在全球金融市场的风云变幻中，虚拟资产领域成为2025年资本市场上不可忽略的话题，也成为中国香港券商打破传统业务增长瓶颈、开拓全新增长路径的 关键领域。 根据2025年中报，富途、国泰君安国际与华兴资本在虚拟资产领域积极布局，不仅带动年中财报数据的表现，更映射出整个券商行业在传统金融与数字资 产融合进程中的深度探索。 有趣的是，三家券商分别代表了互联网券商、传统中资券商和前"并购之王"依托一级市场投资构建生态的三种路径。依托显著的路径差异，三家券商形成 了适配各自基因的发展模式。 其中，富途凭借互联网券商与生俱来的流量与技术优势，借助"全球化牌照布局+海量用户资源"全力驱动加密交易业务扩张。中报显示，富途2025年第二 季度营收升至53.11亿港元，同比增长69.7%，净利润达26.6亿港元，同比增长105.2%，平台虚拟资产相关资产余额蹿升至40亿港元。 作为头部中资券商，国泰君安国际则秉持"合规协同"路径，依托传统券商的牌照优势与客户资源积累，靠牌照升级搭建起虚拟资产全链条服务体系。中报 显示，国泰君安国际2025年上半年收入攀升至28.25亿港元，同比增长30%，税后利润达到5.5亿港元，同比大幅增长18 ...

Market Performance - The Hang Seng Index closed at 25,176, down 1.36% for the day and up 25.51% year-to-date [1] - The Hang Seng Tech Index fell 2.72% to 5,490, with a year-to-date increase of 22.89% [1] - The Dow Jones Index decreased by 0.38% to 44,461, with a year-to-date rise of 4.51% [1] - The S&P 500 Index closed at 6,362, down 0.12% for the day and up 8.18% year-to-date [1] Currency and Commodity Overview - The Renminbi Index stood at 95.710, down 0.22% over the past month and down 5.14% over six months [2] - Brent crude oil price increased by 8.15% over the past month to $72.210 per barrel, but decreased by 1.00% over six months [2] - Gold prices rose by 0.88% over the past month to $3,332.69 per ounce, with a significant increase of 19.24% over six months [2] Company-Specific Developments - JD.com announced a voluntary public acquisition offer for CECONOMY AG at €4.60 per share, with full support from CECONOMY's supervisory and management boards [13] - Adidas reported a 58% year-on-year increase in operating profit for Q2, reaching €546 million, surpassing market expectations [15] - Guotai Junan International successfully issued the first public digital native bond by a Chinese brokerage, with a size of up to $300 million [16] Economic Indicators - Eurozone GDP grew by 0.1% quarter-on-quarter in Q2, exceeding expectations, with an annual growth of 1.4% [17] - The U.S. GDP for Q2 showed an annualized growth of 3%, rebounding from a contraction in Q1 and surpassing the expected 2.4% [18]

近日，国泰海通集团下属公司国泰君安国际控股有限公司(国泰君安国际)成功发行首笔数码原生债券。 本次发行是首笔由中资券商发行的公募数码原生债券，采用直发结构，以美元计价，规模不超过3亿美 元，期限3年，国泰君安国际同时作为牵头全球协调人以及结算交割行，并以汇丰的HSBC Orion1作为 数码资产平台。(人民财讯) ...