Core Insights - The Federal Reserve will hold a "Payment Innovation Conference" on October 21 to discuss how innovative technologies are reshaping payment systems and the forms of currency in the digital age [1][2] - Key topics will include the accelerated integration of traditional finance (TradFi) and decentralized finance (DeFi), with a focus on the application of stablecoins in payments, new business models, and the tokenization of financial assets [1][2] Group 1 - Confirmed speakers include prominent figures such as Cathie Wood from Ark Invest, Rob Goldstein from BlackRock, Heath Tarbert from Circle, Alesia Haas from Coinbase, Tim Spence from Fifth Third Bank, and Federal Reserve Governor Waller [1] - Waller is expected to emphasize that payment innovation should continue to be led by the private sector, asserting that competition, rather than regulation, is the key driver for making payment systems safer and more efficient [1][2] Group 2 - The conference will serve as a platform to observe whether the FedNow instant payment system, launched in 2023, will extend its applications to programmable currencies and tokenized environments [2] - The meeting will also address the regulatory pressures surrounding stablecoins, tokenized deposits, and digital dollar experiments, with market participants keenly watching for any policy direction signals [2] Group 3 - Industry innovators will discuss balancing technological breakthroughs with system stability, with Wood likely to highlight the long-term role of crypto assets in enhancing global financial efficiency [2] - Goldstein may focus on the impact of institutional-level asset tokenization on portfolio management, while Tarbert's participation underscores Circle's rising influence in the global payment landscape [2] - Coinbase is expected to address the balance between compliance and innovation, and Spence will discuss responses to the digitalization wave and real-time payment demands [2]

Core Viewpoint - China Financial Development (03623) has signed a strategic cooperation memorandum with Zhejiang Shuqin Technology Co., Ltd. to leverage their respective strengths and resources in financial services, aiming to innovate and expand into new domestic and international markets [1] Group 1: Strategic Cooperation - The cooperation focuses on providing one-stop, full-process, and intelligent financial services for RWA through joint innovation [1] - The ultimate goal is to enhance and prosper the SimpleChain 2.0 public chain ecosystem [1] Group 2: Technological Integration - The partnership aims to integrate traditional finance with decentralized finance using advanced technologies such as blockchain and smart contracts [1] - Both parties will collaborate on comprehensive business operations in mainland China, Hong Kong, and international token markets [1] Group 3: Development Goals - The objective is to develop SimpleChain 2.0 into a leading Web2+Web3 public chain in Asia, maintaining a leading position in total locked value (TVL) in the Asia-Pacific region [1] - As of the announcement date, the SimpleChain 2.0 public chain registration network has been launched, user account activation is complete, and the official website and test network are online [1]

Core Insights - China Financial Development (03623.HK) announced a strategic cooperation memorandum with Zhejiang Shuqin Technology Co., Ltd. on September 3, 2025, aiming to leverage each other's strengths to explore new domestic and international markets in financial services [1] - The collaboration focuses on providing a one-stop, full-process, intelligent financial service for RWA through joint innovation, with the ultimate goal of enhancing the Simple Chain 2.0 public chain ecosystem [1] - The partnership intends to integrate traditional finance with decentralized finance using advanced technologies such as blockchain and smart contracts, targeting comprehensive business cooperation in mainland China, Hong Kong, and international token markets [1] Principles of Cooperation - Both parties agree to establish a long-term cooperative relationship that benefits the long-term development of the company and the Simple Chain 2.0 public chain [2] - The cooperation is based on legal compliance, adhering to relevant domestic and international standards, as well as the regulations of Hong Kong listed companies [2] - As of the announcement date, the Simple Chain 2.0 public chain registration network has been published, user account activation is complete, the official website is live, and the test network is operational [2]