The tokenization of real-world assets carries multiple risks, including false asset risks and speculative trading risks, with no approved activities in this area by Chinese financial authorities [2]. Group 2: Prohibitions on Financial Institutions - Member units are prohibited from participating in the issuance and trading of virtual currencies and real-world asset tokens within China [4]. - Banks and payment institutions must not provide any financial services or credit support to virtual currency mining enterprises and projects [4]. - Securities, fund, and futures institutions are also barred from offering services related to the issuance and trading of virtual currencies and real-world asset tokens [4]. Group 3: Public Awareness and Precautions - The public is urged to be vigilant against various forms of virtual currency and real-world asset token activities, which are often associated with speculation and fraud [5]. - Individuals should enhance their risk awareness and avoid participating in virtual currency and real-world asset token activities to protect their finances [5][6]. - Any suspicious activities related to virtual currencies should be reported to regulatory authorities, and individuals should refrain from engaging with promotional materials that suggest historical returns or speculative prospects [6].

Group 1 - The core point of the article is that Chudi Holdings (01413.HK) has entered into a collaboration agreement with The Hong Kong Polytechnic University to establish a joint center focused on the research and development of regulatory-compliant stablecoins and tokenization of real-world assets [1] - The joint center will leverage the academic expertise of the university in fintech regulation, AI-driven valuation, and market analysis, while Chudi will provide human resources, technical support, and financial backing [1] - The initial collaboration period is set for two years, with a total financial commitment from the group amounting to approximately HKD 1.7 million, to be paid in phases [1]

Core Viewpoint - The collaboration between Tian Kun Digital Limited and The Hong Kong Polytechnic University aims to establish a center focused on the research and development of regulatory-compliant stablecoins and tokenization of real-world assets, marking a significant milestone for the company in the fintech and digital asset sectors [1][2]. Group 1: Collaboration Details - The partnership will create the Hong Kong Polytechnic University Business School - Tian Kun Digital Stablecoin and Real-World Asset Innovation Center [1]. - The center will focus on developing a framework aligned with Hong Kong's upcoming Stablecoin Regulation Draft and Virtual Asset Policy Declaration 2.0 [1]. - The initial collaboration period is set for two years, with a total financial commitment of approximately HKD 1.7 million, to be paid in phases [2]. Group 2: Objectives and Goals - The core objectives include promoting AI-driven tokenization and real-time asset valuation model innovations [1]. - Pilot projects will be conducted in sectors such as automotive, real estate, and supply chain finance to validate practical applications [1]. - The center aims to publish academic research and form industry alliances to enhance Hong Kong's competitiveness in the global digital asset landscape [1]. Group 3: Strategic Importance - This collaboration is seen as a strategic expansion into the fintech and digital asset fields, enhancing the company's technological R&D capabilities and broadening the practical applications of RWA tokenization [2]. - The partnership is expected to leverage cross-border digital asset services as a new business growth driver [2]. - The board believes this collaboration aligns with the overall interests of the company and its shareholders, enhancing innovation capabilities and reputation in technology-driven financial infrastructure [2].

Core Viewpoint - The collaboration between TianKun Digital Limited and The Hong Kong Polytechnic University aims to establish a center focused on the research and development of regulatory-compliant stablecoins and tokenization of real-world assets, marking a significant milestone for the company in the fintech and digital asset sectors [1][2]. Group 1: Collaboration Details - The partnership will create the Hong Kong Polytechnic University Business School - TianKun Digital Stablecoin and Real-World Asset Innovation Center [1]. - The center will focus on developing a framework aligned with Hong Kong's upcoming Stablecoin Regulation Draft and Virtual Asset Policy Declaration 2.0 [1]. - The initial collaboration period is set for two years, with a total financial commitment of approximately HKD 1.7 million, to be paid in phases [2]. Group 2: Objectives and Goals - The core objectives include promoting AI-driven tokenization and real-time asset valuation model innovations [1]. - Pilot projects will be conducted in sectors such as automotive, real estate, and supply chain finance to validate practical applications [1]. - The center aims to publish academic research and form industry alliances to enhance Hong Kong's competitiveness in the global digital asset landscape [1]. Group 3: Strategic Importance - This collaboration is seen as a strategic expansion into the fintech and digital asset fields, enhancing the company's technological R&D capabilities and broadening the practical applications of RWA tokenization [2]. - The partnership is expected to leverage cross-border digital asset services as a new business growth driver [2]. - The company anticipates establishing early influence in international digital asset infrastructure and collaboration networks through global market exploration [2].

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 就 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。 FEG Holdings Corporation Limited 鑄帝控股集團有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：1413） 自願性公告 本 公 告 乃 由 鑄 帝 控 股 集 團 有 限 公 司（「本公司」，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 舉 措 的 最 新 資 料。 董 事 會 欣 然 宣 佈，於 二 零 二 五 年 九 月 九 日，本 集 團 之 間 接 擁 有 大 多 數 權 益 之 附 屬 公 司 天 坤 數 字 有 限 公 司（「天 坤」）與 香 港 理 工 大 學（「理 大」）訂 立 合 作 協 議（「該 協 議」）。根 據 該 協 議，天 坤 與 理 大 將 共 同 成 ...