京北方20250622

Summary of the Conference Call on Jingbeifang's Stablecoin Business Industry Overview - The stablecoin management regulations in Hong Kong will take effect on August 1, 2025, with further policy developments expected in the first half of 2025. Participants need to prepare for technical construction and product planning to seize market opportunities [2][18]. - Jingbeifang is positioned as a core player in financial IT, with extensive experience in digital currency and digital RMB sectors [2][3]. Core Insights and Arguments - Stablecoin Ecosystem: Jingbeifang views stablecoins as the starting point of an ecosystem involving various participants, including issuers, operators, financial institutions, and merchants. The company aims to leverage its experience in financial IT to create opportunities in this space [3][7]. - Technological Preparedness: The company has a 7-8 year history in building digital currency ecosystems, focusing on issuance, operation, and collaboration layers. It has developed technologies such as issuance technology, smart contracts, and custody services [5][6]. - Regulatory Compliance: Jingbeifang emphasizes strict adherence to regulatory requirements in stablecoin system development, including independent asset custody solutions and information disclosure interfaces [3][9]. - Market Opportunities: The company identifies significant opportunities in supply chain finance, where stablecoins can enhance transparency and address financing challenges for SMEs [3][15]. Key Advantages of Jingbeifang - Client Relationships: The company benefits from a wide range of historical client collaborations, providing a competitive edge in the stablecoin ecosystem [5]. - Reusable Solutions: Jingbeifang offers reusable solution products that can be quickly applied to new projects, enhancing operational efficiency [5]. - Diverse Business Models: The company has experience in various business models, allowing it to adapt flexibly to market changes [5]. Research and Development - Jingbeifang has established a dedicated research team focused on blockchain and AI technologies, resulting in innovations such as the digital RMB unified access system and smart operation systems [6][12]. Future Trends and Applications - Public Trust and Usability: The company believes that stablecoins must address public trust issues through regulatory compliance and user-friendly wallet systems to enhance usability [7][13]. - Cross-Border Payments: Stablecoins are expected to significantly reduce cross-border payment costs and improve efficiency, making them attractive for international transactions [7][28]. - Potential Applications: The company is exploring various application scenarios, including cross-border payments and supply chain finance, while ensuring compliance and security [22][30]. Conclusion - Jingbeifang is well-positioned to capitalize on the emerging stablecoin market, leveraging its technological capabilities and regulatory compliance to meet the evolving needs of clients in Hong Kong and beyond [31][32].