Group 1 - The company, Jinyong Investment (01328.HK), has entered into a strategic cooperation framework memorandum with AnchorX on July 4, 2025 [1] - The collaboration will explore potential cooperation in areas such as cross-border payments and trade, stablecoin application scenarios, digital asset trading and management, and investment in blockchain technology and fintech [1]

Core Viewpoint - The Hong Kong "Stablecoin Regulation" will take effect in August, leading to a surge in related concept stocks and potential applications in cross-border payments [1] Group 1: Regulatory Developments - The Hong Kong Financial Secretary revealed that the Monetary Authority is consulting the market on the implementation guidelines for the regulation, with specific details to be announced within the month [1] - The number of approved stablecoin licenses is currently in the "single digits," with hopes to receive applications after the regulation takes effect, aiming to issue licenses within the year [1] Group 2: Market Reactions - In the A-share market, cross-border payment and stablecoin concept stocks have seen significant gains, with companies like Zhongyi Technology and Jingbeifang hitting the daily limit [1] - In the Hong Kong stock market, Chinese brokerage stocks and stablecoin concept stocks have collectively strengthened, with notable gains from companies such as Guotai Junan International [1] Group 3: Market Interest and Applications - At least nine institutions are interested in applying for stablecoin licenses, with three of them planning to issue Hong Kong dollar stablecoins [1] - The Financial Secretary highlighted that stablecoins can address challenges in cross-border payments, serving as a local currency alternative in specific regions [1] Group 4: Future Projections - The People's Bank of China has revised the "Rules for Cross-Border Payment System Business," clarifying account management processes to adapt to the development and upgrade needs of CIPS [1] - Global cross-border payment transaction volume is projected to reach $194.6 trillion by 2024 and $320 trillion by 2032 [1]

Group 1: Company Strategy and International Expansion - The stablecoin business is a significant opportunity for financial technology companies, aligning with the company's overseas strategy initiated in 2019, which has seen successful project implementations in Europe by mid-2025 [2][3] - The company's overseas strategy is comprehensive, involving not only product solutions but also capital strategies, including preparations for issuing H-shares [2] - Future development strategies will focus on new technology and product R&D, expanding overseas markets, and raising funds for cross-border settlement and payment ecosystem solutions [2] Group 2: Innovations in Banking and Stablecoin Integration - Stablecoins require deep integration with traditional financial institutions, which can play multiple roles in the stablecoin ecosystem, from fund custodians to digital asset service providers [3] - The company aims to leverage its existing technology and operational capabilities to connect various financial institutions with the digital asset ecosystem, enhancing the use cases for digital currencies [3] Group 3: Collaborations and Technological Advancements - Since its international expansion in 2019, the company has established successful cases with foreign banks and is actively exploring more product and business implementations [4] - The company is supporting foreign banks in digital upgrades and system construction while discussing new collaboration opportunities with state-owned banks in Hong Kong [4] Group 4: Asset Tokenization Experience - The company has experience in asset tokenization, particularly in bond tokenization, with stablecoins being used for tokenized asset payments [5] - The company has established a long-term partnership with a financial infrastructure institution in the domestic market, accumulating rich experience in bond-related services [5] Group 5: Risk Awareness - The content discussed in the investor relations activity, including future development plans and performance expectations, does not constitute a substantive commitment from the company, and investors should remain aware of related risks [6]

Core Insights - China is a leading market in the global fintech industry, with significant transformations in traditional financial systems driven by digital and technology finance [1][4] - The rise of malicious collection organizations under the guise of protecting consumers has disrupted financial services and caused significant harm to users [1][2] - Companies like Shuhe Technology are actively promoting financial literacy and fraud prevention to combat the negative impacts of financial black and gray markets [2][3] Group 1: Financial Technology Development - Shuhe Technology, established in 2015, has become a key player in China's fintech sector, focusing on inclusive finance as its core business [5] - The company has activated 150 million users and provided financial services to over 20 million individuals [5] - Shuhe Technology leverages AI and other technologies to enhance financial services, including intelligent marketing, risk control, and customer service [5][6] Group 2: Consumer Education and Fraud Prevention - Shuhe Technology has launched initiatives like "Huabei Anti-Fraud Illustrated" and "User Concerns" to educate consumers about financial fraud and improve their financial literacy [3][4] - These educational efforts aim to enhance users' ability to identify risks associated with financial black and gray markets [3][4] - The company is committed to helping users understand financial services better, thereby reducing the prevalence of financial fraud [4][5] Group 3: Support for Small and Micro Enterprises - Shuhe Technology has provided over 90 billion yuan in loan facilitation services to 1.5 million small business owners and individual entrepreneurs [6] - The company covers various sectors, including wholesale, retail, and hospitality, aligning with national policies to support small and micro enterprises [6] Group 4: Alignment with National Financial Strategies - Shuhe Technology is actively contributing to the "Five Major Financial Articles" proposed by the central government, focusing on technology, green finance, inclusive finance, pension finance, and digital finance [7] - The company is positioned as a catalyst for improving national living standards and regional economic development through high-quality financial services [7]

Group 1 - The stock of Jingbeifang (002987) reached the daily limit, with a trading volume of 2.842 billion yuan and a turnover rate of 15.16% [1] - The post-market data from the dragon and tiger list indicates that the Shenzhen Stock Connect special seat bought 49.0188 million yuan and sold 229 million yuan [1] - Two institutional special seats had a net sell of 60.8934 million yuan [1]

Core Viewpoint - The stablecoin concept is experiencing a rebound, with several companies in the sector seeing significant stock price increases, indicating renewed investor interest in this area [1] Group 1: Market Performance - Jingbeifang has reached its daily limit up, setting a new historical high for its stock price [1] - Jin Yi Culture also hit its daily limit up, while companies like Xinya Da and Xiexin Nengke approached their daily limit up during trading [1] - Other companies such as Hopu Co., Tianyang Technology, Zhengyuan Wisdom, and Langxin Group also showed notable gains [1] Group 2: Industry Developments - Some public fund subsidiaries in Hong Kong are actively preparing for stablecoin initiatives [1] - Huaxia Fund (Hong Kong) is participating in stablecoin sandbox testing, which includes critical aspects such as issuance, payment, asset docking, and fund subscription and redemption [1]

Group 1 - NISN's stock price increased by 6.93% to $4.32 per share, with a total market capitalization of $20.73 million as of July 4 [1] - For the fiscal year ending December 31, 2024, NISN reported total revenue of $340 million, a year-over-year decrease of 12.01%, and a net profit attributable to shareholders of $5.79 million, down 67.08% year-over-year [1] Group 2 - NISN is scheduled to release its Q1 2025 financial report on July 29, with the actual disclosure date subject to company announcement [2] - NISN operates as an offshore holding company registered in the British Virgin Islands, primarily through its domestic subsidiary, Vantak (Shanghai) Digital Technology Co., Ltd [2] - The company focuses on integrating advanced technologies such as big data, artificial intelligence, IoT, and blockchain into the financial industry, aiming to create a comprehensive fintech ecosystem for digital transformation in banking, securities, trust, funds, and insurance sectors [2]

京北方（002987）在投资者关系活动记录表中称，公司近日与国富量子创新有限公司签署战略合作协 议，双方将聚焦虚拟资产及数字货币业务，围绕IT技术创新、虚拟资产及稳定币生态圈合作创新、金融 业务创新三个层面展开深度合作。 ...

Group 1: Strategic Cooperation and Business Model - The company has signed a strategic cooperation agreement with Guofu Quantum, a cross-border financial technology investment platform based in Hong Kong, which holds multiple licenses from the Hong Kong Securities and Futures Commission [4] - The collaboration aims to focus on virtual assets and digital currency businesses, leveraging both parties' resources in capital markets and financial technology [4] - The company plans to explore various business models with Guofu Quantum, including consulting services and asset tokenization technology services [6] Group 2: Stablecoin Applications and Market Potential - Stablecoins are expected to be widely used in cross-border payments, settlement, and RWA (Real World Assets) financing, offering advantages such as higher efficiency and lower costs compared to traditional methods [5] - The company aims to integrate stablecoins into the virtual asset ecosystem and explore potential cooperation opportunities in stablecoin issuance and virtual asset exchanges [5] Group 3: Technological Advantages and Experience - The company has accumulated significant technical experience in the digital renminbi system and possesses a mature technology framework in blockchain, smart contracts, and privacy computing [7] - It has established a localized delivery team for digital currency in the Greater Bay Area, enhancing its capability to support clients in various aspects of digital asset management [7] Group 4: Competitive Advantages and Client Base - The company has developed a diverse client base primarily consisting of banks, insurance, securities, trust, and asset management firms, creating a robust resource layout [8] - Its extensive industry experience, combined with a systematic R&D organization and innovative capabilities, forms a sustainable competitive advantage [8] Group 5: International Business Expansion - The company has established business relationships with Chinese clients in Hong Kong and is actively pursuing collaborations in Southeast Asia [9] - It plans to optimize its business delivery model in Hong Kong and gradually expand into Southeast Asia and countries along the Belt and Road Initiative [9]

Core Viewpoint - Tianyang Technology currently has no business cooperation with Guotai Junan International, but is exploring stablecoin applications in cross-border payments and virtual credit cards with multiple licensed financial institutions [1] Group 1 - Tianyang Technology confirmed on July 3 that there is no ongoing business collaboration with Guotai Junan International [1] - The company is actively working with several licensed foreign financial institutions to explore stablecoin applications [1] - The focus areas include practical scenarios for stablecoins in cross-border payments and virtual credit cards [1]