Hong Kong Securities and Futures Commission: Beware of suspicious investment products such as "FoFund", "Fo Coin", and "Peach Blossom Source NFT".

2025-07-29 11:50:05

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PANews, July 29 - The Hong Kong Securities and Futures Commission (SFC) announced a warning to the public to be cautious of suspicious investment products named “FoFund Duo Duo No. 1” and “FoFund Duo Duo No. 2”, “Fo Coin”, and “Peach Blossom Source NFT”. These products involve management strategies related to virtual asset investments, digital tokens, and non-fungible tokens related to artworks. These investment products have not been approved by the SFC for sale to the public in Hong Kong. The SFC has noted that the public can access information about these products through their related websites, social media accounts, and associated mobile applications. According to previous reports, Caixin stated that the Fofund fund wealth management products under Qian Fenglei have been suspended.

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