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The Hong Kong Securities and Futures Commission has listed "Jingang Fund/Jingang Coin Issuance Limited" as an unlicensed company. This entity previously claimed to have an address in Hong Kong and provided a Hong Kong phone number.The entity is suspected of conducting unlicensed activities in Hong Kong and targeting Hong Kong investors for promotion, but it has not been licensed or registered with the Securities and Futures Commission to conduct regulated activities in Hong Kong under the Securities and Futures Ordinance. The Hong Kong Securities and Futures Commission pointed out that the entity must not engage in any regulated activities in Hong Kong or actively promote its services to the public in Hong Kong (whether within or outside Hong Kong).

The storage module manufacturer Jiangbolong (301308.SZ) today listed on the main board of the Hong Kong Stock Exchange, with the stock code 09976.HK, at an offering price of 236 Hong Kong dollars per share, forming an A+H dual listing structure.The company globally offered 26.0778 million H shares, of which 2.6078 million shares were for public offering in Hong Kong and 23.47 million shares for international offering, with an over-allotment option. Each lot consists of 50 shares, with an entry fee of approximately 12,151.32 Hong Kong dollars. Based on the highest offering price of 240.60 Hong Kong dollars, the net fundraising amount is approximately 6.02 billion Hong Kong dollars.The prospectus disclosed that in the first half of 2026, Jiangbolong achieved revenue of 24.088 billion yuan, a year-on-year increase of 136.3%, with a gross profit margin rising from 11.0% in the same period last year to 58.2%. The profit for the period was 10.718 billion yuan, compared to 0.041 billion yuan in the same period last year.

Citigroup released a research report stating that it has initiated coverage on Zhongji Xuchuang (03308.HK) H shares with a buy rating, based on a forecasted price-to-earnings ratio of 16.2 times for 2027, with a target price of 1,524 Hong Kong dollars.The bank expects the company's revenue and net profit compound annual growth rates from 2025 to 2028 to reach 129% and 149%, respectively, benefiting from strong demand for AI optical communication, bandwidth upgrades, rapid capacity increases, improved product mix, rising adoption of silicon photonics technology, and operational leverage. The bank believes that the company's comprehensive product portfolio, scalable production capacity, cutting-edge technological advancements and R&D capabilities, flexible and resilient supply chain, as well as solid relationships with leading global cloud service providers and AI clients, are likely to support its leading position in the AI era.

According to BBX data, global listed companies disclosed the latest updates on digital asset treasury increases and platform operations over the weekend, with key information as follows:UK listed company B HODL increased its holdings by 1 Bitcoin: UK listed company B HODL announced that it has once again increased its holdings by 1 Bitcoin in the secondary market. Following this routine increase, the company's total Bitcoin holdings have steadily risen to 167.487 BTC.OSL Exchange retains its position as Hong Kong's largest digital asset trading platform, leading in stablecoin trading volume: According to the latest official statistics, as of September 4, 2026, the trading platform OSL Exchange, under the Hong Kong listed company OSL Group, remains the highest-ranked and largest digital asset trading platform in Hong Kong by trading volume. At the same time, its stablecoin trading volume ranks first among all licensed and operational digital asset platforms in Hong Kong, continuously solidifying its dominant position in institutional-level digital asset circulation and fiat currency channels.

According to BBX data, global listed companies and leading financial institutions have disclosed the latest developments in digital asset management scale, quarterly earnings performance, and crypto clearing infrastructure in recent days. The core information is as follows:New Fire Group (01611.HK) asset management and trading volume hit a record high, AUM surpassed 2 billion HKD: Hong Kong-listed company New Fire Group disclosed its operating data for August. The group's private banking-level digital asset custodian Bitfire Premium successfully surpassed 200 million USD in asset management scale (AUM), a month-on-month increase of about 30%. The total asset management scale of New Fire Group's global market (including the Japanese site BitTrade) has officially surpassed 2 billion HKD. In addition, the platform's trading volume has exceeded 100 million USD for the second consecutive month, and the over-the-counter (OTC) business continues to expand, currently ranking among the major OTC digital asset trading platforms in Hong Kong.Amber (NASDAQ: AMBR) Q2 revenue 13.9 million USD, turning a profit: Nasdaq-listed company Amber announced its unaudited financial performance for the second quarter of 2026. The company's total revenue for Q2 reached 13.9 million USD, a significant month-on-month increase of 38.8%, with gross margin significantly improved to 79.5%. As a result, its operating income and adjusted EBITDA both turned positive, completely reversing the loss situation of the previous quarter.Digital bank SoFi partners with Kraken to enable 24/7 USD settlement and liquidity: Digital bank SoFi has reached a strategic cooperation with the well-known crypto exchange Kraken. Kraken's parent company Payward will officially join SoFi's USD settlement network "SEN," allowing its institutional clients to break the limitations of traditional bank operating hours, transferring USD and managing liquidity around the clock; at the same time, Kraken will launch the stablecoin SoFi USD issued by SoFi, while SoFi will introduce Kraken Prime as an additional underlying liquidity source for its clients' cryptocurrency trading.Bank-led digital currency network Cari completes 32.5 million USD financing: The digital currency network Cari, designed specifically for the banking industry, announced the completion of a 32.5 million USD first round of external financing. This round of funding comes entirely from traditional banking institutions, including First Horizon Bank, Huntington Bank, Key Bank, M&T Bank, Old National Bank, SouthState Bank, and Glacier Bank. Cari aims to help regional, mid-sized, and community banks fully participate in and establish compliant digital currency infrastructure.

According to LatePost, Moon's Dark Side (Kimi) has submitted an A1 application to the Hong Kong Stock Exchange in a confidential manner, officially starting the IPO process for Hong Kong stocks. At the same time, the company is advancing a new round of financing with a pre-IPO valuation of approximately $50 billion, expected to be the last round before the IPO.The report cites public and market information stating that Kimi has accelerated its model iterations this year, successively releasing K2.5, K2.6, and K3, and updating at a pace of about one version every three months.On the revenue side, Kimi's ARR broke $100 million in early March this year and increased to around $300 million by mid-June; after the release of K3, the enterprise ARR saw several times growth. With the increase in usage and computing power demand, Moon's Dark Side has raised its valuation from about $4.3 billion at the end of 2025 to the current approximately $50 billion through multiple rounds of financing.

According to the Securities Times, at the Fourth Cybersecurity (Tianjin) Forum, Zhou Hongyi, the founder of 360 Group, gave a keynote speech, stating that AI has changed the landscape of cyber offense and defense, and traditional solutions are difficult to sustain. He emphasized the need to create a new automated offense and defense system centered on "model governance," using AI capabilities to address AI risks, ensuring the safety of large models, the reliability of generated content, and the credibility of output results.Zhou Hongyi also proposed that there should be lifecycle management for intelligent agents, establishing an auditable, intervenable, and interruptible control mechanism, and called for the cybersecurity industry to quickly form a system for AI vulnerability discovery, automated defense, and intelligent agent security.

According to Bloomberg, AI model developer MiniMax Group Inc. became the most popular Hong Kong-listed stock among mainland investors last month. Mainland investors bought MiniMax shares worth HKD 10.6 billion (approximately USD 1.4 billion) through the Stock Connect in August, surpassing Alibaba Group Holding Limited and Tencent Holdings Limited.Since the stock became eligible for trading under the Shanghai-Shenzhen-Hong Kong Stock Connect on August 6, southbound investors have accumulated a 9.7% stake in this AI startup.

According to the official account of UXUY, Mr. Xu Zhihong, co-founder of UXUY, passed away in his sleep last week.UXUY stated that Mr. Xu Zhihong played an important role in the establishment and development of the company, leaving a profound impact on brand building, team, and ecological development. Mr. Xu Zhihong's farewell ceremony will be held on September 12, 2026, at the OneX AI Entrepreneur Space in Chaoyang, Beijing.

The Hong Kong Securities and Futures Commission has listed Star Bridge Capital, Star Bridge Capital Group, SBCFX, Star Bridge Capital Group, Star Bridge Capital Pty Limited, and Topical Wealth International Ltd as unlicensed companies, prohibiting them from engaging in any regulated activities in Hong Kong or actively promoting their services to the public in Hong Kong (whether within or outside Hong Kong).Previously, it was reported that Star Bridge Capital experienced an abnormal liquidation incident in London gold trading, and after the incident, the Hong Kong office of the platform was empty. Due to some funds being deposited through USDT stablecoin, tracking the funds has become more difficult. The Hong Kong police have accepted the case and temporarily classified it as fraud, but no arrests have been made yet.

According to Zhitong Finance, this week, Standard Chartered Bank, Starway Technology under Fosun International, and Yunfeng Securities under Yunfeng Financial announced that they have become authorized distributors of the Hong Kong dollar stablecoin HKDAP. Along with the first batch of authorized distributors HashKey and OSL Group, the total number of authorized distributors for HKDAP has reached 5.

The long-established financial media in Hong Kong, "Hong Kong Economic Journal," published a column article citing statistics from RootData, indicating that in the first seven months of 2026, over 100 cryptocurrency projects have announced shutdowns, bankruptcies, or indefinite service suspensions. The article states that the actual number of closures may be higher, as many projects have not officially announced their status but are "slowly disappearing."The article further states that this wave of closures is not limited to a single sub-sector but is widely affecting various projects, including exchanges, wallets, DeFi, DAO tools, Layer 2, and infrastructure, showing a trend of spreading across the entire sector.

According to Gate market data, as of the close of the Hong Kong stock market, the Hong Kong Hang Seng Index rose by 0.07%, while the Hang Seng Tech Index fell by 0.33%. Domestic property stocks led the gains, with Sunac China rising over 10%, CIFI Holdings Group rising over 5%, and Country Garden and Vanke Enterprises rising over 2%.The non-ferrous metals sector rose, with China Nonferrous Mining rising over 4%, Tianqi Lithium rising over 3%, and China Aluminum rising over 3%. The PCB and storage concepts weakened, with Shenghong Technology falling nearly 13%, Chipbond Technology falling over 8%, and Zhaoyi Innovation and Lattice Semiconductor falling over 5%.Large model concept stocks declined, with Zhiyu falling over 6% and MINIMAX-W falling over 4%.

According to Gate market data, on August 28, both the Hang Seng Index and the Hang Seng Tech Index rose in the morning session. By the midday close, the Hang Seng Index was up 0.47%, and the Hang Seng Tech Index was up 0.6%.Hong Kong stock telecommunications infrastructure concept stocks led the gains, with Junzhi Group and Huanlian Lianxun rising over 4%, and Zhongji Xuchuang rising over 3%. Domestic property stocks collectively rose, with Xuhui Holdings Group and Sunac China rising more than 5%.

CZ stated at the offline "Binance Life" book club meeting in Hong Kong that Hong Kong, as a financial center, has unique advantages in the flow of fintech talent, mainland talent, and institutional connections. Although it is not outstanding in infrastructure such as electricity and data centers, its competitiveness in the Web3 financial sector is evident. He believes that the current AI hype will not hinder the long-term development of Web3, and individuals should choose directions that interest them, that they are capable of, and that hold value; Hong Kong and Web3 are indeed a strong combination. Besides Hong Kong, he is also optimistic about Dubai and Abu Dhabi in the UAE, as well as the United States after its policy shift to support the crypto industry.CZ mentioned that the development speed of RWA has significantly exceeded his previous expectations, especially in terms of securities on-chain. Traditional stocks are limited by account opening thresholds, trading hours, and geographical restrictions. Once assets are on-chain, they can be directly accessible to global investors, significantly enhancing accessibility and liquidity, making them more attractive to countries and companies with smaller securities market sizes. RWA will be an important development direction moving forward, and stablecoins are essentially a type of RWA that brings fiat currency onto the chain. Currently, the market is mainly dominated by USD stablecoins, and in the future, more countries may promote their national currencies to be on-chain to expand their global circulation.He also stated that DEX has gradually evolved over the past eight years from products like Uniswap and PancakeSwap to Hyperliquid, with both infrastructure and user awareness significantly maturing. According to his current understanding, the regulatory pressure from the U.S. on decentralized products has eased compared to the past, and clearer separation models are beginning to appear between international platforms and those targeting U.S. users, with some international platforms not necessarily requiring comprehensive KYC. If the policy environment continues to relax, the development speed of DEX and the entire crypto industry may significantly accelerate in the coming years.

According to Hong Kong Stock Exchange documents, Tencent Holdings (00700.HK) repurchased 672,000 shares on August 26, at a cost of HKD 300.4 million.

According to Bloomberg, Chinese artificial intelligence company Z.AI (Zhìpǔ) has confirmed that the mysterious artificial intelligence model Ox Alpha, which has rapidly risen to the top of online usage rankings, is a new iteration of its GLM series.The company stated in response to a Bloomberg News inquiry that it will release the model weights for Ox Alpha tonight.

According to Bloomberg, the Hong Kong single-family office Anther Capital Ltd. has quietly established an artificial intelligence-related investment portfolio worth billions of dollars. The institution was founded by hedge fund veteran Larry Chen.According to the U.S. 13F filings, as of the end of the first half of this year, Anther Capital's exposure to U.S. listed stocks reached at least $3.9 billion. The institution began disclosing related holdings for the first time in the previous quarter.