在酒店行业，一座座高星酒店、连锁门店的背后，隐藏着规模超千亿的"沉睡资产"——闲置的房产空间、未充分利用的会员权益、冗长的供应链应收账 款、低效运转的设备资产……这些资产因流动性差、确权复杂、交易成本高，长期被"锁"在传统金融与运营体系之外。 而RWA（Real World Assets，现实世界资产通证化）正以区块链、智能合约与数字孪生技术为钥匙，将这些"沉睡资产"激活为可流通、可交易的数字资 产，推动酒店行业从"重资产运营"向"轻量化、生态化"转型，重构全产业链价值分配逻辑。 一、酒店行业的"沉睡资产"困局：规模与痛点并存 酒店行业的资产属性决定了其天然存在高重资产投入、低流动性、长回报周期的特征。据行业数据，全球酒店业总资产规模超4万亿美元，但其中约30% 的资产处于低效或闲置状态，对应潜在可盘活的"沉睡资产"规模超千亿级。具体表现为： 1、物理资产闲置：酒店客房、会议室、餐饮场地在工作日或淡季空置率高达40%-60%；闲置的设备（如洗衣房、健身器材）因缺乏共享渠道，利用率不 足30%。 2、权益类资产割裂：酒店会员积分、储值卡、协议客户权益等因平台封闭，无法跨品牌流通，用户端"沉睡"价值超百亿（如某头 ...

Core Viewpoint - The establishment of the joint venture "Ant Chain Trust" between Langxin Technology and Ant Group aims to leverage their technological strengths to create a comprehensive service platform for asset tokenization, addressing the challenges of asset management, valuation, and risk management in a blockchain environment [1][2][3]. Group 1: Company Overview - Langxin Group has over 10 years of experience in serving the energy sector, focusing on energy digitalization and the energy internet strategy, providing solutions to major clients like State Grid and Southern Power Grid [5]. - The company reported a main revenue of 1.542 billion yuan in the first half of 2025, a year-on-year decrease of 0.39%, with a net profit attributable to shareholders of 28.638 million yuan, down 23.02% year-on-year [5]. Group 2: Joint Venture Purpose - The primary purpose of forming "Ant Chain Trust" is to facilitate the tokenization of real-world assets, which includes asset management, data aggregation, and automated pricing services, thereby enhancing the efficiency and cost-effectiveness of asset valuation [1][2]. - The joint venture aims to provide services traditionally offered by rating agencies like Moody's and S&P, focusing on financing needs in the real economy, particularly in the green asset sector [2][3]. Group 3: Market Opportunities - The market potential for "Ant Chain Trust" is significant, especially in the context of China's dual carbon goals, with the green finance sector expected to grow substantially, potentially reaching asset scales in the tens of trillions [4]. - The service offerings will target both asset owners and investors in Web2 and Web3, with a focus on distributed assets in sectors like renewable energy and manufacturing [4].

Group 1: Company Overview and Collaboration - The joint venture "Ant Chain Trust" was established by Longxin Technology and Ant Group to leverage their technological strengths in asset management and tokenization [2][3]. - Longxin Technology has over ten years of collaborative history with Ant Group, including the establishment of the first joint venture, Bangdao Technology, which has become the largest public utility payment platform in China [3][4]. Group 2: Market Opportunities and Services - The market for asset rating and pricing is on the verge of explosive growth, driven by the green finance initiative and the increasing demand for financing in the green economy, with potential asset scales reaching several trillion [4]. - Ant Chain Trust aims to provide comprehensive services for various green assets, including management, rating, pricing, and oracle services, targeting both generation and load-side assets [4]. Group 3: Technological Integration and Benefits - The integration of AIoT (Artificial Intelligence of Things) will facilitate the real-time data linking of distributed assets, addressing challenges in verifying the authenticity and status of off-chain assets [3][4]. - The platform aims to automate and lower the costs of asset rating and pricing services through blockchain technology, enhancing the value of physical assets [3].

Core Viewpoint - The company has made a strategic investment by acquiring an 18% stake in Rtree Tech Service Co., Limited for $489,000, aiming to enhance its digital asset value chain and competitiveness in the market [1] Group 1: Investment Details - The investment amount is $489,000, representing an 18% equity stake in Rtree Tech Service Co., Limited [1] - Rtree is a high-tech growth company focused on tokenizing real-world assets through a decentralized token platform [1] Group 2: Strategic Objectives - The company plans to leverage Rtree's RWA platform to promote the tokenization of its assets, including high-value artworks and supply chain operational assets [1] - The strategy aims to reflect and circulate asset value on-chain, thereby enhancing the company's core business competitiveness [1]

Core Viewpoint - Hainan is accelerating the implementation of its free trade port closure operation plan, aiming for a smooth closure by the end of 2025, as stated by Hainan's governor Liu Xiaoming at the Boao Forum for Asia 2025 annual meeting [3]. Group 1: Understanding "One Line" and "Two Lines" - "One line" refers to the border line allowing free movement of goods, capital, and personnel between Hainan and foreign countries, while "two lines" refer to the regulatory boundary between the free trade port and other domestic regions [8][9]. - Hainan's free trade port will have a prohibited and restricted import/export list, and a zero-tariff negative list, allowing goods outside these lists to move freely [10][11]. Group 2: Customs and Regulatory Framework - Hainan's free trade port is classified as a "customs regulatory special area," differing from existing customs special regulatory areas in China [11]. - The management of goods will be regulated under the two lists, ensuring that while goods can enter Hainan duty-free, they cannot flow into mainland China without incurring tariffs [10][12]. Group 3: Benefits for Residents and Businesses - The closure operation will not hinder the movement of people between Hainan and other regions, and will enhance trade opportunities for residents [13]. - High-end and scarce talent working in Hainan will benefit from personal income tax exemptions on amounts exceeding 15% [13][16]. Group 4: Zero Tariff Policies - Hainan has established zero-tariff policies for raw materials, self-use production equipment, and transportation tools, allowing registered companies to import these without tariffs [17]. - The zero-tariff policy aims to support businesses engaged in production and service trade under the "two ends outside" model [17]. Group 5: Future Development and Recommendations - Experts suggest that Hainan should focus on developing high-end service industries, as the service sector's contribution to China's GDP is relatively low compared to developed countries [20]. - Utilizing modern technologies to reduce operational costs for businesses is recommended, drawing lessons from successful international free trade ports like Singapore and Dubai [20][21].