China Financial Leasing Group, a Hong Kong–listed investment firm, announced plans to raise approximately HK$86.7 million ($11.1 million) through a share placement to Innoval Capital, signaling its entry into the cryptocurrency and artificial intelligence (AI) investment space.
According to a Sunday filing with the Hong Kong Stock Exchange, Innoval Capital will subscribe to 69.38 million new shares at HK$1.25 per share. The placement represents about 20% of China Financial Leasing’s existing share capital and 16.7% of its enlarged base after completion.
The company said the funds will be used to develop a Crypto-AI digital asset investment platform, with plans to invest in a wide range of digital asset markets. These include stablecoins, Bitcoin (BTC), Ethereum (ETH), real-world assets (RWA), NFTs, DeFi, and Depin projects. The initiative also involves building a digital asset management platform to strengthen the firm’s presence in the growing blockchain sector.
“The company intends to focus on establishing a Crypto-AI digital asset investment platform... and building a digital asset management platform,” China Financial Leasing stated in the filing.
Innoval Capital, the sole subscriber in the deal, is incorporated in the British Virgin Islands and founded by Moore Xin Jin, the CEO of Antalpha — a Nasdaq-listed financial technology company managing over $1.6 billion in assets. Jin is widely regarded as a seasoned player in both crypto and fintech sectors.
China Financial Leasing said its latest move aligns with the Hong Kong government’s June policy statement supporting the development of virtual assets. The firm added that the new platform would help it evolve into an “innovative digital asset investment holding group” by integrating blockchain and AI technologies.
Following the announcement, shares of China Financial Leasing surged 25% as of 2:00 p.m. on Monday in Hong Kong, according to Yahoo Finance. The company’s market capitalization now stands at approximately HK$555 million ($71.3 million).
