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专访安拟集团总裁欧阳杞浚:香港金管局监管的港元稳定币,有望成为内地资产交易走向国际的关键
Sou Hu Cai Jing· 2025-06-19 13:02
Core Viewpoint - The article discusses the emergence of stablecoins in Hong Kong, particularly focusing on the collaboration between Animoca Brands, Standard Chartered Bank, and Hong Kong Telecom to issue a Hong Kong dollar-pegged stablecoin, which is seen as a crucial link for cross-border transactions and financial settlements in the region [6][7][18]. Group 1: Stablecoin Development - The Hong Kong government has announced that the Stablecoin Regulation will take effect on August 1, 2025, marking a significant step in the regulatory framework for stablecoins [6]. - Animoca Brands is one of the first participants in the stablecoin issuance sandbox, alongside Standard Chartered Bank and Hong Kong Telecom, and they have formed a joint venture to prepare for the issuance of the stablecoin [6][7]. - The stablecoin is expected to facilitate various applications, including virtual asset transactions within gaming ecosystems and cross-border trade settlements [16][17]. Group 2: Company Overview - Animoca Brands initially gained recognition in the blockchain gaming sector and has since expanded into Web3, focusing on decentralized identity and education projects [14][15]. - The company's business model includes self-developed projects, returns from investments in over 570 Web3 companies across various sectors, and consulting services akin to investment banking [15][16]. - The collaboration with Standard Chartered and Hong Kong Telecom aims to leverage their respective strengths in banking and retail to enhance the stablecoin's market reach [16][19]. Group 3: Market Implications - The stablecoin is positioned as a vital tool for connecting mainland asset transactions to international markets, especially given Hong Kong's status as a major offshore RMB trading center [7][18]. - The article highlights the potential for the stablecoin to support a wide range of financial products and services, indicating a trend towards the digitization of financial assets on public blockchains [17][18]. - Animoca Brands emphasizes the need for a neutral currency in Hong Kong to facilitate international transactions, particularly in light of geopolitical influences [18][19]. Group 4: Regulatory Environment - The article notes that the Hong Kong Monetary Authority (HKMA) is actively working on a regulatory framework for stablecoins, which is crucial for building a compliant financial ecosystem [24][25]. - The company has gained valuable compliance experience during the sandbox testing phase, focusing on investor protection and regulatory requirements [21][26]. - There is a recognition that while stablecoins can offer high security, the lack of regulatory oversight poses risks, necessitating a push for legally compliant stablecoin solutions [26].
京东币链CEO:京东稳定币预计四季度拿到牌照,将锚定港元及其他币种
Hua Er Jie Jian Wen· 2025-06-19 06:34
今年6月初,京东币链科技("京东币链")CEO 的刘鹏接受彭博专访,就稳定币的未来,应用落地与行 业拓展等一系列问题进行了回答。 作为曾经的"微信支付"核心成员,刘鹏表示自己捕捉到与移动支付井喷前夕相似的"感觉"——在他看 来,支付型稳定币将作为Web3时代的新金融基建,在国际贸易等场景发挥"颠覆性"的积极作用。 在刘鹏看来,很多人将支付型稳定币等同于比特币、以太坊等加密货币,其实完全不同。Web3的稳定 币就像Web2的移动支付,都是支付工具,其目标是借助先进技术与商业模式,实现降本增效、提升体 验、普惠金融。 刘鹏透露,京东币链预计将在四季度初取得牌照。目前京东币链在"沙盒"中的场景测试进展顺利,计划 推出分别锚定港元及其他币种的稳定币。其认为京东币链的先发优势之一是拥有从零到一的"冷启动"场 景,即京东电商生态。 以下为采访全文: 稳定币沙盒测试进展如何? 问:今年5月,京东稳定币完成了沙盒的第二阶段自测。目前进展如何? 刘鹏:截至6月初,我们已重点完成港币稳定币的测试,稍后将测试其他法币稳定币。根据 市场需求,预计这两种稳定币会同步发行。 第二阶段与第一阶段不同:第一阶段主要测试产品功能与技术细节,第 ...
我们研究Circle三个月,发现它可能是下一个“链上美元”
以下文章来源于Robin和Sara的一手实践手稿 ,作者RobinLu Robin和Sara的一手实践手稿 . 商业实践之上,坚持手记、说真话、欢迎探讨。 作 者 | RobinLu 来源 | Robin和Sara的一手实践手稿 导语 : 如果USDC成为"链上美元"的通用流通底层,那么Circle的故事其实现在才是元年。 2025年6月5日,Circle(CRCL.US ) 正式上市,两天涨幅 2.5倍。今年三月,我们深入研 究稳定币这相对 "生疏"的话题,作为一个新的赛道,我们也算比较早地看到了机会。 与近期 爆火的 IP类公司 一样,深入研究一个赛道的重要性。 同时,稳定币这个 新的 赛道,从逻辑和趋势上看,比抓住某一新生消费品更容易一些。在 此,需要强调的是, CRCL本身算是一个benchmark,而真正开启的是"稳定币"这个市场和 相关的投资机会, 但 并不意味着 CRCL一定会是一个好的长期投资标的。 谁是 Circle? Circle是稳定币USDC的发行商。2013年创立于美国波士顿, 是一家专注于法定货币转账服 务的稳定币发行公司。 CRCL 通过持有美元、美债和其他资产为稳定币提供担保。 ...
IDG成大赢家,Circle上市背后,3万亿稳定币的全球赌局
Sou Hu Cai Jing· 2025-06-18 03:49
Core Insights - Circle's IPO represents a significant signal to the market, indicating confidence in the sector and compliance intentions to regulators, while showcasing the emergence of on-chain USD as a mainstream financial instrument [2][20] - For China, the focus on stablecoins is not about whether to engage, but rather how to integrate into global liquidity and promote the story of the Renminbi [3][20] Company Overview - Circle, founded in 2013, initially aimed to create a cross-border payment service based on Bitcoin, but faced significant challenges, including a drastic valuation drop from $3 billion to $750 million, a 75% decline [4][5] - The company pivoted to focus on the issuance of the USDC stablecoin, which is fully backed by USD reserves, and has seen its market cap grow significantly, reaching approximately $29.7 billion post-IPO [3][5] Market Dynamics - The stablecoin market is rapidly evolving, with Tether holding a 62% market share and Circle's USDC at 25%, while major corporations like Walmart and Amazon are exploring their own stablecoins [3][5] - The global stablecoin market is projected to exceed $3 trillion in the coming years, driven by increasing institutional adoption and regulatory clarity [5][19] Regulatory Environment - The U.S. is moving towards clearer regulations for stablecoins, with proposed legislation requiring full USD backing and regular audits, which enhances the credibility of compliant issuers like Circle [6][10] - In contrast, China maintains a cautious stance, prohibiting private stablecoin issuance while promoting the digital Renminbi, indicating a divergence in regulatory approaches between the two countries [11][18] Competitive Landscape - Circle's strategy emphasizes compliance and transparency as competitive advantages, positioning USDC as a foundational infrastructure for digital transactions [6][19] - The stablecoin sector is expected to consolidate, with leading players like USDC and USDT potentially forming a duopoly similar to Visa and Mastercard in traditional finance [20] Future Outlook - The stablecoin market is anticipated to grow significantly, with estimates suggesting a total market cap of $2 to $3 trillion within the next 5 to 10 years, contingent on the ability of companies like Circle to build robust financial networks [19][20] - The evolution of stablecoins is seen as a functional complement to traditional payment systems, particularly in cross-border transactions and in regions with high inflation [16][17]
稳定币法案、CircleIPO,关注全球货币变局机遇
Tebon Securities· 2025-06-09 09:45
Investment Rating - The report maintains an "Outperform" rating for the computer industry [2][8]. Core Insights - The report highlights the progress of stablecoin regulations in Europe, the United States, and Hong Kong, indicating a clearer compliance path that could stimulate financial innovation and enhance the value of digital currencies and assets [4]. - Circle's IPO has generated significant demand, with the global stablecoin market projected to reach $1.6 trillion by 2030, driven by regulatory clarity and increased acceptance among financial users [4]. - Stablecoins are expected to evolve from mere transaction mediums to critical financial infrastructure, presenting investment opportunities in the digital currency sector [4]. Summary by Sections Market Performance - The computer industry has shown a performance trend against the CSI 300 index, with fluctuations observed from June 2024 to February 2025 [3]. Related Research - Several related reports are mentioned, focusing on the implications of AI and data analysis in the industry, as well as the financial performance of specific companies [4]. Investment Recommendations - The report suggests focusing on companies involved in stablecoins and Real World Assets (RWA), listing several firms such as Lianlian Digital, Zhong'an Online, and others as potential investment opportunities [4].
IPO周报 | Circle登陆纽交所成「稳定币第一股」;周六福通过港交所聆讯
IPO早知道· 2025-06-08 14:22
Group 1: Circle Internet Group - Circle Internet Group went public on June 5, 2025, under the ticker "CRCL," becoming the first global stablecoin stock, raising $1.1 billion with a share price of $31, up from an initial range of $24 to $26, and saw over 25 times oversubscription [2][3] - On its first trading day, Circle's stock opened 122% higher and closed at $83.23, a 168.48% increase from the IPO price, giving it a market capitalization of $18.356 billion [3] - Circle, founded in 2013, primarily issues two stablecoins: USDC and EUDC, with USDC holding approximately 29% market share as of March 2025 [4] - As of March 31, 2025, Circle reached over 600 million users globally, with total revenue and reserve income of $1.676 billion and a net profit of $156 million for 2024 [5] Group 2: Zhou Li Fu Jewelry - Zhou Li Fu Jewelry passed the Hong Kong Stock Exchange hearing and disclosed its information on June 3, 2025, with CICC and CITIC International as joint sponsors [7] - Established in 2004, Zhou Li Fu operates 4,129 stores across 31 provinces and has four overseas stores, ranking among the top five jewelry brands in China for eight consecutive years [7][8] - The company reported revenues of 3.102 billion yuan, 5.150 billion yuan, and 5.718 billion yuan from 2022 to 2024, with a compound annual growth rate (CAGR) of 35.8%, significantly outpacing the industry average of 2.7% [8] Group 3: 51WORLD - 51WORLD updated its prospectus on May 30, 2025, to continue its listing process on the Hong Kong Stock Exchange, with CICC and Huatai International as joint sponsors [11] - Founded in 2015, 51WORLD focuses on the digital twin industry, offering three core business platforms: 51Aes, 51Sim, and 51Earth, and is the first in the industry to propose a comprehensive digital twin solution [12][13] - The company achieved revenues of 170 million yuan, 256 million yuan, and 287 million yuan from 2022 to 2024, with gross margins of 65.0%, 54.2%, and 51.0% respectively [14] Group 4: Xi Puni - Xi Puni updated its prospectus on June 3, 2025, to advance its listing on the Hong Kong Stock Exchange [17] - Established in 2013, Xi Puni is a designer and manufacturer of precious metal watches, with its flagship brand "HIPINE" being the largest gold watch brand in China, holding a market share of 24.98% [18] - The company reported revenues of 324 million yuan, 445 million yuan, and 457 million yuan from 2022 to 2024 [19] Group 5: Weili Zhibo - Weili Zhibo updated its prospectus on June 4, 2025, aiming to become the first stock in the TCE field in China [21][22] - Founded in 2012, Weili Zhibo focuses on innovative therapies for cancer and autoimmune diseases, with 14 candidate drugs in its pipeline, including a core product in clinical registration [23] - The company secured investments from various institutions and achieved a post-C round valuation of 3.13 billion yuan in 2024 [25]
“苏超”爆火带飞股价,特朗普与马斯克的合与分丨一周热点回顾
Di Yi Cai Jing· 2025-06-07 02:09
Group 1: Su Chao and Cultural Tourism Consumption - The "Su Chao" football league has significantly boosted cultural tourism consumption in six host cities, with a total increase in consumption [1] - Over 180,000 fans attended matches, achieving attendance rates comparable to professional football leagues [1] - From June 2 to June 8, reservations for scenic spots in Jiangsu Province increased by 305% [1] - A-share football concept stocks surged, with multiple stocks hitting the limit up, including a five-day consecutive rise for Guochuang Turf and three consecutive 20% rises for Jinling Sports [1] Group 2: Changan and Dongfeng Restructuring - Changan Automobile and Dongfeng Automobile announced a pause in their restructuring plans due to the separation of Changan's indirect controlling shareholder [2][3] - The restructuring speculation had previously led to a surge in the capital market, but the current status remains unclear [3] - The automotive industry has seen a trend towards consolidation, indicating a maturation of the market [3] Group 3: National Standards for Intelligent Driving Assistance - A new mandatory national standard for intelligent connected vehicles' driving assistance systems is set to be established, with a project duration of 22 months [4][5] - The standard will cover technical requirements for motion control, driver monitoring, system safety, and testing methods [4] Group 4: Circle's IPO Performance - Circle, the issuer of the USDC stablecoin, saw its stock price surge by 168.48% on its first trading day, closing at $83.23 with a market cap exceeding $18 billion [6][7] - The company experienced a 25-fold oversubscription for its IPO, increasing the number of shares issued from 32 million to 34 million [6] - USDC's circulation has grown by 40% over the past year, significantly outpacing USDT's 10% growth [6] Group 5: Guangdong Government Investment Fund Regulations - Guangdong Province has introduced new regulations for government investment funds, stipulating that management fees must be paid from fund earnings rather than principal [8][9] - This change could lead to challenges for fund managers if the funds do not generate profits, potentially eliminating their primary income source [9] Group 6: South Korea's New President - Lee Jae-myung was inaugurated as South Korea's president, winning with 49.42% of the vote, ending a period of political uncertainty [10][11] - His administration aims to focus on developing emerging industries like AI and fostering a fair economy while navigating challenges in economic recovery and social cohesion [11] Group 7: US Steel and Aluminum Tariffs - The US has raised tariffs on steel and aluminum imports from 25% to 50%, citing national security concerns [12][13] - This move has faced criticism for potentially harming the US manufacturing sector and disrupting global supply chains [12] Group 8: Trump and Musk's Public Dispute - A public feud has erupted between former President Trump and Elon Musk, triggered by legislative changes affecting electric vehicle tax credits [13][14] - The conflict reflects deeper tensions between the two figures, impacting Tesla's stock price, which fell by 14.26% following the dispute [14]
多次熔断!暴涨超220%!香港,也传出大动作!
券商中国· 2025-06-06 13:12
值得关注的是,当地时间周四,稳定币发行商Circle在纽交所上市交易,成为稳定币领域首家上市公司。当 天,Circle股价高开高走,盘中涨幅一度达到235%,并多次因股价波动过大而触发熔断。截至当天收盘, Circle上涨168%,市值达184亿美元。 另外,周五美股盘前,Circle股价再度大涨,涨幅一度超过20%。若以此计算,Circle的最新股价较发行价已暴 涨超220%。 稳定币,最近有点火! 据最新消息,6月6日,香港特区政府于宪报刊登《稳定币条例(生效日期)公告》,指定8月1日为《稳定币条 例》开始实施的日期。据悉,该条例的主要目的是监管涉及稳定币的活动,并于香港就受规管稳定币活动设立 发牌制度。 上市疯涨 香港财经事务及库务局局长许正宇表示:"《条例》生效后,该发牌制度将为相关的稳定币活动提供适切规 范,是促进香港的稳定币和数码资产生态圈可持续发展的里程碑。" 香港金融管理局总裁余伟文此前也曾表示,"《条例》建立了一个风险为本、务实和灵活的监管制度。相信稳 健和适切的监管环境可以创造有利条件,支持香港稳定币以至数码资产生态圈的健康、负责任和可持续发 展。" 中信建投表示,《稳定币条例》标志着全球 ...
稳定币第一股Circle上市首日飙涨168%,市值1300亿人民币
Sou Hu Cai Jing· 2025-06-06 01:16
潮新闻客户端 记者 张云山 加密世界与传统资本市场的边界,正在被稳定币公司Circle击穿。 "开盘暴涨122%,盘中最高涨幅超234%"——这不是某个山寨币的魔幻故事,而是全球第二大美元稳定 币发行商Circle登陆纽交所的实况。美东时间6月5日,Circle(股票代码CRCL)以每股31美元发行价登 陆纽交所,开盘价直接飙升至66.75美元。经历盘中熔断后继续上冲,最终收于82.88美元,单日涨幅达 167.35%,市值瞬间膨胀至182.78美元,约1316亿人民币。 Circle股价大涨(同花顺截图) 破壁者效应:传统金融与加密世界的双向奔赴 Circle上市的高光表现,映射出传统资本对加密资产的认知转变。"这不仅是稳定币第一股,更是现实世 界资本对链上金融基础设施的价值重估。"分析人士认为,随着Visa、PayPal等巨头相继布局稳定币,这 个曾被视作边缘产物的领域正成为兵家必争之地。Circle的核心竞争力在于其对监管合规的极致追求 ——每月发布储备金审计报告,持有纽约州信托牌照等举措,使其成为摩根大通等传统机构进入加密世 界的首选通道。 当然,其中风险依然不可忽视:美国尚未出台稳定币联邦立法,Te ...
“稳定币第一股”Circle上市!股价暴涨,价值几何
Bei Jing Shang Bao· 2025-06-05 22:48
美东时间6月5日,稳定币领域迎来历史性时刻:全球第二大挂钩美元的稳定币USDC发行商Circle,正式在纽约证券交易所挂牌上市,股票代码为"CRCL", 发行价为每股31美元。 当日开盘后,Circle表现惊艳,IPO首日开盘涨122.58%,报66.75美元,此后再次实现股价跳涨,盘中最高涨幅超234%,引发市场高度关注。 Circle成立于2013年,是一家总部位于美国的金融科技公司,核心产品为USDC。该稳定币与美元1:1锚定,在全球范围内被用于支付、结算以及数字美元价 值存储,市场份额仅次于Tether发行的USDT。 引发关注的是,这是稳定币领域首个IPO,成功上市,或意味着稳定币商业模式得到传统资本市场认可。 回溯Circle的资本化历程,其实并非一帆风顺。如今,这场承接加密市场火爆情绪的IPO,究竟价值几何?哪些风险需要警惕?对于整个行业又有何意义? 开盘首日股价最高涨幅超234% 美东时间6月5日,Circle正式在纽约证券交易所上市,敲定发行价为31美元,发行规模扩大至3400万股,共计募资10.54万美元。 更惊艳市场的是开盘表现,IPO首日开盘涨122.58%,因价格涨幅波动性过大,Ci ...