Yunfeng Financial, indirectly held by Jack Ma, has been added to the Shanghai and Shenzhen Connect programs.

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Yunfeng Financial, indirectly owned by Jack Ma, was added to the Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect lists on September 7, 2026. This move enhances liquidity and improves mainland investors’ access to crypto markets. The firm previously purchased 10,000 ETH for $44 million and plans to expand its digital asset holdings. The inclusion aligns with broader China financial sector efforts to comply with Countering the Financing of Terrorism (CFT) regulations.

ME News reports that on September 7 (UTC+8), Yunfeng Financial, in which Jack Ma holds an indirect stake, announced it has been added to the list of eligible securities under the Stock Connect programs for Hong Kong stocks, effective September 7, 2026. Following this inclusion, qualified mainland investors will be able to buy and sell the company’s shares listed on the Hong Kong Stock Exchange through domestic securities firms via the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs, providing a more convenient channel for mainland investors to invest in Yunfeng Financial’s shares. Previously, Yunfeng Financial disclosed that it had accumulated a total of 10,000 ETH on the open market, with a total investment cost (including fees and expenses) of $44 million, funded from the company’s internal cash reserves. The purchased ETH are classified as investment assets on the company’s financial statements. Yunfeng Financial also stated that, in addition to Ethereum, it plans to explore incorporating other mainstream digital assets such as Bitcoin (BTC) and Solana (SOL) into its strategic reserve assets. (Source: PANews)

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