Strategic Expansion into Web3.0 and Crypto Assets
Huaxing Capital Holdings (01911.HK) has approved a $100 million budget over the next two years to develop Web3.0 services and invest in cryptocurrency assets. This initiative marks the group's official entry into the Web3.0 and digital asset sector, aligning with Hong Kong's pro-crypto policies and global financial trends.
Key Investment Highlights:
- Focus Areas: Stablecoins, Real World Assets (RWA), and crypto ecosystem development.
- Existing Expertise: Successful investments in Circle Internet Group and advisory services for major crypto firms.
- Strategic Goal: Bridge Web2 and Web3 ecosystems while upgrading financial licenses.
The funding will come from internal resources, with execution contingent on market conditions and cash flow.
Major Corporate Updates
Clarifications and Partnerships
- Hong Kong Robotics (00370.HK): Issued clarifications on smart robotics business rumors.
- Xinte Energy (01799.HK): Secured a ¥500 million investment from ICBC Financial for wind energy subsidiary.
- Wasion Holdings (03393.HK): Won international smart meter orders exceeding ¥850 million.
Financial Performance Snapshot
| Company | Key Metric | Performance |
|---|---|---|
| Bosideng (03998.HK) | Annual Net Profit | ¥3.514B (+14.3% YoY) |
| AEON Credit (00900.HK) | Q1 Post-Tax Profit | HK$109M (+31.3% YoY) |
| Virginie (02199.HK) | Adjusted Annual Profit | HK$402M (+27.1% YoY) |
Operational Data
- China Power (02380.HK): May electricity sales fell 10.16% YoY to 1.028B MWh.
Pharma Breakthroughs
- Sino Biopharm (01177.HK): LM-108 antibody granted breakthrough therapy status for new indications.
Share Repurchases (Selected)
- Tencent (00700.HK): HK$500M buyback (977K shares).
- AIA (01299.HK): HK$88.6M repurchase (1.25M shares).
- Alibaba (09988.HK): $999K spent on 694K shares.
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FAQs
Q: Why is Huaxing Capital investing in Web3.0?
A: The move capitalizes on Hong Kong's supportive regulations and long-term growth potential in decentralized technologies.
Q: How will the $100M crypto fund be allocated?
A: Primarily toward stablecoin projects, RWA tokenization, and ecosystem infrastructure over 24 months.
Q: What's the risk management approach?
A: Investments will be phased based on market conditions and internal liquidity assessments.