New Fire Group acquires Avenir Investment Team and Trading System, launches Hong Kong's first Bitcoin-backed compliant asset management service "Alpha BTC"

Golden Finance reports, April 23, Hong Kong — Today, Hong Kong-listed company Xinhuo Group (1611.HK, formerly known as Xinhuo Technology) held the Bitfire Day・2026 Hong Kong Digital Wealth Management Summit at the main stage of the Hong Kong Convention and Exhibition Centre. Xinhuo Group Executive Director and CEO Ong Xiaoqi attended and announced the implementation of two core strategies: strategic acquisition of Avenir’s investment trading team and complete trading system, simultaneously launching Hong Kong’s first Bitcoin-based compliant asset management service “Alpha BTC”. This layout marks a new step in Xinhuo Group’s asset management strategy, officially becoming the exclusive asset management platform capable of long-term BTC strategy execution for Li Lin’s family office, opening a new chapter in licensed digital asset private banking development.
Ong Xiaoqi disclosed at the meeting that since launching the “Private Banking-Level Digital Asset Steward Service” strategy in August 2025, the group has completed brand upgrading and business system restructuring, achieving leapfrog growth over the past eight months. As of April 2026, the number of clients increased to 476, a 30-fold growth; global asset management scale reached HKD 2.3B, a year-on-year increase of 115.29%.
Avenir Group, originating from Li Lin’s family office, has now developed into a comprehensive investment group, ranking among the industry leaders with the largest Bitcoin ETF holdings in Asia by the end of 2025. Through this strategic integration, Xinhuo Group has fully introduced Avenir’s core investment research team, a long-term verified risk control system, and a mature trading system, achieving multi-platform coordination and stable management of large funds. The related strategic capabilities have been officially incorporated into Xinhuo’s compliance system under Hong Kong Securities and Futures Commission licenses No. 1, 4, and 9, laying a solid foundation for the implementation of private banking-level products.
The highly anticipated “Alpha BTC,” developed by Avenir Group after nearly two years of live testing and deeply empowering Xinhuo Group, is the group’s first key asset management service launched around its private banking strategy. This service targets professional investors with digital asset investment experience and corresponding risk tolerance, holding large BTC and Bitcoin ETF positions, and plans to operate through a subsidiary licensed under Hong Kong Securities and Futures Commission License No. 9. “Alpha BTC” uses Bitcoin spot and IBIT as underlying assets, with a capacity reaching hundreds of millions of dollars, enabling clients to maintain 100% autonomous control and full custody of assets without changing underlying holdings or transferring ownership. Xinhuo only obtains trading authorization via API, relying on mature options portfolios and strict risk control to deliver high-quality, efficient, coin-based value appreciation, balancing compliance, security, and profitability.
Xinhuo Group Executive Director and CEO Ong Xiaoqi stated, “The launch of ‘Alpha BTC’ fills the market gap for compliant Bitcoin-based enhanced strategies in Hong Kong and is a key step in the group’s transformation from a comprehensive digital financial service provider to a licensed digital asset private bank. Relying on this strategic integration of top-tier asset management teams and professional trading systems, Xinhuo Group will build a compliant asset management system capable of handling hundreds of billions of dollars, continuing to lead Hong Kong and…