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Hong Kong-listed company Jingji Financial International has invested 12 million USD to subscribe for shares in Amber International, entering the institutional cryptocurrency services sector

ChainCatcher news, according to Zhitong Finance, Jingji Financial International (01468) announced that on June 30, 2025 (after trading hours), the company entered into a subscription agreement with the issuer Amber International, under which the issuer agrees to issue and the company agrees to subscribe for the subscription shares at a cost of approximately 12 million USD. The subscription price for the subscription shares is 2.09 USD per share.It is reported that the subscription shares consist of 5.7416 million A-class ordinary shares issued by the issuer, each with a par value of 0.001 USD.The announcement states that the subscription is a strategic financial investment that aligns with the group's recent plans, including the establishment of an investment committee to oversee digital asset opportunities. This investment is expected to diversify the company's portfolio and enter the institutional crypto services sector, consistent with its previously voluntarily published announcement regarding the exploration of digital assets.According to public information, the financing is priced at 10.45 USD per ADS (American Depositary Share), based on the volume-weighted average price of Amber International ADS over three trading days from June 25 to 27, 2025, which is 11.00 USD, priced at a 5% discount to 10.45 USD / ADS. Each ADS corresponds to 5 shares of A-class ordinary shares, meaning the price for each subscribed A-class ordinary share is 2.09 USD.

Recently, A-share stablecoin concept stocks have seen a surge in trading limits, and analysts remind investors to view this rationally

ChainCatcher news, according to Securities Times, on June 25, the concept stocks of stablecoins continued to perform strongly. By the close, Jingbeifang (002987.SZ), Cuiwei Co., Ltd. (603123.SH), and Hailian Jinhui (002537.SZ) hit the daily limit, among which Hailian Jinhui has received three consecutive daily limit increases.The day before, Dongxin He Ping (002017.SZ) and Hailian Jinhui (002537.SZ) also hit the daily limit. Jincai Hulian (002530.SZ) hit the daily limit in the morning session, closing up 6.46% for the day. On the 23rd, Sifang Jingchuang (300468.SZ) hit the 20CM daily limit, with a monthly increase of 82%. Additionally, Chutianlong (003040.SZ) saw a monthly increase of over 67%. Several other concept stocks, including Youbuxun (300531.SZ), Lakala (300773.SZ), Huafeng Superfiber (300180.SZ), Advanced Digital Communication (300541.SZ), Digital Certification (300579.SZ), and Jingbeifang (002987.SZ), also experienced significant gains.In response, Wang Pengbo, chief analyst of the financial industry at Botong Consulting, stated, "Although stablecoins show certain advantages in specific areas such as cross-border payments, this does not mean that stablecoins can replace the existing payment system. Stablecoins are more like a supplement within the vast landscape of the current payment system." Furthermore, from the perspective of the current mainland market, there is no opportunity for stablecoins, as market rates are already very low, and the payment system is well-established and convenient, covering various small and frequent scenarios. Moreover, from a legal standpoint, the central bank has previously explicitly prohibited non-sovereign cryptocurrency payments.
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