Core Viewpoint - The article highlights the explosive growth and interest in stablecoins, surpassing previous trends in AI, innovative pharmaceuticals, and robotics, driven by significant market events and legislative developments in the cryptocurrency space [2][4]. Group 1: Market Dynamics - Stablecoins have gained unprecedented attention, particularly following Bitcoin's historic surge past $120,000 and the U.S. Congress voting on three major cryptocurrency bills, marking a peak in market interest [2][3]. - Circle, the issuer of USDC, has captured 24% of the global stablecoin market, with its stock skyrocketing over 800% since its IPO, reaching a market cap of over $65 billion [6]. - The Hong Kong market has seen early adoption of stablecoin concepts, with significant stock price increases for companies involved in virtual asset trading services, such as Guotai Junan International, which has surged over 400% [7][9]. Group 2: Legislative Developments - The U.S. Congress passed three key bills aimed at establishing a regulatory framework for stablecoins, including the GENIUS Act, which is expected to enhance consumer protection and legitimize the cryptocurrency industry [19][20]. - Other countries, including the EU and Japan, are also advancing legislation to regulate digital assets, indicating a global trend towards formalizing the stablecoin market [23][24]. Group 3: Investment Opportunities - The article notes that stablecoins are projected to reach a trading volume of $27.6 trillion by 2024, with a growth rate of 20%-30% per month, highlighting their increasing monetary significance [17]. - The emergence of tokenized funds, such as those launched by Huaxia Fund in Hong Kong, is expected to further stimulate investment interest in stablecoins [13][15]. - A significant number of stocks related to stablecoins have seen substantial price increases, with many doubling in value over recent months, indicating a robust investment landscape [11][12]. Group 4: Future Outlook - The global stablecoin market is anticipated to grow over 20 times in the next five years, potentially exceeding $3.7 trillion by 2030, driven by increasing adoption and regulatory clarity [17]. - The article suggests that the ongoing developments in stablecoin legislation and market dynamics could lead to a new wave of investment opportunities, similar to past financial technology revolutions [33][34].

出品 | 搜狐财经 作者 | 冯紫彤 当欧盟《加密资产市场法案》将稳定币纳入严格监管框架，当香港特区正式通过《稳定币条例》，当稳定币USDC发行商Circle在纽交所挂牌上市，当美国 多家大型银行透露探索稳定币发行路径——这个总市值突破2500亿美元的赛道正以前所未有的速度撞向传统金融体系的闸门。 稳定币的崛起在全球引发了巨大争议。支持者欢呼它是加密世界剧烈波动中的"避风港"，是让跨境汇款手续费显著降低的"破壁者"。但从UST崩盘蒸发400 亿美元市值的惨痛教训，到硅谷银行危机引发的USDC短暂脱钩，稳定币在传统金融体系外掀起的暗涌正引发全球警惕，监管机构与批评者的警报也从未停 止。 稳定币目前发展到了什么阶段？未来有望如何改变我们的生活？对于传统金融体系和加密交易体系的关系又该如何看待？7月17日晚间，搜狐财经特别连线 了汇管信息研究院副院长赵庆明深度解析稳定币。 以下是采访精编： 搜狐财经：我们先从基础讲起，"稳定币"作为一种区块链上的"加密货币"，它和我们更熟悉的比特币、狗狗币这类加密货币有什么区别？在加密货币生态里 扮演什么角色？ 赵庆明：稳定币本质上是一种基于区块链技术构建，同时又与主权货币的稳定性 ...

针对上述这些活动，北京市互联网金融行业协会发布的风险提示指出，此类活动具有显著的非法集资风 险特征。例如，资质缺失，这些机构或个人未经国务院金融管理部门依法批准或备案，不具备面向社会 公众吸收存款、销售理财产品或发行证券的合法资质；虚假承诺，普遍存在夸大宣传、虚假承诺， 如"稳赚不赔""高额固定收益""保本付息"等，利用公众追求高收益的心理；资金池运作，其运作模式往 往依赖于吸收新投资者的资金来维持运转或支付前期投资者的收益，一旦资金链断裂或项目方跑路，投 资者将面临本金无法收回的巨大风险等。 近日，北京、深圳、福建、苏州等多地相继发布提示，警惕以"稳定币"等为名开展非法集资的风险。 多地在风险提示中均表示，一些不法机构积极炒作"稳定币"等热点概念，利用社会公众对相关专业知识 了解不足的特点，以"金融创新""数字资产"等为噱头，通过发行或投资所谓"虚拟货币""虚拟资产""数字 资产"等方式吸收资金，诱导社会公众参与交易炒作，扰乱经济金融秩序，滋生非法集资、赌博、诈 骗、传销、洗钱等违法犯罪活动，严重危害社会公众财产安全。 此外，福建省防范和打击非法金融活动工作领导小组办公室提示，广大群众要谨记"保本高收益就是 ...

| 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W | 14.61亿 | 17.54 乙 | 32.15 乙 | | HK 09988 | | | -2.941Z- | | 国泰君安 ... | 13.87 亿 | 16.07 亿 | 29.95亿 | | HK 01788 | | | -2.20 Z | | 吴天国际 ... | 14.28 Z | 14.28 亿 | 28.56亿 | | HK 01341 | | | +89.55万 | | 第四四 | 11.31亿 | 11.30亿 | 22.61亿 | | | | | +170.99万 | | 小米集团-W | 8.56 亿 | 10.26 Z | 18.82亿 | | 中芯国际 | 10.45 亿 | 6.64亿 | 17.09亿 | | HK 00981 | | | | | 腾讯控股 | 7.94亿 | 9.09亿 | 17.03亿 | | HK 00700 | | | -1.15 亿 | | 美团-W | 7.83亿 | 8.65亿 | 16.4 ...

智通财经APP获悉，加密资产市场迎来历史性突破，总市值首次跨越4万亿美元里程碑。这一里程碑式 的增长与美国加密货币立法进程的加速密不可分，尤其是《指导与建立美国稳定币国家创新法案》(简 称《天才法案》)的通过，为市场注入了强大的信心。 值得注意的是，尽管加密资产市场呈现出强劲的增长态势，但投资者仍需保持谨慎态度。市场波动性较 大，且受到多种因素的影响，包括宏观经济状况、政策变化以及技术风险等。因此，投资者在做出决策 时，应充分考虑这些因素，并寻求专业的投资建议。 《天才法案》由共和党主导推动，并得到了特朗普总统的坚定支持。该法案旨在为与美元挂钩的稳定币 建立全面的监管框架，确保其合法性和合规性。 法案规定，只有获得许可的支付稳定币发行人才能在美国发行稳定币，且这些发行人需接受严格的监 管，包括储备资产要求、反洗钱体系以及审计等。这一框架的建立，不仅有助于保护消费者权益，还进 一步提升了加密货币行业的整体合法性。 从市场结构来看，稳定币市场在未来几年内有望实现显著增长。根据花旗银行研究院的预测，到2030 年，全球稳定币总流通供应量可能达到1.6万亿美元，乐观情景下更可攀升至3.7万亿美元。其中，美元 计价仍将 ...

#报告 瑞银香港市场展望，涉及上市融资活动、稳定币、零售消费以及住宅写字楼市场。None (@None):None ...

Market Overview - Hong Kong stocks experienced a rebound with all three major indices rising over 1%, closing with the Hang Seng Index up 1.33% at 24,825.66 points and a total trading volume of HKD 238.69 billion [1] - For the week, the Hang Seng Index increased by 2.84%, the Hang Seng China Enterprises Index rose by 3.44%, and the Hang Seng Tech Index gained 5.53% [1] - The recent geopolitical tensions in the Middle East have eased, and there is a marginal improvement in US-China relations, contributing to a recovery in global market risk appetite [1] Blue Chip Performance - ZTO Express (02057) led blue-chip stocks with a rise of 6.51%, closing at HKD 152.1, contributing 6.54 points to the Hang Seng Index [2] - China Life (02628) increased by 5.13%, contributing 11.32 points, while Hansoh Pharmaceutical (03692) rose by 4.49%, contributing 2.86 points [2] - Xinyi Solar (00968) fell by 3.41%, detracting 0.75 points from the index, and Galaxy Entertainment (00027) decreased by 0.93%, detracting 1.2 points [2] Sector Highlights Stablecoin Sector - Stablecoin-related stocks saw significant gains following the US Congress's approval of the Stablecoin Innovation Act, with Yao Cai Securities Financial (01428) rising by 16.93% and Yunfeng Financial (00376) up by 15% [3] - The act aims to establish a clear legal framework for stablecoins, which is expected to enhance the compliance and development of the stablecoin industry [3] AI Sector - AI-related stocks were active, with Huya Technology (01860) rising by 15.56% and Innovation Works (02121) increasing by 10.39% [4] - The recent launch of the K2 model by Moonlight Kimi and OpenAI's ChatGPT Agent has sparked interest in AI advancements, with analysts optimistic about the sector's growth potential [4] Pharmaceutical Sector - The pharmaceutical sector showed strong performance, with Lepu Biopharma (02157) surging by 24.65% and Genscript Biotech (01672) rising by 17.97% [4] - Morgan Stanley noted a significant rebound in China's healthcare sector, with the MSCI China Healthcare Index up approximately 50% this year [5] Brokerage and Insurance Stocks - Brokerage and insurance stocks also saw gains, with GF Securities (01776) up by 5.04% and China Life (02628) increasing by 5.13% [6] - Recent policies aimed at guiding insurance funds towards long-term stable investments are expected to enhance the profitability of insurance companies [6] Notable Stock Movements - China New Economy Investment (00080) surged by 394.38% after announcing a mandatory cash offer for shares [7] - Chuangmeng Tiandi (01119) rose by 30.12% following a profit forecast indicating a turnaround [8] - Dongfang Zhenxuan (01797) increased by 12.78% due to new product launches [9] - CATL (03750) reached a new high, with Goldman Sachs projecting strong revenue and profit growth [10] - Kintor Pharmaceutical (01888) fell by 9.23% after announcing a share placement at a discount [11]

俄罗斯外交部发言人扎哈罗娃当地时间18日就日本发布《防卫白皮书》答媒体问时表示，日方该文件再 次在俄乌冲突和俄罗斯与朝鲜合作发展的背景下，将俄罗斯与所谓"地区局势恶化"进行了联系。扎哈罗 娃表示，对此俄方已通过外交渠道多次向日方提出严正警告，指出此类外交政策不仅对亚太地区的稳定 与安全构成明显风险，引发新一轮军备竞赛，还将对本已处于艰难状态的俄日双边关系产生直接影响。 扎哈罗娃指出，目前俄方正在对已具有官方性质的白皮书内容进行详细研究，特别是其中有关导弹防御 的部分。她表示，如在该领域发现对俄罗斯安全构成具体风险和挑战的内容，俄方将作出进一步回应。 (央视新闻) ...

今日，港股三大指数今日跳空高开逾1%，盘中小幅回落午后再度拉升走高，市场情绪总体平稳向好。 截止收盘，恒生指数涨1.33%上扬超300点，国企指数、恒生科技指数分别上涨1.51%及1.65%，恒科指刷新4月以来新高。 | 代码 | 名称 | | 最新价 | 涨跌额 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 800000 | 恒生指数 | (0 | 24825.66 | +326.71 | 1.33% | | D'EST MERICAL CHANGERY: 800100 | 国企指数 | | 8986.47 | +133.37 | 1.51% | | 800700 | 恒生科技指数 | | 5538.83 | +89.98 | 1.65% | 盘面上，大型科技股、大金融股等权重上涨助力大市走俏，其中，京东、阿里巴巴涨约3%，招商证券涨超4%，中国太平、中国太保涨超5%， 建设银行、招商银行、中国银行皆有涨幅。 生物医药股继续活跃，风电股拉升明显，软件类股集体强势，其中，金山云涨超8%。 现货黄金重回3340美元上方，黄金股全天表现活跃，带领有色金属股集体上涨 ...

工信部新闻发言人陶青：今年上半年我国装备制造业占全部规模以上工业增加值比重为35.5%，充分发 挥工业发展稳定器作用，汽车、通用设备等制造业固定资产投资实现两位数增长。 ...