According to Shenchao TechFlow, the Hong Kong-listed company Chuan Cheng Education Group Limited plans to invest in cryptocurrency, with a total amount not exceeding HKD 30 million, to be allocated from internal resources and conducted in the public market of regulated and licensed virtual asset trading platforms.
The company's board of directors holds an optimistic view of the cryptocurrency market, believing it benefits from supportive regulatory developments, increased institutional investment, the expansion of cryptocurrency exchange-traded fund products, improved mainstream adoption, and the growth of retail penetration in Asia.
To strengthen investment decision-making and risk management, the company has established an investment committee, chaired by executive director Yuan Yushen, responsible for reviewing and providing recommendations on investment strategies to the board of directors, particularly regarding cryptocurrency and virtual asset investments.