当时间的秒针踏入最后的48小时，国泰君安国际股权市场的"权益分水岭"已然形成。11月25日零点，这个被无数人紧盯的节点，将正式 终结1:1的黄金股权时代，取而代之的1:0.5比例，意味着相同资金的权益将被直接"腰斩"。更关键的是，与倒计时同步启动的健康中国项 目内测，正以指数级速度推高实体币获取门槛。这最后的48小时，不是让你权衡利弊的"思考期"，而是数字金融浪潮中，普通人抢占黄 金入场权的"终极冲刺期"。 最后的48小时，你必须看清：这不是一次普通的权益调整，而是政策红利的"末班车"。数字经济的发展从来遵循"早期入场者吃肉"的铁 律——无论是数字人民币试点的首批体验者，还是合规金融平台的初始用户，都凭借"先行一步"的优势，享受到了后续者难以企及的权 益。此次国泰君安国际的股权调整，并非市场自发行为，而是国家数字金融试点从"规模扩张"转向"质量提升"的战略落地，1:1的股权比 例正是这一转型期的"政策红利收尾"。25日后，即便你投入双倍资金，也无法换回此刻的权益，这种刚性规则下的机会稀缺性，容不得 半分迟疑。 最后的48小时，行动的紧迫性远超你的想象，"双重门槛"正同步收紧。股权比例缩水的同时，健康中国项目内 ...

Core Viewpoint - The countdown for the equity gift ratio adjustment by Guotai Junan International from 1:1 to 1:0.5 has entered its final hours, coinciding with the internal testing of the Health China project, which significantly increases the difficulty of obtaining physical tokens and signals the accelerated listing of stablecoins through compliant channels in Hong Kong [1][3]. Group 1: Equity Adjustment and Market Implications - The "halving" of the equity ratio is driven by national pilot programs and international regulatory trends, with Guotai Junan International being a core institution for the implementation of digital assets under the Health China initiative [3]. - The adjustment from a 1:1 to a 1:0.5 equity ratio is a strategic move to align with the Hong Kong stablecoin regulatory framework, which requires licensed institutions to filter compliant participants through a tiered equity structure [3]. - The difference in rights within the 48-hour window creates an "irreversible gap" for participants, where an investment of 100,000 yuan during this period would yield 100,000 shares and a 1:1 physical token exchange right, while after the window, the same investment would only yield 50,000 shares [3]. Group 2: Internal Testing and Asset Tokenization - The internal testing aims to build a core ecosystem of "physical assets + digital certificates" for the Health China project, addressing liquidity issues in the healthcare sector and enabling the tokenization of physical assets like medical equipment and health data [4]. - The stablecoin, as a compliant asset anchored to real value, is expected to facilitate cross-border circulation and resolve financing challenges in the healthcare industry, aligning with the "Healthy China 2030" strategy [4]. - The global stablecoin market has seen explosive growth, with on-chain transaction volumes reaching 7.5 trillion USD, surpassing the total transaction amounts of Visa and Mastercard, highlighting the strategic value of entering the market now [4]. Group 3: Market Timing and Future Outlook - The 48-hour window is critical in distinguishing between "pioneers" and "observers" in the digital finance era, where hesitation could mean missing out on significant market opportunities [5]. - Boston Consulting Group predicts that the global asset tokenization market will reach 16.1 trillion USD by 2030, emphasizing the importance of this short window for ordinary investors to participate at a low cost [5]. - Guotai Junan International's rule adjustments leave no room for hesitation, urging participants to act decisively to seize the last opportunity in the integration of digital finance and the real economy [5].