Group 1 - The core point of the article is that China New City (01321) has seen its stock price surge over 100%, reaching a peak increase of over 150% during trading, attributed to its announcement of participating in the establishment of the "Hong Kong RWA Global Industry Alliance" [1] - The alliance will focus on digital transformation of assets in sectors such as real estate, green finance, and cross-border trade, leveraging technologies like blockchain, artificial intelligence, and the Internet of Things [1] - As of December 31, 2024, the group's investment properties are valued at approximately 4.337 billion RMB, indicating a significant asset base [1] Group 2 - The board has noted that the group's market value has long been below its net asset book value, suggesting that asset values are not fully reflected in the capital market [1] - With the increasing acceptance of digital currencies and decentralized finance globally, RWA tokenization is becoming a strategic component for financing needs and asset management [1] - The group aims to utilize the alliance's technological expertise and regulatory knowledge to explore RWA tokenization, providing a more objective fair value measurement for its assets and facilitating asset value release [1]

Group 1 - China New City (300778) shares surged over 100%, reaching a peak increase of 150%, with a current price of 1.57 HKD and a trading volume of 3.28 million HKD [1] - The company announced its participation as a founding member in the "Hong Kong Real World Assets Global Industry Alliance," set to launch on July 30, 2025, focusing on blockchain, AI, and IoT technologies [1] - The alliance aims to enhance asset digitalization in sectors such as real estate, green finance, and cross-border trade, while exploring digital asset cooperation mechanisms with ASEAN [1] Group 2 - As of December 31, 2024, the company's investment properties are valued at approximately 4.337 billion RMB [1] - The board noted that the company's market value has consistently been below its net asset value, indicating that asset values are not fully reflected in the capital market [1] - With the increasing acceptance of digital currencies and decentralized finance globally, RWA tokenization is becoming a strategic component for financing needs and asset management [1] - The company plans to leverage the alliance's technological expertise and regulatory knowledge to explore RWA tokenization, aiming to provide a more objective valuation of its assets and facilitate value release [1]