Chow Tai Fook's Co-CEO: The board has no plans to develop digital currencies or stablecoins; the Shanghai Cooperation Organization development is Zheng Zhigang's private investment

ChainCatcher news, according to Aastocks, the former CEO of New World Development, Zheng Zhigang, who resigned last September, recently announced the establishment of a new company "Shanghe Development" aimed at expanding into the digital and virtual asset fields. Zheng Zhiming, the Executive Director and Co-CEO of Chow Tai Fook, and Zheng Zhigang's younger brother, stated after the performance summary press conference that "Shanghe Development is Zheng Zhigang's private investment," and clarified that the Chow Tai Fook board has no plans to develop digital currencies or stablecoins.