新华财经北京7月8日电（王菁）"扩大南向通参与机构范围，加入券商、保险公司、理财及资产管理公司""优化离岸人民币债券回购业务，允许回购期间债 券再质押使用"......在债券通迈过八周年之际，"南向通"业务迎来更多增量支持政策。 在此前就多次提及和释放信号的基础上，7月8日，香港证券及期货事务监察委员会行政总裁梁凤仪在"债券通周年论坛2025"上表示，中国人民银行和香港金 管局宣布数项债券通优化扩容的措施，进一步推动债券市场互联互通的发展。 业内人士指出，债券通"南向通"已经平稳运行将近四年，托管规模和成交量稳步提升，市场机构需求更趋多元化，系列扩容举措从主体、业务等多角度加强 支持力度，将为债券通发展注入新动能，进一步便利境外投资者获取人民币流动性支持，提升香港作为离岸人民币业务中心的竞争力。 | 时间 | 托管数量 | 期末托管规模 | 同比 | | --- | --- | --- | --- | | | (月) | (亿元) | 増幅 | | 2023年1月 | 572 | 3614. 2 | 1.20% | | 2024年2月 | 572 | 3645. 7 | 0. 90% | | 2024年3月 ...

Proceeds to further solidify balance sheet as Company advances long-term growth strategyLAKEWOOD, NJ, July 08, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance,” “we,” “us,” “our” or the “Company”) today announced it has completed an asset sale of Fortman Insurance Services (“Fortman”), a wholly owned subsidiary, for $5 million in cash. The transaction marks the successful execution of a strategic initiative to monetize a non-core asset and further strengthen the Company’s fina ...

Celebration, FL, July 08, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a real estate and PropTech company, today announced a strategic agreement between its wholly owned subsidiary, La Rosa Realty LLC (“La Rosa Realty”), and The Agency Dominican Republic (“TADR”), securing rights for its agents to act as co-brokers to market and sell units of the IBIS Romana Bayahibe (“IBIS”) project in Dominican Republic, and exclusive rights for any sales of IBIS in Puerto R ...

Financial Performance & Efficiency - eXp leads the industry in profitability and is the 1 largest-scale new entrant by transactions[23] - eXp's Q1'25 Adjusted EBITDA is 1 and growing[37] - eXp's revenue is $4,104 million, while operating expenses per transaction is $638[39] - eXp has allocated $198 million in revenue share to its agents in the last 12 months[49] - eXp's cumulative adjusted operating cash flow since 2017 is $1,036 million[87] - eXp's cumulative share repurchases and dividends since 2019 is $818 million[88] Growth & Market Expansion - New Entrants agents increased by 51,074, while Legacy Brokerages agents decreased by 18,272[31, 32] - eXp's international revenue growth in 2024 was 63% year-over-year[123] - North American Realty revenue was $923 million in Q1 2025, while International Realty revenue was $31.7 million, a 103% year-over-year increase[147] Agent Value Proposition - Approximately 41% of agents and brokers participate in the agent equity commission program[53]

Company Overview - eXp World Holdings operates as a global cloud-based real estate brokerage and enterprise metaverse platform[5] - The company has a global network of over 80,000 agents as of April 20, 2022[9, 10] - eXp's revenues (TTM) are $42 billion as of March 31, 2022[11] Financial Performance - Q1 2022 revenue was over $427 million, with net income exceeding $4 million compared to 2021[9] - The company has consistent positive cash flow and no long-term debt[9] - Total Q1 2022 revenue reached $1 billion[16] Growth and Competitive Advantage - eXp Realty is ranked as the 1 growth leader across agent count, volume, and transactions[9, 10, 20] - The company experienced 55% year-over-year agent growth in Q1 2022[16] - eXp is capturing global market share with 314%+ year-over-year international agent growth[23] Agent Value Proposition - eXp offers a unique agent value proposition, including an attractive commission structure, revenue share, and equity[7] - Agents receive an 80/20 commission split with a $16,000 cap[27, 55] - The company provides equity awards for agents meeting production criteria[21, 27]

Company Overview - eXp World Holdings operates a global cloud-based real estate brokerage and enterprise metaverse platform[5] - The company also has an ecosystem of personal development resources and media[6] - eXp's cloud-based model enables richer unit economics and broader geographical reach for agents[20] Financial Performance - eXp World Holdings' Q2 2022 revenue increased by 42% year-over-year[11] - The company's operating cash flow increased by 27% year-over-year[11] - As of June 30, 2022, eXp World Holdings had $134.9 million in cash and cash equivalents[13] - The company's total revenue for the trailing twelve months (TTM) ending Q2 2022 was $46132 million[16] Agent Growth and Global Expansion - eXp has over 83000 agents as of August 3, 2022[11] - Agent growth in Q2 2022 was 42% year-over-year[18] - eXp is expanding globally with 21 markets worldwide[11] - The company experienced 94% year-over-year international agent growth[25] Agent Value Proposition - eXp returns over 90% of commission to agents, inclusive of revenue share and equity[24] - Agents receive an 80/20 split on first $80000 gross commission income (GCI) with a $16000 yearly cap[30]

Financial Performance - Full Year 2022 - eXp World Holdings reported revenue of $4.6 billion, a 22% year-over-year increase[18, 31] - eXp North American Realty contributed $4.55 billion in revenue, representing approximately 99% of eXp World Holdings' total revenue, also a 22% year-over-year increase[18, 31] - eXp International Realty's revenue grew by 102% year-over-year to $36 million[31] - Adjusted EBITDA for eXp World Holdings was positive, although it decreased by 22% year-over-year to $60.5 million[18, 32, 34] - The company's gross margin increased by 24% to $366.9 million[34, 35] Financial Performance - Q4 2022 - Q4 2022 revenue was $933 million, a 13% decrease compared to the previous year[37, 39] - Adjusted EBITDA for Q4 2022 was $3.6 million, a 73% decrease year-over-year[37, 39] - eXp North American Realty's Q4 revenue was $920.7 million, a 14% decrease year-over-year[37] Agent Network and Operational Metrics - The agent count increased by 21% year-over-year, reaching over 86,000 agents[18, 34, 35, 39, 40, 42] - The company's agent Net Promoter Score (aNPS) was 71 for the full year and 73 for Q4[22, 34, 39] - The number of units sold was 511,889 for the full year, a 15% increase year-over-year, but decreased by 13% to 109,168 units in Q4[34, 39]

Core Viewpoint - Robinhood is facing regulatory scrutiny in the EU for offering tokenized equities of OpenAI, which the AI startup has disavowed any association with [1][3]. Regulatory Scrutiny - The central bank of Lithuania, Robinhood's main regulator in the EU, has requested clarification on the structure of OpenAI and SpaceX tokens to assess their legality and compliance [2]. - The Bank of Lithuania has contacted Robinhood and is awaiting further information regarding these stock tokens [2]. Company Position - OpenAI has warned investors to be cautious about the tokens issued by Robinhood, stating that these tokens do not represent OpenAI equity and that they did not partner with Robinhood [3]. - OpenAI emphasized that any transfer of its equity requires its approval, which has not been granted for these tokens [3]. Product Offering - Robinhood's Stock Tokens, launched on June 30, are derivatives recorded on the blockchain that track the prices of publicly traded stocks and ETFs, providing investors with exposure to the U.S. market [4]. - Investors are purchasing tokenized contracts that follow share prices rather than actual shares, and while they can buy, sell, or hold these tokens, they cannot transfer them to other wallets or platforms [4]. Market Context - OpenAI and SpaceX are not publicly traded, but their equity may be available in the secondary market for pre-IPO shares [5]. - Robinhood has stated that it offered a "limited Stock Token giveaway" for OpenAI and SpaceX to eligible European customers, providing retail investors with indirect exposure to private markets [5].

Core Insights - Waton Financial Limited has successfully completed its initial public offering and began trading on Nasdaq under the ticker symbol "WTF" on April 1, 2025, marking a significant milestone for the company [2][8] - The company introduced a global AI strategy during the IPO ceremony, aiming to transition from a traditional brokerage model to one that supports AI-based entities, indicating a long-term vision for integrating advanced AI technologies into its operations [4][5] Company Overview - Waton Financial Limited is a holding company registered in the British Virgin Islands, primarily engaged in securities brokerage, asset management, and software licensing through its subsidiaries in Hong Kong [8] - The company emphasizes a technology-driven and customer-centric approach to deliver innovative financial solutions to both retail and institutional investors [8]

Group 1 - The Bank of Lithuania has reached out to Robinhood for clarifications regarding its tokenized equities after concerns were raised by OpenAI [1][2] - The central bank is awaiting information to assess the legality and compliance of Robinhood's stock tokens, emphasizing the need for clear and non-misleading communication to investors [2] - Robinhood holds a brokerage license and a crypto asset service provider license from the Bank of Lithuania, which serves as its lead regulator in the European Union [2]