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，概不就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。 CHINA PROPERTIES INVESTMENT HOLDINGS LIMITED * 736 自願性公告 (1)與NANO LABS之戰略合作諒解備忘錄 及 (2)委任Web3及數字資產行業總顧問 本公告乃由中國置業投資控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願 作出，旨在向本公司股東及潛在投資者提供有關本集團業務發展之最新資料。 （一）與NANO LABS LTD.（納斯達克股票代碼：NA）之戰略合作諒解備忘錄 本公司董事（「董事」）會（「董事會」）欣然宣布，於二零二六年一月二十八日，本公司 與Nano Labs Ltd.（納斯達克股票代碼：NA，以下簡稱「Nano Labs」）就Web3及數字 資產相關領域的合作訂立了不具法律約束力的戰略合作諒解備忘錄（「備忘錄」）。 Nano Labs之資料 Nano Labs是一家國際性的Web3基礎設施及產品解決方案服務提供商，於美國 ...

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The financial services industry is facing significant regulatory changes driven by geopolitical tensions, economic pressures, and the rapid evolution of technology, particularly in areas like artificial intelligence and digital assets [6][21][22]. - Regulatory bodies are under pressure to balance economic growth with the need for robust risk management and governance frameworks, leading to a trend towards regulatory simplification rather than outright deregulation [9][19]. - The fragmentation of global regulatory standards is becoming more pronounced, with different jurisdictions adopting varying approaches to regulation, particularly in the context of digital assets and sustainability [9][22][36]. Summary by Sections Global Overview - Financial markets experienced turbulence in early 2025 but stabilized later in the year, although underlying risks remain [6]. - Regulatory agencies are tasked with simplifying rules while monitoring emerging risks that could have systemic implications [6][9]. Regulatory Evolution - The adoption of artificial intelligence in financial services is accelerating, with 71% of CEOs identifying it as a primary investment focus, up from 53% in 2024 [12]. - Regulatory frameworks for digital assets are being established, with various jurisdictions developing their own guidelines, leading to a patchwork of regulations [9][36]. AI and Innovation - AI is expected to enhance the quality and inclusiveness of financial services, but it also presents challenges such as bias, opacity, and governance gaps [14][18]. - Regulatory sandboxes are being expanded to allow for the testing of AI solutions in a controlled environment, fostering innovation while managing risks [16][17]. Regional Focus: Europe and UK - The EU and UK are focusing on simplifying existing regulations rather than deregulating, with an emphasis on maintaining financial and operational resilience [22][23]. - The UK and EU are also addressing retail investment development, with the EU formulating a retail investment strategy and the UK implementing targeted support measures [9][19]. Regional Focus: US - The new US administration has issued over 200 executive orders focusing on cybersecurity, financial resilience, and digital finance leadership, indicating a shift in regulatory priorities [32][33]. - There is a trend towards customizing regulations for smaller institutions while potentially easing requirements for larger banks [34]. Regional Focus: Asia-Pacific - The Asia-Pacific region is characterized by diverse regulatory requirements, with a focus on prudential regulation, behavioral regulation, and the integration of digital assets [40][41]. - Regulatory bodies are enhancing scrutiny on cybersecurity and operational resilience, particularly for firms involved in digital asset ecosystems [42][43].

Core Viewpoint - The company continues its aggressive expansion in Bitcoin acquisition, purchasing $264.1 million worth of Bitcoin last week, but the pace has slowed compared to previous weeks where purchases exceeded $1 billion, indicating a more cautious approach amid high volatility [1][3] Group 1: Acquisition Strategy - The company employed a "laddered buying" strategy, acquiring 2,932 Bitcoins at an average price of $90,061, which is significantly higher than the current market price of around $87,500, reflecting confidence in the long-term scarcity of the asset [4] - The acquisition funds were primarily sourced from the liquidation of common stock and included $7 million raised from the sale of STRC series preferred shares, demonstrating a flexible and transparent approach to financing [2][4] Group 2: Holdings and Market Impact - The company's total Bitcoin holdings have reached 712,647 coins, with an overall cost basis locked in at $76,037, maintaining a total asset value above $62 billion at current market prices [5] - The average cost being approximately 15% below the current market price provides the company with a strong risk mitigation capability during extreme volatility, while also reducing the circulating supply in the market, contributing to long-term support for both gold and cryptocurrency prices [5] Group 3: Market Sentiment - Institutional actions are seen as a barometer of market sentiment, with corporate holders transitioning from mere speculators to stabilizing forces in the market amid increasing global economic uncertainty [3][5] - Although fluctuations in acquisition pace may cause short-term market psychological impacts, as long as the logic of accumulation remains intact, a structural bull market for digital assets is likely to have a solid foundation [5]

新浪合作大平台期货开户 安全快捷有保障 责任编辑：陈平 1月27日，在2026年开局的关键阶段，全球数字资产市场的领头羊正处于历史性的心理关口。ZFX山海 证券认为，比特币目前在8.7万美元附近的徘徊不仅是单纯的价格波动，更预示着其可能面临自2018年 以来首次出现的月线"四连阴"。这种连续四个月收跌的罕见周期，即便是在经历了量化紧缩与行业多重 暴雷的2022年熊市中也未曾上演，这表明当前比特币市场正在经历一场极其深度的估值重塑与筹码出 清。 从宏观回撤的幅度来看，本轮走势的疲软程度令市场屏息。自去年10月站上历史高点以来，比特币受累 于获利盘了结与宏观流动性收紧，已连续在三个自然月内交出负增长成绩单，区间累计跌幅高达36%。 ZFX山海证券认为，如果1月份不能在剩余的交易周内完成反转，这种八年未见的连跌模式将从技术心 理层面给多头带来沉重压力。然而，正如历史规律所示，极端的情绪压制往往也预示着反弹动能的积 蓄，关键在于即将到来的月底结算。 在波谲云诡的衍生品交易区，多空力量的终极对决已经拉开帷幕。ZFX山海证券表示，1月30日将在 Deribit平台迎来名义价值约85亿美元的期权大交割。尽管现货价格低迷，但 ...

香港证监会中介机构部执行董事叶志衡博士补充："跨境监管合作是我们 ASPIRe 路线图的重要一环。 我们期待香港证监会与资本市场管理局之间有更紧密的合作，让两地能共同应对新兴风险，并携手推动 数字资产生态系统的可持续发展。" 智通财经APP获悉，1月27日，香港证监会与阿拉伯联合酋长国(阿联酋)资本市场管理局(Capital Market Authority of the United Arab Emirates)签署一项谅解备忘录，以加强双方在数字资产相关事宜的跨境监管 合作。这项标志性的谅解备忘录，是香港证监会与海外监管机构就受规管数字资产实体的监管合作签订 的首份协议。备忘录建立了一个加强监管合作的框架，包括就监管跨境受规管的数字资产实体进行相互 谘询和信息交换，充分体现出香港证监会致力根据其ASPIRe路线图推动国际合作的承诺。 谅解备忘录在香港证监会主席黄天祐博士的见证下，由资本市场管理局行政总裁Waleed Saeed Al Awadhi先生与香港证监会行政总裁梁凤仪女士签署。签署仪式前，双方举行了数字资产创新圆桌会 议，并邀得资深业界代表出席，共同探讨数字资产生态发展。 资本市场管理局行政总裁W ...

消息面上，OSL集团发布盈警，预期2025年度取得净亏损约3.7亿港元至4.3亿港元，同比由盈转亏。公 司同时表示，尽管预计取得净亏损，本集团业务仍持续展现强劲增长势头，预期期内数字资产及区块链 平台业务收入4.5亿至5.3亿港元，同比增长20.0%至41.3%；预期期内经调整数字资产及区块链平台业务 收入4.9亿至5.7亿港元，同比大幅增长129.0%至166.4%，反映本集团核心业务活动持续增长。 OSL集团(00863)现涨逾4%，截至发稿，涨4.04%，报18.02港元，成交额2509.42万港元。 ...

智通财经APP获悉，OSL集团(00863)现涨逾4%，截至发稿，涨4.04%，报18.02港元，成交额2509.42万 港元。 消息面上，OSL集团发布盈警，预期2025年度取得净亏损约3.7亿港元至4.3亿港元，同比由盈转亏。公 司同时表示，尽管预计取得净亏损，本集团业务仍持续展现强劲增长势头，预期期内数字资产及区块链 平台业务收入4.5亿至5.3亿港元，同比增长20.0%至41.3%；预期期内经调整数字资产及区块链平台业务 收入4.9亿至5.7亿港元，同比大幅增长129.0%至166.4%，反映本集团核心业务活动持续增长。 ...

最近24小时，MarketVectorTM数字资产100小盘指数涨1.68%，暂报3763.09点，最近连续七天累计下跌 7.82%，1月19日北京时间07:04出现一波显著的跳水，在那之前高位持稳，之后低位震荡。 MarketVectorTM数字资产100中盘指数涨0.50%，报3520.20点，这段时间累跌5.32%。MarketVector数字 资产100指数涨1.25%，报18447.13点，这段时间累跌5.84%。Solana累跌11.40%，狗狗币累跌8.71%， XRP累跌6.62%。现货比特币累跌5.65%，目前暂报90094美元；以太坊累跌9.86%，暂报2968.14美元。 ...

Market Overview - The Hang Seng Index faces short-term resistance at 27,188 points, with expectations of two interest rate cuts in 2026 following the Federal Reserve's recent rate reduction of 0.25% [2] - The market anticipates increased monetary policy easing in mainland China, particularly in the first quarter of 2026, focusing on expanding domestic demand and achieving technological self-reliance [2] - Recent adjustments in financing margin ratios by the Shanghai and Shenzhen stock exchanges may lead to short-term market pullbacks, affecting the momentum of Hong Kong stocks [2] Sector Outlook - The aviation sector is expected to benefit from a peak travel season during the extended Spring Festival holiday, alongside favorable conditions from the appreciation of the RMB and soft oil prices [3] - High-dividend stocks are likely to attract capital as market risk appetite decreases, leading to increased investment in defensive sectors [3] Economic Indicators - The U.S. core PCE inflation rose by 2.8% in November, aligning with expectations, while the GDP growth for Q3 2025 was revised to 4.4%, exceeding forecasts [3][6] - China is projected to set its economic growth target for 2026 between 4.5% and 5%, lower than the previous year's target of around 5% [6] - The People's Bank of China indicated room for further interest rate cuts and reserve requirement ratio reductions to maintain liquidity [6] Corporate News - Alibaba is preparing to list its semiconductor division, Pingtouge, to capitalize on investor interest in AI accelerator companies [9] - Baidu has launched the official version of its Wenxin large model 5.0, which supports various forms of information processing [9] - Pop Mart has restarted its share buyback program, with significant media coverage expected to boost its stock price [9] Investment Trends - KPMG's report on the Hong Kong banking sector indicates optimism for wealth management and IPO markets, suggesting growth opportunities for banks in 2026 [7] - The report highlights the importance of digital asset development and AI innovation in enhancing the competitive landscape of Hong Kong's banking industry [7]

Core Viewpoint - The correlation between digital assets and traditional macro policies has reached a historical high amid the current volatile global financial environment, with Bitcoin's recent price movements reflecting market sensitivity to geopolitical policy statements [1][4]. Group 1: Market Reactions - Bitcoin experienced a "first dip then rise" trend during Asian trading hours, dropping to approximately $87,300 before quickly rebounding to the $90,000 mark after the easing of trade conflict expectations [1][4]. - Ethereum fell below $3,000 but quickly recovered to above $3,020, while Solana and XRP also saw rebounds to around $130 and $1.95, respectively, indicating a synchronized market recovery [1][4]. Group 2: Bond Market Influence - The marginal improvement in the bond market provided relief for risk assets, with the rise in long-term treasury yields earlier in the week being a primary factor suppressing cryptocurrency performance [2][4]. - The decline in Japanese government bond yields and reassuring statements from officials have alleviated global interest rate pressures, contributing to a slight recovery in major tokens [2][4]. Group 3: Asset Characteristics - The current volatility highlights the precarious position of digital assets, which, despite being touted as independent from traditional financial systems, exhibit high-risk characteristics during periods of geopolitical tension and policy uncertainty [2][5]. - As capital is withdrawn from high-leverage positions for preservation, digital assets often bear the brunt of this "contagion effect," particularly in crowded trading positions [5]. Group 4: Future Outlook - The market's focus will be on the critical psychological level of $90,000, with external markets like oil and gold entering a consolidation phase, while the stability of the dollar index will be crucial for the continuation of the cryptocurrency rebound [2][5]. - If the positive sentiment from Davos persists and the bond market does not experience unexpected turbulence, major tokens may establish a solid support base at current levels [2][5]. Group 5: Overall Market Dynamics - Global political dynamics and bond market performance remain the "behind-the-scenes" factors influencing cryptocurrency market volatility [3][5]. - As market logic shifts from emotional speculation to fundamental valuation, asset differentiation will gradually become apparent, with high-quality assets exhibiting stronger risk resilience likely to stand out during the upcoming volatility [3][5].