Both parties will cooperate in areas such as compliant digital asset management, technological exploration, and market expansion.
China New City Group Limited (1321.HK, hereinafter referred to as "China New City") has signed a memorandum of cooperation with HashKey Exchange, Hong Kong's largest licensed virtual asset exchange. The two parties will collaborate in the fields of compliant digital asset management, technological exploration, and market expansion.
As a publicly listed commercial real estate development and operation enterprise in Hong Kong, China New City has a rich portfolio of physical assets. HashKey Exchange, one of the first licensed virtual asset exchanges by the Hong Kong Securities and Futures Commission, possesses professional custody and trading capabilities. The two parties will jointly explore new models of compliant digital asset management, comprehensively enhancing the efficiency and security of asset management. At the same time, this cooperation will also provide a new example of digital asset management for traditional financial institutions.
The two parties will cooperate in several areas:
• Institutional asset custody: Build a secure asset allocation and custody path within the regulatory framework, optimizing fund liquidity and usage efficiency;
• Product and business expansion: Both parties will actively explore cooperation in virtual asset custody and institutional product development, and expand into broader business areas when conditions are ripe;
• Market and brand collaboration: Enhance influence in the financial and virtual asset markets through participation in industry forums and market promotion.
Chen Dekang, head of HashKey Exchange, stated:
"We look forward to working with China New City to jointly explore compliant and efficient digital asset management practices, helping traditional enterprises achieve digital transformation. We will adhere to innovation while maintaining integrity, deeply cultivating various financial application scenarios, allowing more enterprises to reap the new dividends of the digital economy through co-construction and sharing."
Lin Caihe, CFO of China New City, stated:
"As a representative of financially healthy companies among Hong Kong-listed real estate enterprises, China New City Group (1321.HK) has built a diversified business matrix in commercial, hotel, education, cultural tourism, and low-altitude economy through its integrated capabilities in 'development-operation-asset management.' We look forward to leveraging HashKey Exchange's expertise in compliant digital asset trading and management to extend our experience in managing physical assets into the realm of virtual asset allocation. We will align with the trend of digital economic development, seek incremental growth through innovation, create value through stability, and inject new momentum into the high-quality development of enterprises."
About China New City Group Limited
China New City Group Limited (1321.HK) is a publicly listed company in Hong Kong, primarily engaged in commercial real estate development and operation management. The company has a diversified portfolio of physical assets and actively explores digitalization and innovative finance directions to provide long-term value for shareholders and the market.
About HashKey Exchange
HashKey Exchange is committed to setting new benchmarks for virtual asset exchanges in compliance, fund security, and platform safety. Hash Blockchain Limited (HashKey Exchange) is one of the first licensed retail virtual asset exchanges in Hong Kong. It has received approval from the Hong Kong Securities and Futures Commission (SFC) and holds licenses under the Securities and Futures Ordinance for Type 1 (Securities Trading) and Type 7 (Providing Automated Trading Services), as well as a license to operate a virtual asset trading platform under the Anti-Money Laundering Ordinance, ensuring compliant operation of the virtual asset trading platform. As the flagship business of HashKey Group, HashKey Exchange provides one-stop virtual asset trading services for professional investors (PIs) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Privacy Information) management system certifications. To comply with laws and regulations, HashKey Exchange does not provide services to users in mainland China, the United States, and certain other jurisdictions.
- As of August 6, 2025, it ranks 17th in the global exchange rankings on CoinGecko, making it the highest-ranked licensed virtual asset exchange in Hong Kong.
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