Core Viewpoint - Lakala is planning to issue H-shares and list on the Hong Kong Stock Exchange, aiming to advance its internationalization strategy and enhance its competitiveness in the digital currency space [1][4][5]. Group 1: Reasons for Hong Kong Listing - The company aims to promote international development and establish a dual circulation pattern, leveraging Hong Kong's advantages as an international financial center [4][5]. - Listing in Hong Kong is expected to provide broader financing channels and higher valuations for fintech companies, which can facilitate cross-border payment services [5][6]. - Recent supportive policies from Chinese regulatory bodies for companies seeking to list in Hong Kong have created a favorable environment for Lakala's internationalization efforts [6][12]. Group 2: Market Context and Challenges - The recent surge in interest around stablecoins has led to speculation that Lakala's move to Hong Kong may be linked to this trend, although the company has not disclosed specific plans in this area [3][9][10]. - Despite the stock price increase, Lakala's financial performance has been declining, with revenue and net profit expected to drop in 2024 and Q1 2025 [12][13]. - The company faces challenges such as high customer concentration, regulatory scrutiny, and the need to improve its operational capabilities to succeed in the competitive Hong Kong market [12][13].

前言 数字货币+跨境支付，协助搭建数字人民币CIPS系统，数字人民币硬件钱包落地，支付设备市场份额全球 前列，海外累计销售占比超80%，这家公司小微金融领域合作企业包括网商银行、京东科技。 《电报解读》是一款主打时效性和专业性的即时资讯解读产品。侧重于挖掘重要事件的投资价值、分析 产业链公司以及解读重磅政策的要点。即时为用户提供快讯信息对市场影响的投资参考，将信息的价值 用专业的视角、朴素的语言、图文并茂的方式呈现给用户。 ...

无缝的数字身份识别及开户流程 数字身份是采用数字服务的核心推动因素。我们的解决方案采用同一个高效 API 整合数字身份验证、身份校验和风 险筛查流程。 KYC 尽职调查报告 我们全面的 KYC 尽职调查报告可就个人或企业实体提供深入的见解和背景调查，而不受其行业、规模或地理位置所 影响。 法律声明： 我们的解决方案：面向支付服务提供商的反洗钱合规解决方案 帮助您遵守反洗钱和 KYC 相关法规 高级筛查功能 我们的 World-Check 平台利用 World-Check 数据库的强大优势，提供敏捷、高级的筛查功能，帮助合规团队确定潜 在犯罪及最大程度减少误报。 未经我们事先书面同意，禁止重新发布或转发伦敦证券交易所集团的内容。 本刊物的内容仅供参考，不具有法律效力，不构成任何合同的一部分，不构成也不寻求构成任何性质的建议，不应依赖本刊物 中的陈述。尽管伦交所集团已尽合理努力确保本出版物的内容准确可靠，但并不保证本文件不存在任何错误或遗漏；因此，在 任何情况下，您都不得依赖本文件的内容，而应自行寻求独立的法律、投资、税务和其他方面的建议。我们或我们的关联公司 均不对本出版物或任何其他内容中的任何错误、不准确或延 ...

Market Performance - The market experienced a rebound with the ChiNext leading the gains, closing at 2057.32, up by 0.66% [2][4] - The Shanghai Composite Index closed at 3388.73, up by 0.35%, while the Shenzhen Component Index closed at 10163.55, up by 0.41% [2][4] - The total trading volume in the Shanghai and Shenzhen markets was 1.22 trillion yuan, a decrease of 252.2 billion yuan compared to the previous trading day [7] Sector Performance - The top-performing sectors included Media (up 2.70%), Communication (up 2.11%), and Computer (up 1.99%) [3][4] - The sectors with the weakest performance were Agriculture, Forestry, Animal Husbandry, and Fishery (down 0.76%) and Beauty and Personal Care (down 0.49%) [3][4] - Concept indices that performed well included Digital Currency (up 4.72%) and Ant Financial Concept (up 4.40%) [3][4] Economic Indicators - In May, the total retail sales of consumer goods reached 41,326 billion yuan, a year-on-year increase of 6.4% [6] - The industrial added value for large-scale enterprises grew by 5.8% year-on-year in May, with a month-on-month increase of 0.61% [6] - The average sales price of new residential properties in first-tier cities decreased by 0.2% month-on-month in May [6] Future Outlook - The market is expected to maintain a range-bound trend in the short term, but overall is in a healthy operating condition [7] - Mid-term prospects remain positive due to economic resilience and supportive policy measures, indicating potential upward movement in the market [7] - Recommended sectors for attention include Finance, Non-ferrous Metals, Consumer Goods, and TMT (Technology, Media, and Telecommunications) [7]

Market Overview - A-shares experienced a low open and high close, with the Shanghai Composite Index rising by 0.35%, Shenzhen Component Index by 0.41%, and ChiNext Index by 0.66% [1] - The total market turnover reached 12,435 billion, with over 3,500 stocks in the market closing in the green [1] Stablecoin Concept - The stablecoin concept surged throughout the day, with the digital currency sector rising by 4.72%, making it the top-performing industry concept [2] - Notable stocks included Tianyang Technology and Sifang Jingchuang hitting the 20% limit up, while Lakala rose over 15% [2] - The positive sentiment is attributed to favorable policies boosting investor confidence, with long-term prospects for stablecoins expected to drive the virtual asset industry [3] Financial Sector Performance - The banking sector showed strong performance, with Qingnong Commercial Bank and Sunong Bank rising over 3%, and several banks reaching historical highs [4] - The People's Bank of China reported an increase in social financing scale and new RMB loans, indicating a robust financial environment [4] - Analysts suggest that bank stocks have strong earnings certainty and recommend focusing on their investment value due to stable fundamentals and low valuations [5] Real Estate Sector Activity - The real estate sector exhibited strong performance, with a 1.69% overall increase, and 81 out of 91 stocks rising [6] - Positive policy signals from the government aim to stabilize the real estate market, with measures to optimize existing policies and enhance market expectations [6][7] - The National Bureau of Statistics indicated that the real estate market is moving towards stabilization, supported by the implementation of various policies [7]

跨境支付行业现状及稳定币的应用探讨 20250616 摘要 跨境支付试点项目满足了中小商家的需求，为他们提供了合规的资金收 付渠道，解决了传统银行外汇结售汇业务难以覆盖的问题。该项目由银 行和外管局启动，首批试点牌照授予快钱、连连、支付宝和通联等机构。 跨境支付行业经历了从 B2C 到 B2B 的演变，早期通过申请牌照开展 B2C 业务，后拓展至 B2B 业务，如义乌小商品市场和阿里巴巴国际站 通过蚂蚁国际申请牌照提供海外账户服务。万里汇、云汇、连连等机构 也开始拓展 B2B 业务。 当前跨境支付行业头部机构包括 PingPong、连连、Worldpay 等，市 场占有率分散，各具特色和优势。PingPong 较早获得国内支付业务许 可证，连连在海外持有大量牌照，蚂蚁国际凭借庞大交易体量稳居前三， XTransfer 专注于 B2B 业务。 蚂蚁国际通过收购 WorldFirst 迅速获得品牌效应和市场认可， WorldFirst 在 2018 年时在中国地区拥有较高市场占有率，并在多个海 外国家和地区有业务分布。连连支付更专注于国内市场，并逐步向欧洲、 澳大利亚、新加坡和日本等地扩展。 Q&A 跨境支付行业 ...

6月16日，上证指数、深证成指、创业板指早盘探底回升，随后有所回落，午后震荡上扬；科创50指数早盘探底回升，随后 回落走低，尾盘震荡回升，跌幅缩窄。截至收盘，上证指数报3388.73点，涨0.35%，成交额4815.94亿元；深证成指报 10163.55点，涨0.41%，成交额7334.94亿元；创业板指报2057.32点，涨0.66%，成交额3576.47亿元；科创50指数报970.89 点，跌0.21%，成交额222.87亿元。沪深两市合计成交12150.88亿元，成交额较上一交易日减少2521.57亿元。 传媒、计算机等行业走强元隆雅图、*ST宇顺均4连板 盘面上来看，行业板块、概念涨多跌少。其中，传媒、计算机、通信、房地产、教育、证券、银行、电子等行业涨幅靠前； 数字货币、跨境支付、数据确权、盲盒经济、智谱AI、气溶胶检测、财税数字化、谷子经济、国产软件等概念走势活跃。农 林牧渔、美容护理、有色金属、纺织服饰、医药生物等行业跌幅居前；毛发医疗、黄金、培育钻石、草甘膦、鸡肉、低碳冶 金等概念走势较弱。涨停个股主要集中在医药生物、化工、计算机、石油石化、传媒等行业。 个股涨跌情况，截至收盘，沪深两市合计3 ...

Core Viewpoint - The increasing competition in the domestic payment sector and the higher profit margins in cross-border payment services are driving payment institutions to expand into overseas markets to seek new growth opportunities [2][3]. Group 1: Licensing and Global Expansion - PingPong has recently obtained a payment license from the Central Bank of the UAE, becoming the first Chinese third-party payment institution to hold such a license [3]. - The company also secured an MSB license in Malaysia, marking significant progress in its global expansion strategy [3]. - Other payment institutions like Yikac and Lianlian Digital are also actively acquiring overseas licenses to sustain growth in cross-border business [2][3]. Group 2: Market Trends and Demand - The demand for cross-border payment services is surging due to the expansion of Chinese enterprises abroad, with increasing needs for cross-border trade, supply chain finance, and multi-currency settlements [3][6]. - The trend towards globalization and compliance in the cross-border payment industry is evident as institutions seek to transform from single payment channels to comprehensive financial service platforms [3][6]. Group 3: Profit Margins and Financial Performance - Cross-border payment business has shown significant revenue growth, with Lakala's cross-border payment transaction volume reaching 49.2 billion yuan, a 14% year-on-year increase [6]. - Lianlian Digital reported a total payment volume of 281.5 billion yuan in global payments, with a 63.1% year-on-year growth and a cross-border payment profit margin of 72%, placing it among the global leaders [6]. - Yikac's overseas business transaction volume exceeded 1.1 billion yuan in 2024, marking a nearly fivefold increase [6]. Group 4: Challenges in Obtaining Licenses - Obtaining overseas payment licenses is a complex and lengthy process, often taking several years to complete, which serves as a test of the comprehensive strength of payment institutions [4][5]. - The application standards for payment licenses globally are stringent, with specific requirements for local registration and compliance with various regulatory frameworks [5]. Group 5: Strategic Considerations - The geopolitical landscape can impact payment institutions' overseas operations, making it essential to acquire multiple licenses to mitigate regional risks [7]. - Payment institutions are leveraging their technological advantages and local market characteristics to implement localized operations in foreign markets [7][8].

今日，A股三大指数低开高走。截至收盘，上证指数涨0.35%，深证成指涨0.41%，创业板指涨0.66%。 全市场成交额12435亿元，超3500只个股上涨。 从盘面上看，数字货币板块、蚂蚁金服概念、风电设备板块等涨幅居前；贵金属、毛发医疗、青蒿素板 块跌幅居前。 四方精创（300468）尾盘爆发，收获"20CM"涨停。 华泰证券认为，市场短期或进入"歇脚期"，指数接近震荡区间上沿、强势品种充分演绎后性价比有所下 降，但中期来看，中国资产重估或仍处于进行时。高交易拥挤度并不意味着立即反转，且强产业趋势行 情中往往伴随着拥挤度中枢的抬升，当前 小微盘、新消费、医药等拥挤度升高后短期赔率偏低，调整 后或为更好的介入机会 。 数字货币板块表现强势 今天，数字货币板块位列同花顺板块涨幅榜首位。截至收盘，该板块上涨4.72%。 稳定币概念股天阳科技、四方精创均"20CM"涨停 ，拉卡拉、雄帝科技等跟涨。此外，蚂蚁金服概念、 电子身份证、跨境支付等支付相关概念涨幅居前。 | | | 数字货币 1 | | | | --- | --- | --- | --- | --- | | | | 2236.12 4.72% | | | ...

老铁们好，这里是帮主郑重每天的收评时间。今天带你们拆解A股最新剧本——沪指缩量反弹收涨0.35%，但市场暗流涌动，稳币概念股集体狂欢，这背后 藏着什么门道？ 1. 别碰缩量反弹的弱势股，尤其是成交量连续萎缩的，这种票涨不动也跌不深，容易把人磨死。 2. 关注政策驱动的确定性机会，比如跨境支付、数字货币，这类有政策背书的板块，跌了也敢抄底。 3. 回避纯概念炒作的题材股，像毛发医疗这种没有业绩支撑的，炒高了就是坑。 油气股延续强势，准油股份、贝肯能源又涨停，这波行情和油价反弹直接挂钩。中东局势紧张，国际油价重回80美元关口，国内油气开采企业利润肉眼可 见。不过老铁们要注意，这类周期股涨得快跌得也快，就像坐过山车，心跳加速但容易晕车。 影视院线突然崛起，光线传媒涨停，背后藏着暑期档的预期。最近《消失的她2》点映口碑炸裂，加上端午假期票房回暖，资金提前押注影视股。但记住， 影视股业绩波动大，就像追着看明星八卦，热闹归热闹，真能赚到钱的得看长线逻辑。 先看大盘，三大指数虽然全红，但成交额直接缩了2600亿，说明资金还在场外观望。这就像聚餐时大家点了一桌子菜，但都只敢尝一口，生怕吃多了撑着。 不过别慌，超3500只个股 ...