HK Stock Market Move | CR Holdings (01911) rose more than 20% in the afternoon, with frequent changes in personnel. Qin Chuan has been promoted to Executive Director and General Manager.

CR HOLDINGS (01911) rose over 20% in the afternoon, reaching a high of 3.9 Hong Kong dollars, doubling from the low point of 1.82 Hong Kong dollars since the resumption of trading. As of the time of writing, it has risen by 13.27%, totaling 2604.41 million Hong Kong dollars. On the news front, Huaxing Capital announced that Mr. Qinchuan has been promoted to Chief Executive Officer. Mr. Qinchuan joined Huaxing as a "CR Baby" in 2015 and currently serves as the Managing Director of the Investment Banking Division, focusing on private equity and M&A transactions in areas such as AGI, cutting-edge technology, corporate services, and cross-border expansion. It is worth noting that Bao Fan resigned as Executive Director, Chairman of the Board, and CEO of Huaxing Capital on February 2, 2024, with Xie Yijing appointed as Chairman of the Board. On September 6, CR HOLDINGS announced that Bao Fan's wife, Xu Yanqing, has been appointed as a non-executive director of the company. Additionally, the four executive directors including Chairman of the Board Xie Yijing, Vice Chairman Lin Jiachang, and two Co-CEOs Wang Lixing and Du Yongbo, have also voiced their support for Xu Yanqing.