Hong Kong Securities and Futures Commission: Beware of suspicious investment products such as "Sheng" Maotai-flavor liquor (VSFOLT) / "Sheng" Maotai-flavor liquor RWA token.

Odaily Planet Daily reports that the Hong Kong Securities and Futures Commission (SFC) today announced that "VSFOLT" and "VSFOLT RWA tokens" have been listed as suspicious investment products. These products reportedly claim to represent certain physical assets of baijiu (Chinese liquor) and shares of a Hong Kong-listed company, with investors supposedly able to share profits upon maturity. The SFC reminds investors to exercise extreme caution, as they may suffer significant or even total losses in these investments.