Changes in Hong Kong stocks | Xinhuo Group (01611) rose more than 11% in early trading, and digital assets under management regulations increased 60% quarterly to US$221 million

The Zhitong Finance App learned that Xinhuo Group (01611) rose more than 11% in early trading. As of press release, it rose 11.28% to HK$1.775.

According to the news, Xinhuo Group recently announced that as of September 30, the Group's digital asset management business had a capital under management (AUM) of about US$221 million, an increase of 60.1% over the quarter. In the three months ended September 30, the Group's crypto asset trading volume was approximately US$342 million, up about 362.2% from quarter to quarter. Furthermore, as of September 30, the total assets managed by BitTrade, the Japan-compliant digital asset exchange, were managed by its Japanese digital asset exchange, about US$113 million, and the number of registered users increased to more than 306,000.

Xinhuo Group believes that the steady growth in various operating data reflects the Group's leading position in the field of compliant digital asset wealth management, and will continue to expand the scale of asset management in the future, relying on relevant licenses already obtained in Hong Kong and Japan.