Group 1 - The company, Gao Shan Enterprises (00616.HK), announced a non-binding memorandum of understanding regarding the subscription of shares in a joint venture [1] - The joint venture aims to develop and/or invest in stablecoins and other blockchain-related businesses in the Association of Southeast Asian Nations (ASEAN) [1] - The expected number of subscribers for the joint venture is between five to ten, with a total fundraising target of approximately 4.5 million USD [1]

Group 1 - The company has entered a non-binding memorandum of understanding to subscribe for shares in a joint venture focused on developing and/or investing in stablecoins and blockchain-related businesses in Southeast Asia [1] - The expected number of subscribers for the joint venture is between five to ten, with a total fundraising target of approximately $4.5 million [1] - The establishment of the joint venture is anticipated to enhance the company's participation in the stablecoin and blockchain sectors [1] Group 2 - The market capitalization of stablecoins is projected to reach between $500 billion and $750 billion in the coming years, with the U.S. Treasury predicting it could reach $2 trillion by 2028, significantly up from the current $260 billion [1] - Stablecoins are experiencing unprecedented growth, with transaction volumes surpassing traditional payment networks; in 2024, stablecoin transaction volume reached $276 trillion, exceeding the combined transaction volume of Visa and Mastercard [1][2] - The company observes that the adoption of tokenized cash via blockchain technology is enhancing the ability to complete payments globally in a fast, secure, and cost-effective manner, indicating a potential major transformation in the payment industry [2]

Group 1 - The company has entered into a non-binding memorandum of understanding to subscribe for shares in a joint venture focused on developing and investing in stablecoins and blockchain-related businesses in ASEAN countries [1] - The expected number of subscribers for the joint venture is between five to ten, with a total fundraising target of approximately $4.5 million [1] - The establishment of the joint venture is anticipated to enable the company to participate in or invest in the stablecoin and blockchain sectors [1] Group 2 - The market capitalization of stablecoins is projected to reach between $500 billion and $750 billion in the coming years, with the U.S. Treasury predicting it could reach $2 trillion by 2028, representing an increase of over eight times from the current level of $260 billion [1] - Stablecoins are experiencing unprecedented growth, with transaction volumes surpassing traditional payment networks; in 2024, stablecoin transaction volumes reached $27.6 trillion, exceeding the combined transaction volumes of Visa and Mastercard [1] - The company observes that the adoption of tokenized cash using blockchain technology is enhancing the ability to complete payments globally in a fast, secure, and cost-effective manner, indicating a potential significant transformation in the payment industry [2] - The circulation of stablecoins has doubled within 18 months starting from January 2024, although they currently facilitate only about $30 billion in daily transactions, accounting for less than 1% of global capital flows [2]

根据谅解备忘录，公司与其他潜在认购方拟认购合营公司的股份，而预期该公司的主要业务为于东南亚 国家联盟(东盟)发展及╱或投资稳定币及╱或其他区块链相关业务。预期合营公司的认购方数目为五至 十名，而预期募集资金总额约为4.5百万美元。 合营公司为一间于开曼群岛注册成立的有限公司。根据公司所得资料，于公布日期，共有两名合营公司 的潜在认购方(包括集团)订立谅解备忘录。另一名潜在认购方为Harvest Vast Limited(一间于英属处女群 岛注册成立的有限公司)，该公司为富途控股有限公司(其已发行股份于纳斯达克上市(股票代码： FUTU))的附属公司。于公布日期，富途控股有限公司的市值约为156.9亿美元。 公司观察到，稳定币正在经历前所未有的增长，交易量超越传统的支付网络。于2024年，稳定币的交易 量达27万6千亿美元，超越Visa与万事达卡合计的交易量。于2025年第一季度，稳定币的交易量再度超 越Visa，证明稳定币在全球支付领域的主导地位日益牢固。 格隆汇12月24日丨高山企业(00616.HK)宣布，于2025年12月24日，集团订立一份不具法律约束力的谅解 备忘录，内容有关认购一间合营公司的股份。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 EMINENCE ENTERPRISE LIMITED 高山企業有限公司 （於百慕達註冊成立之有限公司） （股份代號：616） 自願性公佈 訂立諒解備忘錄 本 公 佈 乃 由 高 山 企 業 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）自 願 作 出，以 就 本 集 團 業 務 發 展 向 本 公 司 股 東（「股 東」）及 潛 在 投 資 者 提 供 最 新 資 料。 諒解備忘錄 本 公 司 董 事（「董 事」）會（「董事會」）欣 然 宣 佈，於2025年12月24日，本 集 團 訂 立 一 份不具法律約束力的諒解備忘錄（「諒解備忘錄」），內容有關認購一間合營公司（「合 營公司」）的 股 份。 根 據 諒 解 備 忘 錄，本 公 司 與 其 他 潛 在 認 購 方 擬 認 購 合 營 公 司 的 股 份，而 預 期 該 公 司 的 主 要 業 務 為 於 東 南 亞 國 ...

作为国家标准周系列活动之一，本次大会汇聚了产、学、研、用各界代表，共同回顾了中国区块链产业八年发展历程，展示了以飞梭链为核心的开源生 态在服务实体经济、构建可信基础设施、促进区域互联互通方面的扎实成果。 12月19日，由全国区块链和分布式记账技术标准化技术委员会（TC590）、微众银行、深圳市金融区块链发展促进会（简称"金链盟"）联合主办 的"2025区块链国家标准周暨飞梭链FISCO BCOS开源八周年嘉年华"在深圳"前海5号楼"举行。 深度依托前海在跨境金融、深港联动、开放创新等领域的战略优势，微众银行根植于前海这片金融科技发展沃土，始终以科技为核心发展引擎，自2015 年起布局区块链，并于2017年牵头金链盟开源工作组推出国产区块链底层平台——飞梭链FISCO BCOS，迄今已持续深耕八载。 在促进跨区域乃至国际互联互通方面，飞梭链生态展现出显著价值。在应用方面，微众银行跨境科技团队负责人叶林松与国家（深圳·前海）新型互联 网交换中心市场部部长陈一家，介绍了"深圳-新加坡数据跨境验证平台"的实践，其为安全、高效的国际数据流动提供了中国范式。在技术方面，飞梭链已 全面兼容国内外主流软硬件，具备灵活的全球化 ...

Core Insights - The report highlights the development and industrial application of the FISCO BCOS blockchain over the past eight years, emphasizing its integration with the real economy and the creation of 600 benchmark applications across various sectors [1][21][25]. Group 1: Integration with the Real Economy - FISCO BCOS has established itself as a "trust technology," facilitating deep integration with the real economy and addressing collaboration bottlenecks [1][23]. - The platform has successfully created applications in finance, governance, healthcare, and supply chain management, demonstrating its capability to enhance operational efficiency and trust [25][29]. - Notable applications include a comprehensive elderly service project that integrates over 60 government services, achieving a 92% user satisfaction rate [26]. Group 2: Data Infrastructure Upgrade - FISCO BCOS is positioned as a core component of new data infrastructure, enabling secure and efficient data flow, akin to "new oil" in the digital economy [30][32]. - The establishment of cross-border data verification platforms, such as the Shenzhen-Singapore platform, exemplifies innovative data circulation models that enhance economic cooperation [32][34]. - The Trusted Data Space initiative aims to create a collaborative ecosystem for data sharing, leveraging blockchain for data sovereignty and access control [33]. Group 3: Global Financial Innovation - The report discusses the "catalyst effect" of blockchain, where regulatory bodies and major financial institutions are increasingly adopting blockchain and Web3.0 technologies [36][38]. - Central bank digital currencies (CBDCs), like eCNY, are highlighted as innovative tools that enhance payment efficiency and transparency in cross-border transactions [37]. - Major financial institutions, including BlackRock and JPMorgan, are actively pursuing asset tokenization, indicating a shift towards blockchain as a foundational technology for modern financial markets [38][39].

全 中新网上海12月22日电 (记者 陈静)作为全国首个区块链底座即服务平台，"静数空间"22日分别与5家数 通链谷数字公共服务中心的数字服务商、首批5家数据应用单位签订意向合作协议，将为中小企业提 供"高可用、高可信、低门槛、低成本"的数据流通服务，进一步丰富数字服务资源与应用场景，助力区 域数字产业协同发展。 22日，由上海市数据局、上海市静安区人民政府指导的静安区构建数字公共服务体系生态大会暨"全球 服务商计划"生态共建活动在市北高新园区举行。数字企业、行业组织及学术机构代表等齐聚现场，共 话数字公共服务生态构建与区块链场景化应用发展新路径。当日活动聚焦数字企业出海需求，全球服务 商理事会秘书长陈艳详细介绍了一站式出海服务中心与新出海学院的功能定位与服务内容，并以第14名 服务官的身份加入数通链谷数字公共服务中心服务团队。相关企业负责人谢靖分享数字企业出海实战案 例，为同行提供了宝贵的实操借鉴。 一年来，场景集市累计集结优质企业超300家、行业精英超800人、精准撮合18个场景应用，在成果转化 方面，集市累计达成10项明确合作意向，6项推进中的合作。据悉，未来，"区块链+"场景集市将以"场 景牵引、服务 ...

Core Insights - FISCO BCOS has established itself as one of the largest and most active domestic open-source alliance blockchain ecosystems in China, gathering over 5,000 institutions and 100,000 individual developers, with 600 industry digitalization benchmark applications [1][24][20] - The value reassessment of FISCO BCOS revolves around three main logics: deep integration with the real economy, driving data infrastructure upgrades, and stimulating global financial innovation [1][27][32] Group 1: Industry Applications - The blockchain applications cover 19 major fields, with significant benchmark case results in infrastructure, cross-border services, smart governance, green low-carbon initiatives, healthcare, social welfare, rural revitalization, financial services, and more [2][43] - In the infrastructure sector, the Blockchain Service Network (BSN) has established a national digital credential system, while cross-border data verification platforms have addressed credit isolation issues, facilitating cross-border financing and talent mobility [2][8] - In the financial services sector, blockchain solutions have alleviated financing difficulties for small and micro enterprises through supply chain finance systems and regional equity platforms [2][10] Group 2: Technological Advancements - FISCO BCOS boasts a high performance of over 200,000 TPS (transactions per second) and is compatible with mainstream software and hardware, integrating privacy computing and artificial intelligence technologies [2][24] - The open-source nature of FISCO BCOS promotes multi-party collaboration, forming a trusted collaborative network across industries and regions [2][24] Group 3: Future Directions - FISCO BCOS aims to continue deepening technological development and expanding application scenarios, pushing blockchain further into production and daily life, becoming a cornerstone of the digital civilization era [2][20] - The establishment of cross-border data verification platforms, such as the Shenzhen-Singapore platform, exemplifies the practical value and demonstration effect of blockchain in enhancing economic cooperation and talent flow [28][30]

Core Viewpoint - The article emphasizes the importance of establishing a robust standard system in the Guangdong-Hong Kong-Macao Greater Bay Area to support high-quality development and enhance global competitiveness through regional collaboration and international standardization efforts [1][4]. Group 1: Standard System Development - The Greater Bay Area has jointly announced 262 "Bay Area Standards" covering 36 fields, including transportation, water conservancy, traditional Chinese medicine, green ecology, and elderly care, creating a positive ecosystem driven by government guidance, market leadership, and collaboration among the three regions [1]. - A focus on emerging industries and future sectors is essential to build a forward-looking standard system that guides industrial upgrades and provides regulatory support, particularly in artificial intelligence and digital economy sectors [2][3]. Group 2: Internationalization and Regional Collaboration - The article discusses the need for a dual empowerment mechanism of "standard internationalization + regional collaboration" to enhance global rule-making power, advocating for the integration of Bay Area standards with international standards [4][5]. - Strengthening regional collaboration and establishing a multi-level international cooperation network is crucial, including standard mutual recognition mechanisms with countries along the Belt and Road Initiative [5]. Group 3: Implementation and Governance - A "technology empowerment + governance innovation" framework is proposed to ensure effective implementation of standards, utilizing advanced technologies like big data and artificial intelligence for real-time monitoring and evaluation [6][7]. - The establishment of incentive mechanisms for enterprises adopting Bay Area standards is recommended, including tax benefits and funding support, to encourage compliance and participation in standard formulation [7].