Core Insights - The Finternet 2025 Asia Digital Finance Summit aims to establish Hong Kong as a leading global digital finance hub and bridge the gap between Web2 and Web3 worlds [1][3] Group 1: Summit Objectives and Vision - The summit's vision is to connect global innovators, decision-makers, and market participants, focusing on transforming forward-looking industry concepts into market-driving solutions [3] - The inaugural summit will emphasize serving the real economy, building a global stage, and connecting to the Web3 world, gathering global wisdom to promote long-term industry development [3] Group 2: Support and Participation - The summit has received full support from OSL Group, with confirmation from the Hong Kong SAR Government's Invest Hong Kong and the Hong Kong Financial Development Bureau as supporting institutions, reflecting a shared vision for the robust development of Hong Kong's digital finance ecosystem [3] - Notable industry leaders, including executives from SC Ventures, Solana Foundation, BlackRock, Franklin Templeton, and Visa, will participate to share insights [3] Group 3: Key Agenda Topics - The summit will focus on compliance opportunities, exploring regulatory paths for digital assets, institutional participation, application scenarios, Digital Asset Treasuries (DAT), and Real World Assets (RWA) [4] - Discussions will include the trend of mainstream institutions entering the digital asset space, covering topics such as Exchange-Traded Funds (ETFs) and the evolution of new asset management models [5] - The summit will also explore the role of stablecoins in reshaping future experiences in cross-border trade and global commercial payments, highlighting the potential of digital finance to serve the real economy [5] Group 4: Format and Engagement - The summit will feature keynote speeches, high-level discussions, and various thematic panels to analyze industry hotspots from multiple dimensions [5] - The event aims to create an open and professional dialogue atmosphere, allowing participants to gain cutting-edge information and inspire deep thinking about the future of digital finance [5][6]

Core Viewpoint - OSL Group has partnered with the Solana Foundation to promote the global compliant development of tokenization of real-world assets (RWA) to meet the increasing market demand from institutional investors [1] Group 1: Stock Performance - OSL Group's stock rose over 14% in the afternoon, with a current increase of 12.91%, trading at 17.32 HKD, with a transaction volume of 101 million HKD [1] Group 2: Partnership and Offerings - The OSL Tokenworks platform will provide a secure and compliant channel for the tokenization of traditional assets such as funds and bonds, leveraging Solana's high-performance network [1] - Several financial institutions have expressed interest in deploying tokenized financial products through OSL on the Solana network [1]

Core Viewpoint - OSL Group has announced a partnership with the Solana Foundation to promote the global compliant development of tokenization of real-world assets (RWA) to meet the growing market demand from institutional investors [1] Group 1: Company Developments - OSL Group's stock price increased by over 14%, currently trading at 17.32 HKD with a trading volume of 101 million HKD [1] - The OSL Tokenworks platform will provide a secure and compliant channel for the tokenization of traditional assets such as funds and bonds [1] Group 2: Market Implications - The collaboration aims to leverage Solana's high-performance network for the deployment of tokenized financial products [1] - Several financial institutions have already expressed interest in utilizing OSL to deploy tokenized financial products on the Solana network [1]

Core Viewpoint - The company is considering a potential rights issue to raise funds for AI digital human research and development, establishing a real-world asset (RWA) portfolio, and acquiring strategic digital assets like Ethereum to support its transition to Web4.0 and RWA ecosystem layout [1][2] Group 1: Potential Rights Issue - The potential rights issue aims to provide financial support for the company's strategic direction in AI and digital transformation announced in August [1] - It is expected to strengthen the company's financial foundation and enable it to seize long-term opportunities in the trillion-dollar industries of education, gaming, and health [1] Group 2: Strategic Transformation - The company is undergoing a transformation process that includes capital innovation, technological innovation, and business model innovation, aligning with its previously announced transformation blueprint [2] - The rights issue is seen as a crucial opportunity to capture the advantages of Web4.0 development and accelerate the layout in the RWA field, potentially expanding new revenue sources such as AI digital services and RWA ecosystem services [2] Group 3: Company Background - Established in 1991 and listed in 2007, the company has a strong foundation in the silicone input device sector, focusing on core components for consumer electronics and automotive products [2] - With the deepening global digital transformation, the company is strategically transitioning to Web4.0, targeting AI, RWA tokenization, and Hong Kong policy ecology as its core drivers [2] - The company aims to become a leading player in the AI and RWA sectors in the Asia-Pacific region, facilitating high-quality global economic development [2]

Group 1: Core Insights - The rapid evolution of financial technology is reshaping global economic dynamics, impacting the future of dollar hegemony and China's strategic choices in the digital finance era [1][2] - The discussion at the high-end salon in Shanghai focused on key topics such as stablecoins, blockchain technology applications, and data assetization, revealing the latest trends and challenges in the fintech sector [1][2] Group 2: Stablecoins - Stablecoins represent a significant turning point in the history of cryptocurrencies, addressing issues like volatility, impact on fiat currency systems, and potential for illegal activities [2][5] - Currently, 99% of stablecoins are pegged to the US dollar, which is significantly higher than the dollar's 50% share in global payments, indicating the US's strategic advantage in expanding dollar dominance [2][5] - The potential risks associated with large-scale stablecoin issuance could marginalize traditional banking systems, reminiscent of the chaotic banking landscape in 19th century America [2][5] Group 3: China's Perspective on Stablecoins - For China, stablecoins present both challenges and opportunities, with the potential for a digital RMB stablecoin to navigate issues like SWIFT sanctions and the safety of US debt assets [5][9] - Hong Kong is identified as the optimal testing ground for a digital RMB stablecoin, allowing exploration of internationalization pathways while minimizing impacts on the mainland financial system [5][9] - The regulatory approaches in the US and Hong Kong differ significantly, with the US adopting a more lenient functional regulation compared to Hong Kong's stringent requirements [6][9] Group 4: Blockchain Technology - Blockchain technology is seen as a foundational element driving fintech transformation, addressing trust issues in the digital economy [10][11] - The Tree Graph public chain system, developed with independent intellectual property, has achieved a transaction throughput of 3,000 transactions per second, significantly outperforming Bitcoin and Ethereum [10][11] - The integration of blockchain with real-world assets (RWA) is crucial for enhancing settlement efficiency and the credibility of smart contracts [10][11] Group 5: Data Assetization - Data has been recognized as the fifth production factor, marking a new phase in digital economic development, yet challenges in data rights, pricing, and compliance remain [11][12] - The market for RWA has seen explosive growth, increasing from $5 billion in 2022 to an estimated $25.51 billion by 2025, representing a 410% growth rate [12][14] - The successful assetization of data requires collaboration across various sectors, including exchanges, evaluation agencies, and financial institutions [13][14]

Core Insights - Derin Holdings (01709) has entered into a subscription agreement with Asseto Holdings Limited to acquire 77,400 Class A ordinary shares for a total subscription price of $1.2903 million, representing approximately 3.23% of Asseto's enlarged issued share capital post-transaction [1] Group 1: Company Overview - Asseto is a leading fintech company in the Asian tokenization market, focusing on the tokenization of real-world assets (RWA) and integrating traditional finance (TradFi) with decentralized finance (DeFi) [2] - The company aims to diversify its revenue sources by expanding its product line beyond cash management RWA to include funds, bonds, stocks, private credit, real estate, and various alternative assets [2] - Asseto has established a strong strategic industry partnership network, including companies preparing to apply for a Hong Kong stablecoin license [2] Group 2: Strategic Importance - The subscription agreement is a significant milestone for the group, allowing it to tap into the rapidly growing market and leverage advanced technologies in blockchain and smart contracts [3] - Collaborations with leading firms like HashKey Group and major global asset management companies will enable the group to access valuable ecosystem connections and facilitate future product co-development and cross-market promotion projects in Asia and internationally [3]

Group 1: Market Overview - The Hang Seng Index experienced a tug-of-war, ultimately closing down 18 points or 0.1% at 24,498, after reaching a high of 24,672 and a low of 24,447 during the day [3][4] - The total trading volume for the day was 236.41 billion, with net inflow from northbound trading only at 1.86 billion [3] - The technology index outperformed the Hang Seng Index, closing up 0.6% at 5,448 [4] Group 2: Company News - Baidu (09888) saw a decline of 3.3%, closing at 85.6; Alibaba (09988) dropped 1.1% to 112.5; Xiaomi (01810) fell 2% to 56.15; and Chow Tai Fook (01929) decreased by 3.6% to 13.58 [3] - BYD (01211) increased by 1.1% to 123.8, while Geely (00175) rose 4.2% to 19.02 following the privatization agreement with Zeekr [3] - Li Auto (02015) had the largest gain among blue chips, rising 9.7% to 124.1 [3] Group 3: Economic and Policy Developments - The Chinese Ministry of Commerce encourages Chinese enterprises to invest in South Africa, aiming to deepen supply chain cooperation and expand collaboration in new energy and digital economy sectors [7] - The Chinese government has lowered the consumption tax threshold for ultra-luxury cars from 1.3 million RMB to 900,000 RMB, effective July 20, to guide reasonable consumption [8] - The unemployment rate for the 16 to 24 age group in China has decreased to 14.5%, marking a continuous decline for four months [10] Group 4: Company Performance - Dazhong Financial Holdings (00626) reported a turnaround with a net profit of 2.57 million, compared to a loss of 34.49 million in the same period last year, with a revenue increase of 15.36% to 685 million [12] - Luk Fook Holdings (00590) reported a 14% increase in retail revenue for the first quarter, with same-store sales turning positive at 5% [13] - October Rice Field (09676) expects a net profit increase of at least 90% for the first half of the year, driven by innovation in household food categories and enhanced brand influence [15]