Group 1 - Notified and Futu are co-hosting an exclusive investor relations forum on September 17, 2025, featuring executives from publicly listed companies in China, Hong Kong, and the United States [1] - Eric Liu, Senior Director of Notified Greater China, will deliver a keynote speech on the latest trends and best practices in investor relations communication, including global investor outreach and the application of artificial intelligence [1] - Futu is a leading fintech company providing comprehensive digital financial services, including ESOP solutions, IPO distribution, and investor relations services, establishing itself as a preferred partner for many well-known enterprises [1][4] Group 2 - Notified is a technology partner focused on serving investor relations and public relations professionals, offering an integrated platform for media outreach, press release distribution, and investor management [3] - Futu Holdings Limited, listed on NASDAQ as FUTU, holds over 100 licenses across multiple markets, including the US, Hong Kong, Canada, Singapore, Japan, Malaysia, and Australia [4]

Core Insights - The "Future Banking Conference 2025" hosted by New Hope Financial Technology focused on key issues in the banking industry such as net interest margin, risk management, interbank competition, and digital transformation, attracting over 600 executives from more than 200 banks nationwide [1] Group 1: Retail Credit Risk Management - New Hope Financial Technology's CEO, Xu Zhihua, emphasized that retail credit does not exist in a "zero-risk" state but rather has characteristics of "small amounts, dispersion, and allowance for a certain level of risk" [1][2] - Xu's observations are based on the 1.2 trillion yuan in loans facilitated by New Hope Financial Technology, primarily consisting of small loans of 10,000, 20,000, and 30,000 yuan [2] - A mathematical model presented by Xu identified three key characteristics of retail credit risk: asset distribution shows a left-skewed distribution of approved customers, bad debts spread linearly from low to high-risk customers, and a stable inverse relationship between final bad debt rates and model scores [2][3] Group 2: Risk Release Characteristics - Xu noted that the risk release of retail credit assets is inherently "non-uniform," with a rapid increase in risk typically occurring between 18 to 24 months after business initiation [3] - Many banks have historically paused operations during this critical phase due to rising risk indicators, potentially missing out on development opportunities [3] Group 3: Long-term Strategy and Profitability - A simulation of a single batch of credit assets revealed that in certain pricing and risk scenarios, losses could occur in the third year, leading to a potential short-term focus that could overlook long-term strategic value [3][4] - Continuous lending and borrowing processes over a 10-year period showed that net yield curves fluctuate in the first few years but stabilize later, highlighting the importance of maintaining business development for long-term profitability [4] - Xu likened the management of retail credit to riding a bicycle, where initial instability gives way to steady progress once momentum is achieved, underscoring the need for a long-term, stable development strategy [4]

作为金融科技领域的创新实践者，宜享花积极响应国家关于金融支持消费的政策导向，以科技赋能普惠金融，依 托智能风控与场景化服务精准连接小微群体与金融机构，有效降低融资门槛、提升服务效率，在筑牢安全合规底 线的同时，持续激活消费市场活力，助力实体经济高质量发展。 宜人智科旗下宜享花平台始终将合规运营视为发展基石，严格遵守《网络安全法》《数据安全法》及《个人信息 保护法》等法律法规，将监管要求深度融入业务流程，构建了覆盖全链条的个人信息保护体系。在风控方面，平 台依托人工智能与大数据的智能风控及反欺诈系统持续升级，自主研发的"Hawkeye反欺诈管理系统"有效防控风 险，自有黑名单规模已超600万，累计拦截欺诈申请超50万次，阻断黑产攻击近4.2万次。通过人工复核高风险申 请超4100次，成功锁定违规代理43家，挖掘黑产线索1872条，坚实筑牢安全防线。 宜享花在提供高效金融科技服务的同时，始终将用户信息安全与网络安全置于首位。平台建立了专业的数据合规 与安全团队，构建了网络信息安全风险的三道防线体系。今年3月，宜享花发布《消费者权益保护2024年度报 告》，建立六大消保评审维度，对涉及消费者权益的内容开展消保审查， ...

Core Insights - The financial sector is identified as the most valuable testing ground for artificial intelligence (AI) technology, with a significant evolution from auxiliary roles to core decision-making processes [1] - The Chinese government has initiated actions to promote the application of AI across various sectors, including finance, emphasizing the integration of advanced technologies like big data and blockchain to enhance risk control and product design [1][2] - Platform companies are transitioning from single technology outputs to collaborative ecosystems, significantly lowering barriers between financial institutions and tech companies [2][3] Group 1 - Financial intelligent agents are evolving to autonomously handle complex processes such as data filtering and risk assessment, addressing the challenges of deploying large models in practical scenarios [3][4] - The collaboration between tech platforms and financial institutions is fostering a new governance model that emphasizes shared risks and values, focusing on key issues like financial data security and inclusive finance [3] - Companies like JD Technology and Tencent Cloud are leveraging AI to improve credit assessment models and enhance customer service through intelligent platforms [2] Group 2 - The core value of intelligent agents lies in their ability to replace certain human functions, transforming the application logic of AI from simple assistance to more complex, human-like workflows [4] - The future of AI applications in finance is expected to show a trend of deeper specialization and collaborative coexistence, with platform companies enhancing their technical capabilities and vertical service providers focusing on specific financial sectors [4] - The integration of AI technology with specific banking operations is seen as a way to extract actual business value, with some companies aiming to create generalized intelligent agent platforms for broader industry applications [4]

According to their latest 13F filings, institutional investors made a series of notable moves in Fiserv Inc. (FI), reflecting ongoing interest in the financial technology leader. Known for its payment processing, digital banking solutions, and broad fintech footprint, FI continues to attract a diverse range of hedge funds and asset managers positioning for long-term growth.Let’s examine some of the most notable changes:Baupost Group LLC/MA (Seth Klarman)Shares: 895,000Change: New PositionValue: $0.15BSeth K ...

Group 1 - The company, Hailian Jinhui (002537), announced on the evening of September 15 that there are no overdue external guarantees [1]

Group 1 - The 2025 Inclusion·Bund Conference hosted its first "Global Theme Day," bringing together major fintech events from Singapore and Hong Kong to discuss the development paths of fintech in Asia and globally [1] - Key discussions emphasized the deep integration of technology and industry, robust innovation under regulatory compliance, and collaborative win-win strategies as core consensus for high-quality fintech development [1][2] - The focus in the AI sector has shifted from technical potential to application benefits, with numerous practical cases shared on enhancing financial service efficiency, strengthening risk control, and optimizing business decisions [1] Group 2 - The conference highlighted the importance of balancing innovation incentives with risk prevention, with discussions on the development trends and regulatory frameworks for tokenized products in Hong Kong [2] - The Hong Kong government aims to create a conducive environment for digital asset development by optimizing legal and regulatory frameworks, as outlined in the "Hong Kong Digital Asset Development Policy Declaration 2.0" [2] - A McKinsey report indicated that Asia is a vibrant corridor for global trade growth, with 18 out of the 20 fastest-growing trade corridors located in Asia, prompting discussions on deepening cooperation in finance, technology, and innovation across the region [2] Group 3 - The CEO of Global Finance & Technology Network (GFTN) identified four characteristics of the emerging Asian market: a large and fast-paced market culture open to new technologies, youth-driven innovation, traditional industry leaders seeking digital transformation, and a strong regulatory focus on inclusivity and consumer protection [3] - The conference maintained a high level of international participation, featuring 62 international guests from 15 countries and regions, reinforcing Shanghai's role as a global financial and tech innovation center [5]

Group 1 - The company, Jingbeifang (002987), reported that as of September 10, 2025, the number of shareholders is 107,560, including margin accounts [1]

Core Insights - The visit by 30 overseas bankers from 13 countries to Lexin's headquarters in Shenzhen highlighted the global interest in China's AI technology capabilities [2][3] - Lexin's "Composite Intelligent Agent Matrix" received significant attention for its ability to autonomously handle complex, multi-task operations, positioning the company as a leader in the industry [2] - Lexin's rapid overseas business expansion, particularly in Mexico and Indonesia, was emphasized, with plans for further international growth to provide accessible financial services [2] Group 1 - The visit was organized by "The Asian Banker" magazine, focusing on exploring leading Chinese AI technology companies, including Lexin, Huawei, Douyin, and Ant Group [2] - Lexin's AI innovation and business model were well-received, with overseas bankers expressing interest in potential future collaborations [3] - Lexin has been recognized for its technological innovation, winning annual awards from "The Asian Banker" for seven consecutive years and being listed among China's top service enterprises [3] Group 2 - Lexin aims to increase R&D investment, focusing on the integration of AI and digital finance to empower its business and promote overseas development [3]

Core Insights - Ant Group and Zhejiang Commercial Bank signed a strategic cooperation agreement to enhance collaboration in various financial technology areas, including AI, microservices, and financial services [1] - The partnership aims to integrate AI technology into banking processes, transforming business models and service offerings [1] - Ant Group's digital solutions are actively participating in industry upgrades, providing comprehensive AI solutions to numerous financial institutions [1] Group 1: Strategic Cooperation - Ant Group and Zhejiang Commercial Bank will work together in financial technology, AI applications, and various financial services [1] - The collaboration focuses on building a smart financial ecosystem through joint efforts in AI and technology [1] Group 2: AI Integration - Zhejiang Commercial Bank plans to embed AI technology into core banking processes, enhancing customer service and risk management [1] - Ant Group emphasizes its "AI First" strategy to explore innovative applications of AI technology in the financial sector [1] Group 3: Market Reach - Ant Group's AI business has served 100% of state-owned banks and over 60% of city commercial banks in China [1] - The company provides a full-stack solution from industry models to AI platforms for hundreds of financial institutions [1]