According to Caixin, Bao Fan, the founder of Huaxing Capital, has recently reappeared after being taken away by relevant authorities in February 2023, suspected to have gained his freedom. Huaxing Capital plans to expand its licenses No. 1, 4, and 9 from the Hong Kong Securities and Futures Commission to digital asset business this year, and increase its investment in infrastructure such as Web3 and RWA.

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