Why is Beijing paying attention to stablecoins now? The US Senate's passage of the GENIUS Act, which mandates fully backed dollar stablecoins, marks a turning point. If passed by the House, the Act would effectively transform USD-pegged stablecoins into synthetic dollars (currently accounting for 99% of the stablecoin market), hardwiring them into global payment rails and boosting demand for US Treasuries. In our view, this is not a challenge to dollar dominance – it's a reinforcement of it. Stablecoins are ...

ab 17 June 2025 Global Research India Economic Perspectives India and gold: all that glitters Gold price rally to continue UBS's Basic Materials team forecasts the gold price to rise to US$3,500 in 2026. We believe the case for gold has become more compelling in an environment of escalating tariff uncertainty, weak growth, high inflation and lingering geopolitical risks. As most of India's gold supply is imported (87%), higher global gold prices (although we expect softer gold volume demand) imply that Indi ...

Core Viewpoint - The launch of the "Seed Loan" product in Longgang District represents a significant innovation in financial services aimed at supporting seed-stage enterprises with high technological content and strong innovation capabilities [3][4]. Group 1: Product Overview - The "Seed Loan" product was developed through collaboration between the Shenzhen Municipal Finance Bureau, Shenzhen Credit, Longgang Financial Holdings, and WeBank, marking the first implementation of this initiative in the city [2][3]. - The product targets enterprises with high-level expert teams and core technologies but lacking qualifications and stable cash flow, addressing the financing challenges faced by these "two have, two have not" companies [4][6]. Group 2: Implementation and Impact - On the launch day, five seed-stage enterprises received a total of 1.7 million yuan in funding, showcasing the effective collaboration between policy innovation and financial services [2][4]. - The initiative is expected to provide nearly 1 billion yuan in funding support to approximately 1,000 "two have, two have not" enterprises within the year, facilitating the transformation of technological achievements into industrial applications [7]. Group 3: Risk Management and Selection Process - The selection of seed enterprises utilizes a multi-dimensional screening process based on models developed by Shenzhen Credit, which assesses the potential of approximately 2.6 million existing enterprises in Shenzhen [6]. - A multi-tiered risk-sharing mechanism has been established, allowing financial institutions to increase their risk tolerance and lending enthusiasm, thereby effectively matching financial resources with the urgent needs of seed-stage enterprises [6].

MONTREAL, June 20, 2025 (GLOBE NEWSWIRE) -- Senvest Capital Inc. (the “Corporation”) (TSX: SEC) is pleased to announce the voting results from its annual meeting of shareholders held on June 20, 2025 (the “Meeting”). Election of Directors The following six director nominees, proposed by management, were elected at the Meeting: Name of Nominee Votes For Percent Votes Against PercentVictor Mashaal 1,438,146 99.98% 246 0.02<td style="m ...

Core Viewpoint - The recent policies and initiatives from the Central Financial Committee aim to accelerate the construction of Shanghai as an international financial center, enhancing its competitiveness and global influence over the next five to ten years [2][4]. Group 1: Policy Initiatives - The Central Financial Committee issued an opinion outlining six major initiatives to support the development of Shanghai's international financial center, including deepening financial market construction and enhancing financial institution capabilities [2]. - Eight specific policy measures were announced by the People's Bank of China to be implemented in Shanghai, focusing on structural monetary policy innovations and enhancing financial services [6][7]. Group 2: Economic Performance - In 2024, Shanghai's financial sector is projected to achieve a value-added of 807.273 billion yuan, reflecting a year-on-year growth of 7.9%, and accounting for 15% of the city's GDP [4]. - The proportion of foreign financial institutions in Shanghai has reached 31.1%, with cross-border RMB settlement volume making up 47% of the national total, indicating a robust financial market [4]. Group 3: Global Positioning - Shanghai is positioned as a leading international financial center, with its stock exchange ranking third globally by market capitalization and its bond custody scale leading among global exchanges [8]. - The city is recognized for its significant trading volumes in various financial instruments, including being a leader in spot gold trading and having the highest trading volume for multiple commodity futures [8].

新产业 新技术 新模式 新动能 ——数智金融助力高质量发展 第14届中国（广州）国际金融交易 · 博览会 主旨会议 6月27日 期待您的到来！ 基本信息 会议时间 6月27日（星期五） 09:30-16:30 会议地点 广州·中国进出口商品交易会展馆A区二层4.2馆 主办单位 清华大学五道口金融学院 承办单位 北京清控金媒文化科技有限公司 广州金交会投资管理有限公司 报名参会 扫描二维码或点击文末"阅读原文"报名 论坛实行"预先实名登记"和"一人一码"原则，主办方于 6月26日（周四）12:00之前 ，审核报名信 息，审核通过后将发送确认短信， 请凭确认短信中的链接点击获取入场二维码 "一人一码"有序 入场。 请携带身份证原件备查，门票二维码严禁转让或给予他人使用。 会议议程 09:30 会议开始 主持人： 吴 荻 广东卫视主持人 09:30-10:00 开幕式 《清华金融评论》编辑部 ·主办方致辞 ·领导致辞 ·领导讲话 10:00-10:50 主旨演讲 欧阳卫民 中国金融学会副会长，广东省原副省长，国家开发银行原行长 王忠民 全国社保基金理事会原副理事长 10:50-11:20 高端对话 对话嘉宾： 欧阳 ...

青岛日报社/观海新闻6月20日讯 观海新闻记者自青岛证监局获悉，今年前5个月，青岛市各类市场主体在沪深交易所累计发行债券融资533.39 亿元，同比增长10%。新增公司债券加权平均利率2.66%，较2024年下降32个基点，较5年期以上LPR利率低84个基点，全市新增交易所债券发 行主体6家。 不仅仅是融资总量的提升和融资成本的下降，在有效助力科技创新、助力城投产业化转型、推动存量资产盘活等方面，交易所债券也发挥积极 作用。 赋能科技创新，服务新质生产力 科技创新是发展新质生产力的"牛鼻子"。为了支持科技创新，银行间债券市场和交易所债券市场推出科技创新债券。2021年沪深交易所启动科 技创新债券试点，2022年进入常态化发行。2025年5月7日，中国人民银行、中国证监会联合发布《关于支持发行科技创新债券有关事宜的公 告》，从扩大发行范围、丰富产品体系、完善配套支持机制等方面，对支持科技创新债券发行提出多项举措。紧随其后，上交所、深交所、北 交所、交易商协会等发布实施细则。 5月30日，山东融发腾达产业发展集团有限公司在交易所发行青岛首单高成长产业债暨新政后首单科技创新公司债券5亿元；6月3日，青岛融合 产业发 ...

近日，第八届世界闽商大会和第二十三届中国·海峡创新项目成果交易会在福州举行，兴业证券与 白兔集团、天图资本进行莆田市荔城白兔新消费并购股权投资基金项目签约。 据介绍，莆田市荔城白兔新消费并购股权投资基金由兴业证券发起设立，基金总规模10亿元，是 福建省首只（全国第三只）由产业资本控股，并与市区两级政府及国有企业深度合作成立的并购基 金。 来源：兴业证券 榜单： 「2025投资机构软实力排行榜」评选启动 峰会： 「2025母基金年度论坛」盛大启幕：汇聚中国力量！ 对接需求请扫码 每日｜荐读 热文： 一纸新规，炸出一级市场的管理费焦虑 热文： 今年，上市公司热衷做并购基金 ...

智通财经APP获悉，6月20日，香港政府统计处发布2025年第一季香港国际收支平衡及国际投资头寸的 初步统计数字，并一并发布同期的香港对外债务的初步统计数字。香港于2025年第一季录得854亿港元 的国际收支赤字（相当于本地生产总值的10.7%），而储备资产相应地减少同等数额。2024年第四季则 录得314亿港元的盈余（相当于本地生产总值的3.8%）。 经常账户 2025年第一季的经常账户录得1252亿港元盈余（相当于本地生产总值的15.7%），这反映香港储蓄多于 投资，令其累积对外金融资产（例如股本证券或债务证券），在环球金融波动时提供缓冲。与2024年第 一季的953亿港元经常账户盈余（相当于本地生产总值的12.4%）比较，盈余增加主要是由于初次收入 净流入和服务贸易盈余增加所致。 在2025年第一季季末，香港的对外金融资产和负债总值均处于很高的水平，分别为544851亿港元（相当 于本地生产总值的17.0倍）和375622亿港元（相当于本地生产总值的11.7倍），这是一个重要国际金融 中心常见的特点。 在2025年第一季季末，香港的对外金融资产净值（即资产扣除负债）达169229亿港元（相当于本地生产 ...

Financial Collaboration - Shanghai and Hong Kong signed the "Action Plan for Collaborative Development of International Financial Centers," focusing on 38 measures to enhance financial market connectivity and cross-border financial services innovation [1] - The plan prioritizes optimizing the Bond Connect and Swap Connect mechanisms, aiming to establish Shanghai and Hong Kong as global centers for RMB asset allocation and risk management [1] Macro Dynamics - The People's Bank of China announced the establishment of an interbank market trading report database to collect and analyze trading data across various financial sub-markets [2] - The China Securities Regulatory Commission emphasized strengthening the linkage between stocks and bonds to support technological innovation, promoting the development of technology innovation bonds and related financial products [3][4] Green Finance Initiatives - The People's Bank of China plans to pilot green foreign debt policies to encourage eligible enterprises to utilize foreign debt for green projects [6] Regional Financial Developments - The Ministry of Finance allocated a new local government debt limit of 2,334 billion yuan for Henan Province in 2025, with specific limits for general and special debts [8] - Shanghai plans to issue 68 billion yuan in special bonds for urban infrastructure projects [9] Financial Market Updates - The financial situation in Henan Province showed a loan balance of 92,521.6 billion yuan as of the end of May, reflecting a year-on-year growth of 6.5% [10] - The Hainan branch of the People's Bank of China is supporting local banks in issuing technology innovation financial bonds [12] Bond Issuance Activities - The Zhumadian Urban Construction Investment Group completed the issuance of 3.71 billion yuan in renewable corporate bonds with an interest rate of 2.57% [14] - The Henan Zhongyuan Expressway Company is in the process of registering a public bond issuance of up to 40 billion yuan [13] Market Sentiment - The market sentiment indicates a noticeable supportive attitude from the central bank, with discussions around the potential resumption of bond purchases and the inclusion of short-term government bonds in reserve requirements [19]