本轮申请延续了香港金融监管"高标准、严合规"的一贯特征。监管不仅要求申请人具备雄厚资本和完善的风险管理体系，更强调要有清晰的应用场景和可落 地的业务路径。可以说，监管机构正借此构建兼顾安全与创新的制度范式，为香港在全球稳定币格局中确立地位夯实基础。 过去十多年，加密货币市场剧烈波动，始终困扰行业的健康发展。比特币等主流代币因高波动性，难以在支付、交易和投资场景中大规模应用。为应对原生 加密资产的高波动性，稳定币应运而生。 稳定币是以区块链技术为底层架构，锚定法币实现价格稳定的数字资产。以2014年香港注册的泰达系公司（Tether）推出的USDT为例，其核心机制是与资 产储备"1比1挂钩"，从而确保在加密市场中的交易媒介功能。与比特币相比，稳定币更适合日常交易、跨境结算等金融场景。 稳定币"以数字资产承载法币信用"的设计，使其迅速普及，并为全球加密市场带来新变化。它不仅成为加密交易的基础工具，还在支付、去中心化金融 （DeFi）以及现实世界资产通证化（RWA）投资等场景中展现出巨大潜力。 谢祖墀 孙志鹏 吴克晔／文 自2025年5月21日《香港稳定币条例》通过后，市场发展进入快速落地期。随着2025年9月30 ...

Group 1 - The financial industry in China is experiencing significant growth and achievements, reflecting a robust development trajectory over the decades [1] - The upcoming 2025 Insurance and Trust Industry High-Quality Development Conference will focus on the theme "Long Money, Long Investment, Long Green," emphasizing the importance of these sectors in supporting the real economy and enhancing social welfare [2][4] - The Chinese government is implementing structural reforms in the financial supply side, introducing policies to improve service quality, risk management, and innovation within financial institutions [2] Group 2 - The insurance and trust industries are presented with new development opportunities and challenges, necessitating a strategic alignment with policy directions and an enhancement of core competitiveness [2] - Financial technology is highlighted as a key enabler for innovation in service models, aimed at meeting diverse customer needs [2] - Strengthening risk management is identified as a critical issue for ensuring financial security within the industry [2] Group 3 - The Golden Bull Awards, organized by China Securities Journal, are recognized as one of the most credible and influential awards in China's capital market, promoting healthy development in the asset management industry [3]

中经记者 李晖 北京报道 创新对台金融服务是中国（福建）自由贸易试验区（以下简称"福建自贸区"）金融改革的重要领域。 2025年正值福建自贸区挂牌成立十周年，通过数字技术创新对台金融服务也正在加速。 《中国经营报》记者了解到，近期，福建自贸区福州片区（以下简称"福州自贸片区"）针对在当地台湾 青年推出"台青创业贷"，首期产品已完成三家台企的评估与授信准备，单家最高授信额为50万元。 "台青创业贷"是福州自贸片区支持台青创业发展"实自贸"九大举措的关键落地项目，旨在通过金融科技 赋能，优化台青台企在榕创业就业营商环境，为台青台企在闽发展注入发展新动能。 据透露，推出"台青创业贷"之外，奇富科技已同步启动"创业赋能双轨计划"：一方面在企业内部设 立"台青实训基地"，聚焦AI风控、数字金融领域提供从理论到实战的技术培训；另一方面推动建立"闽 台金融科技创新联盟"，联合在闽台资银行、台商协会搭建合作平台，助力台青创业者链接产业链资 源，加速创新成果转化。 （编辑：李晖 审核：何莎莎 校对：颜京宁） 奇富科技首席风险官郑彦透露，通过调研走访发现台青创业融资的个性化需求和特点后，依托自主研发 的"小微企业信用评估智能体" ...

Core Viewpoint - Guizhou Bank has demonstrated steady growth in its mid-year performance for 2025, with total assets exceeding 600 billion yuan and a focus on serving the real economy through various financial initiatives [1][2][3][4][5][6] Financial Performance - As of June 30, 2025, Guizhou Bank's total assets reached 603.75 billion yuan, a 2.33% increase from the beginning of the year [1] - The bank reported operating income of 6.102 billion yuan and a net profit of 2.129 billion yuan, reflecting year-on-year growth of 2.26% and 0.31% respectively [1] - The net interest margin improved by 0.22 percentage points to 1.90%, indicating strong operational resilience [1] Service to the Real Economy - Guizhou Bank has actively engaged in five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, achieving significant results [2][3][4] - In technology finance, the bank's loan balance reached 9.812 billion yuan, with a year-on-year increase of 21.57% [2] - The green finance loan balance was 61.293 billion yuan, growing by 4.4% from the start of the year [2] - Inclusive finance efforts supported 58,500 clients, with a loan balance of 54.067 billion yuan [3] - Pension finance loans increased by 57.22% to 1.621 billion yuan [3] - Digital finance loans reached 4.005 billion yuan, marking a 28.57% increase [3] Digital Transformation - Guizhou Bank has prioritized digital transformation as a key driver for high-quality development, integrating it with the five key areas of focus [4][5][6] - The bank has made significant advancements in data governance and standardization, enhancing its data-driven decision-making capabilities [4] - The implementation of an intelligent risk control system has improved risk management, with a non-performing loan ratio of 1.69%, down 0.03 percentage points from the beginning of the year [5] - The bank has deployed artificial intelligence technologies to enhance operational efficiency, with over 4,300 users served by its intelligent Q&A system [6] Future Outlook - Guizhou Bank aims to continue its digital transformation, enhancing its service model, operational capabilities, and risk management to support the high-quality development of the local economy [6]

● 本报记者 赵中昊 中国证券报记者日前从业内获悉，中国证券业协会已于近日向各券商一对一通报了2025年度证券公司做 好金融"五篇大文章"专项评价结果及各券商加分分值，并将核心定量指标排名情况在业内进行了公示。 其中，中信证券在七项定量评价中位居榜首。评价结果将直接纳入券商2025年分类评价体系。 多项定量指标排名清晰 头部券商优势明显 记者在采访中了解到，为提高评价工作质效，中证协前期在起草《证券公司做好金融"五篇大文章"专项 评价办法（试行）》时同步启动了试评价工作，组织完成了107家参评券商评价数据的填报与复核，并 已通过数据报送系统向各券商一对一反馈确认了评价数据。 主承销绿色债券和低碳转型债券金额排名前五位的券商依次为中信证券、中信建投、国泰海通、中金公 司、招商证券，主承销金额分别为165.44亿元、122.92亿元、111.40亿元、88.43亿元、54.10亿元。 此外，主承销民营企业债券金额前五位的券商依次为招商证券、广发证券、平安证券、中金公司、华泰 证券，主承销金额分别为381.50亿元、318.86亿元、185.60亿元、130.07亿元、125.73亿元。 上一年度代销个人养老金产品 ...

Core Viewpoint - The establishment of the Digital Renminbi International Operation Center in Shanghai marks a significant step towards the internationalization of the digital renminbi, facilitating cross-border payment and blockchain services, and enhancing the global influence of the renminbi [5][6][10]. Group 1: Digital Renminbi Platforms - The Digital Renminbi International Operation Center has developed three main platforms: a cross-border digital payment platform, a blockchain service platform, and a digital asset platform, aimed at addressing traditional cross-border payment challenges and enhancing transaction efficiency [7][8]. - The blockchain service platform and digital asset platform are built on the same blockchain infrastructure, allowing for integrated operations and improved regulatory compliance [4][8]. Group 2: Internationalization of Renminbi - The operation of the Digital Renminbi International Operation Center signifies a shift from domestic trials to international applications, enhancing the renminbi's role in global trade and investment [6][10]. - The center aims to create new opportunities for the renminbi in international transactions, particularly in countries involved in the Belt and Road Initiative, thereby increasing China's influence in the global monetary system [6][10]. Group 3: Shanghai as a Financial Hub - Shanghai was chosen for the Digital Renminbi International Operation Center due to its comprehensive financial market, high degree of openness, and established financial technology ecosystem, positioning it as a key node in the global financial network [9][10]. - The center's operation is expected to significantly enhance Shanghai's international financial status, potentially generating over 100 billion yuan in added value to the digital finance industry by 2030 [10].

Core Viewpoint - The establishment of the Digital Renminbi International Operation Center in Shanghai marks a significant step towards the internationalization of the digital renminbi, enhancing Shanghai's role as an international financial center [1][4]. Group 1: Launch of Three Major Business Platforms - The Digital Renminbi International Operation Center, managed by the People's Bank of China, aims to build and operate cross-border and blockchain infrastructure for the digital renminbi [2]. - The three platforms launched include: - Cross-border digital payment platform, which addresses pain points in traditional cross-border payments [2]. - Blockchain service platform, which supports standardized blockchain transactions and on-chain digital renminbi payments [2]. - Digital asset platform, which facilitates the issuance, registration, custody, and compliant trading of digital assets [2]. - These platforms are designed to improve payment efficiency, ensure transaction traceability and security, and lay the groundwork for future digital financial asset trading [2]. Group 2: New Path for Renminbi Internationalization - The Digital Renminbi International Operation Center opens new pathways for the internationalization of the renminbi, leveraging technological advantages to overcome existing barriers [3]. - It proposes a new model of "payment first—investment follows—reserve development" to enhance the renminbi's acceptance in international markets [3]. - The establishment of a separate cross-border financial infrastructure for the digital renminbi reduces reliance on traditional international payment systems, thereby increasing China's influence and financial security in the global financial system [3]. Group 3: Empowering Shanghai's International Financial Center - The operation of the Digital Renminbi International Operation Center aligns with the core functions of Shanghai's international financial center, enhancing its financial infrastructure and market stability [4]. - The center's presence is expected to strengthen Shanghai's position in global financial infrastructure and attract related industry enterprises, fostering an ecosystem [5]. - By leading in digital currency applications, Shanghai can transition from being a "rule taker" to a "rule maker" in the evolving landscape of international financial regulations [5].

本次交易前，湘财股份主营业务以证券服务业为主。湘财股份全资子公司湘财证券是首批全国性综合类 证券公司，其中经纪、信用交易、财富管理、投资银行、资产管理等业务板块形成了较为成熟的经营思 路和盈利模式，并构建了包括证券、基金管理、另类投资等在内的综合性证券金融服务体系。大智慧在 金融科技行业深耕二十余年，已成为中国领先的金融信息服务商之一，可以为各层次的个人及机构客 户，提供全面、准确、及时的金融信息服务。 北京博星证券投资顾问有限公司研究所所长邢星对《证券日报》记者表示："此次湘财股份与大智慧的 换股合并，是资本市场'流量+牌照'模式的一次深度实践。湘财股份与大智慧的整合更强调'技术基 因'与'牌照资源'的直接耦合。大智慧超亿级注册用户及成熟的AI技术积累，与湘财证券全业务牌照形 成互补，既规避了头部券商'重资产+广网点'的同质化竞争，又通过'先投顾、后交易、再信用'的递进式 打法，精准切入财富管理细分市场，为中小券商数字化转型提供了新范式，或将成为行业资源整合的新 标杆。" 交易完成后，湘财股份总股本将由约28.59亿股增至51.41亿股。股权结构方面，本次换股实施后，湘财 股份实控人黄伟直接及间接控制的11 ...

一是推进普惠金融服务的广度、深度来深化普惠金融功能。屠光绍表示，"义乌"案例说明，普惠金融涉及面广，需要进一步在具体领域、具体群 体、具体地域、具体金融业务方面，不断推动精细化、具体化，精耕细作，实现"广覆盖"与"精准度"的结合。 二是要促进供给与需求两侧协调匹配来深化普惠金融功能。他指出，根据义乌的实际情况，从普惠金融服务供给侧看，还需要进一步丰富外汇风险 管理的产品工具，比如外汇期货。金融服务供给既要关注普而不惠又要重视普而不适的问题，同时还需要促进普惠金融业务的商业可持续。但当前 普惠金融亦需聚焦需求侧，解决小微企业对金融产品、工具"看不懂、用不起、不敢用"的痛点，比如义乌的许多个体及小微商户对外汇风险管理工 具不了解也用不起。针对需求侧的小微企业群体，提升其金融素养和能力是基础但也是个"慢活"，还需要在小微企业运用金融服务的组织方式、平 台搭建、系统处理等方面进行创新。 三是要加快在普惠金融与数字、绿色金融融合中来深化普惠金融功能。从义乌外贸小商户的经营实践看，他们也需要并已经在运用数字技术进行市 场营销、产品设计和客户管理，此外随着全球绿色低碳发展的进程，境外市场也更加重视进口商品的绿色含量并实施相 ...

2025年是"十四五"规划收官之年，是进一步全面深化改革的重要一年，也是新疆维吾尔自治区成立70周 年。作为新疆重要的金融机构，兴业银行乌鲁木齐分行践行金融工作的政治性、人民性，主动服务国家 发展大局，牢固树立以人民为中心的价值取向，将做好金融"五篇大文章"与服务新疆经济社会高质量发 展紧密结合，推动金融产品和服务模式不断创新，以实际行动诠释责任担当。 点燃创新引擎 托举"新疆智造" 发展新质生产力是推动高质量发展的内在要求和重要着力点。兴业银行乌鲁木齐分行深刻认识金融支持 新质生产力发展的深远意义，深入贯彻落实支持科技金融发展各项政策要求，积极推动体制机制、产品 服务、内控风控创新，完善匹配科技型企业全生命周期的产品服务体系，推动区域新质生产力发展。截 至7月末，科技金融贷款余额171.99亿元，较年初增加5.41亿元。 润泽小微细流 浇灌"共富之花" 兴业银行乌鲁木齐分行坚守"金融为民"初心，深入贯彻落实支持小微企业融资协调工作机制相关部署及 要求。截至7月末，普惠金融贷款余额达39.27亿元，较年初增加2.21亿元。 深化政银企合作，用好政府搭建的"新疆融资信用服务平台"，建立常态化信息交互渠道，推动金 ...