作为出海展业的必选项，支付机构近期海外拿牌动作频频。6月5日，北京商报记者注意到，跨境支付机构PingPong接连官宣， 成为中国首家持有马来西亚MSB（Money Services Business）牌照、阿联酋支付牌照的机构。与此同时，多家支付机构在东南 亚、中东、拉美等地区积极拿牌，为海外业务拓展做好合规准备，也趁机"秀"了一把综合实力。移卡、连连数字等多家支付机 构向北京商报记者表示，将持续扩大全球业务版图，并重点关注新兴市场机会。 掀起海外拿牌热潮 5月29日，PingPong宣布正式获得马来西亚中央银行批准，成为中国首家持有MSB牌照的To B跨境支付机构。据悉，继新加 坡、印尼牌照后，此次获得马来西亚牌照将进一步扩大PingPong在"一带一路"国家和地区的业务布局和本地生态网络建设范 围。 另一方面，获取境外支付牌照的高难度、复杂流程，也使其成为支付机构展现综合实力的方式之一。正如移卡方面表示，在美 国，获取MTL牌照是一个复杂且耗时的过程，涉及多个步骤和严格的评估程序。通常需要先申请MSB牌照作为备案，然后才 能申请各州的MTL牌照以实现合规。移卡此次成功取得MTL牌照，体现了美国金融监管部 ...

Core Viewpoint - The rise of stablecoins and innovations in cross-border payment systems have made Qingdao Jinwang a focal point in the capital market, despite its revenue declining for three consecutive years [2][3]. Group 1: Company Overview - Qingdao Jinwang, originally a candle manufacturer, has expanded into the cross-border payment clearing sector and is involved in the stablecoin ecosystem [2]. - The company has seen its stock price surge from 5.29 yuan in January to 9.85 yuan by June 4, marking an increase of 86% [3]. - Qingdao Jinwang has not directly issued stablecoins but provides clearing services through the CIPS, enhancing cross-border trade efficiency [3]. Group 2: Financial Performance - In Q1 2025, Qingdao Jinwang reported revenue of 323 million yuan, a year-on-year decrease of 2.48%, with a net profit of 8.74 million yuan, down 5.23% [6]. - For 2024, the total revenue was 1.793 billion yuan, a decline of 28.55%, while net profit increased by 236.91% to 35.12 million yuan [6]. - The company’s overseas revenue grew by 41.43%, contributing 75.45% of total revenue, indicating reliance on international markets [6]. Group 3: Business Challenges - Despite the potential of stablecoins in reducing transaction costs and improving efficiency, Qingdao Jinwang faces regulatory uncertainties that could impact its cross-border payment operations [4]. - Increased competition from traditional financial institutions entering the digital payment space poses a threat to Qingdao Jinwang's market share [5]. Group 4: Future Outlook - The company aims to achieve over 1.7 billion yuan in revenue for 2025, focusing on improving revenue structure and profitability [8]. - The management believes that the demand for candles and related products will grow steadily in domestic markets due to changing consumer behaviors influenced by globalization [8].

作为人民币跨境支付清算的"主渠道"，在中国人民银行坚强领导下，人民币跨境支付系统(CIPS)上线以 来，全面支持全球各时区跨境人民币贸易、投融资、金融市场等业务的资金清算。截至2025年5月底， CIPS系统已有174家直接参与者(直接接入系统办理业务)和1509家间接参与者(通过直接参与者办理业 务)，业务覆盖全球187个国家和地区的4900余家法人银行机构。(21世纪经济报道) ...

Core Viewpoint - The company, Jingbeifang (002987), has not yet established subsidiaries or branches in Hong Kong but has been actively involved in cross-border payment solutions for several years, assisting clients with SWIFT and CIPS system integration [1] Group 1 - The company has a rich experience in cross-border payment solutions, having participated in various projects such as the digital currency bridge project [1] - The company possesses a strong technical and talent reserve related to cross-border payment systems [1]

近期，香港《稳定币条例》正式生效，成为全球首个针对法币稳定币建立牌照制度的司法管辖区。这一里程碑式立法引发资本市场强烈关注，券商机构迅速 响应，掀起密集研究热潮。三天内，22家券商集中发布30篇研报，超过20场电话会议相继召开，8场路演活动蓄势待发。券商研究覆盖计算机、区块链、金 融科技、跨境支付等多个维度，普遍认为香港新规将推动稳定币从交易媒介升级为关键金融基础设施，加速数字金融产业链发展。 券商研究热潮空前高涨 稳定币产业价值逐步显现 稳定币是一种与法定货币、实物资产或其他特定资产挂钩的加密货币，通过锚定机制维持价格相对稳定。其本质是将现实世界法定货币或资产进行链上代币 化，是传统金融资产与区块链技术结合的产物。相较于比特币等波动剧烈的加密资产，稳定币提供可预测的价值尺度和更优的法币兑换通道，被视作传统金 融和加密生态之间的桥梁。 全球稳定币市场规模增长迅猛。截至2025年5月31日，全球稳定币市值超过2500亿美元，较2024年年底增加超过400亿美元。挂钩美元的两大稳定币USDT和 USDC市值分别超过1530亿美元和610亿美元，占全球稳定币总市值超过85%。渣打银行预测，稳定币供应量有望增至202 ...

Market Overview - The A-share market experienced a rebound with the ChiNext index leading the gains, closing up by 1.11% [4] - The Shanghai Composite Index closed at 3376.20, up 0.42%, while the Shenzhen Component Index rose by 0.87% to 10144.58 [2] Sector Performance - The top-performing sectors included Beauty Care (up 2.63%), Comprehensive (up 2.53%), and Textile & Apparel (up 2.41%) [3] - Conversely, the sectors that underperformed were Transportation (down 0.58%), Defense & Military (down 0.24%), and Utilities (down 0.12%) [3] Concept Index Performance - Among concept indices, Beer Concept led with a gain of 3.85%, followed by Tobacco at 2.65% and Hat Removal at 2.63% [3] - The weakest performers included Glyphosate (down 0.26%) and Terahertz (down 0.16%) [3] Future Outlook - The market is expected to maintain a stable upward trend, supported by resilient domestic economic fundamentals and favorable policies [6] - The manufacturing PMI for May was reported at 49.5%, indicating a slight recovery in the manufacturing sector [6] - Suggested sectors for investment include Finance, Non-ferrous Metals, Consumer Goods, and TMT (Technology, Media, and Telecommunications) [6]

Group 1: Kede CNC - Kede CNC is focusing on humanoid robot technology, particularly in motion control technology adaptation and core component manufacturing applications [1] - The company has developed proprietary five-axis machining centers and linear motors to enhance precision and acceleration in manufacturing robot parts [1] - The demand for large aircraft in China is projected to require 8,278 new passenger aircraft from 2024 to 2043, significantly boosting the aviation manufacturing supply chain [1] - Kede CNC's products are applicable in manufacturing core components for large aircraft, including engines and structural parts, and the company has established partnerships with major aviation manufacturers [1] Group 2: Jingbeifang - Jingbeifang is focusing on stablecoin technology and its advantages in cross-border payments, emphasizing improved timeliness and reduced costs [2] - The company plans to enhance communication and collaboration with clients to explore the application of stablecoin technology in various business scenarios [2] - Jingbeifang aims to strengthen partnerships with both financial and non-financial institutions to expand business opportunities while adhering to regulatory requirements [2]

在金融科技领域，一种新的趋势正在悄然兴起——稳定币。 这种加密货币因其价格稳定性而受到全球关注，有望成为未来金融交易的重要工具。近期，香港和美国 相继出台相关政策，显示出稳定币在全球金融领域的重要性。稳定币不仅是一种技术革新，更是货币主 权的争夺焦点。 以下是几家在稳定币领域具有重要布局的企业： 金汇科技：公司拥有第三方支付牌照和香港MSO资质，围绕牌照搭建境外金融服务体系，深度参与央 行数字货币桥（mBridge）项目，探索稳定币在国际贸易结算中的创新模式。 2023年5月21日，香港立法会通过了《稳定币条例草案》，使香港成为全球首个系统性规范稳定币的司 法管辖区。 为避免打扰主力,想知晓的唻蚣种皓：小婉说市，带走。参与了央行数字人民币跨境项目，主导CIPS （人民币跨境支付系统）区块链底层技术开发，持有120余项跨境结算技术专利。独家双海外支付牌 照：公司持有香港MSO（金钱服务经营者牌照）及美国MSB（货币服务牌照）。 5月30日，《稳定币条例》正式成为法例。紧接着，美国参议院以66票对32票通过了"GENIUS稳定币法 案"，进一步强化了市场对稳定币政策落地的信心。 与香港各大银行机构合作：子公司威富 ...

但是，如何解决本地化支付与销售回款，正成为中资企业布局拉美非洲市场普遍遭遇的一大难题。 由于拉美非洲地区信用卡普及度不高，近年众多本地支付方式纷纷兴起且呈现高度碎片化的竞争格 局。这令众多中资企业骤然发现，自己若不接入众多本地支付方式，就难以触及当地消费者与打开 销路；反之若接入众多本地支付方式，又是一项复杂且繁琐的工作。 这令众多跨境支付机构嗅到商机。 Airwallex空中云汇完成对墨西哥支付服务提供商MexPago公司的收购，且在巴西获得支付牌照， 着手解决中资企业布局拉美市场的本地收款与资金分发等支付问题。 于翔告诉记者，EBANX通过聚合支付方式，集成拉美非洲众多国家约200种本地主流支付方式， 涵盖信用卡、现金券、移动货币（短信支付）电子钱包、即时支付与先买后付等，提供一站式的聚 合支付解决方案。 要真正解决中资企业拓展拉美非洲地区的支付挑战，跨境支付 服务商还需做好"支付服务"，即围绕中资企业的差异化支付诉 求，结合拉美非洲当地消费者与企业的支付习惯与支付监管政 策变化，提供更接地气的支付解决方案，助力中资企业在拉美 非洲地区取得成功。 作者：陈植 封图：图虫创意 随着中国与拉美非洲地区的经贸往 ...

Core Insights - The increasing economic and trade interactions between China and Latin America/Africa have led to a rise in Chinese companies entering these markets, particularly in sectors like B2B trade, gaming, social media, and SaaS services [1][10] - A significant challenge for these companies is localizing payment methods and managing sales collections due to the low credit card penetration and fragmented payment landscape in Latin America and Africa [1][3] Group 1: Payment Solutions and Market Dynamics - Cross-border payment institutions are seizing opportunities, with companies like Airwallex acquiring local payment providers and obtaining licenses to address payment issues for Chinese enterprises in Latin America [2] - EBANX offers a one-stop aggregated payment solution that integrates around 200 local payment methods across Latin America and Africa, addressing the complexities of local payment systems [2][6] - The fragmented nature of local payment methods in Latin America and Africa complicates the process for Chinese companies to establish their own payment networks, leading many to adopt aggregated payment solutions [6][12] Group 2: Local Payment Preferences - In Mexico, OXXO Pay is a popular offline payment method, while in Kenya, mobile money is increasingly favored, and in Brazil, Pix is expected to surpass credit cards in e-commerce transactions [4][5] - The average settlement period for credit card payments in Brazil is 30 days, while Pix allows for next-day settlements, easing cash flow pressures for Chinese exporters [12] Group 3: Customization and Service Requirements - Different Chinese enterprises have varying payment requirements; for instance, cross-border e-commerce firms prioritize payment success rates, while gaming companies focus on reaching local audiences [11][13] - EBANX has established a local team to provide tailored payment solutions and maintain communication with headquarters to address challenges faced by Chinese companies in cross-border payments [13] Group 4: Fraud Risks and Mitigation - Payment fraud is emerging as a significant challenge for Chinese enterprises, with global e-commerce fraud losses reaching approximately $48 billion in 2023 [14] - EBANX employs multiple anti-fraud measures, including a self-developed fraud detection engine and AI technology to identify suspicious transactions [15] Group 5: Future Prospects - The evolving alternative payment systems and accompanying risk management measures in Latin America and Africa are expected to enhance the economic trade cooperation between China and these regions [16]