Core Viewpoint - Huajian Medical (01931) has seen a significant stock price increase of over 16% following the announcement of a successful multi-billion yuan revolving loan obtained by its subsidiary, Weishida, from a banking syndicate led by East Asia Bank's Shanghai branch [1] Group 1: Financial Developments - The revolving loan involves participation from seven financial institutions, including Mitsui Sumitomo, Shengjing Bank, and Busan Bank of Korea [1] - The stock price rose by 16.31%, reaching HKD 4.35, with a trading volume of HKD 15.16 million [1] Group 2: Strategic Initiatives - On July 17, the company announced the establishment of the "IVDNewCo Exchange," a Web3 ecosystem focused on high-tech medical innovation assets, along with the issuance of a proprietary stablecoin, IVD Dollar (IVDD) [1] - On July 20, Huajian Medical registered a wholly-owned subsidiary, IVD GROUP INC., in New York, and initiated the application for stablecoin licenses with the SEC and CFTC [1] Group 3: Market Positioning - The "IVDNewCo Exchange" aims to address significant pain points in the pharmaceutical industry, where new drug development typically takes 10 years and 80% of funding is spent in clinical stages, while ordinary investors are often excluded [1] - The company’s strategy involves converting high-value medical assets, such as phase II clinical ADC drugs and gene therapy patents, into tradable digital certificates through RWA technology [1] - Huajian Medical aims to become the "Nasdaq + Uniswap" of the medical RWA sector, ensuring compliance while achieving decentralized liquidity, leveraging its first-mover advantage in a niche market [1]

智通财经APP获悉，华检医疗(01931)尾盘涨超16%，截至发稿，涨16.31%，报4.35港元，成交额1516.12 万港元。 消息面上，7月29日，华检医疗发布公告称，子公司威士达成功获得一笔数亿元循环贷款。该银团贷款 由东亚银行上海分行牵头，三井住友、盛京银行、韩国釜山银行等7家金融机构组成的银团共同参与。 值得注意的是，7月17日，公司宣布构建全球首个聚焦医疗创新药高科技资产的"NewCo+RWA"Web3交 易所生态，命名为"IVDNewCo Exchange"，并配套发行专有稳定币IVD Dollar（IVDD）；7月20日，华 检医疗在美国纽约注册成立全资子公司IVD GROUP INC.，同步启动向SEC、CFTC提交稳定币牌照申请 智通财经APP在《稳定币条例生效前夜 华检医疗(01931)收获三张实际"信任票"》中指出，公司构建名 为"IVDNewCo Exchange"的Web3交易所生态，直击医药行业痛点：一款新药研发需10年，80%资金砸 在临床阶段，普通投资者却被拒之门外。华检医疗的解决方案是将高价值医疗资产——如Ⅱ期临床的 ADC药物、基因疗法专利——通过RWA技术转化为可分割 ...

7月29日，华检医疗(01931)发布公告——子公司威士达成功获得一笔数亿元循环贷款。这笔由东亚银行上海分行牵头，三井住友、盛京银行、韩国釜山银行 等7家金融机构组成的银团共同参与的贷款，在当下信贷紧缩的环境下显得格外珍贵。贷款获批不仅是对子公司经营能力的认可，更是国际资本对华检医疗 未来战略的押注。 一、监管破冰：全球稳定币合规竞赛鸣枪起跑 8月1日，香港《稳定币条例》即将生效。这标志着全球三大金融中心全部完成稳定币立法布局：欧盟MiCA法案去年底生效，美国《天才法案》7月18日由 特朗普签署。监管铁幕落下，野蛮生长时代终结，合规竞赛正式鸣枪。 香港金管局对此态度鲜明。助理总裁何汉杰直言："先严、走稳，再适度放松。"监管层对牌照发放极为谨慎，首批仅计划发放"极少数"牌照。数十家跃跃欲 试的机构中，仅渣打、京东旗下JD Coinlink等沙盒参与者或获优先审核——但"优先权不保证获批"。 华检医疗7月30日公告 时间点耐人寻味。就在两天后的8月1日，香港《稳定币条例》将正式生效。而在过去半个月，华检医疗股价经历了一场过山车：7月14日至21日累计暴涨 75%，创下4.66港元历史新高;7月23日—28日，公司 ...

Regulatory Framework - The Hong Kong Monetary Authority (HKMA) has released regulatory documents for stablecoin issuance, detailing applicant qualifications, application processes, reserve asset requirements, anti-money laundering measures, and a transition period for existing issuers[2][7]. - The regulatory documents supplement the "Stablecoin Ordinance" effective from August 1, 2025, aiming to refine the licensing process and subsequent supervision of stablecoin issuers[7]. Application Requirements - Applicants must be registered corporations in Hong Kong with a minimum paid-up capital of HKD 25 million (approximately USD 3.2 million) or equivalent in freely convertible currency[7][8]. - The application process includes consultations with the HKMA and relevant regulatory bodies, submission of applications, and processing of applications[7]. Reserve Asset Guidelines - Licensed issuers must ensure that reserve assets fully back the stablecoins, which can include cash, bank deposits with a maturity of no more than 3 months, and high-liquidity bonds with a maturity of no more than 1 year[4][7]. - If using currencies other than the reference currency for stablecoins, prior written approval from the HKMA is required[4]. Anti-Money Laundering Measures - Issuers are required to continuously monitor transactions involving customer wallets, including both custodial and non-custodial wallets, to prevent money laundering and terrorist financing risks[4][7]. Transition Period for Existing Issuers - Existing issuers wishing to apply for a license must do so by October 31, 2025, at the latest[4][7]. Market Implications - The issuance of stablecoin licenses is expected to benefit companies with relevant applications, particularly in cross-border payments[8]. - The HKMA anticipates that only a limited number of licenses will be granted initially, prioritizing companies with applicable use cases[8]. Investment Recommendations - Companies with a strong presence in payment solutions, such as LianLian Digital, Lakala, and Yika, are recommended for investment due to their potential benefits from stablecoin licensing[8][9]. - The report highlights the importance of companies accelerating their engagement in real-world asset (RWA) scenarios, such as Linklogis and Jiufang Zhitu Holdings[8]. Risks - Potential risks include slower-than-expected regulatory progress and increased competition within the stablecoin industry[8].

（央链直播报道）2025 年 7 月 30 日时，全球 RWA 数据产业大会在香港数码港会议大厅启幕。参会嘉宾陆续签到入场，为这场聚焦 RWA 数据产业生态的 行业盛会预热。 中国移动通信联合会创始人兼执行会长、中国移动通信联合会人工智能与元宇宙产业委共同主席、中国移动通信联合会数智文教分会共同会长、全球元宇宙 大会发起人兼主席、香港RWA全球产业联盟名誉主席 倪健中 霍英东基金永远董事、RWA研究院名誉主席 霍振宇 香港专业及资深行政人员协会创会会长、全国政协经济委员会副主任 容永祺 香港原立法会议员、联交所 副主席、黄金交易所永远名誉会长、香港 东盟经济 合作基金会 副会长 冯志坚 香港城市大学 副监督、十三届 全国政协委员、原特区政府 行政会议 成员、摩根怡富 中国主席 钟瑞明 长远控股 董事局主席、MINAX创始人、执行主席 刘小鹰 MINAX交易所CEO 邓迪 富通资本 投资管理 有限公司 董事长、全国人大代表、港岛 各界联合会 会长 蔡毅 中国计算机学会 区块链专委会 荣誉主任、科技部"十四五" 区块链 重点专项专家组 组长 斯雪明 中国通信工业协会区块链专业委员会、中国移动通信联合会人工智能与元 ...

与此同时，加拿大、欧元区等主要经济体已先行一步。欧洲央行在7月降息25个基点，加拿大央行表示将"进入观察期"，日元汇率持续走强亦被视作日本可 能调整负利率政策的前奏。这种政策转向或将推动全球资金从"现金为王"重新向"风险再配置"过渡。 而Crypto市场，历来就是对预期变化最敏感的风险资产之一。以比特币为例，其历史上三轮主要上涨周期均发生在货币政策由紧转松的区间（2013、2017、 2020年）。流动性回暖背景下，市场的"投机空间"与"估值弹性"将快速打开。 刚刚过去的FOMC会议上，美联储维持利率在5.25%-5.5%不变，同时下调年内加息预期。尽管并未明确表态降息路径，但市场已经开始押注政策拐点将至。 与之对应，全球风险资产同步回暖：美股再创新高，黄金反弹，比特币短线升破69,000美元，以太坊重回3800上方。多项链上数据显示，加密市场正在悄然 蓄力。 以太坊 从鲍威尔的讲话来看，尽管核心通胀仍高于2%的目标区间，但"通胀路径向好"已经成为美联储当前研判的主旋律。6月CPI数据同比上涨3%，创下2021年以 来最低水平，PPI与核心通胀也出现同步放缓。高盛、高纬环球等机构预测，美联储可能在2024年末 ...

格隆汇7月30日｜30日午后，稳定币概念股继续回调，金融科技震荡下跌超2.8%。其中，东信和平重挫 9%逼近跌停，恒宝股份（维权）、四方精创、天阳科技均跌超6%。热门ETF方面，规模、流动性同类 断层第一的金融科技ETF（159851）表现低迷，场内价格跌超3%，日内成交额已超7亿元，资金反向涌 入，显示实时净申购超2.3亿份。 中信证券解读称，金管局就8月1日起实施的稳定币发行人监管制度发布一系列文件，核心是《持牌稳定 币发行人监管指引》，当前申请阶段最具有指引意义的是《稳定币发行人发牌制度摘要说明》。时间线 上看，金管局鼓励意向申请人于8月31日前联系监管，成熟申请人申请时限为9月30日，首批牌照张数仅 个位数，预计有望于年底前落地。建议继续关注可能获取首批稀缺牌照的发行人，及确定性参与稳定币 使用场景创设的场景平台两条主线。 招商证券指出，大盘与题材共振，看好金融科技方向。首先，稳定币&RWA作为金融科技明确的发展方 向之一，目前处于海内外同步推进产业渗透的阶段。临近业绩期，市场对上市公司Q2业绩关注度提 升，互金板块兼具牛市下业绩释放潜力以及稳定币/RWA题材属性，金融科技配置价值显现。 综合市场分析 ...

7月29日，港交所披露易显示，BlackRock,Inc.（即贝莱德）于7月22日买入了中金公司港股126.24万股，耗 资2552.45万港元，折合人民币约2333.71万元。截至7月29日，贝莱德对中金公司的好仓持股比例超过5%。 披露易信息还显示，贝莱德早在6月份就买入了中金公司港股，并在此后进行了多番买入卖出操作。Wind显 示，截至7月29日，中金公司港股最近一月累计涨幅为22%。 近期频繁交易中金公司和中国银河 分析师称券商板块此轮上涨持续性或更强 中金公司和中国银河证券同为中央汇金旗下，两家公司日前均发布了业绩预增公告。其中，中金公司预计上半 年实现归母净利润为34.53亿元到39.66亿元，同比增加55%到78%。中金公司称，上半年公司投资银行、股票 业务、财富管理等业务板块收入同比增加，公司业绩同比增长。 7月29日披露易的信息显示，贝莱德于7月22日买入了中金公司港股126.24万股，平均价格为20.2190港元/股。 这番买入后，贝莱德对中金公司的好仓持股为9539.97万股，持股比例为5.01%；淡仓持股为759.96万股，持股 比例为0.40%。 在港股市场，由于金融机构在市场中同时 ...

Company Insights - Novo Nordisk has lowered its full-year earnings guidance, with operating profit growth expectations revised from 16%-24% to 10%-16% due to lower-than-expected penetration of its weight loss drug Wegovy in cash payment channels, impacted by "unsafe and illegal large-scale counterfeit drugs" [2] - The stock price of Novo Nordisk fell by 21.81% following the announcement, leading to a decline in several U.S. pharmaceutical stocks [2] - Lakala's major shareholder, Legend Holdings, has reduced its stake by 5.3596 million shares, bringing its ownership down to 25.86% [14] Industry Insights - The China Photovoltaic Industry Association has issued a clarification regarding rumors about the multi-crystalline silicon sector, stating that the circulated information is significantly inaccurate [4] - The rumors were related to the "big collecting small" storage initiative, which involves multiple companies including Xinyi, Nanfang, Baofeng, Runyang, and Hosheng Silicon Industry [4] - The express delivery industry is expected to undergo a value reassessment as the State Post Bureau addresses "involution-style" competition, with potential price increases in response to regulatory calls [10]

Group 1 - US stock market closed lower, with Dow down 0.46%, Nasdaq down 0.38%, and S&P 500 down 0.3%. Notable declines included Meta Platforms down 2.46%, Tesla down 1.35%, Apple down 1.3%, and Amazon down 0.76%. Microsoft saw a slight increase of 0.01%, while Google A rose by 1.65% [1] - Trump issued a 10-day ultimatum for a Russia-Ukraine agreement, threatening to impose tariffs on Russia if not met, and stated he is not concerned about oil prices [2] - Nvidia has placed a new order for 300,000 H20 chips from TSMC, moving beyond just selling inventory [3] - AI startup Anthropic is set to raise up to $5 billion at a valuation of $170 billion, led by Iconiq [4] - OpenAI released a study on ChatGPT, highlighting its potential to revolutionize traditional education [5] - Microsoft is in deep negotiations for long-term access to OpenAI technology, with a potential agreement expected in the coming weeks [6] - The EU plans to purchase AI chips worth €40 billion as part of a trade agreement with the US [7] Group 2 - AstraZeneca reported strong sales of cancer drugs, with Q2 revenue increasing by 12% year-on-year, exceeding expectations [8] - Novo Nordisk's stock plummeted by 21% after appointing a new CEO and lowering its annual guidance, citing underwhelming sales of the weight-loss drug Wegovy [9] - Major events in China include US-China trade talks in Stockholm, with a 90-day extension on previously suspended tariffs [10] - The IMF raised China's economic growth forecast for this year by 0.8 percentage points, indicating resilience in the global economy but cautioning about fragile prospects [12] - The Hong Kong Monetary Authority is inviting applications for stablecoin licenses until September 30 [13] - The Chinese government allocated 350 million yuan for disaster relief efforts in nine provinces [14] Group 3 - The Hong Kong Stablecoin Regulation, effective August 1, aims to establish a comprehensive regulatory framework for fiat-backed stablecoins, with a focus on enhancing cross-border payment systems [17] - The AI industry is seeing a push for standardized performance metrics for large AI models, with a workshop planned to discuss the framework [18] - Nvidia's new order for H20 chips is driven by strong demand in China, leading to accelerated capital expenditures from major internet companies like ByteDance, Tencent, and Alibaba [19][21] - ByteDance plans to invest significantly in AI infrastructure, with a projected capital expenditure of 160 billion yuan by 2025, focusing on AI computing power and data center construction [22]