8 hours ago
China Financial volition rise the superior done a caller stock subscription, issuing implicit 69 cardinal caller shares astatine a terms of 1.25 Hong Kong dollars each.
Oct 6, 2025, 9:49 a.m.
Hong Kong-listed institution China Financial Leasing Group (2312) says it program to rise astir 86.5 cardinal Hong Kong dollars ($11.1 million), from which it volition physique a cryptocurrency concern platform.
China Financial volition rise the superior done a caller stock subscription, issuing implicit 69 cardinal caller shares astatine a terms of 1.25 Hong Kong dollars each, according to a filing with the Hong Kong Stock Exchange.
Approximately 94% of the nett proceeds from the rise volition beryllium utilized for concern successful securities of institution successful assorted sectors, with a absorption connected the crypto and blockchain industries and artificial quality (AI).
The institution added that it intends to absorption connected "establishing a crypto and AI integer plus concern platform," successful the announcement connected Sunday.
Hong Kong has been astatine the forefront of jurisdictions advancing their regularisation of the crypto industry, having set retired plans successful June to found a regime to oversee exchanges, custodians, stablecoins and different integer plus work providers.
China Financial jumped immoderate 34% connected Monday, closing astatine 1.72 Hong Kong dollars, compared to the Hang Seng Index closing 0.67% lower.
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