Industry Overview - The global cross-border payment market is expected to exceed $45 trillion by 2025, with RMB settlement accounting for 5.8% and China's cross-border payment market reaching 9.4 trillion yuan, a year-on-year growth of 25% [1][2] - Three structural changes are occurring in the cross-border payment market: technological revolution driven by blockchain and AI, regulatory breakthroughs such as the EU's MiCA regulation, and market restructuring with local payment ecosystems emerging in Latin America and Southeast Asia [2] Company Highlights 1. Cuiwei Co., Ltd. - Subsidiary Haike Rongtong has blockchain cross-border settlement technology, reducing settlement time to 5 seconds and covering 42 countries [4] 2. Gaweida - Develops digital RMB systems, CIPS cross-border payment solutions, and AI financial applications [6] - Positioned as a key technology supplier for global financial technology services, leveraging national dual circulation strategy and RMB internationalization [7] 3. Donggang Co., Ltd. - Accesses CIPS system through its Hong Kong subsidiary, deploying over 12,000 smart POS terminals in Southeast Asia and the Middle East [9] - Cross-border payment revenue is projected to increase from 3% in 2023 to 8% [9] - Develops a blockchain platform for KYC/AML compliance and real-time monitoring of stablecoin transactions [9] 4. Newland - Recognized as a benchmark enterprise for the integration of digital RMB cross-border business [12] 5. Jinyi Culture - Constructs a distributed system supporting digital wallet management and smart contracts [13] - Integrates AI, digital RMB, and stablecoin technologies for next-generation cross-border payment infrastructure [14] 6. Hailian Jinhui - Core technology partner of Ant Group's stablecoin ecosystem, leading in cross-border payment and digital currency hardware encryption [15] 7. Electric Science and Technology Network Security - Serves as a core supplier for the security foundation of digital currency cross-border payments [16] 8. New Guodu - Employs a three-pronged approach of hardware, systems, and localization to capture emerging market cross-border payment opportunities [17] 9. Xiongdi Technology - Provides digital RMB services to nearly 15,000 merchants and collaborates with major international card organizations [19] - Engages in the mBridge project to enhance the efficiency of digital RMB cross-border transactions [19] 10. Guangdian Yuntong - A leading enterprise in the commercialization of blockchain technology in the cross-border payment sector [21] 11. Lakala - Becomes the preferred partner for small and medium enterprises in cross-border e-commerce through a "payment + e-commerce + risk control" ecosystem [22] 12. Feitian Chengxin - Recognized as a global leader in hardware security for digital currency cross-border payments [23] Market Opportunities - The technological iteration, regulatory breakthroughs, and market restructuring in the cross-border payment and digital currency sectors are expected to create trillion-dollar opportunities [24] - Investors are encouraged to focus on companies with a combination of technology, licenses, and practical applications to benefit from the internationalization of the RMB and the digital finance revolution [24]