Core Viewpoint - In the digital economy era, data has become a crucial production factor, especially in the financial sector, where secure and efficient data circulation and utilization are key to driving digital transformation [1] Group 1: Financial Trustworthy Data Space - Shandong Lianxin Digital Technology Co., Ltd. has developed a financial trustworthy data space centered around the "Rongyitong" platform, aiming to inject new momentum into regional financial services [1] - The company has established a "1+3+N" architecture for the trustworthy data space, where "1" refers to a financial big data hub platform, "3" represents three core capabilities: trustworthy control, resource interaction, and value co-creation, and "N" covers various financial scenarios such as credit risk control and regulatory technology [1] Group 2: Technological Integration - The company utilizes cutting-edge technologies such as privacy computing, blockchain, and artificial intelligence to create a comprehensive technical system covering data collection, governance, circulation, and application, ensuring data is "available but not visible, traceable and auditable" [1] - Privacy computing enables data circulation without leaving the domain, ensuring data security and privacy compliance from the source [2] - Blockchain technology establishes a trustworthy circulation chain by providing full-process evidence for data authorization, access, and usage, creating an immutable log that supports clear data ownership and controllable circulation [3] Group 3: Data Governance and Resource Management - The company has built a high-quality resource library encompassing 701 data items and 1.671 billion data records, breaking down data silos through unified identity authentication and resource directory [4] - The "Rongyitong" platform has achieved significant results, including supporting 59,179 loans totaling 86.371 billion yuan for small and micro enterprises and providing credit evaluation services for 1.5 million market entities [5] Group 4: Future Development and Expansion - The company employs a "government-led + market-oriented operation" mechanism to ensure compliant use of public data while achieving sustainable development through data services and model development [5] - As one of the first data open innovation application laboratories in Shandong Province, the company aims to promote the trustworthy data space model to more regions and scenarios, focusing on applications in industrial finance, rural finance, and green finance [5] - By integrating technological capabilities with practical scenarios, the company is becoming a key driver in the construction of trustworthy financial data spaces, supporting the market-oriented allocation of data elements and the high-quality development of digital finance [5]

Core Viewpoint - The computer sector is experiencing significant improvement in profitability, with a strong performance in the financial technology sub-sector driven by policy support and technological advancements [1][2][3]. Group 1: Overall Performance - In H1 2025, the total revenue of the computer sector reached 612.04 billion yuan, marking a year-on-year growth of 10.89%. In Q2 2025, revenue was 330 billion yuan, with a year-on-year increase of 7.49% and a quarter-on-quarter increase of 16.99% [2]. - The net profit attributable to shareholders in H1 2025 was 12.827 billion yuan, reflecting a year-on-year growth of 41.94%. In Q2 2025, net profit was 10.498 billion yuan, with a year-on-year increase of 20.02% and a significant improvement compared to Q1 2025 [2]. Group 2: Financial Technology Sector - The investment value of the financial technology sector is driven by the resonance of policy dividends and technological empowerment. Focus should be on policy-sensitive and technology-leading companies [3]. - In H1 2025, the financial IT sector achieved strong growth due to the deepening of financial technology policies and the implementation of AI technologies. Policies such as "Opinions on Strengthening Regulation and Risk Prevention" have begun to show effects, leading to increased technological investments by financial institutions [3]. - AI is a core driver in the financial technology sector, with applications in smart investment advisory, big data risk control, and automated operations significantly enhancing product value and customer loyalty [3]. Group 3: Financial Technology ETF Performance - The financial technology ETF (Huaxia, 516100) has seen a net asset value increase of 184.77% over the past year, ranking second in the market, with the latest scale reaching 1.6 billion yuan [5][6]. - Despite some adjustments after June 2025, the financial technology ETF continues to attract significant capital inflows, indicating ongoing investor interest [5][6]. Group 4: Company Performance Highlights - Various companies in the financial technology sector have reported strong mid-year results, with notable performances from firms like Yuxin Technology, Dongfang Fortune, and Gaoweida [4].

Core Insights - Dongxing Securities has made a significant move in the AI sector by signing a strategic cooperation agreement with Hang Seng Electronics to explore intelligent upgrades in the securities industry [1] Group 1: Strategic Partnership - The partnership will focus on the research and application of core technologies related to large models over a three-year period [1] - Dongxing Securities aims to leverage Hang Seng Electronics' experience in financial vertical large model technology, particularly the "Photon Series" full-stack solutions [1] Group 2: Areas of Collaboration - The collaboration will establish joint research and long-term synergy mechanisms in areas such as intelligent investment research, intelligent investment advisory, intelligent risk control, and intelligent Q&A [1] - This strategic cooperation signifies a solid step for Dongxing Securities in advancing financial technology and promoting business intelligence transformation [1]

受合作消息推动，英伟达股价周一收盘上涨近4%，创历史新高，公司总市值接近4.5万亿美元。合作也带动科技板块整体走强，苹果股价上涨超4%，甲骨文 涨逾6%，纳斯达克指数收高0.7%。 当地时间9月22日，英伟达与Open AI共同宣布达成深度合作，内容包括共建大规模数据中心及最高达1000亿美元的战略投资。此举成为英伟达史上最大规模 投资承诺，强化人工智能基础设施能力。 据悉，英伟达近期在金融领域动作频频，以AI技术重构金融服务基建。2025年6月，其与英国金融行为监管局合作推出"超级沙盒"计划，为金融机构提供安 全环境测试AI工具，加速创新落地。 软件层面，8月发布的AI Blueprint欺诈检测方案，通过图神经网络技术降低50%误报率，美国运通等企业已部署实时反欺诈系统。此外，与Stripe合作强化支 付安全，为摩根大通定制金融AI模型，并探索区块链分析与数字货币钱包安全方案，从算力供给到场景落地构建金融科技生态闭环。 ...

Core Insights - The technology sector, particularly financial technology, experienced a significant decline on September 23, with the financial technology ETF Huaxia (516100) dropping by 4.55% [3] - Despite the recent downturn, the Huaxia financial technology ETF has seen a net inflow of 480 million yuan over the past five days, reaching a total size of 1.67 billion yuan, marking a one-year high [3] - The Huaxia financial technology ETF has achieved a remarkable one-year net value increase of 141.48%, ranking first among comparable funds [3] Financial Performance - The top ten weighted stocks in the Huaxia financial technology ETF, which closely tracks the CSI Financial Technology Theme Index, account for 54.08% of the index [3] - The individual performances of the top stocks include: - Dongfang Caifu: -3.79% (9.23% weight) - Tonghuashun: -4.12% (8.50% weight) - Hengsheng Electronics: -4.82% (7.31% weight) - Runhe Software: -4.68% (5.87% weight) - Zhinan Zhen: -4.64% (4.21% weight) - Newland: -5.68% (3.38% weight) - Donghua Software: +6.00% (3.12% weight) - Sifang Jichuang: -5.27% (3.11% weight) - Yinzhijie: -6.53% (2.71% weight) - Lakala: -4.05% (2.67% weight) [5]

Core Viewpoint - The financial technology sector is experiencing a downturn, with the China Securities Financial Technology Theme Index down by 3.60% as of September 23, 2025, indicating a challenging market environment for related stocks and ETFs [3]. Market Performance - The China Securities Financial Technology Theme Index has seen significant declines in key stocks, with Zhongke Jincai down 6.64%, Xinan Century down 6.51%, and Hengbao Co. down 5.87% [3]. - The Financial Technology ETF (516860) has decreased by 3.75%, with a latest price of 1.54 yuan, although it has shown a slight increase of 0.57% over the past week [3]. - The trading volume for the Financial Technology ETF was 2.05 billion yuan, with a turnover rate of 8.01% [3]. Investment Trends - Huawei announced at the 2025 All-Connect Conference that the number of HarmonyOS5 terminal devices has surpassed 17 million, launching the "Tiangong Plan" with an investment of 1 billion yuan to support the Harmony AI ecosystem [3]. - The State Council has issued guidelines to promote high-quality development in digital finance, emphasizing the importance of electronic signature technology in the financial sector [3]. AI and Financial Technology - Institutions note that the AI application ecosystem is becoming more robust, with rapid penetration of large model technologies in finance, healthcare, and education, exceeding market expectations for commercialization [4]. - Dongwu Securities highlights that the current fundamentals and valuations in the sector are low, presenting significant investment value, especially with ongoing policy support and economic stabilization [4]. ETF Growth and Performance - The Financial Technology ETF has seen a growth of 509 million yuan in scale over the past two weeks, ranking second among comparable funds [4]. - The latest share count for the Financial Technology ETF reached 1.652 billion shares, marking a one-year high and also ranking second among comparable funds [4]. - Recent net inflows into the Financial Technology ETF totaled 11.1 million yuan, with a consistent trend of net inflows over the past five trading days, averaging 53.9 million yuan per day [4]. Index Composition - The China Securities Financial Technology Theme Index includes major stocks such as Tonghuashun, Dongfang Caifu, and Hengsheng Electronics, with the top ten stocks accounting for 54.08% of the index [5].

Group 1 - The financial technology sector is experiencing a significant decline, with the China Securities Financial Technology Theme Index dropping by 4%, and many constituent stocks falling over 5% [1] - The financial technology ETF (159851) has seen its price drop by over 4%, trading volume exceeding 700 million yuan, with nearly 20 million shares being net subscribed in real-time [1][2] - The decline is attributed to stricter regulations on stablecoins and tightening oversight on cross-border internet brokerages, impacting companies like Futu Securities and Tiger Brokers [2][3] Group 2 - A long-term perspective indicates that the A-share market is entering a liquidity boom, with trading volumes consistently exceeding 2 trillion yuan [3] - Foreign and long-term institutional capital is flowing into the market, and there is a notable trend of domestic savings being redirected [3] - The financial technology sector is expected to benefit from improved liquidity, with internet brokerages' fundamentals anticipated to improve and financial IT demand gradually being released [3] Group 3 - The financial technology ETF (159851) and its associated funds are recommended for investment, covering various themes such as internet brokerages and AI applications [4] - As of September 17, the financial technology ETF has surpassed 10 billion yuan in size, with an average daily trading volume of over 1.4 billion yuan [4] - The ETF is noted for its leading liquidity among similar funds tracking the same index [4]

Group 1 - Financial technology stocks have weakened, with Yinzhijie falling over 5% and other companies like Hengsheng Electronics, Newland, Sifang Chuangxin, and Lakala dropping over 4% [1] - The ETFs tracking the CSI Financial Technology Theme Index have also declined, with a drop of over 3% [1] - The CSI Financial Technology Theme Index selects listed companies involved in financial technology products and services to reflect the overall performance of these securities [2] Group 2 - Institutions indicate that with policy support, a stable macro environment, and ongoing capital market reforms, the fundamentals of the financial industry are improving, which will gradually increase the revenue of financial IT companies [2] - Recent advancements in "revolutionary" stablecoins and the anticipation of significant financial policies being released are expected to create investment opportunities in the financial IT sector [2]

Group 1: Market Performance - On September 22, U.S. stock indices opened lower but closed higher, with all three major indices reaching new historical highs [2][4] - The Dow Jones, Nasdaq, and S&P 500 indices increased by 0.14%, 0.70%, and 0.44% respectively [2] - Nvidia's stock rose nearly 4%, closing at $183.61 per share, with a total market capitalization of $4.46 trillion [4] Group 2: Nvidia's Investment Plans - Nvidia plans to invest $100 billion in an artificial intelligence research center in collaboration with OpenAI, focusing on building large-scale data centers [1] Group 3: Commodity Market Trends - International gold prices surged, with COMEX gold futures and London spot gold prices increasing by 2.03% and 1.66% respectively [5] - The international oil prices experienced a slight decline, with light crude oil futures dropping to $62.64 per barrel, a decrease of 0.06% [7] - Analysts predict that the Federal Reserve's potential continued rate cuts may lead to increased gold ETF holdings globally [7]

It’s official: the long-awaited decision by the Federal Reserve (the Fed) is in. Interest rates have been cut, and the initial reaction from the market matter more than ever today.  The day after the announcement, the financial sector led the way higher in the S&P 500, which serves as the ultimate message for where the next leg of market upside may emerge. Robinhood Markets TodayHOODRobinhood Markets$125.18 +0.40 (+0.32%) 52-Week Range$22.05▼$126.64P/E Ratio63.52Price Target$101.88Add to WatchlistAt the ce ...