HK Stock Market Move | Fosun International's stock (00656) rose over 3% again. Its subsidiary, Xinglu Technology, announced the launch of the Web5 strategic deployment and released the RWA platform "FRP."

FOSUN INTL (00656) rose by over 3%, as of the time of writing, it increased by 3.38% to 5.5 Hong Kong dollars, with a turnover of 28.2049 million Hong Kong dollars. On the news front, according to a message from Xinglu Technology's official WeChat account, on July 23, at the "XingluTowards the Future 2025: Web3 Strategic Upgrade and RWA Product Platform Launch Summit" held at Hong Kong Cyberport, Xinglu Technology, a global one-stop Web5 wealth technology platform independently incubated by Fosun's subsidiary Fosun Wealth Holdings, announced the official launch of its Web5 strategic deployment and released its global-leading one-stop RWA technology, issuance, and distribution platform - FinRWA Platform (referred to as "FRP"). Mr. Cheng Kang, Executive Chairman of Fosun Wealth Holdings and Chairman of Xinglu Technology, stated that with the digital financial transformation, Xinglu Technology's strategic concept can be condensed into the innovative equation of Web2 + Web3 = Web5. As introduced, as the first outcome of this strategic implementation, Xinglu Technology, in collaboration with Fosun Wealth Holdings and Huaxia Fund (Hong Kong), has jointly launched the most comprehensive series of tokenized currency funds on the "Xingcaifu" app under Fosun Wealth Holdings - including Huaxia Hong Kong Dollar Digital Currency Fund, Huaxia Renminbi Digital Currency Fund, and Huaxia US Dollar Digital Currency Fund. Xinglu Technology serves as the important distributor and distributor of these three tokenized funds, and Fosun Wealth Holdings has become the first technology securities firm in Hong Kong to successfully launch these three tokenized funds simultaneously.