PANews reported on August 28 that according to an announcement from the Hong Kong Stock Exchange, Shuntai Holdings (01335.HK) announced that it will expand its cryptocurrency business and plans to allocate approximately HK$70 million from internal financial resources for cryptocurrency transactions.

The company has established a dedicated team to manage its virtual asset business, primarily investing in cryptocurrencies with at least five years of history and good liquidity, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Filecoin (FIL). To mitigate risk, the company has established strict internal controls, including a limit of no more than 10% of the unused budget per transaction, a stop-loss threshold of no more than 20% of the purchase price, and a minimum of 5% of the portfolio in stablecoins.