信达证券指出，散户证券投资咨询市场空间广阔，且随居民财富积累需求日益增加。同时，公司深度把 握短视频流量风口，商业模式创新带来高斜率成长。另外，公司新一轮配售直指稳定币、RWA，有望 开辟第二成长曲线。该行认为，公司作为金融科技及服务行业领先企业，以新颖高效的商业模式和扎实 的投教内容快速打开市场，并有望从未来国内居民端的财富增长中不断受益。 智通财经APP获悉，九方智投控股(09636)盘中涨超10%，高见82.6港元再创历史新高。截至发稿，涨 6.48%，报79.65港元，成交额4.76亿港元。 消息面上，近日，A股市场成交额连续多日突破2万亿元、两融余额时隔十年重回2万亿元以上。国元证 券指出，建议投资者关注资本市场的长期发展逻辑，并重点关注金融科技行业的头部公司。开源证券表 示，市场交易活跃度持续抬升，两融规模扩张、权益自营加仓和海外业务高景气有望带来券商业绩超预 期。推荐金融科技主线等。 ...

Core Viewpoint - Jiufang Zhitu Holdings (09636) has seen a stock price increase of over 4%, currently trading at 74.2 HKD with a transaction volume of 365 million HKD, following its strategic initiatives in the AI sector [1]. Group 1: Company Developments - On August 15, Jiufang Zhitu's subsidiary, Jiufang Zhiying, participated in the "Mosu Space" co-construction ceremony in Shanghai, which is a key platform for the national AI initiative [1]. - The "Mosu Space" aims to establish a global AI hub and is focused on creating a closed loop of technology, industry, and application for large models [1]. - During the ceremony, Jiufang Zhiying signed a strategic cooperation agreement with Tencent Cloud to explore applications and implementations in the AI field [1]. Group 2: Market Context - The Shanghai Composite Index has reached new highs, indicating a vibrant market that is positively impacting brokerage firms [1]. - Xinda Securities highlighted that Jiufang Zhitu, as a leading company in the fintech and services sector, is rapidly capturing market share through innovative business models and solid investment education content [1]. - The company is expected to benefit from the future wealth growth of domestic residents, with a new round of placements targeting stablecoins and RWA, potentially opening a second growth curve [1].

Group 1 - Jiufang Zhitu Holdings (09636) saw a stock increase of over 4%, currently trading at 74.2 HKD with a transaction volume of 365 million HKD [1] - On August 15, Jiufang Zhiting participated in the "Mosu Space" co-construction ceremony in Shanghai, which is a key platform for China's AI development [1] - The "Mosu Space" aims to create a closed loop of technology, industry, and application for large models, reflecting a national mission [1] Group 2 - Jiufang Zhiting signed a strategic cooperation agreement with Tencent Cloud to explore applications and implementations in the AI field [1] - The recent surge in the Shanghai Composite Index has led to increased trading activity, positively impacting brokerage firms [1] - Xinda Securities (601059) highlighted its position as a leading company in the fintech and services sector, benefiting from innovative business models and solid investment education content [1]

Group 1 - Jiu Fang Zhi Tou Holdings (09636) saw a stock increase of over 4%, reaching 74.2 HKD with a trading volume of 365 million HKD [1] - On August 15, Jiu Fang Zhi Qing participated in the "Mo Su Space" co-construction ceremony in Shanghai, which is a key platform for China's AI development [1] - The "Mo Su Space" aims to create a closed loop of technology, industry, and application for large models, reflecting a national mission [1] Group 2 - Jiu Fang Zhi Qing signed a strategic cooperation agreement with Tencent Cloud to explore applications and implementations in the AI field [1] - The recent surge in the Shanghai Composite Index has positively impacted brokerage firms, with Xinda Securities highlighting the company's innovative business model and solid investment education content [1] - The company is expected to benefit from the future wealth growth of domestic residents, with a new round of placements targeting stablecoins and RWA, potentially opening a second growth curve [1]

Group 1 - Jiufang Zhitu Holdings (09636) saw its stock price increase by over 18%, currently trading at 58.95 HKD with a transaction volume of 761 million HKD [1] - On August 14, A-share trading volume surged to 2.3 trillion, marking it as the 7th highest in history and the 2nd highest in the last decade for both trading volume and margin financing [1] - According to Cinda Securities, the retail securities investment consulting market has significant growth potential, driven by increasing wealth accumulation among residents [1] Group 2 - Jiufang Zhitu, as a leading company in the fintech and services sector, is rapidly capturing market share through innovative and efficient business models along with solid investment education content [1] - The acquisition of Yintech Financial, announced on April 3, includes core assets such as Fangde Securities and Fangde Capital, which is expected to enhance synergy and diversify the business landscape [1] - In July, the company completed a strategic placement, achieving multiple times oversubscription and raising 100 million USD, which is anticipated to enrich the company's business ecosystem and expand into various niche markets [1] Group 3 - The company aims to extend its global market reach, focusing on Hong Kong and the Middle East, thereby broadening its regional coverage and providing more international revenue sources [1] - Jiufang Zhitu is working towards creating a closed-loop system that integrates trading, asset management, and investment advisory services [1]

Core Viewpoint - Jiufang Zhitu Holdings (09636) has seen a significant stock price increase, rising over 18% in the afternoon trading session, reflecting strong market interest and potential growth in the financial technology sector [1] Group 1: Market Performance - As of the latest report, Jiufang Zhitu's stock price is at 58.95 HKD with a trading volume of 7.61 billion HKD [1] - On August 14, the A-share market recorded a trading volume of 2.3 trillion CNY, marking it as the 7th highest in history and the 2nd highest in the last decade for both trading volume and margin financing [1] Group 2: Industry Insights - According to Xinda Securities, the retail securities investment consulting market has significant growth potential, driven by increasing wealth accumulation among residents [1] - Jiufang Zhitu, as a leading player in the financial technology and services industry, is positioned to benefit from the growing wealth of domestic residents through its innovative business model and solid investment education content [1] Group 3: Strategic Developments - On April 3, Jiufang Zhitu announced the acquisition of Yintech Financial, which includes core assets such as Fangde Securities and Fangde Capital, expected to enhance synergy and diversify its business landscape [1] - In July, the company completed a strategic placement, achieving multiple times oversubscription and raising 100 million USD, which is anticipated to enrich its business ecosystem and expand into various niche markets including RWA underlying assets, digital asset exchanges, and custodial banking [1] - The company aims to extend its global market reach, focusing on Hong Kong and the Middle East, to provide a more international revenue source [1] - Jiufang Zhitu is working towards creating a closed-loop system encompassing trading, asset management, and investment advisory services [1]