Core Insights - The establishment of the Global Asset Digitalization RWA Ecosystem Alliance aims to facilitate the digitalization of real-world assets (RWA) and enhance the integration of digital economy with the real economy [1][4][22] Group 1: Market Overview - The RWA market has surpassed a total locked value of $65 billion, indicating a growing demand for cross-border asset circulation and digitalization of physical assets, with a potential trillion-dollar market emerging [2][22] - The Hong Kong Monetary Authority's "Ensemble Project Sandbox" and the accelerated implementation of stablecoin regulations provide a favorable policy environment for the RWA industry [2][22] Group 2: Alliance Objectives - The RWA Ecosystem Alliance aims to create a collaborative platform that integrates policy, technology, industry, and capital to break down barriers between traditional assets and digital ecosystems [4][6] - The alliance will focus on establishing collaborative standards to regulate the entire RWA development process and connect with global partners to align China's RWA ecosystem with international rules [4][20] Group 3: Key Activities and Initiatives - The launch ceremony of the RWA Ecosystem Alliance was a significant event, marking a new starting point for collaborative development in the RWA industry [10][12] - The alliance has signed strategic cooperation agreements with several founding members to explore RWA technology development, digitalization pilot projects, and cross-border asset circulation [14][22] Group 4: Future Directions - The alliance plans to build a comprehensive value support system for its members, focusing on resource integration, standardized technical tools, and long-term empowerment [20][22] - The goal is to position China as a global core node for RWA asset pricing and circulation within 3-5 years, contributing to global digital economic governance [22]

在主题演讲环节，行业专家围绕RWA核心议题深度分享，贡献前沿思考。产通链发起人马浩棋在演讲 中阐述产通链深耕RWA领域的初心、发展历程与未来愿景，强调"技术创新需与产业落地紧密结合"。 会上，产通链首席经济学家王世渝以"Web3.0与RWA的生态进化"为题，解读数字经济时代RWA的发展 趋势与生态重构路径。产通链联合发起人、CIT技术总监姬海镛深入剖析"RWA技术创新与发展趋势"， 预判技术突破方向与产业应用前景。北京德恒（宁波）律师事务所王杰尉律师发布CT-Chain合规工作进 度报告，从法律层面筑牢产通链RWA发展基础，增强行业与市场信心。温州市兴龙航空集团公司运营 总监金佩佩以"RWA助力榴莲全生态价值重塑与落地"为主题，分享RWA技术如何打通榴莲产业"生产-流 通-销售"全链条，实现产业价值最大化。 本报讯 （记者矫月）9月9日，由产通链CT-CHAIN主办的"产通链产业RWA成果落地暨CIT产业生态升 级峰会"在杭州圆满收官。本次峰会聚焦现实世界资产数字化（RWA）核心领域，汇聚政府机构、企 业、投资机构、科研院校等多方力量，通过成果展示、主题演讲、战略签约三大核心环节，集中呈现产 通链在RWA技术 ...

Government Procurement and Regulatory Updates - The Ministry of Finance, Ministry of Public Security, and State Administration for Market Regulation issued a notice on June 23 to conduct a special rectification of four types of illegal activities in government procurement from June this year to January next year, aiming to standardize the market order [4] - The National Medical Products Administration approved measures to support the innovation and development of high-end medical devices [4] Industry Development Plans - The Ministry of Industry and Information Technology and nine other departments released the "Implementation Plan for High-Quality Development of the Gold Industry (2025-2027)", targeting a 5%-10% increase in gold resource volume and over 5% growth in gold and silver production by 2027 [5] Market Regulation and Initiatives - The State Administration for Market Regulation launched two new query functions in the antitrust business system for operators to check unconditional approval cases and simplified case public lists [6] - The Guangzhou Municipal Government issued a three-year action plan to promote the development of the intelligent connected new energy vehicle industry, aiming for significant transformation by 2027 [6] Energy Sector Statistics - The National Energy Administration reported that from January to May, the total installed power generation capacity reached 361 million kilowatts, a year-on-year increase of 18.8%, with solar power capacity growing by 56.9% [6] Market Trends and Stock Performance - The Hong Kong "Stablecoin Regulation" will take effect on August 1, establishing a strict licensing system for stablecoin issuers, leading to active stock performance in related companies [8] - The solid-state battery concept continues to gain traction, with companies like XINWANDA and YIWAI LITHIUM ENERGY making significant advancements [8] - As of June 20, the net subscription amount for innovative drug-themed ETFs reached 3.54 billion yuan, indicating strong interest from public funds [9] Corporate Developments - Xiaomi announced the launch of the YU7 model on June 26, along with other new products [13] - Alibaba's CEO announced the integration of Ele.me and Fliggy into the Alibaba China e-commerce business group [13] - Tesla's Robotaxi pilot program officially launched in Austin, Texas, with initial operations limited to a small fleet [13] - Meituan is expanding its instant retail business to enhance service quality [13] - Sasa International Holdings will close its last 18 offline stores in mainland China by June 30, marking its exit from the market [17] - Zhongtong Airlines was established with a registered capital of 600 million yuan, aiming to expand into air freight [17] - Shanghai Zhaoxin Integrated Circuit Co., Ltd. has received approval for its IPO application on the Sci-Tech Innovation Board, aiming to raise 4.169 billion yuan [18]

Market Overview - The market opened positively with more gainers than losers, and the Shanghai Composite Index closed above 3350, indicating potential for further upward movement [5] - Technical analysis shows no significant signals in various cycles for the Shanghai Composite Index, but a short-term trend shift from weak to strong is noted, with short-term resistance identified in the 3380-3420 range [5][9] Sector Performance - The healthcare and consumer sectors showed strong performance, with significant movements in pharmaceutical stocks [13] - The stablecoin sector experienced a pullback after an initial surge, but it is expected to remain active due to upcoming regulatory developments and IPOs [10][11] Investment Strategy - Investors are advised to monitor the market closely, especially those who have increased their positions recently, as there may be opportunities to reduce exposure near resistance levels [9] - The market is currently in a rapid rotation phase with no clear main theme, suggesting a focus on sectors like military, restructuring, new consumption, robotics, artificial intelligence, and innovative pharmaceuticals for potential short-term gains [12] Future Outlook - The upcoming events in June, including the first stablecoin IPO and a major industry conference, are expected to keep the market active and provide further investment opportunities [11] - The overall market trend remains bullish in the medium term, with short-term rebounds anticipated, particularly in the consumer and healthcare sectors [13]