在这场数字殖民中，技术优势与法律霸权形成双重绞杀。美国通过《GENIUS法案》强制稳定币储备美 债，将虚拟货币交易纳入美元结算体系，阻止他国绕开美元结算。2023至2025年，美国支持的黑客组织 对全球交易所发起定向攻击，植入后门、鱼叉钓鱼等手段窃取核心数据，与司法部门的执法行动形成精 准配合。正如报告指出，美国通过控制交易流向、强制合规改造，将区块链整合进美元主导的金融体 系，任何挑战美元霸权的尝试都可能面临资产被"合法"没收的风险。 面对美国的科技殖民，全球需构建技术自主权。中国推动的央行数字货币、欧盟拟推出的数字欧元，都 是打破美元垄断的尝试。而个人投资者更需警惕：当美国能随时冻结账户、改写规则时，"数字黄金"的 神话随时可能破灭。报告显示，美国没收的比特币仅是冰山一角，更多被秘密囤积作为战略资产。这场 没有硝烟的战争揭示了一个残酷现实：在数字时代，技术霸权比传统武力更具侵略性。若放任技术垄断 与法律霸权横行，数字世界终将沦为美元的新殖民地。 美国对虚拟货币的收割逻辑始于对技术链的绝对控制。全球90%的链上溯源市场被Chainalysis等美企垄 断，比特币核心协议研发权、交易所安全系统主导权尽数掌握。 ...

今天分享的是：波士顿咨询：2026数字货币：香港基金行业倍增式发展机遇研究报告 报告共计：32页 这份由BCG、Aptos Labs与恒生银行联合发布的报告，聚焦数字货币发展背景下香港基金行业的倍增式发展机遇，指出区块链技术推动 的代币化体系正重构全球金融基础设施，2026年成为香港链上金融发展的关键拐点，而代币化创新有望推动香港基金行业规模翻倍。 报告指出，传统金融报文体系存在效率低、结算滞后等痛点，代币化体系凭借价值直接传递、可编程、即时结算的特性成为金融演进新 方向。当前数字货币已步入商业化规模阶段，2025年11月锚定法币的稳定币市值突破3000亿美元，全球超130家央行探索央行数字货币， 代币化存款也在头部银行落地，三者互补共存形成多轨结算生态。代币化资产则从支付向投资领域延伸，2025年代币化基金市值从2024 年20亿美元跃升至80多亿美元，债券、大宗商品、房地产等资产的代币化也加速推进，预计2025至2033年数字货币和代币化资产市场规 模年复合增长率超50%。 三方在香港金管局"数码港元+"试点中，验证了Aptos公有许可链在代币化基金交易中的技术可行性，其具备亚秒级终局性、极低交易成 本， ...

文︱陆弃 路透社1月19日的报道，将全球关注的目光再一次拉回了货币体系深层的变动。印度储备银行提议，在 即将于今年举办的金砖国家峰会上，将各国央行数字货币进行互联，以便利跨境贸易与旅游支付。这一 提议看似技术性操作，实则蕴含复杂的地缘政治与国际金融逻辑。它不是单纯的支付便利工具，而是对 长期美元主导格局的一次微妙挑战，也揭示了新兴市场国家在全球经济体系中寻求自主空间的努力。美 国对此的敏感反应——从警告到威胁关税——再次证明了任何涉及绕开美元的尝试，都会触碰到国际秩 序的神经。印度提出这一倡议的时机和背景，既是其国内数字货币战略的延伸，也与美印关系近年的波 动紧密相关。 从国际政治角度看，这一提案的出现并非偶然，而是美印关系和全球地缘竞争格局变化的产物。近年 来，美国对印度在南亚及印太地区的外交自主性施压增加，贸易和技术合作中的摩擦频繁出现。在这种 情况下，印度通过金砖机制推动数字货币互联，既是一种对外展示自主性的手段，也是一种在不彻底触 碰美国底线前，拓展国际空间的策略。它反映出新兴市场国家在美元体系主导的全球金融结构中，寻找 灵活应对方式的典型思路：既要利用技术创新提升经济效率，又要通过多边平台实现战略杠 ...

Core Viewpoint - The Reserve Bank of India has proposed connecting central bank digital currencies (CBDCs) among BRICS nations to facilitate cross-border trade and tourism payments, potentially reducing reliance on the US dollar amid rising geopolitical tensions [1][2]. Group 1: Proposal Details - The proposal to connect CBDCs is suggested to be included in the agenda for the 2026 BRICS summit, which India will host later this year [1]. - If adopted, this would mark the first formal initiative to promote digital currency interoperability among BRICS members [1]. - The proposal is based on the Rio de Janeiro Declaration from the 17th BRICS leaders' meeting, which called for enhanced interoperability of payment systems among member countries to improve cross-border transaction efficiency [1]. Group 2: Challenges and Considerations - Successful implementation of the BRICS digital currency connection requires discussions on technical interoperability, governance rules, and addressing trade balance issues [2]. - Concerns among member countries regarding the adoption of foreign technology platforms may delay progress, highlighting the need for consensus on technical and regulatory aspects [2]. - Previous attempts by Russia and India to expand trade using local currencies faced obstacles, indicating potential challenges ahead [2]. Group 3: Geopolitical Context - India's approach to BRICS has shifted subtly due to deteriorating US-India relations, as it seeks to leverage BRICS' collective strength to present a new diplomatic stance towards the US [2]. - The proposal to connect CBDCs reflects India's interest in enhancing the international use and circulation of the Indian rupee while avoiding direct confrontation with the US government [2].

Core Viewpoint - The People's Bank of China has introduced measures to support the construction of the Western Land-Sea New Corridor, focusing on the integration of logistics, trade, and industry through innovative financial solutions [2][4]. Group 1: Financial Support Measures - The new policy outlines 21 key initiatives across six areas to enhance the financing system for the Western Land-Sea New Corridor, which currently connects 127 countries and regions with 583 ports and over 1,300 types of goods [2][4]. - A new fund will be established in Chongqing to aggregate various capital sources, including domestic and international investments, to facilitate infrastructure financing [2][3]. Group 2: Cross-Border Financial Services - The measures aim to improve cross-border settlement and financing services, addressing issues such as slow payment processes and financing difficulties for enterprises [3][4]. - The policy supports the development of integrated financial insurance services for multimodal transport, which can streamline logistics and enhance credit availability for logistics and foreign trade companies [3][4]. Group 3: Cross-Border Investment and Financing - The initiatives include the cancellation of preliminary fee registration for foreign direct investment and the optimization of reinvestment processes for foreign enterprises [7]. - There will be support for high-tech and specialized small and medium-sized enterprises to facilitate cross-border financing, broadening their funding channels [7][8]. Group 4: Digital Financial Services - The central bank plans to establish a digital financial service platform specifically for the Western Land-Sea New Corridor, promoting the use of central bank digital currency in cross-border payments [9][10]. - The initiative aims to connect with international trade single-window platforms and government service platforms to address systemic barriers and data silos [9][10].

Core Viewpoint - The People's Bank of China has introduced the "Opinions on Financial Support for Accelerating the Construction of the Western Land-Sea New Corridor," outlining 21 key measures to enhance the development of this corridor [1] Group 1: Financial Support Measures - The corridor connects 583 ports across 127 countries and regions, facilitating the transport of over 1,300 types of goods [3] - A new financial support model and service products have been established to create a multi-layered and diversified financing system for the corridor's construction [3] - A fund will be set up in Chongqing to aggregate various capital sources, including state-owned and private sectors, to address financing challenges in infrastructure and cross-regional industrial development [5] Group 2: Integration of Finance and Logistics - The measures focus on enhancing cross-border settlement and financing services for logistics, addressing issues like financing difficulties and slow settlement processes [7] - Development of multi-modal transport financial insurance services will streamline logistics operations, reducing disputes and improving credit accessibility for logistics and foreign trade enterprises [9] Group 3: Cross-Border Financing and Investment - Initiatives support pilot programs for integrated currency pools for multinational companies, aiming to lower operational costs [11] - The process for foreign direct investment and capital project foreign exchange payments has been optimized to facilitate international market expansion for corridor-related industries [12] Group 4: Digital Financial Services - A dedicated cross-border financial service platform for the Western Land-Sea New Corridor has been launched in Chongqing, serving over 800 enterprises and facilitating nearly 6 billion yuan in financing [14] - The central bank will support the establishment of a digital financial service platform to enhance the efficiency of financial services along the corridor [17] Group 5: International Cooperation - The measures encourage participation in multilateral central bank digital currency bridge projects to promote cross-border payments using digital currency [19] - Collaboration in green finance standards and products will be strengthened through mechanisms established with Singapore [19]

Core Viewpoint - The People's Bank of China and other departments have jointly issued guidelines to enhance financial support for the construction of the Western Land-Sea New Corridor, emphasizing the importance of financing and settlement functions to promote high-quality development [1] Group 1: Financial Support Measures - The guidelines propose 21 key financial support measures aimed at improving the financial services for the Western Land-Sea New Corridor [1] - The corridor currently connects to 583 ports in 127 countries and regions, with over 1,300 types of goods being transported, indicating its expanding influence [2] Group 2: Highlights of the Guidelines - The guidelines focus on regional coordinated development, addressing the common needs of different provinces while allowing for tailored financial services [3] - They emphasize institutional innovation for opening up, providing efficient settlement and financing services for enterprises going abroad [3] - The integration of digital financial services is highlighted, aiming to convert data into effective financial services and address systemic barriers [3] - The guidelines reflect a commitment to expanding openness, supporting international cooperation in digital and green finance [4] Group 3: Positive Impacts on Development - The issuance of the guidelines is seen as a significant step towards enhancing the precision and effectiveness of financial services for the corridor, focusing on key areas like infrastructure and trade [4] - The guidelines aim to promote high-level financial openness to support economic development along the corridor, enhancing cooperation with Southeast Asia and Central Asia [4] - They propose establishing cross-regional financial collaboration mechanisms to break down regional barriers and enhance financial cooperation [5] Group 4: Enhancing Financial Services - The guidelines encourage the development of railway transport document financial services to support trade and market expansion [7] - There are over 650 A-share listed companies in the corridor's provinces, with plans to deepen capital market reforms to better support economic development [7] - The guidelines aim to create a more convenient, open, secure, and intelligent foreign exchange policy environment for enterprises along the corridor [8]

Core Viewpoint - The People's Bank of China (PBOC) is promoting financial support for the accelerated construction of the Western Land-Sea New Corridor, focusing on trends in digital finance and green finance to enhance financial openness in the central and western regions of China [1][1]. Financial Support Initiatives - The PBOC's guidelines include support for provinces along the corridor to participate in the multilateral central bank digital currency bridge project, facilitating cross-border payments using central bank digital currency [1][1]. - There is an emphasis on strengthening cooperation in green finance through the China-Singapore Green Finance Working Group, particularly in the formulation and application of green finance standards, green financial products, and financial support for green technology [1][1].

Core Viewpoint - The People's Bank of China, along with several government departments, has issued guidelines to enhance financial support for the construction of the Western Land-Sea New Corridor, aiming to improve the financial service system and promote high-quality development of the corridor [1][2]. Group 1: Financial Support Measures - The guidelines propose 21 key measures focusing on improving financial organization collaboration, constructing a high-quality capital circulation system, and advancing institutional reforms [1]. - Financial institutions are encouraged to establish specialized service mechanisms, providing preferential treatment in client access, credit approval, and internal fund transfer pricing [1]. - The establishment of a Western Land-Sea New Corridor Fund in Chongqing is aimed at supporting infrastructure and industrial park construction along the corridor [2]. Group 2: Diverse Financing Channels - The guidelines emphasize the use of various financing channels, including corporate credit bonds and real estate investment trusts (REITs), to meet the funding needs of different construction projects and operational entities [2]. - There is a focus on exploring market-oriented policies to convert existing infrastructure project debts into equity [2]. - The guidelines encourage collaboration with strategic resources such as the Asian Development Bank and the Silk Road Fund to promote mixed financing [2]. Group 3: Digital Financial Services - Support is provided for participating in multilateral central bank digital currency bridge projects, facilitating cross-border payments using digital currencies with countries like Thailand and the UAE [2]. - The guidelines advocate for the establishment of cross-border e-commerce digital service platforms to enhance service capabilities in collaboration with countries like Singapore [2]. - The People's Bank of China and the Chongqing Municipal Government will work together to implement these measures effectively [2].

Core Viewpoint - The People's Bank of China and eight other departments have jointly issued 21 key financial support measures to promote the high-quality development of the Western Land-Sea New Corridor, focusing on enhancing the core financial functions of "financing" and "settlement" [1][2]. Group 1: Financial Support Measures - The opinion outlines key measures to deepen financial reform, innovation, and openness, aiming to improve the financial service system for the Western Land-Sea New Corridor [1]. - It emphasizes the integration of financial resources and encourages financial institutions to explore a unified credit mechanism for branches along the corridor [1]. - A fund will be established in Chongqing to support infrastructure and industrial park construction along the corridor [1]. Group 2: Financial Open System - The opinion supports the establishment of financial hubs in various regions, including the China-ASEAN Financial City in Guangxi and a cross-border investment and financing platform in Guangdong Zhanjiang [2]. - It promotes participation in multilateral central bank digital currency bridge projects and encourages the use of digital currencies for cross-border payments with countries like Thailand and the UAE [2]. - The People's Bank of China plans to work with local governments to implement these measures, leveraging financial services to create a new pattern of open cooperation [2].