China Financial Leasing Group Raises $11M for Crypto and AI Investment Platform

Hong Kong-listed China Financial Leasing Group (2312) has announced plans to raise approximately $11.1 million (86.5 million HKD) through a new share issuance to establish a cryptocurrency and AI digital asset investment platform. The company will issue over 69 million new shares at 1.25 HKD each, with 94% of net proceeds allocated to securities investments focused on crypto, blockchain, and artificial intelligence sectors. This move comes as Hong Kong advances its crypto regulatory framework, with China Financial's stock surging 34% following the announcement while the Hang Seng Index declined 0.67%.