Core Viewpoint - Yunfeng Financial (00376) saw a significant increase of over 12%, closing at HKD 5.84 with a trading volume of HKD 346 million, following news regarding stablecoin license applications in Hong Kong [1] Group 1: Stablecoin License Applications - As of September 30, the Hong Kong Monetary Authority (HKMA) received applications for stablecoin licenses from 36 institutions, including banks, tech companies, and payment service providers [1] - The HKMA aims to review the applications and plans to announce the first batch of stablecoin issuers' licenses by early next year, with a limited number of licenses to be issued in the first phase [1] Group 2: Yunfeng Financial Developments - On September 9, Yunfeng Financial announced that its wholly-owned subsidiary, Yunfeng Securities, received approval from the Securities and Futures Commission of Hong Kong to upgrade its existing Type 1 (securities trading) license [1] - Following the upgrade, Yunfeng Securities will be able to provide virtual asset trading services for both retail and professional investors on its trading platform [1] - Yunfeng Financial has entered into a strategic cooperation agreement with Ant Group and made a strategic investment in Pharos Network Technology Limited to jointly explore tokenization of real-world assets (RWA) and Web3 through Pharos's high-performance blockchain platform [1]

Core Viewpoint - Yunfeng Financial (00376) has entered a strategic partnership with Ant Digital Technology, focusing on the tokenization of real-world assets (RWA) through a new Layer 1 blockchain called Pharos [1] Group 1: Strategic Developments - On September 1, Yunfeng Financial announced a strategic cooperation agreement with Ant Digital Technology [1] - The company plans to invest strategically in the Pharos blockchain, which is dedicated to RWA tokenization [1] Group 2: Financial Investments - On September 2, Yunfeng Financial's board approved the purchase of 10,000 Ethereum (ETH) as a strategic reserve asset, with a total investment cost of $44 million, sourced from internal cash reserves [1] - The acquisition of ETH aims to support the company's initiatives in Web3, RWA tokenization, digital currency, ESG zero-carbon assets, and artificial intelligence [1] Group 3: Future Directions - The collaboration with Ant Digital Technology will leverage the Pharos high-performance blockchain platform to explore compliance and expansion in RWA tokenization and next-generation internet (Web3) [1] - The company is also looking into the application scenarios of ETH within its insurance business [1]

Core Viewpoint - Yunfeng Financial (00376) has announced a strategic partnership with Ant Digital Technology, focusing on the tokenization of real-world assets (RWA) through a new Layer 1 blockchain called Pharos, which is expected to enhance their capabilities in digital finance and Web3 [1] Group 1: Company Developments - Yunfeng Financial's stock opened nearly 15% higher and is currently trading at 3.85 HKD with a transaction volume of 12.21 million HKD [1] - The company holds multiple financial service licenses from the Hong Kong Securities and Futures Commission, allowing it to engage in securities trading, advisory, institutional financing, and asset management [1] Group 2: Strategic Partnership - The collaboration with Ant Digital Technology aims to leverage Ant's technological expertise in blockchain and digital finance, combined with Yunfeng's experience in asset management, securities, insurance, and renewable carbon assets [1] - Ant Digital Technology, which will operate independently from Ant Group in 2024, has a strong presence in the blockchain sector, with its Ant Chain holding a 26.5% market share in China's BaaS market for four consecutive years [1]