Overview

• Bloomberg reporting says the Hong Kong‑listed bank is pursuing a public investment vehicle centered on Binance’s BNB token.
• YZi Labs is expected to participate, and the two parties are reportedly providing about $200 million in seed capital.
• The effort builds on an August filing that outlined an initial $100 million plan to acquire BNB following Bao Fan’s return to China Renaissance.
• Coverage portrays the initiative as a bridge between traditional finance and the BNB ecosystem, targeting structured exposure to an exchange‑linked asset.
• If completed at the reported scale, the vehicle would rank among the largest single‑asset crypto fund launches since 2022, according to the reports.