China Renaissance Capital Announces $100 Million Investment in Web3 Strategy to Create a “Second Growth Curve”

On June 26, China Renaissance Capital Holdings Limited (stock code: 1911.HK), a Hong Kong-listed company, issued an announcement announcing the appointment of Mr. Frank Fu Kan and Ms. Chen Jiali as independent non-executive directors, and simultaneously announced an important strategic deployment: the company's board of directors has approved an investment of US$100 million in the next two years to develop Web3.0-related businesses and invest in digital currency assets.

According to the announcement, China Renaissance Capital will make a comprehensive layout around the core infrastructure of Web3, focusing on stablecoins, RWA (real world assets) tokenization and the construction of a full-chain ecosystem for digital assets. Related work includes technology platform construction, ecological cooperation expansion, compliance capability building and business license application. The company said that this strategic implementation is a key node in the "China Renaissance 2.0 Era" plan, with the goal of creating a sustainable, cross-cycle new growth engine and building a "second growth curve".

At the board level, the addition of Frank Fu Kan and Chen Jiali is believed to bring stronger technological innovation and strategic insight to the company. It is reported that both new directors have rich experience in financial technology, artificial intelligence and blockchain, and will provide important support for China Renaissance Capital to fully embrace Web3.

Huaxing Capital said that Web3 is not only an industrial iteration, but also represents a deep reconstruction of the global financial paradigm. The company will rely on years of experience in investment banking, asset management, technology finance and other fields to actively explore the integration path of traditional finance and crypto finance, promote the application of stablecoins in payment and settlement, expand the on-chain issuance and circulation of real assets, and participate in high-quality digital asset projects around the world.

The company emphasized that the $100 million invested this time will be strictly used to support the research and development of Web3 infrastructure and gradually promote the digital transformation of asset structure. In the future, Huaxing Capital will continue to deepen cooperation with international compliance platforms and regulators to help the implementation and development of the digital financial ecosystem in Hong Kong and the wider market.