Core Viewpoint - Shanghai Fuyou Payment Service Co., Ltd. has submitted its Hong Kong IPO prospectus, which has now expired after six months, with CITIC Securities and Shenwan Hongyuan Hong Kong as joint sponsors [1] Group 1: Company Overview - Fuyou Payment is a versatile digital payment technology platform in China, recognized as one of the first to offer multi-channel digital payment and digital business solutions [2] - The company is also among the first to obtain a license for cross-border foreign exchange payment services [2] Group 2: Financial Performance - As of December 31, 2024, Fuyou Payment has processed a total payment volume (TPV) of RMB 15.10 trillion, handling over 54.5 billion payment transactions since its establishment [2]

Group 1 - The core viewpoint of the news is that Shanghai Fuyou Payment Service Co., Ltd. has seen its Hong Kong IPO application expire after six months, with China International Capital Corporation and Shenwan Hongyuan Hong Kong serving as joint sponsors [1] - Fuyou Payment is recognized as a versatile digital payment technology platform in China, being one of the first to provide multi-channel digital payment and digital business solutions [2] - As of December 31, 2024, Fuyou Payment has processed a total payment volume (TPV) of RMB 15.10 trillion, handling over 54.5 billion payment transactions since its establishment [2]