非银行业深度研究 新旧金融的桥梁：稳定币如何重塑非银金融生态？ 2025 年 06 月 09 日 ➢ 什么是稳定币？稳定币是加密货币的一种特殊类型，其设计的核心目的是维 持加密货币价格的稳定，通常通过将其价值锚定到一种或者一篮子相对稳定的底 层资产来实现，主要锚定资产包括法定货币、其他加密货币、大宗商品以及算法 等。稳定币是加密资产货币生态系统中至关重要的基础设施，是提供价值稳定的 交易媒介，充当法币和加密货币之间交易的核心中介。 ➢ 稳定币的核心机制和分类。稳定币通过与某种类型的稳定资产（如美元、欧 元等法定货币、黄金等实物资产、一揽子资产或者算法等）挂钩，比如 1:1 锚定 美元，来降低相关加密货币的价格波动。从主要的锚定标的类型来看，主要可以 分为 4 类：1）法币抵押型；2）商品抵押型；3）加密货币抵押型；4）算法型。 ➢ 稳定币的核心价值：为何需要稳定币？稳定币在充当支付工具、价值存储、 便利交易等方面应用广泛。稳定币既充当计价单位，为加密世界提供了一个波动 性较低的"价值标尺"，让参与者能够清晰地衡量、比较和结算各种资产和交易的 价值，也充当加密生态中的"现金"等价物，满足相关避险需求，同时还能降 ...

Group 1 - The meeting was chaired by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, focusing on the development of Dubai's economic and financial sectors [1][2] - The committee is responsible for approving high-level economic and financial policies, reviewing industry laws and regulations, and enhancing transparency and governance [1] - A comprehensive long-term agenda for the development of Dubai's financial sector was reviewed, emphasizing key pillars such as attracting global capital and enhancing Dubai's position as a leading asset and wealth management center [2] Group 2 - The agenda includes support for startups and scaling businesses, with a focus on attracting unicorn companies [2] - There is a commitment to developing a competitive and innovative banking and investment environment, alongside promoting digital transformation in the financial sector through virtual assets and fintech [2] - The committee will also work on updating relevant laws and regulations to improve transparency and governance in the economic and financial services sectors [2]

中欧金融管理部门就优化市场准入、促进业务创新等具体诉求进行了充分沟通 金十数据5月14日讯，2025年5月13日至14日，中欧金融工作组第二次会议在比利时布鲁塞尔举行。中欧 金融管理部门认真听取了与会金融机构就金融数字化转型、金融科技创新等前沿领域提出的专业建议， 并就优化市场准入、促进业务创新等具体诉求进行了充分沟通。与会各方一致同意建立常态化交流机 制，共同推动中欧金融合作向更宽领域、更深层次发展。 ...

Group 1 - The second meeting of the China-Europe Financial Working Group was held in Brussels, Belgium, on May 13-14, focusing on global economic uncertainties and macroeconomic conditions [1] - Discussions included financial stability, banking and insurance regulation, and the development of pension funds and leasing companies [1] - Constructive discussions were held on emerging areas such as sustainable finance, cross-border data flow, and the construction of cross-border payment systems [1] Group 2 - A roundtable meeting for China-Europe financial institutions took place concurrently, where financial institutions provided professional advice on digital transformation and fintech innovation [1] - There was extensive communication regarding specific requests to optimize market access and promote business innovation [1] - All parties agreed to establish a regular communication mechanism to jointly promote deeper and broader financial cooperation between China and Europe [1]

Core Insights - The central viewpoint emphasizes the importance of enhancing service consumption to drive economic growth, particularly focusing on the income of the middle and low-income groups [1] Group 1: Service Consumption Development - Service consumption is defined as non-goods consumption that meets individual needs, encompassing various sectors such as dining, transportation, entertainment, education, and healthcare [1] - The development of service consumption is seen as a new growth point for the economy, improving employment and income distribution [1] Group 2: Targeting Specific Consumer Groups - Consumption finance companies are focusing on new urban residents, who represent a significant consumer base with evolving demands in housing, education, and healthcare [2] - By innovating service models and customizing financial products, these companies aim to meet the specific consumption needs of new urban residents [2][3] Group 3: Product Innovation and Service Upgrades - Companies like Xingye Consumer Finance are developing tailored financial products for high-frequency consumption scenarios, such as education and healthcare, to facilitate easier access to financial support [2][3] - Collaborative marketing and interest subsidies with merchants are strategies employed to lower consumption barriers for new urban residents [3] Group 4: Policy and Financial Technology - The National Financial Regulatory Authority has mandated financial institutions to enhance their product offerings to support service consumption and new consumption patterns [4][5] - Financial technology innovation is crucial for improving the quality and efficiency of consumption finance, with a focus on digital, green, and intelligent consumption scenarios [5] Group 5: Differentiated Technological Strategies - Various consumer finance companies are implementing unique technological innovations to address the credit challenges faced by underserved consumer groups [6] - The integration of emotional design principles into AI products aims to create a more empathetic and engaging customer experience [6][7] Group 6: Recommendations for Improvement - Experts suggest that to achieve a "warm" upgrade in consumption finance, companies should leverage big data and AI to understand consumer emotional needs better [7] - Optimizing intelligent interaction systems and establishing dynamic service mechanisms are recommended to enhance the overall consumer experience [7]

在竞争激烈的全球市场中，ATFX作为金融科技创新的领军品牌，于2025年第一季度再次凭借卓越的业 绩表现，巩固了其市场领导地位。行业权威媒体Finance Magnates最新发布的2025年第一季度数据报告 显示，ATFX以MT4/MT5总交易量高达7765亿美元的亮眼成绩，成功跻身全球交易量排行榜第七位，这 一成绩进一步凸显了其在全球金融服务行业中的领先地位。 股票类：同比2024年第一季度暴涨645.60%，环比2024年第四季度增长97.59%。 产品类别 比2024Q1 比2024Q4 +34.86% +25.98% 比2024Q4 比2024Q1 +106.43% +20.43% 比2024Q1 比2024Q4 +645.60% +97.59% 【以上资料来源于Finance Magnates 2025 第一季度报告】 在2025年一季度，ATFX贵金属交易量在同比和环比上均实现两位数增长，正是这一市场趋势的有力体 现，充分反映出全球经济波动时期，投资者对于避险资产配置需求的持续上升。 尤为引人注目的是，ATFX在一季度股票类交易量呈现出爆炸式增长，同比暴增645.60%，环比增长 97.59%， ...

品牌出海升温。 粤港澳大湾区的外贸企业正在全球贸易变局中展现出强大的市场适应能力。从风靡中东市场的双陆棋，到欧美热销的珍宝盒，再到畅销全球的电池产 品，"中国制造"不断拓展着国际市场空间。 伴随着跨境电商的快速发展，企业对国际支付结算服务的需求与日俱增。面对复杂多变的市场环境，跨境支付面临哪些具体挑战？数字化技术能提供怎样的 解决方案？第一财经记者近日深入调研大湾区外贸企业和支付服务机构，试图寻找这些问题的答案。 （大湾区外贸企业的出海展品。摄影 /王方然） 跨境支付需求更多元 "关税政策变化使得跨境支付合规成本增加。"一名业内人士指出，跨境支付机构需加强对交易背景、资金来源等的审核，以确保交易符合关税政策及相关法 律法规。 支付是贸易的基础设施。近年，在我国对外贸易高速发展及复杂的贸易背景下，部分进出口企业在资金收付兑的过程中面临着汇率损失、到账慢、提现慢等 问题。多位受访人士对记者表示，跨境支付面临着合规、成本与效率的"三角平衡"挑战。 在跨境贸易的赛道上，支付就像接力赛的最后一棒，支付效率决定着整个交易流程的成败。跨境物流和商旅等时效敏感领域，支付效率直接影响企业的运营 成本和客户体验。 费率问题是跨境 ...

Group 1 - The Guangdong Rural Credit Data Center project has successfully completed its final engineering milestone with the data center building passing the joint acceptance inspection on March 26, 2024, marking the completion of a Tier 4 data center [1] - The data center, located in Foshan Nanhai Financial High-tech Zone, covers an area of approximately 220,000 square meters and consists of five above-ground structures, including a data center building, business building, comprehensive building, and power room [1] - This project aims to create a modern, standardized, and first-class data center that integrates various functions such as information processing and storage, technology research and development, call services, credit card operations, and settlement [1] Group 2 - The Guangdong Rural Credit Data Center is the first in the national rural credit system to obtain Tier 4 design certification and is the first financial industry data center in South China to pass international authoritative standards [1] - Once operational, the data center will provide comprehensive, professional, innovative, and efficient financial technology services to rural commercial banks across the province, enhancing financial service quality and data security in the Greater Bay Area [1] - The project is expected to significantly support the development of digital China by promoting financial technology innovation and improving overall service levels [1]