新华财经香港7月23日电 香港金融管理局总裁余伟文23日发文表示，稳定币作为新兴支付工具通过监管 逐渐进入传统金融体系，具有积极意义，但有必要防范市场和舆论过度炒作，严防金融风险。 余伟文认为，围绕稳定币的讨论容易集中于其对传统金融特别是支付体系的颠覆作用，但是一旦要由虚 入实，从概念和理论层面转到应用场景和具体安排，就会出现明显落差。参与稳定币可以有多种模式， 他建议，对于一些机构而言，较实际的做法可以是与其他稳定币发行机构合作，提供应用场景，而非追 求作为发行主体。 此外，更值得关注的是泡沫化趋势。余伟文强调，近期随着稳定币概念的热炒，市场出现了过度亢奋的 情绪。而金管局早前已明确表明，在初期阶段充其量只会批出数个稳定币牌照。而即使取得牌照，基于 其希望稳步发展的考虑，加上初期所需要的资源投入，对公司短期盈利的贡献会有一定的不确定性，希 望投资者在消化市场"利好"消息时保持冷静和独立思考。 据悉，香港金管局将于下周公布"稳定币发行人发牌制度"的摘要说明，文件会阐述金管局接受和处理牌 照申请的安排。 （文章来源：新华财经） 稳定币是近期各国央行和金融监管当局讨论较多的课题。余伟文指出，讨论的焦点集中在稳定币 ...

【导读】香港金管局余伟文：下周将发布"稳定币发行人发牌制度"的摘要说明 中国基金报记者 吴娟娟 7月23日，香港金融管理局（以下简称香港金管局）总裁余伟文撰文表示，下周将发布"稳定币发行人发 牌制度"的摘要说明。 余伟文表示："近期，市场上针对稳定币牌照申请程序存在不少传言，我们将于下周公布'稳定币发行人 发牌制度'的摘要说明，阐述金管局接受和处理牌照申请的安排"。 余伟文指出，要以稳妥、可持续的原则落实《稳定币条例》，避免过度炒作，并严防金融风险。 避免过度炒作稳定币 稳定币作为新兴的支付工具，将逐渐进入传统金融体系。余伟文强调，有必要防范市场和舆论过度炒 作。 余伟文提到几类值得关注的现象。首先，过度概念化。关于稳定币的讨论容易集中于其对传统金融特别 是支付体系的颠覆，但是一旦从概念和理论层面转到应用场景和具体安排，相关讨论就存在明显落差。 目前，有数十家机构曾主动接触香港金管局团队，但很多机构停留在概念阶段。比如，有机构提出要提 升跨境支付效率、支持Web3.0发展、提升外汇市场效率等愿景，但缺乏实际的应用场景，无法提出切 实可行的具体方案和落实计划，更遑论具备管控风险的意识和能力。 而能提供应用场景的 ...

另一更值得关注的是泡沫化趋势。余伟文称，近期随著稳定币概念的热炒，市场出现了过度亢奋的情 绪，一些上市公司，不管本业与稳定币或者数字资产是否相关，只要宣称有意开拓稳定币业务，股价即 应声上涨、股票交易量大增之余，公司知名度亦得以大大提升。 余伟文重申早前香港金管局已明确表明，在初阶段只会批出数个稳定币牌照，并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。 余伟文表示，《稳定币条例》通过以后，香港金管局立马落实条例的监管和反洗钱两份指引征求市场意 见，目前正根据反馈意见适当调整指引的要求，争取在7月底公布。预期最终的定稿与咨询草稿不会有 太大的调整，而鉴于国际监管的共同关注，在反洗钱方面会订立更严谨的要求，尽量减低稳定币成为洗 钱工具的风险，务求让香港稳定币市场有序健康发展。 余伟文表示，有必要防范市场和舆论对于稳定币的过度炒作，最近有以下一些现象值得关注。一是过度 概念化。余伟文透露，以香港的经验为例，至今已经有数十家机构主动接触金管局团队，有的明确表示 有意申请稳定币牌照，有的属于初步探路性质。但很多只停留在概念阶段，如提出要提升跨境支付效 率、支持Web3.0发展、提升外汇市场效率等愿景，但 ...

近期，社会上出现以"快速致富""无需偿还债务"为诱饵的"职业背债"骗局，部分消费者因轻信此类虚假 宣传陷入困境。金融监管总局金融消费者权益保护局7月21日发布风险提示，提醒广大消费者提高警惕， 远离"职业背债"陷阱。 根据风险提示，"职业背债"陷阱主要有以下套路： 虚假宣传引诱。以"无需还款即可获得高额回报""只需贡献自己征信""短时间轻松获得高额酬劳""不用本 人偿还债务"等话术为诱饵，吸引目标人群。 伪造材料骗贷。制作虚假职业证明、收入证明、银行流水等资料，将不符合银行贷款条件的人包装成"优 质客户"，骗取银行贷款。 抽取高额分成。获取银行贷款后，不法分子抽取高额分成，将相关债务和风险全部转嫁给背债人承担。 风险提示称，一旦成为"职业背债人"，将面临诸多风险隐患： 为保护金融消费者合法权益，金融监管总局提示： 提高风险意识。切记任何承诺以个人名义贷款，却声称"不用你还"的话术，本质都是骗局。面对"职业背 债"这类看似轻松赚钱的"好事"，一定要保持清醒，不要铤而走险，贪小失大。 珍惜个人信用。信用记录是个人经济社会生活中的第二张"身份证"，要合理规划收支，按时偿还各类债 务，不随意为他人担保，不参与任何形式 ...

Group 1 - The SEC has appointed George Botic as the acting chairman of the PCAOB [1]

美国金融业监管局 (Finra) 正在考虑修改"模式日内交易"规则，该规则限制保证金账户中资金低于25,000 美元的投资者在五天内不得借入资金进行四次或四次以上的交易。在一份提交给金融业监管局 (Finra) 董事会最终投票的提案中，散户投资者只需在账户中存入2,000美元即可进行此类交易。 美国监管机构正在最终敲定一项有争议的规则的替换方案，该规则将大幅降低散户投资者进行股票和期 权交易的门槛。 ...

Core Insights - The seminar on financial regulation and the release of the book "Financial Regulation: Theory and Practice" highlights the importance of strong financial regulation and talent in building a financial powerhouse as emphasized by President Xi Jinping [1][3][4] Group 1: Financial Regulation Importance - Strong financial regulation is a foundational element for building robust financial institutions and maintaining monetary stability [4][7] - The book discusses the relationship between financial regulation and market dynamics, addressing contemporary challenges in the field [5][10] - Experts emphasize the need for a balanced approach in financial regulation, considering both innovation and investor protection [6][8] Group 2: Educational Initiatives - Tsinghua University is addressing the shortage of qualified instructors in financial regulation by offering a graduate course that fills a gap in the curriculum [3][4] - The course aims to provide students with a comprehensive understanding of financial systems, including their vulnerabilities and ethical considerations [4][5] - The publication of the book serves as a valuable resource for teaching and research in financial regulation [3][10] Group 3: Global Perspectives and Challenges - The seminar highlighted that there is no one-size-fits-all model for financial regulation globally, and copying another country's system may not be effective [6][8] - The discussion included the impact of recent banking failures in the U.S. and the implications for global financial stability [8] - Experts called for a reevaluation of regulatory principles to enhance effectiveness in addressing current challenges [8][10]

Group 1: Key Industry Developments - The Yarlung Tsangpo River downstream hydropower project has commenced construction in Linzhi, Tibet, with a total investment of approximately 1.2 trillion yuan [2] - The National Export Control Work Coordination Mechanism Office has organized a meeting to enhance enforcement against strategic mineral smuggling and export, emphasizing the establishment of a joint enforcement coordination center [2] - The Financial Regulatory Bureau has held a meeting focusing on the reform and risk management of small and medium financial institutions, aiming to prevent illegal financial activities and protect consumer rights [2] Group 2: Regulatory Actions and Industry Meetings - The Ministry of Industry and Information Technology has announced a new round of growth stabilization plans for ten key industries, including steel and non-ferrous metals, to optimize supply and eliminate outdated capacity [4] - The China Iron and Steel Association has convened a meeting to discuss establishing a new capacity governance mechanism to prevent overcapacity risks in the steel industry [4] - A special meeting led by the National Development and Reform Commission has been held to promote the healthy development of the low-altitude economy, focusing on preventing inefficient and redundant construction [4] Group 3: Company News - Yushutech has initiated its listing guidance process [6] - Zhongcheng Tui's stock will be delisted on July 21, 2025 [7] - *ST Zitian's stock may be terminated from listing, with suspension starting on July 21 [8] - Xiling Information's controlling shareholder is planning a change in control, leading to a suspension on July 21 [9] - Kanghua Biology's controlling shareholder intends to change to Shanghai Wankexin Biotechnology Partnership, with resumption of trading on July 21 [10] - Jichuan Pharmaceutical has disclosed the results of a tender offer by Cao Fei, with stock resuming trading on July 21 [11] - Baichuan Co.'s controlling shareholder and chairman Zheng Tiejiang has returned to work and is performing normal duties [12] - Dongli New Science has had its wholly-owned subsidiary SAIC Hongyan accepted for reorganization by the court [13] - Daotong Technology's controlling shareholder has proposed a mid-term dividend of 5.8 yuan per 10 shares (including tax) for 2025 [14] - Shaanxi Guotou A reported a net profit of 726 million yuan for the first half of the year, a year-on-year increase of 5.74% [15] - China First Heavy Industries expects a net loss of 90 million to 108 million yuan for the first half of the year [16]

Core Viewpoint - The Jiangsu Financial Regulatory Bureau, in collaboration with the Jiangsu Market Supervision Administration, will launch a special action for financing individual industrial and commercial households starting from June 2025, aiming to enhance the accessibility and precision of financing services for nearly 10 million individual businesses in Jiangsu [1]. Group 1: Financing Support Measures - As of June 2025, the loan balance for individual businesses in Jiangsu is expected to increase by 22.93 billion yuan year-on-year, with the number of loan accounts rising by 232,000 [1]. - The average loan interest rate for individual businesses from January to June has decreased by 28 basis points year-on-year [1]. - The special action will categorize individual businesses based on their types and needs, allowing banks to provide tailored financial support [2]. Group 2: Dynamic Assessment and Tailored Services - The Jiangsu Financial Regulatory Bureau encourages banks to establish a long-term service mechanism that includes "classified policies, dynamic assessments, and precise support" for different types of individual businesses [2]. - Financial support will be tiered for survival, growth, and development types of individual businesses, implementing three major projects: "Foundation Building, Upgrading, and Navigation" [2]. - Banks are encouraged to develop specialized credit products and financial services for "famous, special, and innovative" individual businesses [2]. Group 3: Innovation and Accessibility - The regulatory bureau is guiding banks to understand the development status of various individual businesses and explore financial products that meet their diverse needs [2]. - Initiatives include the development of intellectual property pledge financing and preferential credit policies for industry clusters of "special" individual businesses [2]. - Support will also be provided for "high-quality" individual businesses that have received government certifications or quality endorsements, facilitating credit financing [2]. Group 4: Collaborative Mechanisms and Long-term Development - A special cooperation mechanism between financial and market regulatory departments will be established to enhance information sharing and coordinate efforts to address the challenges faced by individual businesses [3]. - The bureau encourages regions to implement "grid management" to create tailored service models for different areas [3]. - Continuous exploration and innovation will be prioritized to broaden financing channels for individual businesses, enhancing their satisfaction with financial services [3].

中央第四指导组围绕综合整治新能源汽车行业非理性竞争问题开展专题调研座谈，要求龙头企业要依法 合规理性竞争，联合抵制行业非理性竞争，共同维护公平公正的市场竞争秩序(央视新闻)；18日市场监 管总局约谈饿了么、美团、京东三家平台企业，要求相关平台企业严格遵守《中华人民共和国电子商务 法》《中华人民共和国反不正当竞争法》《中华人民共和国食品安全法》等法律法规规定，严格落实主 体责任，进一步规范促销行为，理性参与竞争(央视新闻)；美国总统特朗普在白宫正式签署《指导与建 立美国稳定币国家创新法案》(简称《天才法案》)，标志着美国稳定币监管立法进入实施阶段(央视新 闻)。 ...