经济观察报 记者 胡群 当生成式人工智能在政策、商业、技术等多方力量的推动下，正在以超乎想象的速度蓬勃 发展，区块链技术商业价值发展如何？ 2023年12月26日，微众银行科技创新产品部负责人、金链盟常务副秘书长姚辉亚在接受经济观察报记者专访时表 示："区块链技术正在成为数字经济中不可或缺的基础设施。2023年我们看到大量区块链应用已经初具规模，有效 地解决了各类真实痛点问题，为建设者和运营者带来了可观的经济价值，有的还带来了商业模式的创新。区块链 商业价值的拐点已经出现。" 长期以来，区块链技术的商业价值一直备受争议，许多人认为区块链技术仍处于初级阶段，尚未有成熟的商业模 式。随着近年来区块链技术生态的发展，越来越多的企业开始探索区块链技术的产业应用。它们以提升业务效 率、降低成本、增强数据安全等方面为目标，推动着区块链技术的商业价值不断攀升。当前，区块链技术已经广 泛应用于金融、供应链、物联网、版权保护、公共服务等多个领域。IDC预测，2024年中国区块链市场规模将达 到25亿美元。 坚持开源开放 中国信通院发布的《区块链白皮书（2023年）》显示，截至2023年12月，全球共有区块链企业10291家，其 ...

9月19日，中环新能源(1735.HK)公告称与蚂蚁集团达成战略合作，共同布局新能源资产通证化 (RWA)、智能运营及碳资产服务，打通"实业运营－碳资产管理"，全链条迎价值重估，打造融合绿色能 源实体、数字化技术、全球金融资本的闭环生态系统。 （责任编辑：刘畅 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 通过蚂蚁链技术，中环新能源的光伏电站、零碳园区等绿色实体资产将转化为通证化数字资产，提 升流动性、降低融资成本，并吸引全球ESG资金。此外，公司还参与蚂蚁海外新能源产业基金，协同遴 选全球绿色能源资产，从合作方升级为资本与产业协同方，提升生态话语权。同时，蚂蚁能源AI将赋 能发电预测、虚拟电厂调度与运维优化，显著提升运营效率与盈利能力。 在碳资产领域，双方将构建科技赋能的"AI核算－智能交易－金融化"闭环，推动绿证、碳减排量成 为可交易、可融资的数字资产，开辟除电费外的第二收入曲线。 ...

Core Viewpoint - Zhonghuan New Energy (01735) has announced a strategic partnership with Ant Group to jointly develop new energy asset tokenization, smart operations, and carbon asset services, creating a closed-loop ecosystem that integrates green energy entities, digital technology, and global financial capital [1] Group 1: Strategic Cooperation - The partnership aims to connect "industrial operations - carbon asset management," leading to a comprehensive value reassessment [1] - Through Ant Chain technology, Zhonghuan New Energy's photovoltaic power stations and zero-carbon parks will be transformed into tokenized digital assets, enhancing liquidity and reducing financing costs [1] - The collaboration will attract global ESG funds and involve participation in Ant's overseas new energy industry fund to select global green energy assets [1] Group 2: Operational Efficiency - Ant Energy AI will empower power generation forecasting, virtual power plant scheduling, and operational optimization, significantly improving operational efficiency and profitability [1] Group 3: Carbon Asset Development - In the carbon asset sector, the two companies will establish a technology-enabled closed loop of "AI accounting - smart trading - financialization," facilitating the trading and financing of green certificates and carbon reduction credits [1] - This initiative aims to create a second revenue stream beyond electricity sales [1]

Core Viewpoint - Ant Group is initiating a significant experiment to tokenize China's energy infrastructure valued at 60 billion RMB (approximately 8.4 billion USD) on its proprietary blockchain network, marking a milestone in the tokenization of real-world assets (RWA) and showcasing the potential of integrating traditional industries with digital finance [1]. Group 1: Project Overview - The project is spearheaded by Ant Digital Technologies, a subsidiary of Ant Group, which is utilizing its AntChain platform to connect and monitor renewable energy assets across China, including around 15 million renewable energy devices [4]. - The data collected from these devices, such as power generation and operational status, is recorded on the blockchain, ensuring immutability and transparency, which lays a solid foundation for the subsequent tokenization of these assets [4]. Group 2: Financial Achievements - Ant Digital Technologies has successfully implemented this model in practice, raising approximately 300 million RMB (around 42 million USD) through three clean energy projects [6]. - In August 2023, the company assisted Longshine Technology Group in tokenizing over 9,000 charging stations, securing 100 million RMB (about 14 million USD) in financing from an overseas bank [6]. - In December 2023, Ant Digital helped GCL Energy Technology tokenize its photovoltaic assets, raising an additional 200 million RMB (approximately 28 million USD) from foreign investors, demonstrating the commercial viability of this model [6]. Group 3: Future Aspirations - Ant Group aims to list these energy tokens on decentralized exchanges (DEX) abroad, creating a global, liquid secondary market for investors to easily access China's green energy sector [6]. - The long-term vision includes expanding financing channels and enhancing asset value through this global market access [6]. Group 4: Challenges and Regulatory Landscape - The project faces significant challenges, particularly regarding regulatory approval for listing tokens on foreign exchanges, given China's cautious stance on cryptocurrencies and capital flows [7]. - Experts suggest that even if the tokens are successfully issued, the initial market may be dominated by institutional and professional investors rather than retail participants, alongside liquidity issues commonly faced by RWA projects [7]. Group 5: Broader Strategic Initiatives - Ant Group is pursuing a dual strategy in the Web3 ecosystem, including plans to issue stablecoins, which can facilitate RWA transactions and settlements, creating a cohesive digital financial ecosystem [9]. - The company is also aligned with the strategic direction of Yunfeng Financial, co-founded by Jack Ma, which is actively exploring RWA applications and has invested in Ethereum (ETH) as a strategic reserve [9]. Group 6: Conclusion - Ant Group's initiative to tokenize 60 billion RMB of energy assets represents one of the most ambitious attempts globally to integrate industrial assets with blockchain technology, providing a visionary model for leveraging technology to revitalize traditional assets and empower green finance [9][10]. - The ongoing developments are expected to have profound implications for the global financial and energy sectors [10].

Group 1 - Yunfeng Financial (0376.HK) experienced an initial surge of over 19%, reaching HKD 3.99, following the announcement of a strategic cooperation agreement with Ant Group's Ant Financial and a strategic investment in the Pharos blockchain [1] - Yunfeng Financial's subsidiaries hold licenses from the Hong Kong Securities and Futures Commission, allowing them to engage in securities trading, securities consulting, institutional financing consulting, and asset management [3] - Ant Financial, which will operate independently from Ant Group in 2024, has extensive experience in foundational technologies such as blockchain, artificial intelligence, and privacy computing, with its Ant Chain holding a 26.5% market share in China's BaaS market, ranking first for four consecutive years [3]

Group 1 - Yunfeng Financial (0376.HK) saw an initial increase of over 19%, reaching HKD 3.99 [1] - The company has entered into a strategic cooperation agreement with Ant Group's Ant Financial and made a strategic investment in the Pharos blockchain, aiming to build institutional-level RWA financial infrastructure [1] - Yunfeng Financial's subsidiaries hold licenses from the Hong Kong Securities and Futures Commission, allowing them to conduct securities trading, securities consulting, institutional financing consulting, and asset management [1] Group 2 - Ant Financial will operate independently from Ant Group starting in 2024 and has extensive experience in underlying technologies such as blockchain, artificial intelligence, and privacy computing [1] - Ant Financial's products lead the market in their respective sectors, with Ant Chain holding a 26.5% market share in China's BaaS market, ranking first for four consecutive years [1]

Core Viewpoint - Yunfeng Financial (00376) has announced a strategic partnership with Ant Digital Technology, focusing on the tokenization of real-world assets (RWA) through a new Layer 1 blockchain called Pharos, which is expected to enhance their capabilities in digital finance and Web3 [1] Group 1: Company Developments - Yunfeng Financial's stock opened nearly 15% higher and is currently trading at 3.85 HKD with a transaction volume of 12.21 million HKD [1] - The company holds multiple financial service licenses from the Hong Kong Securities and Futures Commission, allowing it to engage in securities trading, advisory, institutional financing, and asset management [1] Group 2: Strategic Partnership - The collaboration with Ant Digital Technology aims to leverage Ant's technological expertise in blockchain and digital finance, combined with Yunfeng's experience in asset management, securities, insurance, and renewable carbon assets [1] - Ant Digital Technology, which will operate independently from Ant Group in 2024, has a strong presence in the blockchain sector, with its Ant Chain holding a 26.5% market share in China's BaaS market for four consecutive years [1]

Core Insights - The strategic partnership between Yunfeng Financial and Ant Digital Technology aims to reshape the financial landscape by integrating blockchain technology with traditional finance [1][3] - The collaboration focuses on the tokenization of Real World Assets (RWA) through the Pharos Layer 1 blockchain, marking a significant step towards "financial new infrastructure" [1][3] Company Overview - Yunfeng Financial, co-founded by Jack Ma, holds various financial licenses in Hong Kong, including securities trading and asset management, and is positioned to facilitate RWA token issuance and secondary market trading [2][3] - Ant Digital Technology, a subsidiary of Ant Group, has established itself as a leader in blockchain technology with over 50 global nodes and more than 2,000 blockchain-related patents [1][2] Market Potential - The RWA market is anticipated to grow significantly, with McKinsey predicting it could exceed $16 trillion by 2030, positioning it as the "third wave of blockchain revolution" following cryptocurrencies and DeFi [2] - The partnership is expected to enhance Hong Kong's competitiveness as a global RWA hub, attracting quality assets for issuance and providing diverse investment options for global investors [3] Technological Integration - The collaboration is characterized by a deep strategic synergy where Yunfeng Financial provides compliance and asset expertise, while Ant Digital Technology offers foundational technology and security architecture [3] - The Pharos blockchain serves as a neutral infrastructure for asset registration, rights confirmation, trading, and settlement, creating a closed-loop system that enhances asset digitization efficiency and reduces intermediary costs [3] Future Outlook - The partnership is set to redefine the boundaries of assets, capital, and regulation, potentially positioning Hong Kong as a new anchor for global capital in the Web3 era [4]

Core Viewpoint - The strategic partnership between Yunfeng Financial and Ant Digital Technology aims to reshape the financial landscape by integrating blockchain technology with traditional finance, focusing on the tokenization of real-world assets (RWA) through the Pharos Layer 1 blockchain [1][3]. Company Overview - Yunfeng Financial, co-founded by Jack Ma, holds full licenses in securities, asset management, insurance, and carbon assets, and is positioned as an innovative financial technology group listed on the Hong Kong main board [2][3]. - Ant Digital Technology, a subsidiary of Ant Group, has established itself as a leader in blockchain as a service (BaaS) in China, with over 50 global nodes and more than 2,000 blockchain-related patents [1][2]. Strategic Collaboration - The collaboration is characterized as a deep strategic synergy rather than mere technical procurement, with Yunfeng providing asset expertise and compliance frameworks while Ant Digital offers foundational technology and security architecture [3]. - The Pharos blockchain serves as a neutral and open infrastructure for asset registration, rights confirmation, trading, and settlement, creating a closed-loop ecosystem that enhances asset digitization efficiency [3]. Market Implications - The partnership is expected to enhance Hong Kong's competitiveness as a global RWA hub, attracting quality assets for issuance and providing diverse investment options for global investors [3]. - The RWA market is projected to exceed $16 trillion by 2030, marking it as the "third wave of blockchain revolution" following cryptocurrencies and DeFi [2]. Future Outlook - The collaboration is anticipated to redefine the boundaries of assets, funds, and regulation, positioning Hong Kong as a potential new anchor for global capital in the Web3 era [4].

Group 1 - Yunfeng Financial announced a strategic cooperation agreement with Ant Digital Technology on September 1, 2025, and a strategic investment in Pharos Network Technology Limited, focusing on real-world asset (RWA) applications [1] - The collaboration aims to integrate Ant Digital's blockchain and digital finance technology with Yunfeng Financial's expertise in asset management, securities, insurance, and new energy carbon assets [1][2] - The partnership will leverage the Pharos high-performance blockchain platform to expand compliance in RWA tokenization and next-generation internet (Web3) sectors, enhancing Yunfeng Financial's digital finance positioning and supporting Ant Digital's blockchain technology applications [1] Group 2 - Yunfeng Financial's subsidiary holds multiple financial service licenses from the Hong Kong Securities and Futures Commission, enabling it to conduct securities trading, consulting, institutional financing, and asset management [2] - Ant Digital has been operating independently since 2024, focusing on foundational technologies such as blockchain, artificial intelligence, and privacy computing, with its Ant Chain leading the Chinese BaaS market with a 26.5% market share for four consecutive years [2] - According to a Boston Consulting report, the global tokenized asset market is projected to reach $16 trillion by 2030, representing 10% of global GDP, indicating a significant growth potential for the RWA market [2]