Core Points - Hong Kong police have charged 16 individuals in connection with the JPEX virtual asset trading platform fraud case, which has been ongoing for two years [1][3] - The case has seen a total of 80 arrests, with the current charges including conspiracy to commit fraud, money laundering, and obstruction of justice [3][4] - The investigation revealed significant evidence through extensive analysis of transaction records and documents, leading to the prosecution of these individuals [3] Group 1 - The charged individuals include six core members of the group, seven related to over-the-counter cryptocurrency exchanges, and several internet celebrities [3] - The police have issued red notices for three key suspects who are currently at large, indicating the complexity and scale of the fraud [4] - The case involves over 2,700 victims and an estimated amount exceeding 1.6 billion HKD, highlighting the extensive impact of the fraud [4] Group 2 - The police have utilized a new legal framework effective from April 1, 2023, to prosecute certain individuals under the Anti-Money Laundering and Terrorist Financing Ordinance [4] - The JPEX platform was operating without the necessary licenses in Hong Kong, raising significant concerns about its business practices [4] - This prosecution marks the first phase of legal action, with the possibility of further charges as the investigation continues [4]

根據特別授權配售新股份 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：1341） 進一步變更所得款項用途 茲提述昊天國際建設投資集團有限公司（「本公司」，連同其附屬公司統稱「本 集 團」）日 期 為 二 零 二 四 年 十 月 三 日、二 零 二 五 年 五 月 十 二 日 及 二 零 二 五 年九月三日有關根據特別授權配售本公司新股份（「配售事項」）之公告（「該 等公告」）。除 另 有 界 定 者 外，本 公 告 所 用 詞 彙 與 該 等 公 告 所 界 定 者 具 有 相 同 涵 義。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 HAO TIAN INTERNATIONAL CONSTRUCTION INVESTMENT GROUP LIMITED 昊天國際建設投資集團有限公 司 – 2 – 如 該 等 公 告 所 披 露，董 事 會 已 決 議 將 餘 ...

Core Viewpoint - Multi-Point Intelligent (02586) shares rose over 4%, currently up 4.61% at HKD 9.99, with a trading volume of HKD 11.8024 million. The company announced a non-binding letter of intent for the potential acquisition of 100% equity in two licensed corporations under the Securities and Futures Ordinance in Hong Kong [1] Summary by Relevant Sections - **Acquisition Potential** - The company has submitted a non-binding letter of intent regarding the potential acquisition of two licensed corporations under the Securities and Futures Ordinance [1] - One target company is licensed for regulated activities under Class 4 (advising on securities), Class 5 (advising on futures contracts), and Class 9 (asset management), while the other holds a Class 1 (dealing in securities) license [1] - **Strategic Implications** - The potential acquisition is expected to enable the company to quickly enter the regulated financial services sector [1] - It lays the groundwork for upgrading licenses in Class 1 (dealing in securities), Class 4 (advising on securities), and Class 9 (asset management) to provide virtual asset trading services [1] - The acquisition aligns with the company's goal to build an innovative model that integrates "retail scenarios + real-world assets (RWA)" [1]

Core Viewpoint - The company, Multi-Point Intelligence (02586), has submitted a non-binding letter of intent for the potential acquisition of 100% equity in two licensed corporations under the Securities and Futures Ordinance of Hong Kong, aiming to enter the regulated financial services sector [1] Group 1: Acquisition Details - The first target company is licensed to conduct regulated activities under categories 4 (advising on securities), 5 (advising on futures contracts), and 9 (asset management) [1] - The second target company holds a license for category 1 (dealing in securities) under the Securities and Futures Ordinance [1] - As of the announcement date, no binding agreements have been signed, and negotiations on the terms of the potential acquisition are ongoing [1] Group 2: Strategic Implications - The potential acquisition is expected to enable the company to quickly enter the regulated financial services sector [1] - It will lay the groundwork for upgrading licenses in categories 1, 4, and 9 to provide virtual asset trading services [1] - The acquisition is also seen as beneficial for the company to develop an innovative model that integrates "retail scenarios + real-world assets (RWA)" [1]

Core Viewpoint - Multi-Point Digital (02586.HK) has submitted a non-binding letter of intent for the potential acquisition of 100% equity in two licensed corporations under the Securities and Futures Ordinance in Hong Kong, aiming to enter the regulated financial services sector and enhance its capabilities in virtual asset trading [1] Group 1 - The potential acquisition involves two target companies, one holding licenses for regulated activities under categories 4 (advising on securities), 5 (advising on futures contracts), and 9 (asset management), while the other holds a license for category 1 (securities trading) [1] - As of the announcement date, no binding agreements have been signed, and negotiations regarding the terms of the potential acquisition are ongoing [1] - The company believes that this acquisition will facilitate its rapid entry into the regulated financial services sector and lay the groundwork for upgrading its licenses to provide virtual asset trading services [1] Group 2 - The acquisition is expected to support the company's innovative model that integrates "retail scenarios + real-world assets (RWA)" [1]

Core Viewpoint - The company, Multi-Point Intelligence (02586), has submitted a non-binding letter of intent for the potential acquisition of 100% equity in two licensed corporations under the Securities and Futures Ordinance of Hong Kong, aiming to enter the regulated financial services sector [1] Group 1: Acquisition Details - The first target company is licensed to conduct regulated activities under categories 4 (advising on securities), 5 (advising on futures contracts), and 9 (asset management) [1] - The second target company holds a license under category 1 (dealing in securities) [1] - As of the announcement date, no binding agreements have been signed, and negotiations on the terms of the potential acquisition are ongoing [1] Group 2: Strategic Implications - The potential acquisition is expected to enable the company to quickly enter the regulated financial services sector [1] - It will lay the groundwork for upgrading licenses in categories 1, 4, and 9 to provide virtual asset trading services [1] - The acquisition aligns with the company's strategy to build an innovative model that integrates "retail scenarios + real-world assets (RWA)" [1]

Core Insights - The article highlights the accelerated international business expansion of small and medium-sized securities firms in China, particularly in Hong Kong, with several firms obtaining licenses and establishing subsidiaries [1][10][11]. Group 1: Company Developments - Guolian Minsheng Securities has received a trading license from the Hong Kong Securities and Futures Commission, marking a significant milestone in its international strategy [4][5]. - Other firms, such as Northeast Securities, Western Securities, and First Capital, have also announced plans to establish Hong Kong subsidiaries, indicating a trend among smaller firms to enter the market [12][13]. - Guolian Minsheng Securities' Hong Kong subsidiary will focus on investment banking underwriting, stock trading, and stock custody services [4][5]. Group 2: Market Trends - The Hong Kong market is experiencing increased trading activity and a surge in technology IPOs, providing a differentiated development space for smaller securities firms [2][22]. - The total assets of overseas subsidiaries of Chinese securities firms reached HKD 1.64 trillion, a year-on-year increase of 20.45%, indicating robust growth in international operations [18]. - The Hong Kong stock market has seen a revival, with net profits in the securities industry increasing by 14% to HKD 28.9 billion in the first half of the year [14][19]. Group 3: Challenges and Strategic Shifts - Despite the growth, some firms have faced challenges, with reports of losses and delistings among certain subsidiaries, prompting some firms to reconsider their international strategies [2][20]. - The role of Hong Kong is evolving from a mere "outbound bridge" to a "strategic high ground" for international business, attracting more firms to increase their investments in the region [18][22]. - Regulatory scrutiny has increased, with firms needing to balance international expansion with compliance and risk management [21][22].

Group 1 - Yunfeng Financial announced a strategic investment in global cryptocurrency life insurance company Anthea, aiming to explore blockchain-based insurance products, including cryptocurrency life insurance and savings/retirement insurance based on ETH and BTC [1] - The company received approval from the Hong Kong Securities and Futures Commission to upgrade its existing license for regulated activities, allowing it to provide virtual asset trading services for retail and professional investors [1] - Yunfeng Financial has formed a strategic partnership with Ant Financial and made a strategic investment in Pharos Network Technology Limited to expand into tokenization of real-world assets and next-generation internet (Web3) [1] Group 2 - Yunfeng Financial's stock price increased by over 6%, with a current price of 6.43 HKD and a trading volume of 243 million HKD [2]

Core Viewpoint - Yunfeng Financial (00376) has seen a significant increase in stock price, attributed to its strategic partnership with Anthea, a global cryptocurrency life insurance company, and its expansion into digital asset services [1] Group 1: Strategic Partnerships and Collaborations - Yunfeng Financial announced a strategic investment in Anthea, focusing on exploring blockchain-based insurance products, including cryptocurrency life insurance and savings plans based on ETH and BTC [1] - The company is also collaborating with Pharos Network Technology Limited to expand into tokenization of real-world assets (RWA) and next-generation internet (Web3) through Pharos' high-performance blockchain platform [1] Group 2: Regulatory Approvals and Service Expansion - Yunfeng Securities, a wholly-owned subsidiary of Yunfeng Financial, received approval from the Hong Kong Securities and Futures Commission to upgrade its license for regulated activities, allowing it to offer virtual asset trading services to retail and professional investors [1] - This upgrade enables customers to trade digital assets directly on Yunfeng Financial's trading platform, enhancing its service offerings in the digital asset space [1]

Core Viewpoint - Yunfeng Financial (00376) saw a significant increase of over 12%, closing at HKD 5.84 with a trading volume of HKD 346 million, following news regarding stablecoin license applications in Hong Kong [1] Group 1: Stablecoin License Applications - As of September 30, the Hong Kong Monetary Authority (HKMA) received applications for stablecoin licenses from 36 institutions, including banks, tech companies, and payment service providers [1] - The HKMA aims to review the applications and plans to announce the first batch of stablecoin issuers' licenses by early next year, with a limited number of licenses to be issued in the first phase [1] Group 2: Yunfeng Financial Developments - On September 9, Yunfeng Financial announced that its wholly-owned subsidiary, Yunfeng Securities, received approval from the Securities and Futures Commission of Hong Kong to upgrade its existing Type 1 (securities trading) license [1] - Following the upgrade, Yunfeng Securities will be able to provide virtual asset trading services for both retail and professional investors on its trading platform [1] - Yunfeng Financial has entered into a strategic cooperation agreement with Ant Group and made a strategic investment in Pharos Network Technology Limited to jointly explore tokenization of real-world assets (RWA) and Web3 through Pharos's high-performance blockchain platform [1]