Summary of the Conference Call for Xinghuo Technology Industry and Company Overview - The conference call pertains to Xinghuo Technology, a company listed in Hong Kong, focusing on compliant digital asset services, including asset management, custody, quantitative trading, and intelligent solutions [3][4][5]. Core Business and Services - Xinghuo Technology operates four main business lines: 1. **Asset Management**: Managed under a 149 license, with approximately $100 million AUM across 12 funds, partnering with institutions like Dongfang Securities and Founder Securities [5]. 2. **Quantitative Trading**: Managed by an in-house team, focusing on strategy development and providing collaborative services [5]. 3. **Custody Services**: Offers digital asset custody under the TCSE license, with a custody scale in the tens of millions of dollars, serving over 170 institutional clients [5]. 4. **Intelligent Solutions**: Provides core intelligent solutions to the industry [5]. Regulatory Environment and Strategic Plans - The company is analyzing the upcoming Hong Kong stablecoin legislation, planning to offer comprehensive services and technical solutions related to stablecoins [6]. - Although not yet applying for a Hong Kong crypto exchange license, Xinghuo Technology is exploring partnerships and opportunities in the digital asset exchange sector [8]. - The company has a strategic focus on compliance and risk governance, aiming to provide flexible support to clients post-legislation [6]. Market Trends and Future Outlook - The company views the trend towards compliance and institutionalization in the crypto asset sector positively, intending to lead industry development in the Asia-Pacific region [17]. - The regulatory landscape for crypto exchanges in Hong Kong began in February 2023, with a licensing system established for virtual asset service providers [7]. - Xinghuo Technology plans to utilize funds from a recent capital increase to explore potential developments in stablecoin and exchange licenses [10]. Competitive Advantages - Xinghuo Technology holds a unique position as the first company in Hong Kong to offer full discretionary account management for virtual assets under the "Big Nine" license, allowing 100% investment in virtual assets [13]. - The company has a strong understanding of the blockchain industry, with key shareholders being industry veterans, which enhances its ability to seize opportunities [20][21]. Financial and Investment Strategy - The asset management business currently sources all funds from overseas, with investments made through designated exchanges like HashKey and Coinbase [11]. - The company’s asset management services are exclusively available to professional investors due to regulatory restrictions [12]. Challenges and Considerations - The company acknowledges the need to balance compliance with the demand for gray market trading, emphasizing the importance of anti-money laundering (AML) and know your customer (KYC) practices [18]. - Future profitability is expected to favor companies with clear business models and compliance capabilities, particularly as the market evolves [19]. Conclusion - Xinghuo Technology is positioned to capitalize on the growing demand for compliant digital asset services, with a robust strategy to navigate regulatory changes and market dynamics while leveraging its competitive advantages in the industry [17][21].

Core Insights - The company, Weihui Technology Holdings, positions itself as a leader in global precious metals trading and digital asset services by leveraging "quantum algorithm trading + AI" as its core engine [1] Group 1: Technological Breakthroughs - Weihui Technology has built a supercomputing cluster using 3,000 NVIDIA H100 cards, enhancing quantum algorithm trading efficiency significantly [2] - The AI system utilizes quantum superposition, entanglement, and state measurement to reduce high-frequency decision latency to 5 milliseconds, achieving a 100-fold speed increase compared to traditional systems [2] - The system supports 28 trillion hash operations and 1.2 million cross-market checks per second, with a peak daily trading volume of over 3 million ounces in precious metals [2] Group 2: Dual-Engine Strategy - The company has introduced the "Alpha Dual PAMM dual-strategy intelligent asset management" combination, which includes a gold shield and a crypto spear [4] - The gold shield offers spot trading for 99 gold and Hong Kong dollar kilogram bars, with a blockchain settlement system achieving second-level delivery by 2024 [4] - The crypto spear captures BTC/ETH volatility arbitrage, with historical monthly returns ranging from 8% to 15% [4] - The intelligent hedging employs FPGA+GPU architecture for nanosecond-level rebalancing, maintaining portfolio stability during extreme market conditions [4] Group 3: Compliance and Security - Weihui Technology's foundation is built on licensed precious metals service provider qualifications, supplemented by multiple safeguards [5] - The company holds a B-class license from the Hong Kong Gold and Silver Exchange and a MAS exemption license from Singapore, ensuring transparent and traceable fund custody [5] - Collaboration with Hiscox provides dual protection through "PAMM custody + professional underwriting" [5] - The company boasts an average daily trading volume exceeding $1 trillion in precious metals, with a 30% reduction in spreads and slippage controlled within 0.1% [5] Group 4: Future Layout - Weihui Technology is strategically positioning itself in the metaverse financial ecosystem and global service network [6] - The company plans to implement a web-based clientless trading system that connects directly to multiple liquidity providers, improving response speed by 70% [6] - A 2030 plan includes the development of an Omniverse 3D trading hall with AI virtual advisors available 24/7 [7] - The company aims to cover ten major financial centers by 2027, reducing global latency to 80 milliseconds [7] Group 5: Data Validation - In 2024, gold prices are projected to rise by 15%, with hedging strategies expected to outperform benchmarks by 30% on an annualized basis [8] - The company's managed assets have surged by 40% year-on-year, targeting $5 billion in institutional AUM by 2025 [8] - The system achieves a data latency of 50 microseconds and maintains slippage control at 0.1%, certified by NVIDIA's supercomputing ecosystem [8] - The CEO emphasizes the goal of investing $100 million over the next three years to enhance quantum algorithm trading and the metaverse financial ecosystem [8]