The digital currency sector collectively soared - these fund managers ambushed in advance

Here's the English translation: Recently, the United States and Hong Kong almost simultaneously advanced stablecoin legislation. Stimulated by this positive news, Bitcoin broke through $110,000, creating a new historical high. On the same day, May 29th, ZhongAn Online surged 31.56% in a single day in the Hong Kong stock market; in the A-share market, Lanxin Group, Lakala, Xiongdi Technology, Sifang Precision, and Tianyang Technology all hit the 20% daily limit, with several other stocks like Xinguodu, Feitian Trustcom, and Hengbao also seeing significant gains. From the end-of-quarter data, public funds have already "ambushed" these stocks. Taking ZhongAn Online, which few public funds have heavily invested in, as an example, Guofu New Trend newly added the stock as its fourth-largest holding, becoming the only public fund product with a heavy position in the stock at the end of the quarter. In the context of global de-dollarization discussions, stablecoins are becoming a "lifeline" for the US dollar, while also absorbing some US Treasury bond demand. Currently, the stablecoin market scale exceeds $250 billion, with underlying assets primarily being short-term US Treasury bonds, making them important Treasury bond holders. Typically, public fund managers bullish on digital currencies often achieve their layout by holding or increasing positions in listed companies related to digital currencies.

Zhai Xiangdong's Merchants Advantage Enterprise, Nong Bing Li's Jingsheng Long City Quality Evergreen, and Hu Yibin's Huaan Media Internet, all newly entered the stock, with shareholdings of 6 million shares, 5.1666 million shares, and 1.6445 million shares respectively; Yang Fei's Penghua Innovation-Driven and Penghua High-End Equipment One-Year Hold also newly entered the stock as top ten heavy positions, with holdings of 1.1582 million shares and 516,900 shares; Wang Xin's Chuangjin Hexin Digital Economy Theme and Chuangjin Hexin Dynamic Balance, as well as Xiong Zheying's Huaan Advanced Manufacturing, also newly entered the stock as heavy positions.

As a company dedicated to providing information technology services (ITO) and business process outsourcing services (BPO) to domestic and foreign financial institution customers, Jingbeifang achieved a historical high in revenue scale in 2024. In terms of frontier technology layout, the company has achieved large-scale applications of artificial intelligence, big data, and digital currencies. In 2024, the company's artificial intelligence and big data innovative products generated revenue of 79.59 million yuan, accounting for 1.72% of total revenue, a year-on-year increase of 65.29%; smart customer service and precise marketing for consumer finance generated revenue of 820 million yuan, accounting for 17.69% of total revenue, a year-on-year increase of 37.46%.

According to the financial report, the company's performance achievements in 2024 benefited from deep participation in financial institution information technology system construction, while also forward-looking layout and implementation of innovative technology products such as artificial intelligence and big data. The company provides technical support and testing services for bank core system construction, involving core business scenarios such as credit management, cash management, and payment settlement.

It is worth mentioning that by the end of the first quarter, although no public fund heavily held Xinguodu, one of the "Digital Currency Four Dragons", the National Social Security Fund 604 portfolio increased its holdings to 10 million shares.