中国碳中和(01372)发布公告，集团旗下Future Marvel Limited近日顺利完成碳稳定币(Carbon Coin)的技 术测试，每一枚Carbon Coin(1：1)锚定1公斤碳信用。Carbon Coin是一套基于真实碳信用的碳信用锚定 协议,利用区块链技术与智慧合约技术，实现碳信用交易的高效、透明、自动化。配合碳信用锚定协 议，该应用系统包括碳帐户、碳减排项目及碳信用的生命週期管理系统，碳稳定币交易系统等，以提升 碳稳定币、资料相容性以及完整碳资产交易功能，帮助全球碳信用的代币化。 全球碳市场面临诸多挑战，包括效率降低、缺乏标准化、透明度不足以及市场碎片化等问题。一个统一 的通证化碳生态系统，可以使碳信用在买卖双方之间便捷转移，并支持无缝的结算，将有助于全球碳交 易发展。目前，自愿碳信用市场创新时机已成熟，碳信用的代币也有助于增强底层资产的可信度，这项 技术可提升资讯与价格的透明度，最终带来市场流动性的提升。 稳定币是一种锚定真实资产的数位货币，核心意义在于通过技术革新重构金融基础设施，在加密货币市 场中建立价值锚点，同时成为全球金融格局演变的关键变数。 稳定币能够大幅提升跨境支付效率：区 ...

摩根士丹利首席财务官：关于稳定币正在积极讨论其应用场景。 ...

美国银行CEO莫伊尼汉：稳定币的商业案例尚未得到验证。 ...

Group 1 - The A-share market has maintained above the 3500-point level for five consecutive trading days, indicating a significant shift compared to previous instances where it only briefly reached this level [1] - The current market dynamics show a high level of capital contention, as evidenced by the dense upper and lower shadows in the trading charts, suggesting that funds are actively competing at this price point [1] - Technical indicators such as MACD suggest a potential downward adjustment, but the underlying driving logic of the market remains misunderstood by many [1][2] Group 2 - The stock market is viewed as the best reservoir for capital, especially as the real estate market struggles to serve this function, with many cities experiencing price declines [3] - The decline in interest rates, with three-year rates dropping below 1.5%, indicates that capital will seek alternative investment avenues, primarily in the stock market [3] - The U.S. is expected to lower interest rates, which could lead to capital outflows from the U.S. and into global markets, particularly those with relatively low valuations and strong growth potential, such as China [4] Group 3 - Recent advancements in technology, particularly in areas like AI and pharmaceuticals, suggest that China is catching up to the U.S., which could lead to accelerated growth in these sectors if restrictions are lifted [5][6] - The competitive landscape for stablecoins is evolving, with both the U.S. and China potentially engaging in significant competition in this area [6] - The overall market logic indicates that the 3500-point level is not a peak but rather a confirmed support level, with the potential for further growth as the market stabilizes [6][7] Group 4 - There is a strong interest in growth sectors such as the PCB industry and robotics, with companies in these areas reporting substantial revenue growth, indicating a healthy investment environment [7] - High-dividend stocks continue to attract capital, with several companies offering dividends in the range of 3% to 5%, demonstrating that there are viable investment opportunities across different strategies [7] - The market's confirmation of the 3500-point level suggests that it is not a bottom but rather a stable point from which further upward movement is possible, especially if the market remains in this range for an extended period [7]

美国银行CEO莫伊尼汉：我们可能会与其他合作伙伴在稳定币方面展开合作。 ...

美国银行首席执行官表示，公司将会与一些稳定币项目合作。 ...

Market Sentiment and Recovery - The market is experiencing a sentiment recovery, with individual stocks and sectors showing significant activity despite the index fluctuations [1] - Historical data indicates a 90% probability of market recovery when the number of stocks in the red is below 700 and the high boards are suppressed [1] Sector Performance - The robotics sector continues to perform strongly, with notable activity in automotive parts-related stocks, indicating a rotation between high and low positions [3] - The CPU sector saw a continuation of gains but experienced a pullback after reaching highs, with trading volume nearly doubling to 170 billion [4] - The PCB sector is in a corrective phase but remains on an upward trend, relying more on performance metrics than market sentiment [4] - The AI and data elements sectors are showing ongoing recovery, with some stocks breaking previous highs [4] ETF Insights - The Food and Beverage ETF (515170) has seen a slight increase of 0.35% over the past five days, with a net inflow of 14.05 million [6] - The Gaming ETF (159869) has decreased by 2.20% in the same period, with a net outflow of 50.10 million [6] - The Cloud Computing ETF (516630) has increased by 6.28%, but has seen a net outflow of 3.18 million [7]

Core Viewpoint - The article discusses the rising importance of stablecoins, particularly in the context of the recent statements made by the central bank governor at the Lujiazui Financial Forum, which acknowledges stablecoins as a means to reshape traditional payment systems [1][2]. Group 1: Central Bank's Shift on Stablecoins - The central bank's recent endorsement of stablecoins marks a significant shift, moving them from a gray area to a more legitimate status [2]. - The urgency behind this shift is attributed to the United States' legislative efforts to institutionalize stablecoins, linking them to the US dollar and US Treasury bonds [3][5]. Group 2: Global Cryptocurrency Landscape - The increasing share of cryptocurrencies in global payment settlements is noted, indicating their growing purchasing power [4]. - The US aims to maintain the dollar's global currency status through stablecoin legislation, effectively binding cryptocurrencies to the dollar system [6][7]. Group 3: Implications for RMB and Internationalization - The article highlights the potential for China to issue stablecoins backed by offshore RMB, which could enhance the internationalization of the RMB [13][14]. - The establishment of an international operating center for offshore RMB was mentioned as a strategic move to promote its use in global markets [15]. Group 4: Market Trends and Investment Opportunities - The article points out that major Chinese companies, including JD, Alibaba, and Tencent, are seeking stablecoin licenses, indicating a competitive landscape in the virtual currency space [17]. - The recent application by Guotai Junan for a virtual asset trading license has made the brokerage sector a hot topic in the capital market [17]. Group 5: Future of Payment Systems - The article suggests that the evolution of stablecoins and digital currencies will lead to a significant transformation in global monetary and payment structures, presenting new wealth distribution opportunities [18][19]. - It emphasizes the importance of holding digital assets or related securities to benefit from this monetary transformation, citing a substantial increase in Guotai Junan's stock value as an example [22].

美国众议院金融服务委员会主席希尔：我们拥有足够票数推动稳定币法案。 ...

稳定币在资本市场上掀起的这波热潮始于5月21日，香港立法会通过《稳定币条例草案》，以在香港设 立法币稳定币发行人的发牌制度。该法例将于8月1日起生效，根据条例，香港金融管理局将开启牌照申 请。香港财经事务及库务局局长许正宇表示，新条例建立的发牌制度将为稳定币相关活动提供适切监 管，为香港稳定币乃至整个数字资产生态的可持续发展奠定基础，这一举措可视作促进香港国际金融中 心地位的里程碑。 6月17日，美国参议院也以68票赞成、30票反对的表决结果通过了《指导与建立美国稳定币国家创新法 案》，又称《GENIUS法案》。这个被称为美国首个稳定币的法案，市场普遍预期，一旦落地将为美国 稳定币产业带来急需的监管明晰，成为推动合规发展和机构入场的重要催化剂。 7月16日，稳定币相关概念股再次"王者归来"。其中，A股稳定币概念股日内震荡回升，金时科技 （002951）走出8天5板，恒宝股份（002104）盘中涨超6%再创历史新高；港股稳定币相关概念股表现 突出，其中，中国三三传媒盘中涨超130%，金涌投资涨幅15.83%；加幂科技涨幅6.74%，其他个股也纷 纷跟涨。 Defillama的数据也显示，目前加密货币稳定币的市场 ...