智通财经APP讯，联易融科技-W(09959)发布公告，于2025年10月23日，该公司斥资741.37万港元回购 247万股。 ...

Core Insights - The acquisition of the MSO license marks a significant advancement for the company in the cross-border payment sector, enabling compliant cross-border fund settlement and foreign exchange services [1] - The MSO license enhances the company's global service capabilities and financial technology strength, aligning with its overall strategic planning and long-term development needs [1] - The core revenue logic of the MSO license business is derived from "exchange rate differences + service fees," which includes charging clients for cross-border payment services and earning from foreign exchange position adjustments [1] - The MSO license does not have a total quantity limit, but its scarcity is reflected in the "substantial compliance threshold" [1]

Core Viewpoint - The core revenue of the MSO license business for the company comes from "exchange rate differences + service fees," indicating a dual revenue stream from cross-border payment service fees and foreign exchange position adjustments [1] Group 1: Business Development - The company is currently in the cultivation phase of its MSO license business, with expectations for continued growth as customer accumulation and scenario expansion occur [1] - Guangdong, as China's largest foreign trade province, is projected to have a total import and export volume exceeding 9 trillion yuan in 2024, providing a broad space for business development [1]

Core Insights - As of October 22, 2025, a total of 6 institutional investors hold shares in Jingbeifang (002987.SZ), with a combined holding of 510 million shares, representing 58.85% of the total share capital [1] - The institutional holding ratio decreased by 1.55 percentage points compared to the previous quarter [1] - Among public funds, only one fund, Huabao CSI Financial Technology Theme ETF, increased its holdings, with an increase ratio of 0.31% [1] - Two public funds, Southern CSI 1000 ETF and Huaxia CSI 1000 ETF, reported a slight decrease in holdings compared to the previous quarter [1] - A total of 73 public funds did not disclose their holdings this period, including notable funds such as GF CSI 1000 ETF and China Ocean Quality Growth Mixed Fund [1] - From the foreign investment perspective, one foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 0.19% [2] - Barclays Bank PLC is noted as a foreign institution that did not disclose its holdings this period [2]

今年以来该股累计进行36次回购，合计回购7129.50万股，累计回购金额2.25亿港元。（数据宝） 联易融科技-W回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.10.22 | 243.00 | 3.100 | 2.990 | 747.08 | | 2025.10.21 | 238.00 | 3.180 | 3.100 | 745.07 | | 2025.10.20 | 245.00 | 3.070 | 2.970 | 743.93 | | 2025.10.17 | 252.00 | 3.130 | 2.860 | 744.46 | | 2025.10.16 | 239.00 | 3.150 | 3.080 | 747.51 | | 2025.10.15 | 238.00 | 3.170 | 3.050 | 747.06 | | 2025.10.14 | 240.00 | 3.270 | 3.040 | 745.34 | | 2025.10.13 | 236.00 ...

Group 1 - The company, New Fire Technology Holdings (01611), announced the granting of a total of 18.8025 million stock options to several qualified participants under its stock option plan [1] - The stock options are exercisable for 18.8025 million shares of the company's ordinary shares, each with a par value of HKD 0.001 [1] - The options will be granted on October 22, 2025, subject to acceptance by the grantees [1]

Core Viewpoint - The company Guangdian Yuntong has made a significant advancement in its cross-border payment business by obtaining the Money Service Operator (MSO) license from Hong Kong Customs for its wholly-owned subsidiary, Huitong Hong Kong [1] Group 1: Business Development - Huitong Hong Kong's acquisition of the MSO license enhances the company's capabilities in cross-border fund settlement and foreign exchange services [1] - The license allows the company to operate in compliance with regulations, marking a key milestone in its business layout in the cross-border payment sector [1] Group 2: Technological Integration - The company plans to leverage its expertise in artificial intelligence, blockchain, and big data to improve the intelligence and security of its cross-border financial services [1] - This technological integration aims to expand the company's financial technology products internationally and strengthen its global compliance operations [1] Group 3: Strategic Implications - The MSO license lays a foundation for the company's digital financial ecosystem and international business growth [1] - The development signifies a strategic move to enhance the company's position in the global financial market [1]

Core Viewpoint - GCash, a financial technology company backed by Ant Group and MUFG, plans to delay its IPO in Manila due to the ongoing downturn in the Philippine stock market, which is deemed unsuitable for listing [1] Company Summary - GCash is operated by Globe Fintech Innovations Inc (Mynt), which is a subsidiary of Globe Telecom, one of the largest telecommunications operators in the Philippines [1] - GCash is often referred to as the Philippine version of Alipay and represents a significant investment by Ant Group in the fintech sector in the Philippines [1] IPO Plans - Discussions regarding the IPO are still ongoing, and the timeline may change; however, Mynt has not made a formal decision on the IPO timing [1] - GCash initially aimed to raise up to $1.5 billion, equivalent to over 11.6 billion Hong Kong dollars, which would have made it the largest IPO in Philippine history [1]

"万流引擎 · 资产管理全周期增长智能体蜂群"现场发布图 10 月 16 日，由第一财经与中国银行联合主办的 "2025 上海全球资产管理论坛 " 在上海成功举办。会上， 第一财经 及旗下 应帆科技 正式发布 " 万流引擎 · 资产管理全周期增长智能体蜂群 " （下称 " 万流引擎 " ），该产品以先进的 " 智能体赋能智能体 " （ Agent to Agent ，即 A2A ）协作理念为核心，帮助金融机 构以更低的门槛和更高的效率，构建出更加敏捷、精准且深入业务的智能体服务体系，打通资产管理全周 期数字化的关键节点，驱动业务转化与增长效率提升，是对金融机构智能服务体系的一次全方位升级迭 代。 上海广播电视台（上海文广集团）副台长、副总裁，第一财经党委书记、董事长，应帆科技董事长李蓉表 示，去年，第一财经发布《头部财经平台领航专项计划》，着力构建金融、科创、消费三大专业生态圈， 并明确提出以 AI 产品夯实金融科技发展底座。此次 " 万流引擎 " 的发布，正是对这一计划的积极践行。尤 其在人工智能技术重塑全球产业格局的大背景下，上海的金融科技建设被赋予了极为重要的战略地位， 而"万流引擎 " 的诞生将有效推 ...

Core Viewpoint - The Federal Reserve's interest rate cuts have initiated a global easing cycle, creating new investment opportunities in the domestic market, with the potential for more flexible monetary policy tools from the central bank to maintain reasonable liquidity [1] Group 1: Investment Opportunities - The declining interest rate environment is favorable for the valuation of growth stocks, with indices like the Sci-Tech 50 and ChiNext expected to benefit [1] - Domestic policies aimed at stabilizing growth continue to support resilient sectors such as consumption and infrastructure [1] - The implementation of policies to expand service consumption is expected to boost new business models in digital services and smart consumption [1] Group 2: Investment Strategies - The Alipay Index Fund and its "Index+" platform provide intelligent and convenient tools for investors to allocate assets in the domestic market [1] - Investors can utilize index-based investment strategies to share in the economic transformation while effectively mitigating individual stock risks [2] - The dynamic optimization mechanism of index funds ensures that investors hold shares in the most representative quality companies [2] Group 3: Platform Advantages - The Alipay Index+ platform offers three main advantages: 1. One-click asset allocation to avoid individual stock risks, with historical data showing that tech growth sectors typically perform well post-Fed rate cuts [3] 2. Smart investment strategies that help smooth costs and manage short-term volatility through automatic adjustments [3] 3. Low fees and transparent operations enhance long-term returns, with management fees generally below 0.5% compared to 1.5% for active funds [5] Group 4: Market Context - The current domestic market is at a critical stage of transformation and upgrading, with the Alipay Index Fund covering numerous indices that represent China's economic development direction [1] - The comprehensive implementation of the registration system is expected to bring more quality enterprises to the A-share market [2] - The focus on index investment allows ordinary investors to participate in the growth of the technology sector as a whole rather than relying on individual companies [5]