Today's Key Focus
Huaxing Capital Holdings (01911.HK) has announced a strategic move into Web3.0 and cryptocurrency assets, approving a $100 million budget over the next two years to develop Web3.0 operations and invest in digital assets. This initiative aligns with Hong Kong’s pro-Web3.0 policies and aims to position the group as a bridge between traditional finance and decentralized technologies.
Why This Matters:
- Strategic Expansion: Marks Huaxing’s formal entry into the crypto ecosystem, leveraging its prior investments (e.g., Circle Internet Group) and expertise in crypto-related IPOs.
- Focus Areas: Increased emphasis on stablecoins, RWA (real-world assets), and full-chain crypto ecosystems, alongside pursuing regulatory licenses.
- Funding: The plan will be financed through internal resources, with execution contingent on market conditions and cash flow.
Major Corporate Updates
Clarifications and Partnerships
- Hong Kong Robotics (00370.HK): Issued clarifications regarding media reports on its smart robotics business.
- Xinte Energy (01799.HK): Secured a ¥500 million capital increase for subsidiary Fengsheng Power from ICBC Financial.
- Wasion Holdings (03393.HK): Won overseas smart meter orders exceeding $85 million, with contracts in Mexico and Tanzania.
Financial Performance Highlights
Apparel & Retail
- Bosideng (03998.HK): FY profit rose 14.3% to ¥3.51 billion, driven by strong winterwear sales.
- Migo Group (09879.HK): Projected 2025 profit of ¥340 million, up 22.9% YoY.
Energy & Transport
- China Power (02380.HK): May electricity sales fell 10.16% YoY to 1.03 billion MWh.
- Kwoon Chung Bus (00306.HK): Net profit surged 296% to HK$127 million, benefiting from post-pandemic demand recovery.
Healthcare Innovations
- Sino Biopharm (01177.HK): LM-108 (CCR8 antibody) for new indications entered breakthrough therapy designation.
Share Buybacks (June 2025)
| Company | Amount Spent | Shares Repurchased |
|-----------------------|--------------------|--------------------|
| Tencent (00700.HK) | HK$500 million | 979,000 |
| AIA (01299.HK) | HK$88.6 million | 1.25 million |
| Alibaba (09988.HK) | $999 million | 694,000 |
FAQ
1. Why is Huaxing investing in cryptocurrency?
Huaxing aims to capitalize on Web3.0’s growth potential and Hong Kong’s supportive regulatory environment, diversifying its portfolio beyond traditional finance.
2. What risks are involved?
Cryptocurrency markets are volatile. Huaxing’s phased investment approach mitigates risks while exploring new revenue streams.
3. How does this benefit shareholders?
Long-term value creation through emerging tech exposure and alignment with global financial trends.
👉 Explore Huaxing’s Web3.0 roadmap
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