China New City joins Hong Kong real world assets alliance
China New City Group Limited announced its participation as an inaugural member in the Hong Kong Real World Assets Global Industry Alliance, effective July 30, 2025.
The alliance aims to promote digital transformation of real-world assets using blockchain, AI, and IoT technologies across sectors like real estate and green finance.
China New City, with an investment property portfolio valued at approximately RMB4,336.9 million as of December 31, 2024, believes tokenization can help reflect the fair value of its assets, addressing its market capitalization trading below net asset book value.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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