NEW
YORK, June 13, 2022 /PRNewswire/ -- Future
FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as
"Future FinTech", "FTFT" or "the Company"), a blockchain
application technology developer and fintech service provider,
announced today that Nice Talent Asset Management Limited ("NTAM"),
its 90%-owned Hong Kong-based
asset management company, has become eligible to manage virtual
assets under certain conditions and the asset class is below 10% of
gross asset value of its portfolio. In order to engage in the
management of virtual assets, NTAM shall comply with the regulatory
requirements issued by the Securities and Futures Commission of
Hong Kong ("SFC"). Currently, NTAM
is exploring and analyzing the feasibility of managing virtual
assets but there has been no change in its investment mandate as of
the date of this announcement.
NTAM is licensed under the SFC to carry out regulated activities
in 'Type 4: Advising on Securities' and 'Type 9: Asset Management'
with eligibility in managing virtual assets based upon the recent
change of regulations in Hong Kong
to include virtual assets in asset management services, given
certain conditions are met. NTAM's current business partners
include major international banks and its clients are high net
worth customers. Hong Kong is
widely recognized as a leading asset management center in
Asia with a large concentration of
international fund managers.
NTAM's business focus is to work alongside its clients to
help them grow their wealth and achieve their investment goals.
NTAM believes that virtual assets can be an important holding in
risk-weighted investment portfolios as it has matured as an asset
class and represents an evolution in investment strategy. NTAM
specializes in aligning investment opportunities with its clients'
interests while offering tailored and flexible investment
strategies in every market environment, and NTAM believes that
virtual assets represent such an opportunity in today's investment
world.
Mr. Shanchun Huang, CEO of Future
FinTech, stated, "We are pleased that NTAM is exploring
opportunities that meet the needs of the investment community since
virtual assets are becoming an increasingly essential and
sophisticated asset class across a wide spectrum of investors. We
believe that this strategic asset will further bolster NTAM's
ability to offer investment opportunities and best-in-class asset
management and investment consulting services for institutional
investors and high net worth investors in Hong Kong."
About Future FinTech Group Inc.
Future FinTech Group Inc. is a blockchain application technology
developer and fintech service provider incorporated
in Florida. The Company's operations include a
blockchain-based online shopping mall platform, Chain Cloud Mall
("CCM"), supply chain financing services, and cryptocurrency
market data services. The Company is also engaged in the
development of blockchain based e-Commerce technology and
cryptocurrency mining, cryptocurrency investment management as well
as financial service technology businesses. For more information,
please visit http://www.ftft.com/.
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which any such statements otherwise are made.
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SOURCE Future FinTech Group Inc.