Group 1 - The core point of the article is the successful launch of Hong Hao's knowledge-sharing platform, which attracted over 8,900 paid subscribers within 10 days, generating estimated revenue exceeding 8 million yuan [1][4][21] - Hong Hao's knowledge-sharing initiative is positioned as a value-added service for paid research reports, focusing on real-time market observations and investment-related information [4][7] - The trend of financial professionals transitioning to the knowledge payment sector is noted, with several former analysts from brokerage firms successfully establishing their own platforms [3][21] Group 2 - Hong Hao's previous role as CEO of Huafu International and his subsequent resignation to focus on independent research and hedge fund management is highlighted [14] - The article mentions other financial analysts who have entered the knowledge payment space, such as Liu Yuhui and Liu Xiang, indicating a growing trend among brokerage analysts to monetize their expertise [3][17][21] - The shift towards knowledge payment is seen as a response to the pressures faced by traditional brokerage businesses, with analysts seeking new revenue streams amid declining commission incomes [21]