Yunfeng Financial, in which Jack Ma holds an indirect stake, said it has been added to the list of Hong Kong stocks eligible for trading under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs, effective Sept. 7, 2026. The company said the inclusion will allow qualified mainland Chinese investors to buy and sell its shares listed on the Hong Kong Stock Exchange through domestic securities firms, giving mainland investors a more convenient channel to access the stock.
The company had previously disclosed that it bought a cumulative 10,000 ETH in the open market at a total investment cost of $44 million, including fees and expenses. Yunfeng Financial said the purchases were funded by the group’s internal cash reserves, and the ETH holdings were recorded as investment assets in its financial statements. It also said it plans to explore adding other mainstream digital assets, including Bitcoin (BTC) and Solana (SOL), to its strategic reserve assets.
Yunfeng Financial, in which Jack Ma holds an indirect stake, said it has been included in the list of Hong Kong stocks eligible under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs, effective Sept. 7, 2026.
The company said the change will allow qualified mainland Chinese investors to trade its shares listed on the Hong Kong Stock Exchange through domestic securities firms, creating a more convenient channel for mainland investors to access the stock.
Company had previously disclosed a 10,000 ETH purchase
Yunfeng Financial previously 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 company said the purchase funds came from the group’s internal cash reserves, and that the acquired ETH was classified as investment assets in the group’s financial statements.
Beyond Ethereum, Yunfeng Financial also said it plans to explore including a range of mainstream digital assets such as Bitcoin (BTC) and Solana (SOL) in the company’s strategic reserve assets.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
