「Stimulated by the Announcement of Being Approved to Provide Virtual Asset Trading Services」, Yunfeng Financial Soars More Than 31% During Trading Hours

BlockBeats News, September 10th, according to market information, Yunfeng Financial surged today, rising more than 31% intra-day, and is now trading at HK$5.57.

Yesterday evening, Yunfeng Financial Group Limited (stock code: 376.HK) announced that its wholly-owned securities subsidiary, Yunfeng Securities Limited, has officially obtained approval from the Securities and Futures Commission of Hong Kong (SFC). The existing securities trading license (Type 1 license) will be upgraded to provide virtual asset trading services.

According to publicly available information, Alibaba's founder Jack Ma indirectly holds approximately 11.15% of Yunfeng Financial through Yunfeng Fund.