According to PANews, Ant Wealth Holdings’ acquisition of Yao Cai Securities Finance was completed on April 29. The company stated it will accelerate digital transformation while ensuring stable operations in compliance with regulations in mainland China and Hong Kong.
Yao Cai Securities clarified market rumors, stating it primarily serves Hong Kong-based clients and will not expand brokerage services to mainland China-based customers. The company also confirmed it has no plans to venture into tokenized assets or Web3-related businesses.
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