What secrets are hidden behind it?? #香港加密概念股 $

The crypto world is boiling! Guotai Junan International's stock price soared 200% in a single day, creating a real-life 'capital myth.' On the surface, this surge stems from its acquisition of a cryptocurrency trading license in Hong Kong, but seasoned players know: this thin license is merely the fuse; what truly ignited market enthusiasm is its background of 'red blood' state-owned assets.

(1) The Underlying Currents Behind the Epic Surge

When this state-owned brokerage announced it had received approval from the Hong Kong Securities and Futures Commission to officially open trading channels for mainstream cryptocurrencies like BTC, ETH, and USDT, the capital market exploded. The stock price skyrocketed from 1.4 HKD to 3.7 HKD, showcasing a textbook 'rocket launch' market trend, and its partner Hashkey's platform token HSK also surged by 70%. However, a closer look at the announcement reveals that Guotai Junan International only serves as a trading channel; the core matching transactions still rely on Hashkey. What exactly prompted the market to assign such a crazy valuation premium?

(2) The Ace in the Shareholding Structure

Turning to the shareholding structure chart, the answer becomes clear. The parent company 'Guotai Haitong,' holding 74%, is a financial giant—formed by the strong alliance of top domestic brokerages Guotai Junan and Haitong Securities, with the actual controller pointing directly to the Shanghai State-owned Assets Supervision and Administration Commission. The latest financial report shows that this trillion-level giant boasts total assets of 17.3 trillion, equivalent to the total assets of the top ten exchanges in the crypto world. This is no ordinary brokerage entry; it is clearly the 'national team' forcefully entering with massive capital! Just like when Wall Street institutions significantly increased their holdings in BTC, the movements of such heavyweight players carry a signal far beyond the event itself.

(3) The Long-Planned Strategic Layout

Looking back, this capital drama has long been foreshadowed:

• In May, it quietly obtained a distribution license for tokenized securities, preemptively positioning itself in the compliant track;

• In August last year, it launched structured notes linked to virtual asset ETFs, testing the waters of crypto financial derivatives;

• The parent company was designated by the Shanghai State-owned Assets Supervision and Administration Commission as...