CHINA PPT INV (00736) announced its decision to diversify its asset allocation and seize opportunities in the digital economy. The company plans to use its own funds to purchase and hold BNB (Binance Coin) and other suitable digital assets in the open market, adhering to relevant laws, regulations, and risk management protocols. These assets will serve as strategic reserves for the company.
The company expressed long-term optimism about the digital asset industry, particularly highlighting confidence in BNB's underlying ecosystem, technological development, and competitive positioning within the blockchain sector. The investment will be funded entirely from existing capital reserves, ensuring no disruption to daily operations. Purchases will be executed in phases based on market conditions and within authorized limits.
The board outlined the strategic benefits of incorporating digital assets into its reserves: 1. **Asset Diversification**: Digital assets, as an emerging class, exhibit low correlation with traditional financial assets, helping optimize the company’s portfolio and mitigate risks. 2. **Embracing the Digital Economy**: This move represents a forward-looking approach to blockchain technology and digital ecosystems, positioning the company to capitalize on future growth opportunities. 3. **Strategic Reserve Value**: The board recognizes the rapid expansion of the digital asset sector and the strong fundamentals of BNB’s ecosystem, including its technical infrastructure and application potential. Other targeted assets also demonstrate clear value propositions and long-term growth prospects, reinforcing the company’s asset base and enhancing sustainable value.