币界网11月18日消息，美联储副主席杰斐逊近日就数字资产发表重要讲话，明确表示美联储既不鼓励也 不阻止加密货币的使用，并将创新交由私营部门主导。他特别强调，只要美联储政策与企业和家庭需求 保持同步，加密货币和其他创新不会影响美联储的货币政策能力。 这一表态被业内视为美联储对数字资产领域采取中立立场的重要信号。在监管环境逐渐明晰的背景下， XBIT等去中心化交易平台有望在更加明确的市场环境中获得发展机遇。杰斐逊的发言凸显了美联储对 金融创新的包容态度，同时也为加密货币市场的长期发展提供了政策层面的确定性。 政策解读：美联储的"中性立场"深意 美联储此次表态的核心在于确立了对加密货币创新的"中性立场"。这种立场并非消极观望，而是一种基 于对美国金融体系深刻理解的战略选择。通过将创新主导权交给市场，美联储既避免了过度干预可能对 创新造成的压制，又确保了金融系统的整体稳定。 美联储的立场实际上为数字资产创新划定了清晰的边界，在确保银行体系安全稳健的前提下，私营部门 可以自由探索区块链技术和加密货币的应用潜力。这种政策环境为像XBIT去中心化交易所这样的创新 平台提供了宝贵的发展空间。 去中心化交易的机遇与挑战 全球监 ...

Core Insights - Hong Kong and China Gas Company Limited (HKCG) has completed its first Real World Assets (RWA) tokenization project, utilizing a credit facility of HKD 100 million from its subsidiary, Mingqi Tong, supported by Chuangxing Bank and Ant Group's Jovay Layer2 blockchain technology [1] Group 1: Project Overview - The RWA tokenization project involves the tokenization of operational data and credit information, ensuring secure and reliable data flow for authorized institutions [1] - The credit facility will be used for the development of AI data centers, AI IoT, and cross-border infrastructure projects [1] Group 2: Strategic Partnerships - HKCG signed a technical service agreement with Ant Group during the 2025 Hong Kong FinTech Week, further deepening their collaboration following a memorandum of understanding signed on May 19, 2025 [1] - Ant Group's Jovay Layer2 blockchain platform is designed for high performance, security, and open connectivity, providing technical support for the financing project [1] Group 3: Future Implications - HKCG's CFO, Yang Leiming, stated that the RWA tokenization project lays the foundation for improving capital allocation efficiency and provides innovative financing channels for business expansion [1] - The company anticipates that digital asset innovations, including RWA tokenization, will scale and normalize as blockchain infrastructure and regulations improve in the region, enhancing the efficiency of digital finance and the real economy in Hong Kong [1]

Core Viewpoint - The company, Wanka Yilian (01762), has entered a new phase of explosive growth, with significant increases in revenue and overseas income, solidifying its leading position in the Chinese market [1][2] Financial Performance - Total revenue reached approximately 1.713 billion RMB, representing a year-on-year growth of 39% [1] - Overseas revenue experienced a remarkable increase of 439% [1] - Gross profit recorded around 177 million RMB, up by 29.2% year-on-year [1] - Adjusted net profit was approximately 51.81 million RMB, indicating enhanced profitability [1] Strategic Transformation - The company's strategic shift from "technical accumulation" to "ecological win-win" has contributed to its financial success [1] - The integration of AI technology into advertising has improved efficiency and created tangible business value for clients [1] International Expansion - The company has effectively captured overseas opportunities, with self-developed games' overseas sales accounting for 33.62% in 2024 [2] - The overseas business has become one of the fastest-growing segments, driven by multi-regional and multi-lingual promotional capabilities [2] Future Outlook - The company is embracing the ecological changes brought by AI smartphones, aiming to be a pioneer in AI smartphone advertising [2] - Plans to explore innovations in digital assets, including stablecoin payments and RWA Token issuance, are underway [2]

Summary of Futu Holdings Conference Call Company Overview - **Company**: Futu Holdings - **Date**: Q2 2025 Conference Call Key Highlights International Expansion - Over 50% of new funded accounts originated outside Hong Kong, with significant growth in Singapore, the US, Malaysia, and Japan, indicating Futu's ambition as a global financial platform [2][3] - Q2 2025 saw the acquisition of approximately 204,000 new funded accounts, a 32% year-over-year increase, driven by market volatility and high-profile IPOs [2][4] Client Assets and Trading Volume - Total client assets reached a record HKD $974 billion by the end of Q2 2025, a 68% year-over-year increase [2][6] - Total trading volume surged to HKD $3.59 trillion, a 121% year-over-year increase, with US stock trading volume increasing by 20% sequentially to HKD $2.7 trillion [2][8] Wealth Management and IPO Distribution - Wealth management client assets reached HKD $163.2 billion, a 104% year-over-year increase [2][11] - Futu serviced 517 IPO distribution clients, a 15% year-over-year increase, attracting a record-breaking 102,000 subscribers for Hai Tian Flavoring & Food's IPO [2][12] Financial Performance - Total revenue for Q2 was HKD $5.3 billion, a 70% year-over-year increase, with brokerage commission income rising by 87% to HKD $2.6 billion [2][13] - Operating expenses increased by 21% year-over-year, reflecting the company's growth and expansion efforts [2][14] Market Conditions and Client Engagement - Market volatility and high-profile IPOs spurred retail investor participation, particularly in the US market, where Futu's sponsorship of the New York Mets contributed to client acquisition [4][16] - Client retention rate exceeded 98% across all regions, indicating high loyalty and satisfaction among clients [4] Regional Developments Malaysia and Japan - In Malaysia, Futu localized offerings by introducing IPO financing services and a stock earnings calendar [5] - In Japan, Futu partnered with NASDAQ and Japan Exchange Group to host an investment event, attracting over 12,000 investors [5][32] Crypto Trading Performance - Launched crypto trading services across Hong Kong, Singapore, and the US, with crypto-related assets reaching approximately HKD 4 billion, a more than 40% increase quarter-over-quarter [17] - Plans to introduce crypto transfer functionalities in H2 2025 to enhance client engagement [17] Strategic Initiatives Licensing and Product Planning - Futu is applying for a VATP license in Hong Kong and exploring additional licenses in Singapore and the US to enhance its crypto business [18][23] - Focus on bridging traditional finance with blockchain technology through partnerships and innovative product offerings [20] Brand Building in Japan - Enhanced brand recognition through partnerships and events, including a successful collaboration with NASDAQ [30][32] - Introduced AI capabilities, achieving high customer satisfaction rates among Japanese investors [28][32] Future Outlook - Futu remains optimistic about client acquisition and asset inflows, with a target of 800,000 new clients for the year [39] - Continued focus on expanding product offerings and enhancing brand presence in international markets [16][34] Conclusion Futu Holdings demonstrated strong growth in Q2 2025, driven by international expansion, increased client assets, and robust trading volumes. The company's strategic initiatives in wealth management, crypto trading, and regional developments position it well for future growth and market penetration.