According to an announcement from the Hong Kong Stock Exchange, Sinolink Holdings Limited (1168.HK) announced a strategic shift in focus to fintech-related sectors, with a focus on crypto assets, real-world assets (RWA), Web 3, and stablecoins. To better reflect its business positioning, the company plans to change its English name from "SINOLINK WORLDWIDE HOLDINGS LIMITED" to "Z Fin Limited." Following the name change, the company will no longer use the Chinese name "Best-Star Holdings Limited" for identification purposes.
Best Buy noted that it has already made strategic investments in ZhongAn Online Property & Casualty Insurance (6060.HK) and its joint venture, ZhongAn Technology (International) Group Co., Ltd. (ZA Global). Notably, ZA Global wholly owns ZA Bank, Hong Kong's largest digital bank. ZA Bank is the first Hong Kong bank to offer dedicated reserve banking services to stablecoin issuers and has also invested in RD Technologies, a participant in the HKMA's "Stablecoin Sandbox."
