BlockBeats News, September 11th, according to market information, Yunfeng Financial opened high today and saw a sharp rise in its stock price, up over 21%, currently trading at 6.57 Hong Kong dollars. According to Aastocks, Yunfeng Financial saw large-scale buy orders this morning with a trading volume of 858,000 shares, a transaction price of 6 Hong Kong dollars, involving 5.148 million Hong Kong dollars.
Previously reported, on September 9th, Yunfeng Financial announced that its wholly-owned securities subsidiary, Yunfeng Securities Limited, has officially obtained approval from the Securities and Futures Commission of Hong Kong (SFC). Its existing securities trading license (Type 1) will be upgraded to provide virtual asset trading services. According to publicly available information, Alibaba's founder Jack Ma indirectly holds approximately 11.15% of Yunfeng Financial's shares through Yunfeng Fund.