TechFlow news, on August 18, according to Caixin, several projects led by Ant Digital Technologies raised hundreds of millions to 200 million yuan for related enterprises, driving the stock prices of associated listed companies to consecutive trading limits. Xiecheng Energy, a struggling photovoltaic company, had previously suffered from low share prices. After announcing its cooperation with Ant Digital Technologies, its stock price doubled within three months, rising from a low of 6.24 yuan per share on April 9 to a high of 14.90 yuan per share on July 1. Langxin Group's stock price increased from a low of 7.27 yuan per share in August 2024 to a high of 26.07 yuan per share in June 2025. Aured also hit the trading limit shortly after market opening on the second trading day following its announcement on August 8 of completing an RWA issuance. However, these listed companies have not disclosed specific details of their RWA projects—including information on securitized asset收益 rights and fundraising amounts—in relevant annual reports or announcements, nor have they held any meetings to approve resolutions regarding the transfer of such收益 rights.
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