BlockBeats news, on August 8, according to Caixin, multiple independent sources have indicated that Bao Fan, the founder of Hong Kong listed company Huaxing Capital Holdings (01911.HK), has recently been reported to have reappeared. In February 2023, Bao Fan, the founder of Hong Kong listed company Huaxing Capital Holdings (01911.HK), was suddenly taken away by relevant authorities, shocking the venture capital circle. Since then, the authoritative departments have not disclosed any information regarding the case and investigation progress. Huaxing Capital responded externally that Bao Fan no longer participates in the group's daily management and operations, and his personal life dynamics are private matters, which Huaxing Capital will no longer respond to.
According to RockFlow market data, Hong Kong's Huaxing Capital Holdings (01911.HK) rose by 16.84% today and plans to invest $100 million to enter the Web3 and cryptocurrency fields.