CMB International Securities, a subsidiary of China Merchants Bank with assets valued at approximately $1.7 trillion, has launched regulated 24/7 cryptocurrency trading services in Hong Kong. The platform supports major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), marking a notable development as one of the world's largest banks embraces virtual asset markets in Asia. Separately, Hong Kong-based Ming Shing Group Holdings Limited, a publicly traded construction firm with a market capitalization of around $107 million, has announced plans to acquire 4,250 Bitcoin valued at approximately $483 million. The acquisition will be financed through convertible notes, and the announcement led to a brief 30% increase in Ming Shing's share price. These moves highlight growing institutional and corporate interest in cryptocurrency adoption within the Asian market.
JUST IN: Hong Kong’s Ming Shing to Buy $483 Million in Bitcoin via Notes
UPDATE🚨 HONG KONG’S MING SHING GROUP TO ACQUIRE 4,250 BITCOIN FOR $483 MILLION! ASIA’S CRYPTO SCENE IS EXPLODING! https://t.co/svaXFl1kjG
💥BREAKING: HONG KONG’S MING SHING GROUP PLANS TO BUY 4,250 #BITCOIN FOR $483 MILLION. ASIA IS BULLISH ON CRYPTO! https://t.co/ppytmOQRBJ