HK Stock Market Move | RUIHE DATA (03680) rises more than 8% against the market trend, officially entering the Web 3.0 and cryptocurrency asset field, focusing on digital asset services.

RUIHE DATA (03680) rose more than 8% against the market, up 8.67% to HK$1.63 as of press time, with a trading volume of HK$3.191 million. On the news front, on July 24th, RUIHE DATA announced that the Board of Directors has decided to officially enter the field of Web3.0 and cryptocurrency assets, while consolidating the Group's existing artificial intelligence and big data business. They have approved a budget of HK$80 million for the next two years to develop the Group's Web3.0 business and invest in cryptocurrency assets (cryptocurrency asset investment plan). This cryptocurrency asset investment plan marks the first step of the Group's foray into the field of Web3.0 and cryptocurrency assets. The announcement stated that the Group's cryptocurrency asset investment plan mainly involves investing in digital assets that comply with relevant applicable laws and regulatory standards (including those of the Hong Kong Securities and Futures Commission), such as digital currencies, cryptocurrencies, RWA real-world asset projects, and/or other related asset management products. The Group intends to cultivate and develop on-chain financial resources to accelerate the transformation and innovation of the company's traditional financial services to on-chain, occupying a favorable position in the development of the digital financial ecosystem. The Group plans to focus on the Greater China region to deploy digital asset services and participate in the construction of the underlying architecture for digital asset trading and asset management.