Group 1 - The core point of the article is that New World Development (stock code: 1030) announced a financing plan through the subscription of new shares, raising approximately HKD 50 million [1][2] - The company will issue 19,346,101 shares at a subscription price of HKD 2.5845 per share, which represents a premium of about 4.2% over the closing price of HKD 2.480 on August 29, 2025 [1] - The funds raised will be allocated to the company's strategic deployment in the RWA application field [2] Group 2 - The newly issued shares will account for approximately 0.27% of the company's existing issued share capital as of the announcement date [1] - The completion of the issuance is subject to the approval of the Hong Kong Stock Exchange and the payment of the total consideration of HKD 50 million by the subscriber by September 30, 2025 [2] - The issuance is conducted under the general authorization granted by the shareholders' meeting [2]

Core Viewpoint - New City Development (01030) has seen a stock price increase of over 3%, currently trading at HKD 2.57, following the announcement of a subscription agreement with Blockchain Metaverse Academy Pty Ltd for the issuance of approximately 19.35 million shares at a subscription price of HKD 2.5845 per share, representing a premium of about 4.2% over the last trading price [1] Group 1 - The subscription agreement is set to be executed by August 31, 2025, with a total net fundraising of approximately HKD 49.4 million, which will be fully allocated for the company's strategic deployment in the RWA application field [1] - The introduction of Blockchain Metaverse Academy as a new strategic partner is expected to significantly reduce the risks and costs associated with independently exploring RWA applications, thereby enhancing the speed and efficiency of innovation in this area [1]

Core Viewpoint - New City Development (01030) has seen a stock price increase of over 3%, currently trading at HKD 2.57, following the announcement of a subscription agreement with Blockchain Metaverse Academy Pty Ltd for the issuance of approximately 19.35 million shares at a subscription price of HKD 2.5845 per share, representing a premium of about 4.2% over the last trading price [1] Group 1 - The subscription agreement is set to be executed by August 31, 2025, with a net fundraising of approximately HKD 49.4 million, which will be fully allocated for the company's strategic deployment in the RWA application field [1] - The agreement introduces Blockchain Metaverse Academy as a new strategic partner, which has extensive experience in the digital asset sector and a proven track record in the RWA field [1] - The strategic partnership is expected to significantly reduce the risks and costs associated with independently exploring RWA applications, thereby enhancing the speed and efficiency of innovation in this area [1]

Core Viewpoint - New City Development (01030) has entered into a subscription agreement with Blockchain Metaverse Academy Pty Ltd to issue approximately 19.3461 million subscription shares at a price of HKD 2.5845 per share, representing a premium of about 4.2% over the closing price of HKD 2.480 on August 29, 2025 [1] Group 1 - The subscription is expected to raise approximately HKD 49.4 million, which will be fully allocated for the company's strategic deployment in the RWA application field [1] - The agreement introduces the subscriber as a new strategic partner, who has extensive experience in the digital asset sector and advantages in the RWA field [1] - The strategic partnership is anticipated to significantly reduce the risks and costs associated with independently exploring RWA applications, thereby enhancing the speed and efficiency of innovation in this area [1]

Market Overview - The market opened low but rebounded, with all three major indices rising. The trading volume reached 1.24 trillion yuan, with over 3,500 stocks in the Shanghai and Shenzhen markets showing gains [1] - Stablecoin concept stocks surged, with companies like Hengsheng Electronics, Sifang Precision, Hengbao Co., and Hailian Jinwei hitting the daily limit [1] - Oil and gas stocks experienced a peak but then retreated, with Shandong Molong, Junyou Co., and Beiken Energy also reaching the daily limit [1] - The IP economy continued to show strength, boosting sectors like 3D printing, with stocks such as Yuanlong Yatu and Dizu Fashion also hitting the daily limit [1] Blockchain Sector - The blockchain concept saw significant gains, with stocks like GCL-Poly Energy and Hengbao Co. hitting the daily limit. The Hong Kong government has passed the "Stablecoin Regulation," which will establish a licensing system for stablecoin issuers, effective from August 1 [4][7] - According to DEFILLAMA, the global stablecoin market cap reached approximately $250.3 billion (about 1.8 trillion yuan) as of June 8, 2025, marking a 50-fold increase from about $5 billion at the end of 2019 [7] - The introduction of the stablecoin legislation in Hong Kong is expected to accelerate the compliance development of stablecoins and promote the large-scale application of Real World Assets (RWA), with the RWA market projected to reach $16 trillion by 2030 [7] IP Economy - The IP economy remained active, with stocks like Yuanlong Yatu and Dizu Fashion hitting the daily limit. Light Media's chairman revealed that the sales of derivatives related to "Nezha 2" have reached hundreds of billions [9][10] - The Chinese IP derivative market is expected to reach 174.2 billion yuan by 2024, with a compound annual growth rate of 15.1% from 2020 to 2024 [11] 3D Printing Sector - The 3D printing sector showed strength, with stocks like Jinchengzi and Haizheng Materials hitting the daily limit. Reports indicate that significant cost reductions in product iterations have been achieved through 3D printing technology [12][14] - The 3D printing industry in China is experiencing rapid growth, with equipment production increasing by 36% year-on-year in 2023 and exports rising by 55% [14] - The popularity of IPs has led to a surge in 3D printing community responses, with developers optimizing 3D models for new IPs, indicating a promising future for 3D printing materials [14]