SUNYARD(SH:600571)2025-07-02 01:24Summary of Hilda Company Conference Call Industry and Company Overview - Company: Hilda Company - Industry: Stablecoin and Cross-Border Payment Solutions Core Points and Arguments 1. Stablecoin Technology Integration: Hilda aims to integrate stablecoin technology with business scenarios to promote the internationalization of the Renminbi (RMB) and cross-border transactions [2][4][6] 2. Global Payment Rule Development: Hilda seeks to participate in the formulation of new global payment rules, leveraging its advantages in RMB internationalization and cross-border payments [4][5] 3. Multi-Role Service Model: The company plans to serve four key stakeholders: issuers, custodians, trading platforms, and end-users, under the regulatory framework in Hong Kong [5][6] 4. Impact on Chinese Financial System: The development of stablecoins is expected to maintain currency sovereignty, promote RMB internationalization, and innovate payment systems, enhancing China's voice in the global financial market [6][26] 5. Competitive Advantages: Hilda's advantages include extensive financial IT experience, investment in leading cross-border payment firms like Pingpong, and a favorable policy environment [7][26] 6. Future Development Directions: Hilda plans to deepen technology research and application, expand partnerships, and increase market coverage, particularly in cross-border payment and settlement scenarios [8][9] Additional Important Content 1. International Business Expansion: Hilda has established a subsidiary in Hong Kong to focus on overseas business, including payment settlement and cross-border RMB clearing, and has accumulated significant international business experience [10] 2. Collaboration with Pingpong: Hilda collaborates with Pingpong to facilitate payment settlements for merchants on platforms like Amazon, leveraging its connections with domestic financial institutions [21][25] 3. Market Positioning: Hilda holds a nearly 50% market share in the domestic international settlement market, serving major state-owned and joint-stock banks [16] 4. Challenges in International Banking: Hilda faces challenges in connecting with foreign banks due to varying local IT standards, but finds it easier to work with Chinese institutions abroad [23] 5. Regulatory Environment: The company benefits from the evolving regulatory landscape in Hong Kong regarding stablecoins, which presents new collaboration opportunities [15][26] 6. Digital RMB and Cross-Border Settlement: Hilda focuses on using the CIPS system for RMB internationalization rather than directly on digital RMB [27] This summary encapsulates the key insights from Hilda Company's conference call, highlighting its strategic focus on stablecoins and cross-border payment solutions within the evolving financial landscape.