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BTC $76,179.67 +2.08%
ETH $2,369.98 +1.25%
BNB $635.87 +2.32%
XRP $1.46 +3.17%
SOL $88.84 +4.07%
TRX $0.3241 -0.74%
DOGE $0.1000 +3.53%
ADA $0.2604 +4.03%
BCH $451.82 +2.76%
LINK $9.61 +3.12%
HYPE $44.11 -2.09%
AAVE $116.71 +9.27%
SUI $1.00 +3.21%
XLM $0.1706 +5.59%
ZEC $340.54 -0.95%

jing

Caixin discloses Chen Zhijing's domestic assets: holds shares in two listed companies and has stakes in several financial companies

Caixin reported details of Chen Zhi's assets within China, stating that he holds a 17.78% stake in Xiamen Jueshi Wushen Interactive Technology Co., Ltd., a company primarily engaged in mobile game development. He also holds a 70% stake in Chongqing Qusu Wuxian Equity Investment Fund Management Co., Ltd., which has invested in several interactive entertainment technology companies. Chen Zhi was also the controlling shareholder of Jiangmen Dacheng Medical Equipment Co., Ltd., which operates in the medical device sector, with a shareholding ratio exceeding 56%.In addition, Chen Zhi is the controlling shareholder of two listed companies in Hong Kong, and he has several insurance brokerage firms, securities companies, wealth management companies, and shell companies with unclear business activities. In December 2018, Chen Zhi took control of Zhihua Da, directly serving as the chairman and executive director after acquiring a 54.79% stake, until resigning from all positions in July 2025. In 2023, Chen Zhi took over all shares sold by the original major shareholder of Kun Group, gaining a 55% absolute controlling stake, but did not assume the role of executive director. Currently, these two listed companies have not suspended trading and have stated that the sanctions will not have any significant adverse impact on the group's business operations.

Beijing Business Today: The People's Bank of China defines stablecoins for the first time, industry analysis suggests it will not affect Hong Kong's stablecoin-related布局

Beijing Business Today published an article titled "Speculative Trading on the Rise, People's Bank of China Strikes Again at Virtual Currencies and Defines Stablecoins for the First Time," which points out: The People's Bank of China recently held a coordination meeting to combat speculative trading in virtual currencies, where financial regulatory authorities defined stablecoins for the first time, clarifying that stablecoins are a form of virtual currency that currently cannot effectively meet requirements for customer identity verification, anti-money laundering, and other aspects. There is a risk of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers, and it reiterated the need to continue combating illegal financial activities related to virtual currencies.However, industry insiders believe that this meeting will not affect the relevant layout of stablecoins in Hong Kong, but speculation on stablecoins in the mainland will be severely cracked down on. As a result, the subsequent layout of stablecoins by relevant entities within the mainland in Hong Kong will have its imaginative space significantly reduced, more limited to practical application scenarios such as cross-border payments and supply chain finance.

Beijing Business Today: The chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu

Beijing Business Daily Financial Investigation Team published an article titled "The Surge of Cryptocurrency Speculators into Social Platforms," which points out that the chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu. What appears to be lifestyle sharing, newcomer benefits, or product links is, in fact, a diversion for cryptocurrency speculation, brewing a carefully woven hunting trap for ordinary people. From the perspective of diversion methods, it can be roughly divided into several situations, such as creating topics to build IP and setting up advertising links on platforms. Industry insiders believe that a "counter-hunting" battle against the chaos of cryptocurrency speculation has also begun, but to completely end this game, a joint effort from regulators, platforms, and users is needed.Not long ago, Pan Gongsheng, the governor of the People's Bank of China, publicly stated that efforts to crack down on the operation and speculation of virtual currencies within the country would continue. Since 2017, the People's Bank of China, together with relevant departments, has issued multiple policy documents to prevent and address the risks of domestic virtual currency trading and speculation, and these policy documents remain effective. In the next step, the People's Bank of China will continue to work with law enforcement agencies to combat the operation and speculation of virtual currencies within the country, maintain economic and financial order, and closely monitor and dynamically assess the development of overseas stablecoin values.
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