Group 1 - The Ministry of Industry and Information Technology of China has initiated the creation of national emerging industry development demonstration bases, covering nine major fields including new generation information technology and new energy, with a target of establishing 100 park-type and 1,000 enterprise-type bases by 2035, which will receive policy and resource support [2] - The Federal Reserve officials have signaled a potential interest rate cut in December, with an 82.9% probability of a 25 basis point cut according to CME FedWatch, leading to a 2.69% increase in the Nasdaq and a broad rise in technology stocks [2] - Former President Trump signed an executive order for the AI "Genesis Plan," opening federal scientific data sets, while Amazon plans to invest $50 billion to expand AI and supercomputing infrastructure for the U.S. government, benefiting AI-related companies [2] Group 2 - The European Union has approved a budget of €192.8 billion for 2026, focusing on defense and high-end manufacturing, with €716 million reserved for emergency funds, which will create procurement opportunities for related industries [3] - The Bank of Israel has lowered the benchmark interest rate from 4.5% to 4.25%, allowing businesses in the Middle East to optimize their capital allocation [3] Group 3 - The Nasdaq Golden Dragon China Index rose by 2.82%, with Hesai Technology increasing by over 12%, indicating strong capital interest in Chinese tech companies like Baidu and Alibaba, which will benefit their supply chain partners [4] - Spot gold has surpassed $4,140 per ounce, and WTI crude oil has risen above $59 per barrel, providing profit opportunities for energy and precious metals companies [4] Group 4 - The European Central Bank has warned about the risks of stablecoins diverting retail deposits in the Eurozone, urging companies involved in crypto assets to manage compliance costs [5] - The U.S. pressured the EU to amend digital regulations in exchange for lowering steel and aluminum tariffs, which was rejected, creating tariff volatility risks for related import-export businesses [6] - Bitcoin has surpassed $89,000, and Thailand's Bitkub plans to raise $200 million through a Hong Kong IPO in 2026, highlighting opportunities in the Hong Kong digital asset hub [6]

香港特别行政区政府投资推广署署长刘凯旋表示："香港一直是内地企业开往世界的母港，我们会继续 发挥带领内地企业走向国际的导航角色，透过内地企业出海专班平台，为连连数字及其他有意借香港扬 帆出海的企业提供一站式支持，协助内地企业'走出去'。" 连连数字董事长兼执行董事章征宇表示：依托香港总部，连连将聚焦以下三大战略方向：第一，打造区 块链技术与人工智能双核之力，重塑跨境支付新范式。第二，深化科技合规双支柱，做监管可信的数字 基建者。连连将严格遵循监管框架，并将自身在反洗钱、数据隐私与跨境资金管理方面的科技合规系统 进一步产品化，旨在为行业提供可复用的合规科技服务，助力香港构建"既创新又稳健"的金融科技生 态。同时，将以现有成熟支付网络为根基，持续夯实全球客户全链路服务能力，筑牢业务基本盘；并携 手监管机构与业界伙伴，共同探索数字资产、智能合约在跨境贸易中的创新应用场景。第三，以"全球 协同"为路径，增强技术创新拼图。将积极联合香港及国际顶尖的科技企业、学术机构与投资伙伴，通 过技术并购、联合研发与生态共建等多种形式，快速引入区块链、AI等前沿能力，持续增强公司在跨 境支付与数字金融生态中的技术壁垒，为业务创新与发 ...

Core Insights - UBS Group and Ant International have entered into a strategic partnership to explore blockchain-based tokenized currency innovations to support Ant International's global payment settlement and liquidity management [1] Group 1: Strategic Partnership - The memorandum of understanding (MoU) was signed at UBS's flagship office in Singapore [1] - Ant International will utilize UBS Digital Cash, a blockchain payment platform set to pilot in 2024, to enhance its global treasury management [1] Group 2: Payment Solutions - The collaboration aims to improve settlement efficiency, transparency, and security in payment processes [1] - UBS will leverage this technology to optimize cross-border payment solutions for its clients [1] Group 3: Innovation in Tokenized Currency - Both parties will explore innovations in the field of tokenized currency [1] - The solutions will integrate Ant's self-developed blockchain real-time cross-border fund management platform, Whale, to enable real-time multi-currency fund transfers among Ant International's entities [1] - This initiative aims to overcome traditional payment cut-off time limitations and enhance global liquidity management's transparency and flexibility [1]

Group 1: Cross-Border Payment - The forum highlighted the importance of efficient, low-cost, and compliant cross-border payment as a key link in connecting the global economy, as stated by the chairman of Youlun Group, Li Peilun [1] - The current payment industry is at a transformative crossroads, facing challenges related to business transformation and compliance across different economies, as noted by Zhou Ye, CEO of Huifu [1][2] - Shanghai Pudong Development Bank is optimizing cross-border payment services by promoting payment facilitation through FT accounts, launching "Cross-Border Instant Remittance" products, and enhancing small-value high-frequency settlement for cross-border e-commerce [2] Group 2: Wealth Management - The digital asset market is undergoing a critical transition from disorderly growth to standardization, with underlying technologies like smart contracts reshaping the wealth management industry, according to Li Peilun [2] - Trends in wealth management include increased personalization, diversification of asset classes, and a focus on digital transformation, with AI playing a crucial role in client behavior analysis and market forecasting [2] Group 3: Alternative Assets - The value potential of alternative assets, such as art, was discussed, highlighting their low correlation with traditional financial assets and their ability to maintain stability during market fluctuations, as mentioned by Huang Wenrui, a professor at Fudan University [3] - High-end art pieces have shown long-term returns that exceed various traditional assets, making them important tools for high-net-worth individuals in risk diversification and wealth management [3] Group 4: Artificial Intelligence - AI is recognized as a major driver of growth for enterprises in the next 10-20 years, with deep integration of AI and industries leading to true digital upgrades and global development [3] - Large language models are transforming finance and industries by processing vast amounts of data and providing personalized investment advice, enhancing financial decision-making [3] Group 5: Industry Collaboration - The establishment of the "Global Cross-Border Digital Payment Ecosystem Alliance" aims to promote the collaborative development of cross-border payment technologies and financial infrastructure, involving 13 initial member organizations [4] - The alliance focuses on diversifying payment networks, exploring compliance and sustainable development in cross-border payments, and building an international cooperation platform [4]

近日,作为亚洲金融科技领域的年度盛事,备受瞩目的香港金融科技周2025于中国香港盛大开幕。 港股上市公司连连数字旗下的核心品牌连连国际(LianLian Global)作为本届香港金融科技周的金牌赞助 商和跨境支付行业的杰出代表应邀参展,向世界展示连连在全球支付领域的解决方案与独具创新的产 品。 同时,在展会现场迎来重磅合作,连连国际与PAYS0正式官宣达成合作。双方将携手为全球金融服务带来 全新变革。连连国际CEO沈恩光(Tim Shen)、连连国际中国香港负责人冯美珊(Michele Fung)、Payso董 事Timothy Francis Tangkusan Yee等出席签约仪式,共同见证了这一具有里程碑意义的时刻 。 根据合作协议,双方致力于为菲律宾海外务工人员提供全新的跨境汇款体验,即依托连连的全球支付网络 和PAYS0的钱包服务,携手助力菲律宾海外务工人员轻松汇款至菲律宾,实现无缝、安全、高效、低成本 的国际转账。 在全球经济一体化的背景下,跨境汇款成为留学生、务工人员、跨国企业等的资金纽带。以菲律宾(全球 主要劳务输出国之一)为例,根据菲律宾中央银行发布的数据显示 ,2024年菲律宾海外劳工汇 ...

Core Insights - The Hangzhou Free Trade Zone has achieved significant milestones in the past five years, becoming a national leader in various sectors, including digital trade and artificial intelligence [2][4][5] Group 1: Economic Achievements - Seven companies in the artificial intelligence sector have surpassed 10 billion yuan in revenue, positioning Hangzhou as the second in national computing power levels [1] - The cross-border e-commerce exports reached 38.74 billion yuan in the first half of 2025, contributing to a 12.5% increase in overall city exports [1] - The digital security market holds the largest global market share, while cloud computing and e-commerce platform transaction volumes rank first in the Asia-Pacific and nationwide, respectively [1] Group 2: Policy and Regulatory Innovations - The Hangzhou Free Trade Zone has introduced over 170 innovative measures, including more than 20 national firsts, such as the knowledge property pledge financing model [2][3] - The region has established the first local digital trade regulations in China, promoting a negative list for cross-border data flow in e-commerce [3] - A unique international cargo station has been launched, along with a pilot program for recognizing high-skilled foreign talent [3] Group 3: Future Directions - The Hangzhou Free Trade Zone aims to enhance its digital trade ecosystem by fostering new business models in cross-border e-commerce and digital services [5][6] - The focus will be on deepening investment liberalization reforms and creating a market-oriented, legal, and international business environment [5] - The zone plans to strengthen the integration of innovation and industry chains, leveraging digital technology for the transformation of traditional industries [5]

消息面上，据财经时报报道，近日，在第八届中国国际进博会上，连连数字旗下品牌连连国际携一站式 全球跨境资金解决方案重磅亮相，为外贸进出口高质量发展带来新思路。为破解海外商家采购中国商品 时的难点，连连国际与LooperBuy和1688.com牵手合作，借助连连的全球支付网络，帮助LooperBuy实 现了其平台海外商户从中国采购商品时以外币原币种支付供应商采购货款的目标，赋能全球商家高效、 便捷地从中国采购。 连连数字(02598)涨近5%，截至发稿，涨4.33%，报8.43港元，成交额2090.86万港元。 据介绍，连连国际携手合作伙伴推出的全球商品寻源采购解决方案面向多种客群的采购需求，包括海外 电商平台自营采购、电商平台卖家、一件代发卖家、需要采购中国商品的海外线下实体店卖家，并提供 涵盖从商品寻源、下单采购、外币支付、订单同步、到物流配送及售后支持的全流程服务，全方位解决 海外商家B2B寻源痛点。 ...

Core Viewpoint - LianLian Digital (02598) has seen a nearly 5% increase in stock price, currently trading at 8.43 HKD, with a transaction volume of 20.91 million HKD, following its significant presence at the 8th China International Import Expo, showcasing its global cross-border payment solutions [1] Group 1: Company Developments - LianLian International, a brand under LianLian Digital, introduced a one-stop global cross-border funding solution aimed at enhancing the quality of foreign trade and import-export development [1] - The collaboration with LooperBuy and 1688.com allows overseas merchants to pay suppliers in their local currency when purchasing Chinese goods, leveraging LianLian's global payment network [1] - The global sourcing procurement solution targets various customer segments, including overseas e-commerce platforms, sellers, and physical stores needing to source Chinese products, providing comprehensive services from sourcing to logistics and after-sales support [1]

Core Insights - The eighth China International Import Expo highlights the dual concept of "buying globally" and "selling globally," indicating a transformative phase in China's outbound trade [1] - The scale of the expo reached new heights, attracting 4,108 foreign enterprises from 155 countries and regions, emphasizing the need for Chinese brands to shift from large-scale expansion to high-quality, localized operations [1] - There is a growing demand for cross-border financial infrastructure, evolving from mere payment tools to comprehensive growth partners that support fund management, compliance, and localized operations [1] Challenges in High-Quality Outbound Expansion - Chinese enterprises face significant strategic transformation challenges, with 46% of global SMEs having international attributes and 72% viewing cross-border expansion as a core growth path [2] - Key challenges include lengthy cross-border settlement cycles, complex fee structures, and high management costs associated with traditional financial infrastructures [2] - Compliance issues arise due to varying market regulations, which can lead to fund freezes or market entry bans for SMEs lacking professional support [2] - The need for deep localization in operations is critical, requiring an understanding of local payment habits and cultural differences to establish sustainable operational systems [2] Company Initiatives and Solutions - The company aims to create a "one-stop financial stack" service system that integrates global networks, local engagement, and ecosystem collaboration [3] - It has developed a comprehensive solution covering the entire cross-border payment process, including e-commerce platform payments, supply chain payments, fund management, and compliance support [3] - The company has established a service network covering over 190 countries and regions, collaborating with nearly 100 banks and payment institutions to extend its service reach [3] Building Brand Trust - Compliance is a critical entry barrier for enterprises venturing abroad, and the company has obtained over 50 compliance qualifications globally, ensuring lower-cost access to compliance capabilities for SMEs [4] - The company employs machine learning to enhance risk management, creating a fraud detection system that monitors and analyzes transaction behaviors in real-time [4] - Collaborations with banks on blockchain projects further strengthen the security framework, enabling real-time management of vast transaction data [4] Dual-Driven Approach to Enhance Security - The company aims to help sellers navigate the evolving global trade environment by building a global payment network that leverages scale effects [5] - It emphasizes deep market penetration through data insights, ecosystem collaboration, and compliance adaptation, allowing Chinese enterprises to thrive in local economies [5] Strategic Implementation of Global and Local Synergy - The company utilizes data analysis to provide precise strategic guidance, transforming macro market trends into specific product strategies and brand communication plans [6] - The "Olive Branch Program" facilitates rapid market entry for enterprises through partnerships with over 40 mainstream e-commerce platforms [6] - A dedicated team in China understands the outbound needs and challenges of Chinese enterprises, supporting their transition from "going out" to "going in" [6] Comprehensive Globalization Strategy - The company's recognition of the need for speed and stability in globalization drives its continuous improvement of financial infrastructure, security compliance, and localized operations [7]

Core Insights - The global cross-border e-commerce market is expanding, with a steady increase in the share of goods trade, and China remains a dominant player in the global cross-border e-commerce landscape, reinforcing an export-oriented structure [1][11][17]. - The global cross-border payment market has entered an era characterized by real-time payments, stablecoins, and digital currencies, with a steady market expansion driven by small, high-frequency transactions [1][26]. - The value of cross-border third-party payment services is becoming increasingly prominent, particularly in China's rapidly growing cross-border export third-party collection service market [1][33]. Global Cross-Border Trade Market Data - From 2020 to 2024, global import and export trade is expected to achieve an average annual compound growth rate of approximately 8%, reflecting strong industrial resilience and policy regulation capabilities [7]. - The service trade is showing stronger growth compared to goods trade, indicating a shift in global industrial structure towards digital services and financial technology [2][7]. China Cross-Border Trade Market Scale - China's goods and services import and export trade is projected to maintain an average annual growth rate of about 8% from 2020 to 2024, with a stable global trade share of around 11% [7]. - The diversification of export markets is evident, with significant growth in Asia, Europe, and emerging markets like Latin America and Africa, driven by initiatives like the Belt and Road [7][17]. Global Cross-Border E-Commerce Market Data - The global cross-border e-commerce market is expected to grow at a compound annual growth rate of 17% from 2020 to 2024, despite challenges from the pandemic and geopolitical uncertainties [11]. - Cross-border e-commerce is increasingly driving the digital transformation of traditional trade, with a rising share in global goods import and export [11][17]. Global Cross-Border Payment Market Size and Forecast - The global cross-border payment market is projected to grow from approximately $141.1 trillion to nearly $194.6 trillion from 2020 to 2024, with personal cross-border payments experiencing rapid growth [26]. - The core growth drivers for cross-border payments will shift towards meeting diverse consumer needs for small, high-frequency payments [26]. Value of Cross-Border Third-Party Payment Services - Cross-border third-party payment service providers are gaining prominence due to their advantages in operational experience, transaction speed, currency support, and value-added services compared to traditional channels [28][29]. - The market for cross-border third-party collection services is expected to grow significantly, driven by the diversification of trade participants and the increasing complexity of overseas local settlement methods [33][36]. Competitive Landscape of Cross-Border Third-Party Payment Services - The market for cross-border third-party payment services is showing significant concentration, with leading firms expanding their competitive advantages through global service networks and regulatory compliance [38]. - The ability to provide flexible, modular payment solutions and deep integration with specific business processes is becoming a key competitive barrier for payment service providers [39][40]. Emerging Market Opportunities and Risks - The expansion of China's cross-border e-commerce into emerging markets such as Southeast Asia, Latin America, and Africa presents both opportunities and challenges, requiring enhanced local payment capabilities [47][51]. - Key countries to focus on include Singapore, Indonesia, Thailand, Brazil, Mexico, Saudi Arabia, UAE, Nigeria, and South Africa, each with unique market dynamics and payment preferences [49][51].