Quick Breakdown
- CFLG to issue 69.38M new shares at HK$1.25 each, raising HK$86.7M.
- 94% of proceeds will fund Web3 and AI investments.
- Move aligns with Hong Kong’s push to become a digital asset hub.
Hong Kong-listed investment firm China Financial Leasing Group Limited (CFLG) is moving aggressively into the digital asset space, announcing plans to raise HK$86.7 million through a new share subscription aimed at building a crypto and AI-focused investment platform.
China Financial Leasing Group is raising HK$86.7M ($11.1M) from Innoval Capital to build a crypto and AI investment platform. The move aligns with Hong Kong’s crypto push, and the firm’s stock jumped 25% on the news. pic.twitter.com/2nzhd1FdS2
— BNN (@brainsnewsnets) October 6, 2025
Share subscription to strengthen capital and digital asset ambitions
In a filing with the Hong Kong Stock Exchange, CFLG disclosed that it has entered into a conditional subscription agreement with an independent investor for 69.38 million new shares at HK$1.25 per share — a slight 2.34% discount to the previous closing price of HK$1.28. The new shares represent 20% of existing share capital and 16.67% post-issuance.
Upon completion, the company will apply for listing approval for the new shares. The net proceeds, estimated at HK$86.47 million, will primarily fund CFLG’s expansion into crypto and AI-related assets.
The company said approximately 94% of the funds, or HK$81.47 million, will go toward investing in both listed and unlisted companies within the Web3 and artificial intelligence sectors, while the remaining HK$5 million will be allocated for working capital.
Aligning with Hong Kong’s web3 policy push
CFLG stated that its move is aligned with the Hong Kong government’s “Digital Asset Development Policy 2.0”, unveiled in June 2025, which aims to establish the city as a regional Web3 hub. The firm plans to build a digital asset investment and management platform, targeting projects across stablecoins, Bitcoin, Ethereum, DeFi, RWA, NFTs, and DePIN infrastructure.
The new investor, an independent third party with deep experience in the digital asset sector, is expected to add strategic value and open access to new blockchain opportunities. CFLG emphasized that the capital injection will strengthen its balance sheet, expand shareholder diversity, and accelerate its transition toward becoming an innovation-driven digital asset holding group.
The announcement also comes as China deepens its state-backed digital finance efforts. The People’s Bank of China (PBOC) has launched a dedicated digital yuan operations centre in Shanghai, according to Xinhua News Agency.
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