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1h 53m ago

China Evergrande to Buy BNB on the Open Market as Part of Strategic Digital Asset Reserves

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COINOTAG News reports that China Evergrande Group (736 HK) has advanced an asset allocation plan. The board intends to deploy the company’s own funds to acquire and hold BNB and other eligible digital assets on the open market as part of its strategic reserve assets, subject to regulatory compliance and robust risk controls.

Under this framework, the move seeks balance-sheet diversification while preserving governance discipline and liquidity management. The initiative signals a measured approach to treasury management and crypto asset risk with emphasis on compliance, due diligence, and ongoing monitoring of market developments to support credibility and sustainability.

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