SFC

Hang Feng Technology Innovation (NASDAQ: FOFO) announced that its subsidiary Hang Feng International Asset Management obtained SFC approval to upgrade its Type 4 and Type 9 licences, enabling it to provide virtual‑asset advisory and portfolio‑management services to professional investors. The upgrade permits advice on crypto assets and managing portfolios with over 10% virtual‑asset exposure, supporting Hang Feng’s digital‑asset strategy and targeting institutional demand in Hong Kong’s regulated market. The firm expects virtual‑asset services to contribute up to 15% of revenue by 2027.