捷利交易宝(08017)发布公告，于2025年7月30日斥资268.9万港元回购股份200万股，每股回购价格为 1.33-1.35港元。 ...

在2025世界人工智能大会期间,金融智能化转型成为重要议题。与去年金融行业对大模型还处于探索阶 段不同,今年的关键词已转向"落地""可信""具身",人工智能与金融业务的深度融合进入实质推进阶段。 面对多元化的业务需求,金融科技企业正加速推动人工智能技术与金融业务深度融合,探索更具可行性的 转型路径。 7月28日,在2025年世界人工智能大会上海市工商联金融服务站企业路演活动中,金融壹账通首席架构师吴 磊发表主题为《基于智能体的金融RaaS服务新范式》的演讲。该模式基于业务经验与AI领域的积累与 实践,以"结果即服务"(Results as a Service, RaaS)为核心,强调按业务效果付费,由服务提供方承担系统建设 与技术更新责任,从而帮助客户减少前期投入与技术沉没成本,实现风险共担、收益共享。 近年来,随着AI大模型能力的持续跃迁,Manus等Agentic AI(规划型智能体)技术已具备自主规划与多智能 体协作能力,AI从"聊天工具"逐步演变为"数字劳动力"。在此背景下,金融壹账通构建了智能体为核心的 数字员工体系,并在部分外包运营项目中试点应用。 目前,该体系已全面部署于平安集团客服、销售、催收 ...

Core Viewpoint - iFAST Group reported a net profit of 41.1 million SGD for the first half of 2025, with expectations for continued growth in its Hong Kong operations in the second half [1] Financial Performance - The company's revenue for Q2 reached 12.02 million SGD, representing a year-on-year increase of 28.3% [1] - Net profit for Q2 was 22.1 million SGD, showing a year-on-year growth of 37.9% [1] - Assets Under Administration (AUA) grew by 5.9% to 27.2 billion SGD in the same quarter [1] - Customer deposits in the UK banking business increased by 25.8% quarter-on-quarter to 1.4 billion SGD [1] Business Outlook - iFAST's eMPF project in Hong Kong is entering an accelerated phase, with more trustees expected to come online in Q3 and Q4, driving quarterly profit growth [1] - The company has revised its full-year pre-tax profit guidance for its Hong Kong business from 500 million HKD to 380 million HKD, achieving approximately 43.1% of this target with 163.7 million HKD realized in the first half [1] - Galaxy International has raised its earnings per share forecast for iFAST for 2025 to 2027 by 2.6% to 4.1% and increased the target price from 7.70 SGD to 9.20 SGD, maintaining a "Buy" rating [1] - The projected compound annual growth rate for net profit over the next three years is expected to reach 27.8% due to the scale effects of the eMPF project and growth in the UK banking business [1]

随着8月1日中国香港《稳定币条例》正式实施进入倒计时，资本市场相关个股波动明显加大。 7月29日，港股稳定币概念股板块跌幅明显，连连数字、众安在线、OSL集团、中国光大控股等个股盘 中跌幅一度超过5%，但收盘后跌幅均已收窄，OSL集团翻红。 A股方面，恒生电子强势涨停，当日成交额接近60亿元，较前一交易日翻倍，四方精创、京北方、恒宝 股份等前期涨幅较大的个股在尾盘也迎来迅速拉升。 事实上，自5月底中国香港正式通过《稳定币条例草案》以来，不少与稳定币挂钩的个股涨幅较为明 显，甚至出现股价翻倍的现象。 在业内人士看来，当前稳定币概念虽火热，但仍处于早期布局阶段，多数企业尚无稳定币相关业务业绩 披露，市场主要是基于对未来的预期在炒作。此前，香港金管局总裁余伟文也发文，建议投资者在消化 市场所谓"利好"消息时保持冷静和独立思考。 恒生电子涨停，多只个股尾盘拉升翻红 7月29日，A股稳定币概念股再度活跃，恒生电子涨停，截至收盘报37.82元，成交额达59.78亿元，全天 换手率8.65%。6月以来，恒生电子累计涨幅达到44.27%。 7月8日，恒宝股份发布董事、副总裁减持计划实施完毕公告，该公司副总裁高强于7月7日通过 ...

Core Viewpoint - 瑞和数智 is transforming from a traditional IT service provider to a digital asset trading infrastructure builder, leveraging the Hong Kong regulatory environment and its 20 years of financial IT experience to capitalize on the digital asset market [1][6][15] Group 1: Company Background and Strategy - 瑞和数智 has over 20 years of experience in financial technology and is strategically investing 80 million HKD to enter the Web 3.0 and cryptocurrency sectors [2][6] - The company aims to upgrade traditional financial services through "on-chain" technology, transitioning from an IT supplier to a digital financial ecosystem builder [2][3] - 瑞和数智 has a strong competitive edge, being a national-level specialized small giant enterprise with numerous software copyrights and patents, and has been recognized as the top provider in the Chinese banking IT solutions market [2][3] Group 2: Technological and Human Resources - The company boasts a highly skilled core team, with 89% of its workforce being technical talent, many of whom have over 20 years of experience in big data and AI solutions [3] - 瑞和数智's deep industry understanding and established client relationships differentiate it from purely conceptual Web 3.0 companies [3] Group 3: Financial Position and Investments - 瑞和数智 completed a placement of 130 million shares at 0.301 HKD per share, raising 38.6 million HKD to optimize its capital structure [3] - The company has also made a strategic investment in Tokyo Central Auction, acquiring 15 million shares at 0.44 HKD each, with the current market price at 6.8 HKD, yielding a holding gain of nearly 90 million HKD [3] Group 4: Market Context and Regulatory Environment - The implementation of the Hong Kong Stablecoin Regulation is expected to create significant opportunities for digital asset development, with the Hong Kong Securities and Futures Commission issuing 11 virtual asset trading platform licenses by July 2025 [6][7] - The global stablecoin market is estimated at 240 billion USD, with projected trading volumes exceeding 20 trillion USD in 2024, indicating a growing demand for digital assets [7] Group 5: Valuation and Market Perception - 瑞和数智 is currently undervalued, with a market capitalization of 1.4 billion HKD, while comparable companies have significantly higher valuations [11][12] - The company's price-to-sales ratio is 3.45, the lowest among its peers, indicating a substantial valuation gap despite its competitive advantages [12][14] - Since announcing its strategic transformation, 瑞和数智's stock price has increased by nearly 32% in just four trading days, reflecting positive market sentiment [7][14] Group 6: Future Outlook - As the company transitions into a growth phase, it is well-positioned to benefit from the influx of capital into emerging markets and the increasing interest in digital assets [14][15] - 瑞和数智's strategic investments and partnerships, such as with OSL Group, are expected to accelerate its compliance and regulatory efforts in the digital asset space [7][15]

在2025世界人工智能大会期间，金融智能化转型成为重要议题。与去年金融行业对大模型还处于探索阶段不同，今年的关键词已转向"落 地""可信""具身"，人工智能与金融业务的深度融合进入实质推进阶段。面对多元化的业务需求，金融科技企业正加速推动人工智能技术 与金融业务深度融合，探索更具可行性的转型路径。 7月28日，在2025年世界人工智能大会上海市工商联金融服务站企业路演活动中，金融壹账通首席架构师吴磊发表主题为《基于智能体的 金融RaaS服务新范式》的演讲。该模式基于业务经验与AI领域的积累与实践，以"结果即服务"(Results as a Service，RaaS)为核心，强调 按业务效果付费，由服务提供方承担系统建设与技术更新责任，从而帮助客户减少前期投入与技术沉没成本，实现风险共担、收益共 享。 近年来，随着AI大模型能力的持续跃迁，Manus等Agentic AI(规划型智能体)技术已具备自主规划与多智能体协作能力，AI从"聊天工 具"逐步演变为"数字劳动力"。在此背景下，金融壹账通构建了智能体为核心的数字员工体系，并在部分外包运营项目中试点应用。 目前，该体系已全面部署于平安集团客服、销售、催收、质检 ...

Group 1 - Ant Group's AI health application AQ has launched a "Heavy Rain Health Service Zone" in response to continuous heavy rainfall in East China, North China, and Northeast China [1] - Users can access emergency medical treatment, high-risk infection prevention, and post-disaster disinfection information by clicking on the dedicated section in the AQ app [1]

在数字浪潮重塑全球金融格局的大背景下，市值仅14亿港元的瑞和数智(03680)正悄然蜕变。当市场还 在争论数字资产赛道的真实需求时，这家覆盖80%头部银行的金融科技老兵，已借力香港《稳定币条 例》合规通道，将8000万港元弹药精准投向加密货币、RWA等香港证监会许可资产。其战略升维的深 层逻辑在于：以20年金融IT根基为跳板，从系统供应商蜕变为数字资产交易底层架构的构建者——一场 由政策红利与技术积淀共同驱动的价值重估正在发酵。 传统业务为基石，二十年金融科技沉淀的底气 在全球资产数字化浪潮下，市场竞争有可能加剧，而瑞和数智依托三大核心竞争力展现出显著优势： 从业务能力来看，瑞和数字在金融科技领域深耕超20年，长期服务于金融机构的核心系统，是国家级专 精特新小巨人企业，并且多年蝉联IDC评选的"中国银行业IT解决方案智能营销市场第一名"，拥有149 项软件著作权及64项专利资质，并通过CMMI五级认证(全球软件领域最高等级)。 具备人工智能、大数据等技术并实现与Web3技术深度融合，始终是数字金融生态发展不可或缺的技术 支撑。瑞和数智有着出色的核心团队，技术人才占比高达89%，核心技术团队来自Teradata ...

Group 1 - The concept of stablecoins is gaining traction, with a notable increase in software ETFs, specifically a 1.57% rise in ETF (515230) [1] - Hong Kong's stablecoin legislation is set to take effect on August 1, 2025, following the publication of the "Stablecoin Ordinance" in the government gazette on May 30 [1] - The Hong Kong Monetary Authority has released documents regarding the regulatory framework for stablecoin issuers, indicating that the first legal Hong Kong dollar stablecoins may be launched soon [1] Group 2 - The Chinese government is increasingly focused on stablecoins, as evidenced by a recent meeting held by the Shanghai State-owned Assets Supervision and Administration Commission to discuss the development trends and strategies for cryptocurrencies and stablecoins [1] - Stablecoins offer a simplified account system that enhances the speed and reduces the cost of cross-border payments, potentially facilitating the internationalization of the Renminbi [2] - Investors are encouraged to pay attention to computer ETFs (512720) and software ETFs (515230) due to the growing interest in stablecoins and their implications for the financial market [2]

Core Insights - The core focus of the articles is on the emergence and significance of financial reasoning large models, particularly the Agentar-Fin-R1 model developed by Ant Group, which aims to enhance AI applications in the financial sector by providing a reliable, controllable, and optimizable intelligent core [1][2][3]. Group 1: Financial Reasoning Large Models - Ant Group has launched the Agentar-Fin-R1, the first commercial large model focused on financial reasoning in China, which is seen as a crucial step for the development of AI agents in finance [1][2]. - The financial reasoning large model is expected to drive the financial industry towards greater intelligence and efficiency, addressing deep-seated industry pain points rather than just superficial issues [2][3]. Group 2: Characteristics and Development of AI Agents - AI agents combine the cognitive capabilities of large models with automated execution, and their value is maximized when they focus on specific industry scenarios [2][3]. - The development of effective financial reasoning models requires high-quality data, continuous iteration, and an engineering perspective to address efficiency issues [4][5]. Group 3: Market Demand and Future Prospects - There is a growing market demand for financial reasoning large models, as they can provide clear reasoning chains and logic necessary for complex financial scenarios [6][7]. - The evolution of these models is expected to enhance their ability to solve a higher percentage of financial problems, potentially reaching up to 99% or even 100% in some cases [7].