Mainland China's RWA Business in Hong Kong Faces Sharp Decline

2025-12-11 19:27

Mainland Chinese companies' Real World Asset (RWA) business activities in Hong Kong have significantly cooled, with consulting inquiries dropping by over 90% in the past two months. Many projects that were in progress have been put on hold. This downturn has also impacted the stock prices of companies associated with the RWA concept, such as Langxin Group and GCL Energy Technology, which have seen their shares halve from recent highs.

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