Changes in Hong Kong stocks | Jiufang Smart Investment Holdings (09636) rose more than 18% in the afternoon, retail securities investment consulting market space has broad market space, and the company actively lays out stablecoins and RWA

The Zhitong Finance App learned that Jiufang Smart Investment Holdings (09636) rose more than 18% in the afternoon. As of press release, it had risen 16.5% to HK$58.95, with a turnover of HK$761 million.

According to the news, on August 14, A-share turnover climbed to 2.3 trillion dollars, making it the 7th trading day in history, the 2nd turnover in the past ten years, and the two loans broke through both “2 trillion dollars”. Cinda Securities pointed out that the retail securities investment consulting market space is vast, and residents' demand for wealth accumulation is increasing. As a leading enterprise in the fintech and service industry, Jiufang Smart Investment quickly opened up the market with a novel and efficient business model and solid investment education content, and is expected to continue to benefit from future wealth growth on the domestic consumer side.

It is worth noting that on April 3, Jiufang Smart Investment Holdings announced the acquisition of Yintech Financial. Its core assets are Fangde Securities and Fangde Capital, which is expected to bring about collaboration and diversification of the business layout. Furthermore, in July, the company announced the completion of a strategic placement, achieved multiple oversubscription, and raised 100 million US dollars in capital, which is expected to enrich the company's business ecosystem, lay out various market segments such as RWA underlying assets, digital asset exchanges, and custodian banks; expand the global market, focus on Hong Kong and the Middle East, expand regional coverage, and provide a more international source of business revenue; and create a closed loop of “transaction-asset management-investment”.