Stock Track | YUNFENG FIN Soars 6.92% on Launch of Groundbreaking Carbon Trading Blockchain Initiative

Stock Track
Sep 01

YUNFENG FIN (00376) experienced a significant surge in its stock price, soaring 6.92% during intraday trading on Monday. The sharp increase comes as the company announced a major strategic move into the Web3 and carbon trading markets.

The rally is attributed to YUNFENG FIN's recent partnership with the Macau International Carbon Emission Trading Exchange (Macau Carbon Exchange) to launch the world's first "Carbon Trading Blockchain" initiative. This groundbreaking project, announced on August 29th, aims to fully integrate carbon credit asset trading data on-chain, establishing a new infrastructure for the global green asset market. The initiative represents a significant step for YUNFENG FIN and the Macau Carbon Exchange in the Web3 sector, demonstrating the company's commitment to building a trustworthy and efficient carbon market ecosystem.

Investors appear to be responding positively to YUNFENG FIN's strategic transformation towards Web3 and its involvement in the rapidly growing carbon trading market. The Macau Carbon Exchange, jointly invested by YUNFENG FIN and Yunfeng Fund, has already achieved impressive results, with cumulative trading exceeding 1 million tons of carbon credits and 200,000 green certificates. With clients including major enterprises like Brazilian forestry groups, Cathay Haitong Securities, and Mitsubishi Electric, the platform's success and YUNFENG FIN's pivotal role in its technological implementation suggest strong growth potential for the company in this emerging sector.

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