阿通社1月5日消息，中东和北非金融行动特别工作组（MENAFATF）宣布，阿联酋将出任该组织 2026年主席，巴林将于2027年接任。阿联酋任期内将重点推动第三轮互评准备工作，完善治理框架，深 化国际合作，并加强对虚拟资产、金融科技、人工智能和实益所有权透明度等新型金融风险的监管。成 员国普遍认为，阿联酋的履职将有助于提升区域反洗钱和反恐融资能力，更好对接国际标准。 （原标题：阿联酋将出任MENAFATF 2026年主席） ...

根据弗若斯特沙利文的资料，按2024年交易量计，公司是亚洲最大的区域性在岸平台。以在管资产计， 公司也是亚洲最大的数字资产管理机构。公司在营收上增长迅猛，2022年至2024年，公司营收分别为 1.29亿港元、2.08亿港元和7.21亿港元。 公开资料显示，HashKey Exchange是中国香港最大的持牌虚拟资产交易所。公司招股书显示，截至2025 年9月30日，HashKey平台共支持80种数字资产代币，涵盖多个类别，包括主要Layer-1资产、去中心化 金融(DeFi)代币、稳定币及新兴生态系统项目。 HASHKEY HLDGS(03887)午后飙升逾18%，高见7.8港元，创上市新高。截至发稿，涨12.21%，报7.35 港元，成交额6176.04万港元。 ...

格隆汇12月30日丨新火科技控股(01611.HK)公告，集团于2025年度录得总收益约86.6亿港元，同比增加 约451.8%。集团于2025年度录得净亏损约970万港元，而2024年度则录得纯利约5630万港元。集团于 2025年度的每股基本及摊薄亏损分别为1.72港仙及1.72港仙(2024年度：每股基本及摊薄盈利分别为 11.66港仙及11.63港仙)。 于2025年度，提供资产管理服务所产生的收益为约2720万港元，同比增加6.3%。该增长主要是由于虚 拟资产价格上涨及有效的资产管理策略带来的表现费收入，以及由于持续性基金管理的资产增长而增加 的管理费收入。 ...

随着资本市场对外开放程度不断加深，2025年券商"出海"步伐愈发矫健。中资券商通过跨境投行助力境 内企业境外上市、发债、并购，依靠财富管理能力为投资者提供全球资产配置服务，运用金融科技工具 提升跨境资金管理效率。 ◎记者 唐燕飞 当前，中资券商的国际化业务正沿着投行、投资及新兴业务等方面"多维深耕"。 以IPO市场为例，2025年中资券商在港股IPO中发挥着关键作用。Wind数据显示，截至12月15日，中金 国际今年参与保荐39个IPO项目，市场份额为16.53%。中信证券（香港）、华泰金融控股（香港）参与 保荐32个、17个IPO项目。 据统计，2025年，至少有11家上市券商发布增资或设立国际子公司的公告。2026年，如何进一步融入境 外市场、提升跨境协同效能，将成为券商国际化纵深发展的关键所在。 券商密集推进海外业务布局 2025年，伴随全球市场回暖和境内企业加速出海，券商密集推进海外业务布局。 12月8日，招商证券公告，同意招证国际向其全资子公司分次增资不超过90亿港元。首次增资对象为招 商证券（香港）有限公司，增资规模不超过40亿港元。在业内人士看来，增资是券商增强融资能力、促 进境外投资与业务扩张 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The report highlights ongoing trends in the AI industry, with companies like MiniMax and Zhiyu AI passing hearings, indicating a strong interest in AI investments [2] - The education sector is experiencing slight pressure, with increased competition among small and medium institutions, while leading companies like Alpha are stabilizing [4] - The coffee and tea beverage industry maintains high enthusiasm, with brands actively opening new stores despite seasonal fluctuations [4] - E-commerce is under pressure due to the domestic consumption environment, with online retail sales for physical goods reaching 11.82 trillion yuan, a 5.7% increase year-on-year [4] - Music streaming platforms are seen as quality internet assets driven by domestic demand, suggesting continued investment interest [4] - The automotive service sector is witnessing a decline in sales for traditional luxury brands, while domestic luxury and new force brands are experiencing growth [4] - The internet medical sector is expanding, with companies like JD Health and Ant Group's AI health application gaining traction [4] - Concerns remain regarding the sustainability of capital expenditure and returns in the AI industry, but there is optimism about the long-term trends [4] Summary by Sections 1.1 Consumer & Internet - The non-essential consumption index fell by 2.98%, with notable stock performances from companies like HuShang Auntie (+4.27%) and Luckin Coffee (-3.62%) [9] - E-commerce index decreased by 2.86%, with Pinduoduo's stock rising by 24.51% while Alibaba's stock fell by 5.71% [13] 1.2 Platform & Technology - The media index dropped by 2.23%, with Netflix and Tencent Music experiencing slight declines [19] - The virtual asset market saw a decrease in total cryptocurrency market value to $296.84 billion, with Bitcoin and Ethereum prices falling by 2.4% and 3.5% respectively [25] - The automotive service sector's index fell by 1.21%, with significant declines in stocks like Advance Auto Parts (-12.87%) [34] 1.3 Media - The media index decreased by 0.1763%, with Perfect World (+10.68%) and Giant Network (+8.97%) showing positive performance [50] - The report emphasizes the importance of new game releases and innovations in the gaming sector, with a projected revenue of 350.79 billion yuan for the domestic gaming market by 2025 [4]

Core Viewpoint - HashKey has officially listed on the Hong Kong Stock Exchange, marking it as the first fully cryptocurrency-based company in the Hong Kong market, despite a lackluster stock performance on its debut day [1][18]. Company Overview - HashKey is recognized as Hong Kong's largest licensed cryptocurrency exchange operator, with a market capitalization of HKD 15.6 billion [1]. - The company was founded by prominent figures in the blockchain space, including "blockchain father" Xiao Feng and Wanxiang Group Chairman Lu Weiding, who is also the largest shareholder [1][4]. Stock Performance - On its first trading day, HashKey's stock price opened with a slight increase of nearly 1% but soon turned negative, closing at HKD 6.67, a decrease of 0.15% [1]. - By the second trading day, the stock price further declined to HKD 5.63 [1]. Business Strategy - HashKey emphasizes a compliance-first approach, having established itself in 2018 when the regulatory framework for virtual assets in Hong Kong began to take shape [7]. - The company has obtained 13 licenses across six different jurisdictions, adhering to principles of licensing, compliance, and regulation [8]. Financial Performance - HashKey's revenue has shown significant growth, with projections indicating revenues of HKD 5.18 billion from transaction facilitation services in 2024, accounting for 71.8% of total revenue [9]. - Despite revenue growth, the company has reported substantial losses, with cumulative losses exceeding HKD 2.3 billion over three years [12]. Market Position - HashKey aims to cover the entire value chain of digital assets, including trading facilitation, on-chain services, and asset management [11]. - The company is positioned as the largest asset management service provider headquartered in Hong Kong, with a cumulative asset management scale of HKD 7.8 billion [11]. Industry Context - The listing of HashKey is seen as a significant milestone for the development of virtual assets in Hong Kong, representing a shift towards more regulated and compliant operations in the cryptocurrency sector [19]. - The company’s founder, Xiao Feng, expressed confidence in the long-term potential of the virtual asset industry, citing the importance of regulatory frameworks [17].

Core Viewpoint - HashKey Holdings (03887) experienced a volatile debut on the Hong Kong Stock Exchange, opening high but closing down over 7% on its first day of trading [1] Company Overview - HashKey Exchange is the first licensed virtual asset trading platform in Hong Kong aimed at retail users, holding licenses for Type 1 (Securities Trading) and Type 7 (Automated Trading Services) from the Hong Kong Securities and Futures Commission [1] - According to Frost & Sullivan, HashKey is the largest regional onshore platform in Asia by trading volume projected for 2024 [1] - The company is also the largest on-chain service provider in Asia by staked assets and the largest digital asset management institution by assets under management [1] Financial Performance - HashKey reported revenues of HKD 129 million, HKD 208 million, and HKD 721 million for the years 2022, 2023, and 2024 respectively, with losses of HKD 585 million, HKD 580 million, and HKD 1.19 billion for the same years [1] - For the first six months of 2025, the company achieved revenue of HKD 284 million but incurred a loss of HKD 507 million, indicating it has not yet reached profitability [1] Market Activity - During the public offering phase, HashKey was oversubscribed by 393.71 times, with 10% of the offering allocated to Hong Kong and 90% to international placements [1] - Post-listing, the company's market capitalization is approximately HKD 13.4 billion, with the IPO price corresponding to a price-to-sales ratio of about 18.6 times for 2024 revenue, suggesting a high valuation [1]

CAI控股(00080)公布，于2025年12月17日，公司(作为买方)与Longling Capital(作为卖方)订立股权转让 协议，拟向Longling Capital收购Forestheaven全部股权约9.09%及EXIO全部股权约3.15%，代价分别为约 5226万港元及1930万港元，将透过发行合共约1.99亿股代价股份支付代价，每股代价股份为0.36港元。 于本公告日期，Longling Capital为该公司控股股东，持有约10.37亿股股份，占已发行股份总数约 52.38%。 董事认为，建议收购事项将为公司提供投资于持牌财富管理公司以及虚拟资产业务的机会，此举符合公 司目前对发展成熟的创新行业的投资重心。建议收购事项将进一步增强公司的投资组合及未来回报。 此外，鉴于2015年购股权计划的届满，董事会建议根据上市规则第17章采纳2025年股份计划，以为合资 格参与者对公司增长及发展所作出或将会作出的贡献向彼等提供激励或奖赏。 据悉，Forestheaven为一间于2021年在英属处女群岛注册成立的投资控股公司，与其附属公司主要从事 在香港提供资产管理、证券谘询及证券买卖服务，以及在瑞士向主要 ...

吴说获悉，香港证监会可疑虚拟资产交易平台名单列表近两月新增四家，分别为 HKTWeb3、 AmazingTech、9M AI、与香港稳定币交易所，四家平台均涉嫌无照经营。其中 HKTWeb3 在其网站上 声称与一间获证监会发牌的虚拟资产交易平台合作，但被辟谣；香港稳定币交易所虚假宣称其由港交 所、联交所、期交所香港三大交易所共同成立，事实上跟三者并无关连。 来源：市场资讯 （来源：吴说） ...

来源：新浪证券 出品：新浪财经上市公司研究院 作者：喜乐 基石投资占比合理但结构分化 中资主流机构缺席成短板 本次IPO的基石投资环节，共有9家投资者合计认购7500万美元，按发行规模下限计算，占基础发行规 模的40.8%，这一比例在近期港股IPO项目中处于合理水平，一定程度上彰显了部分资本对公司的认 可。同时，公司可通过发售量调整权灵活调整发行规模，有效控制流通盘水平，为上市后股价稳定提供 一定支撑。 从投资者构成来看，基石阵容呈现明显的两级分化态势。一方面，有国际知名长线基金加持：瑞银资管 及富达国际分别投资1000万美元、500万美元，其中后者同时还是公司的老股东关联方，今年仅参与了 紫金黄金国际及本单IPO项目。 另一方面，参与机构中既有行业知名玩家，也有缺乏基石投资经验的新面孔。鼎晖资本作为知名中资私 募，同时也是老股东关联方，投资500万美元；无极资本出资1000万美元，这家港股市场活跃的对冲基 金获得中东资金支持后，今年通过港股配售及IPO基石投资累计投入超150亿港元，投资活跃度颇高； 至源控股作为产业投资者，同样投入1000万美元布局。而信庭基金、利通发展、Space Z PTE、Shini ...