#ChinaFinance

๐Ÿš€ China Financial Leasing Group to Raise $11.1M for Crypto-AI Platform ๐Ÿ“ˆ

Hong Kong-listed China Financial Leasing Group (CFLG) is set to raise HK$86.7M ($11.1M) through a share placement to Innoval Capital, aiming to build a cutting-edge cryptocurrency and AI investment platform. The move aligns with Hong Kongโ€™s push to develop crypto assets. ๐Ÿช™๐Ÿ’ก

Key Details:

โ€ข Innoval Capital, led by Antalpha CEO Moore Xin Jin, will buy 69.38M shares at HK$1.25 each.

โ€ข Funds will support a Crypto-AI digital asset platform, focusing on BTC, ETH, stablecoins, NFTs, DeFi, and more.

โ€ข CFLGโ€™s stock surged 25% by 2 p.m. Monday in HK, with a market cap of ~HK$555M ($71.3M). ๐Ÿ“Š

This strategic pivot aims to position CFLG as a leader in digital asset management by integrating AI and blockchain. Exciting times for crypto in Hong Kong! ๐ŸŒ