EX.IO附属公司EXIO Ltd.去年12月已获香港虚拟资产交易平台牌照，从事虚拟资产交易及托管业务。九 方智投指出，本次投资将提升公司在数字资产交易、资产管理及托管等方面的合规基础设施与服务能 力，形成完整闭环。双方将共同推进数字资产创新合作，双方亦计划深化"AI+研究"在数字资产场景的 应用，研发智能投顾系统与算法，巩固在数字金融领域的竞争优势。 投资教育机构九方智投控股有限公司（9636.HK）周二宣布，其全资子公司JF SmartTrade与虚拟资产交 易平台EX.IO订立股份认购协议，将入股EX.IO。公司表示，此举有助借助EX.IO的交易所资源与Web3 技术，加快海外数字资产业务布局，强化链上金融服务能力，推动多元化及可持续发展。该笔投资未披 露具体条款。 来源：市场资讯 （来源：BBW咏竹坊） 九方智投周三高开，至中午休市报64.45港元，转跌1.07%。 ...

Market Overview - The Hang Seng Index closed down 185 points, marking a cumulative decline of 385 points over two days, with a final closing value of 26,159 points [3] - The total market turnover was 29.46 billion HKD, with a net outflow of 4.069 billion HKD from northbound trading [3] Stock Performance - Among 88 blue-chip stocks, 67 experienced declines, with notable drops including: - CSPC Pharmaceutical Group down 4.7% to 9.47 HKD - China Biologic Products down 4.5% to 8.14 HKD - WuXi AppTec down 3.3% to 109.7 HKD - BYD down 3.1% to 106.3 HKD - New Oriental Education saw an increase of 1.9% to 40.64 HKD, and CITIC Limited rebounded by 1.5% to 11.5 HKD, being the strongest blue chips [4] Debt Issuance - Bank of China assisted the Shenzhen Municipal Government in issuing offshore RMB local government bonds in Hong Kong, raising a total of 4 billion RMB. The bonds include 2-year, 5-year, and 10-year maturities with interest rates of 1.61%, 1.8%, and 2.08% respectively [7] - The issuance attracted significant interest, with a peak order book size of 18.67 billion RMB and an order multiple of 4.7 times [7] Green Finance Initiatives - The Hong Kong Stock Exchange signed a memorandum of cooperation with carbon trading centers in Guangzhou, Shenzhen, and Macau to enhance knowledge sharing and cooperation in the green finance ecosystem within the Greater Bay Area [8] E-commerce Regulation - The State Administration for Market Regulation reported that the online retail sales in China reached 7.43 trillion RMB in the first half of the year, growing by 8.5% year-on-year, with live e-commerce playing a significant role. However, issues of false marketing and counterfeit products were highlighted as prominent problems in the sector [9] Corporate Developments - Fantasia Holdings announced that 84% of its existing bondholders have supported the restructuring agreement, extending the deadline for creditors to join the plan [12] - Postal Savings Bank of China will absorb its wholly-owned subsidiary, Postal Huinong Bank, to optimize management and business structure, with no significant impact on its financial status [13] - China Resources Land announced the resignation of its CFO and the appointment of new executives [14] - Jiufang Zhitu Holdings is investing in EX.IO to expand its digital asset business, leveraging the resources of the virtual asset trading platform [15]

Macroeconomic Data Overview - The GDP growth rate for the second quarter of 2025 is reported at 5.20%, a decrease from 5.40% in the previous quarter and an increase from 4.70% in the same period last year [1] - The Manufacturing PMI for August 2025 is at 49.40, slightly up from 49.30 in July and up from 49.10 year-on-year [1] - The Non-Manufacturing PMI for August 2025 is at 50.30, showing a slight increase from 50.10 in July and unchanged from the previous year [1] - The total social financing scale for August 2025 is reported at 25,668 billion yuan, a significant increase from 11,307 million yuan in July and a decrease from 30,323 million yuan year-on-year [1] - The CPI for August 2025 shows a year-on-year decrease of 0.40%, compared to 0.00% in July and 0.60% last year [1] - The PPI for August 2025 shows a year-on-year decrease of 2.90%, an improvement from a decrease of 3.60% in July and a decrease of 1.80% last year [1] Commodity Investment Reference - Federal Reserve Chairman Jerome Powell indicated that stock prices are currently overvalued but stated that financial stability risks are not high at this time [2] - The U.S. White House's cryptocurrency committee executive director expects the cryptocurrency market structure bill to pass by the end of the year, which aims to consolidate various legislative efforts [2] - The SEC chairman expressed hopes for a new "innovation exemption" rule to be introduced by the end of the year, allowing cryptocurrency companies to launch products more easily [2] Metals - As of September 23, the SPDR Gold Trust holds 32,169,273.34 ounces (1,000.57 tons) of gold, unchanged from the previous trading day [4] - International precious metal futures saw a general increase, with COMEX gold futures rising by 0.58% to $3,796.9 per ounce and COMEX silver futures increasing by 0.12% to $44.265 per ounce [4] Steel Industry - A notice from five departments outlines a growth stabilization plan for the steel industry for 2025-2026, emphasizing the acceleration of key iron ore projects and supporting compliant mining enterprises [6] - The steel industry aims for an average annual growth rate of 4% over the next two years, with a strict prohibition on new capacity [7] Energy and Chemicals - International oil prices have risen sharply, with U.S. crude oil main contract up by 2.20% to $63.65 per barrel and Brent crude oil main contract up by 1.85% to $67.19 per barrel [8] - The Russian government is discussing extending the export ban on gasoline producers until October and is considering a possible ban on diesel exports [8] - Kuwait's oil minister noted a recovery in global oil demand as oil inventories fall below the five-year average [8] Agricultural Products - The Malaysian Palm Oil Council indicates that upward price potential is limited due to weak demand, while uncertainties in export supply provide some support [10] - Brazil's agriculture ministry announced the reopening of the EU market for Brazilian chicken following an outbreak of avian influenza [10] Financial Market Overview - The central bank conducted a reverse repurchase operation of 276.1 billion yuan on September 23, with a net withdrawal of 10.9 billion yuan for the day [11] - The People's Bank of China governor met with Ray Dalio to discuss international economic conditions and financial market dynamics [12] - Concerns over local government special bond risks have drawn attention from the National People's Congress, highlighting the rapid growth of government debt [13] Stock Market News - The A-share market experienced wide fluctuations, with major banks showing stability and significant gains in semiconductor equipment and photolithography concepts [27] - The Hong Kong Hang Seng Index closed down 0.7%, with declines in consumer, real estate, and healthcare sectors [27] - Since the release of the "merger and acquisition six guidelines," over 2,800 A-share companies have disclosed M&A activities, with a notable increase in transactions in the semiconductor sector [27]

九方智投控股(09636)高开逾4%，截至发稿，涨4.07%，报67.8港元，成交额477.99万港元。 消息面上，九方智投控股公布，认购EXIO Group Limited"EX.IO"股份，以借助其交易所资源与Web3生 态技术优势，加快公司推进海外数字资产业务布局与市场拓展。EX.IO旗下附属公司EXIO Limited持有 香港证券及期货事务监察委员会(证监会)颁发的虚拟资产交易平台营运牌照(中央编号：BUT670)，具备 稀缺性与合规保障。 公告指出，EX.IO具备区块链及Web3基础设施的技术与服务能力，公司则拥有面向个人投资者的智能投 顾产品开发经验。双方将共同探索数字资产交易、资产管理与智能投顾服务的深度融合，推动"AI+研 究"战略在数字资产场景中的创新应用，助力研发数字资产投顾系统与算法，进一步提升公司在数字金 融领域的竞争优势与服务能力。 ...

Group 1 - Jiufang Zhitu Holdings (09636) opened over 4% higher, currently up 4.07% at HKD 67.8, with a trading volume of HKD 4.7799 million [1] - The company announced the subscription of shares in EXIO Group Limited "EX.IO" to leverage its exchange resources and Web3 ecosystem technology advantages, accelerating the overseas digital asset business layout and market expansion [1] - EX.IO's subsidiary, EXIO Limited, holds a virtual asset trading platform operating license issued by the Hong Kong Securities and Futures Commission (SFC), providing a rare and compliant assurance [1] Group 2 - EX.IO possesses technical and service capabilities in blockchain and Web3 infrastructure, while the company has experience in developing smart advisory products for individual investors [1] - Both parties will explore the deep integration of digital asset trading, asset management, and smart advisory services, promoting the innovative application of the "AI + research" strategy in digital asset scenarios [1] - The collaboration aims to assist in the development of digital asset advisory systems and algorithms, further enhancing the company's competitive advantage and service capabilities in the digital finance sector [1]

公告显示，此前披露称公司对数字资产业务的潜力和广阔前景具有深刻洞察，将推进数字资产业务的海 外战略发展。配售所得款项可战略投资于数字资产交易所，培育发展链上金融生态，以布局数字资产业 务，构建公司海外战略的核心组成部分。董事会认为，该认购事项符合公司整体战略规划及配售资金用 途安排。通过投资EX.IO，公司可借助其交易所资源与Web3生态技术优势，加快推进海外数字资产业务 布局与市场拓展，进一步增强链上金融服务能力，助力公司业务多元化及可持续发展，为全球化市场布 局奠定坚实基础。 格隆汇9月23日丨九方智投控股(09636.HK)宣布，于2025年9月23日，公司全资子公司JF SmartTrade与目 标公司EX.IO订立股份认购协议，据此，JF SmartTrade同意认购EX.IO股份。 据悉，EX.IO为一家于2023年在开曼群岛注册成立的公司，主要营业地点位于香港，其附属公司EXIO Limited为一家香港持牌虚拟资产交易平台，已于2024年12月获证监会颁发虚拟资产交易平台营运牌 照，主要业务为虚拟资产交易所和虚拟资产托管。 ...

Group 1 - The company, JF SmartTrade, has entered into a share subscription agreement with EXIO Group Limited to acquire shares, aiming to enhance its digital asset business and overseas strategic development [1] - The investment in EX.IO is aligned with the company's overall strategic planning and funding purposes, focusing on building a core component of its overseas digital asset business [1] - The partnership with EX.IO is expected to leverage its exchange resources and Web3 technology advantages, accelerating the company's overseas digital asset market expansion and enhancing on-chain financial service capabilities [1] Group 2 - The global digital asset industry is accelerating its globalization process, with Hong Kong serving as an international financial center that offers a high-standard compliance regulatory framework for digital assets [2] - EXIO Limited, a subsidiary of EX.IO, holds a virtual asset trading platform operating license issued by the Hong Kong Securities and Futures Commission, providing a rare compliance guarantee [2] - The investment in a licensed digital asset exchange is anticipated to enhance the company's service capabilities in digital asset trading, asset management, and custody, facilitating compliant operations and a service closed loop [2] Group 3 - EX.IO possesses technical and service capabilities in blockchain and Web3 infrastructure, while the company has experience in developing smart investment advisory products for individual investors [3] - The collaboration aims to explore the deep integration of digital asset trading, asset management, and smart investment advisory services, promoting the innovative application of the "AI + research" strategy in digital asset scenarios [3] - The partnership is expected to assist in the development of digital asset advisory systems and algorithms, further enhancing the company's competitive advantage and service capabilities in the digital finance sector [3]

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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 JF SmartInvest Holdings Ltd 九方智投控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9636） 自願性公告 認購EXIO Group Limited股份 本公告乃由九方智投控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」） 自願作出。本公告旨在知會本公司股東（「股東」）及潛在投資者有關本集團之股份 認購事項。 認購事項 本公司董事（「董事」）會（「董事會」）欣然宣布，於2025年9月23日，本公司全資 子公司JF SmartTrade (BVI) Limited（「JF SmartTrade」）與EXIO Group Limited （「EX.IO」或「目標公司」）訂立股份認購協議（「股份認購協議」），據此，JF SmartTrade同意認購EX.IO股份（「認購事項」）。 (2) 發揮業務協同效應，打造數字資產生態 雙方將共同把握香港數字資產市場的政策機 ...

Core Viewpoint - Bakkt Holdings has appointed fintech veteran Mike Alfred to its board to enhance governance and accelerate its initiatives in next-generation financial infrastructure, focusing on digital asset trading and related services [1][2]. Group 1: Company Developments - Mike Alfred's appointment is aimed at supporting Bakkt CEO Akshay Naheta in executing the company's growth roadmap, leveraging Alfred's reputation in the digital asset ecosystem to deliver long-term shareholder value [2]. - Bakkt, founded in 2018 and headquartered in New York, offers institutional-grade trading and on-ramp solutions for digital assets, expanding its product suite across futures, custody, and payments [3]. Group 2: Market Reaction - Following the announcement of Mike Alfred's appointment, BKKT shares experienced a 40% increase during pre-market hours [4].

（来源：吴说） 来源：市场资讯 吴说获悉，据 CoinShares，上周数字资产投资产品录得 19 亿美元资金流入，系美联储"鹰派降息"后的 积极市场反应。其中，比特币与以太坊分别吸引 9.77 亿美元和 7.72 亿美元资金。受此推动，数字资产 管理总规模（AuM）升至年内新高 404 亿美元，正逼近去年全年 486 亿美元的纪录水平。 ...