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

The Hong Kong Securities and Futures Commission has issued a statement warning the public to beware of suspicious investment products such as "FoFund Duo Duo 1" and "FoFund Duo Duo 2", "Fo Coin" and "Peach Blossom Spring NFT". These products involve management strategies related to virtual asset investment, digital tokens, and non-homogeneous tokens related to painting. These investment products have not been recognized by the Securities and Futures Commission for sale to the Hong Kong public. The Securities and Futures Commission has noted that the Hong Kong public can access information about these products through their relevant websites, social media accounts, and related mobile applications. Previously, Caixin reported that Qian Fenglei's Fofund wealth management product has been shut down.