PANews reported on December 16 that according to Hong Kong Stock Connect, Kingkey Financial International (01468), a Hong Kong-listed company, announced the establishment of an investment committee, which will take effect from December 15, 2024. The establishment of the investment committee aims to improve operational efficiency and strengthen investment decision-making and risk management processes, especially considering the group's strategic focus on cryptocurrencies and related technologies.
The Investment Committee will be responsible for reviewing appropriate transactions involving virtual assets (crypto assets), investment strategies and the management of such assets, and providing recommendations to the Board. In addition, the Investment Committee will evaluate, approve and make recommendations on various investment opportunities proposed by the Group's management team. In addition, the Board may periodically appoint professional investment and/or financial advisors with relevant expertise to assist the Investment Committee in effectively performing its duties.
