China Renaissance appoints new directors, enters cryptocurrency asset investments

China Renaissance Holdings Limited (HKEX:1911) is strategically expanding into the Web3.0 and cryptocurrency sector. The company announced a voluntary Cryptocurrency Assets Investment Plan with a budget of US$100 million over the next two years. This plan will be funded by the Group's internal resources and cash reserves. The investment aims to align with Hong Kong's policies supporting Web3.0 development, targeting stablecoins, Real-World Assets (RWA), and the cryptocurrency value chain.