According to Caixin reports, Bao Fan, the founder of Huaxing Capital, has recently reappeared after being taken away for detention by relevant authorities in February 2023, and is suspected to have regained his freedom. Huaxing Capital plans to expand its licenses No. 1, 4, and 9 from the Hong Kong Securities and Futures Commission to digital asset businesses this year, and will increase investment in infrastructure such as Web3 and RWA.