PANews|Sep 07, 2026 14:47
[Yunfeng Financial, Indirectly Held by Jack Ma, Included in Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect]
PANews, September 7 – Yunfeng Financial, indirectly held by Jack Ma, announced that it has been included in the list of eligible securities under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, effective from September 7, 2026. Following the inclusion, eligible mainland Chinese investors can trade the group's shares listed on the Hong Kong Stock Exchange through domestic securities firms via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, providing a more convenient channel for mainland investors to invest in the group's shares.
Previously, Yunfeng Financial disclosed that it had cumulatively purchased 10,000 ETH in the open market, with a total investment cost (including fees and expenses) of $44 million. The purchase was funded from the group's internal cash reserves, and the acquired ETH is listed as an investment asset in the group's financial statements. Yunfeng Financial also stated that, in addition to Ethereum, it plans to explore incorporating a diversified range of mainstream digital assets, including Bitcoin (BTC) and Solana (SOL), into the company's strategic reserve assets.
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