Yunfeng Financial has been approved to provide virtual asset trading services: fully entering Web3, with stock prices rising over 350% in 4 months.

The Hong Kong listed company Yunfeng Financial Group Limited has recently been active in the digital asset field. Its wholly-owned subsidiary, Yunfeng Securities Limited, has officially obtained approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license (Type 1 license), allowing it to provide virtual asset trading services for retail and professional investors. This upgrade is seen as an important milestone in its strategy to build a new generation Web3 financial ecosystem, aiming to become a regulatory bridge between TradFi and on-chain native investments.

Major Layout: Invest in Pharos Public Chain and Reserve Ethereum

While obtaining the license upgrade, Yunfeng Financial has also intensively deployed multiple innovative measures:

Strategic Investment in Blockchain Infrastructure: On September 1st, Yunfeng Financial announced a strategic cooperation with Ant Group's Ant Digital Technology and made a strategic investment in Pharos Network Technology, a Layer 1 public chain focused on building institutional-grade real-world asset (RWA) application scenarios. Yunfeng Financial will work with Ant Digital Technology to jointly and compliantly expand into cutting-edge fields such as RWA tokenization and the next generation of the internet (Web3).

Increase Holdings of Ethereum as Strategic Reserve: On September 2, Yunfeng Financial announced that it has cumulatively purchased 10,000 ETH in the open market, with a total cost of 44 million USD, designating it as the company's strategic reserve asset. The board believes that this move aligns with the company's layout in the Web3 field and can provide critical infrastructure support for RWA tokenization activities, while optimizing the asset structure and reducing reliance on TradFi.

Plan to buy more mainstream coins like BTC and SOL: On September 5, Yunfeng Financial stated that the recently purchased 10,000 ETH will be listed as investment assets in the financial statements, and in the future, they will continue to increase the proportion of investment in digital assets. In addition to Ethereum, they also plan to explore incorporating a diversified range of mainstream digital assets, including BTC and SOL, into the company's strategic reserve assets.

Overall, Yunfeng Financial stated that it will continue to leverage its advantageous resources in Wanto Insurance and the Yunfeng enterprise ecosystem in the future, exploring deep integration scenarios between business and Web3, and promoting high-quality projects to be compliant and on-chain.

Outstanding performance, stock price soaring, accelerating the construction of the Web3 ecosystem

Yunfeng Financial has maintained strong performance growth while strategically positioning itself in frontier areas. In the first half of this year, the company achieved a profit attributable to shareholders of HKD 486 million, a year-on-year increase of 142%. Its insurance business performed steadily, with insurance revenue reaching HKD 1.532 billion in the first half of the year, a year-on-year increase of 11%.

It is noteworthy that the market has responded positively to the transformation of Yunfeng Financial. Wind data shows that since the end of April, the company's stock price has increased by more than 350%, soaring from less than 1 HKD to over 4 HKD, reflecting strong investor confidence in its new strategy.

According to public data, Alibaba founder Jack Ma indirectly holds about 11.15% of the shares in Yunfeng Financial through Yunfeng Fund, holds 29.85% of shares in Yunfeng Financial Holdings Limited, and holds 40% (non-voting) in Shanghai Yunfeng Innovation.

Conclusion

Yunfeng Financial is rapidly and comprehensively expanding into the Web3 space through a series of initiatives, including obtaining a virtual asset trading license and strategically investing in ETH and RWA public chains. This not only reflects the company's own strategic transformation but also demonstrates how traditional financial institutions are becoming key bridges connecting TradFi and the emerging digital asset world with unprecedented speed and determination in the context of Hong Kong's active embrace of the digital economy.