Hua Xing Capital Founder Bao Fan Rumored to Have Resurfaced

BlockBeats News, August 8th, according to Caixin, multiple independent sources have indicated that Fang Xinghai, the founder of the Hong Kong-listed company Huaxing Capital Holdings (01911.HK), has recently been rumored to have reappeared. In February 2023, Fang Xinghai, the founder of the Hong Kong-listed company Huaxing Capital Holdings (01911.HK), was suddenly taken away by relevant authorities, shaking the venture capital circle. Subsequently, the details of the case and the progress of the investigation have not been disclosed by the authorities. Huaxing Capital responded by stating that Fang Xinghai is no longer involved in the group's daily management and operations, and his personal activities are private matters beyond the scope of Huaxing Capital's response.

According to RockFlow market data, Huaxing Capital Holdings (01911.HK) in the Hong Kong stock market surged by 16.84% today, planning to invest $100 million to enter the Web3 and cryptocurrency field.