Core Viewpoint - The 22nd China International Financial Forum emphasizes the construction of an intelligent financial ecosystem in the digital economy era, highlighting the collaboration potential between Shanghai and Hong Kong in offshore finance and digital currency applications [1][6]. Group 1: Financial Centers and Collaboration - Hong Kong is recognized as one of the world's three major financial centers, while Shanghai is the largest onshore financial center in China, both benefiting from significant policy support in offshore finance [3][8]. - The development of offshore finance in Hainan post-closure is expected to accelerate, necessitating a discussion on how these three regions can collaborate and achieve differentiated competition in the coming years [3][8]. Group 2: Technological and Economic Transformations - The world is undergoing three major transformations: a new industrial revolution driven by technology, rapid restructuring of global supply chains, and significant changes in the geopolitical and international monetary landscape [3][8]. - Emerging technologies such as blockchain, AI, and big data are reshaping the financial industry, leading to a rapid evolution of financial infrastructure in the digital economy era [3][8]. Group 3: Digital Currency and Financial Infrastructure - There is substantial cooperation potential between Hong Kong and Shanghai in developing financial infrastructure for the digital economy, including expanding the application scenarios for digital RMB and establishing a collaborative ecosystem with digital HKD [4][9]. - The Shanghai and Shenzhen agreement on the collaborative development of international financial centers includes plans to connect financial infrastructure and accounts, emphasizing the need for forward-looking layouts involving blockchain and digital RMB [4][9]. Group 4: Future Opportunities in Financial Collaboration - The Shanghai Gold Exchange has launched an international version of its designated warehouse in Hong Kong, along with gold trading contracts for delivery in Hong Kong, indicating a step towards expanding cooperation into other commodities [4][9]. - Future collaboration could enhance the role of the RMB from a settlement currency to a pricing and reserve currency, with opportunities for establishing financial information service centers, international credit rating centers, and strengthening international arbitration centers [4][9].

Group 1 - The virtual asset market is rapidly developing, with Hong Kong accelerating its efforts to establish itself as an international virtual asset center, attracting Chinese brokerage firms to enter the market [1] - The Hong Kong government views Web3.0 and virtual assets as core strategies to reshape financial competitiveness, having released the "Virtual Asset Policy Declaration" in 2023 to support industry innovation [1] - The Hong Kong Securities and Futures Commission (SFC) has tightened regulations, implementing a "dual license" system for virtual asset trading platforms, with 11 institutions already obtaining formal licenses [1] Group 2 - Hong Kong is exploring the issuance of an official stablecoin, the "Digital Hong Kong Dollar," aimed at providing an anchor asset for the virtual economy and enhancing cross-border payment capabilities [2] - Companies listed in Hong Kong are accelerating their layout in the Web3.0 sector, covering various areas such as trading platforms, data analysis, and asset tokenization [2] - OSL Group, as Hong Kong's first licensed virtual asset trading platform, reported a 79% year-on-year revenue increase to HKD 375 million in 2024, with a trading volume exceeding HKD 100 billion [2] Group 3 - Other Hong Kong-listed companies, such as Boyaa Interactive, Victory Securities, and Blueport Interactive, have also made moves in the cryptocurrency space, with stock price increases of 97%, 176%, and 60% respectively this year [3]