Quick Overview of Digital Finance Layout of Chinese Securities FirmsThe construction of Hong Kong's virtual asset center is accelerating, how can securities firms seize the new track? ​ ▎ Core Highlights one ️⃣ Stablecoins: The battle for licenses is intensifying (with only single digit quotas), and companies such as CITIC Securities are laying out cross-border payments two ️⃣ Virtual assets: 42 securities firms upgrade license 1, Guotai Junan International becomes the first fully licensed Chinese securities firm three ️⃣ RWA: GF Securities launches multi currency tokenized security "GFToken" in Hong Kong, and Delin Holdings tests HKD 500 million property on chain Individual Investor Action Guide ✅ Compliance priority: Identify licensed institutions (such as Guotai Junan and Guangfa Hong Kong) ✅ Combination configuration: RWA (low volatility)+virtual assets (high growth) to hedge risk ✅ Watch out for foam: stay away from "air currency" projects without endorsement of physical assets ▎ Layout Overview