Puhui Prosperity Financial investment Administration to Grow International Advancement Pursuing Acquisition of Granville Fiscal Solutions Organization

BEIJING, China, Jan. 7, 2021/PRNewswire/ — Puhui Prosperity Expenditure Management Co., Ltd. (Nasdaq: PHCF) (“Puhui” or the “Enterprise”), a third-celebration wealth management provider provider with a concentrate on wealth administration expert services for high web truly worth (“HNW”) individuals and corporate clientele as very well as asset administration, right now announced the Enterprise will formally initiate an intercontinental development technique starting with growth in the Hong Kong sector. The Company’s aim is to optimize the positive aspects of keeping Hong Kong securities licenses that it obtained as section of the acquisition of Granville Financial Products and services Enterprise Ltd. (“Granville”), a registered Trade Participant of The Stock Exchange of Hong Kong Ltd..

Adhering to the closing of the Granville acquisition and during 2020, Puhui has centered on expanding its prosperity and asset administration expert services to include global locations as a enhance to its enterprise in mainland China. Puhui holds Sort 1 (Dealing in securities), Kind 2 (Dealing in futures contracts) and Style 9 (Asset administration) of controlled things to do licenses from the Securities and Futures Commission by way of Granville, and has positioned the Business to take advantage of a burgeoning Hong Kong securities industry on behalf of its trader clientele.

Mr. Zhe Ji, Chairman and CEO of Puhui, said, “About the very last yr, we have worked to placement Puhui to consider gain of the substantial advancement in prosperity management services in the Hong Kong current market. With the addition of securities licenses acquired in the Granville acquisition, we really feel that we can market our current merchandise portfolio to a wider consumer foundation even though also using edge of Hong Kong’s strategic importance and current market possibility. More than the upcoming year, Puhui anticipates having edge of more opportunities via immediate investments in potential IPOs on the Hong Kong funds market place on behalf of our clientele, which will add additional optionality for our financial commitment exposure to a differentiated industry.”

As the intercontinental economic heart and the earth major off-shore RMB enterprise heart, Hong Kong has a robust demand from customers in cross-border financial corporations and related funds current market products and services via its Shanghai-Hong Kong Inventory Link and Shenzhen-Hong Kong Inventory Hook up, as very well as Bond link. According to the stats of Hong Kong Exchanges (“HKEX”), as of November 30, 2020, 2,528 providers are shown, with 132 getting finished an IPO in 2020. The regular each day transaction valued 128.4 billion HKD (growing 46% compared to 88.2 billion HKD in the prior calendar year). The market place value is 45.7 trillion HKD (growing 28% compared to 35.7 billion HKD in the prior year) the common day-to-day potential transaction is 420,114 contracts, an raise of 8.2% compared to 388,295 contracts in October 2020.&#13

About Puhui Prosperity Expense Management Co., Ltd.
Headquartered in Beijing, China, Puhui was launched in 2013, which is a third-celebration wealth administration provider supplier focusing on promoting money products (which include non-public equity and other diversified products and solutions) to, and controlling money for, persons and corporate clientele in the PRC. On December 27, 2018, the Company’s ordinary shares had been listed and started investing stated on the Nasdaq Money Market place (Nasdaq: PHCF).

Supplemental information and facts about Puhui can be discovered at the Firm’s corporate web page: www.puhuiwealth.com.

Forward Wanting Statements
This information release contains “ahead-hunting statements” inside the this means of the “risk-free harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-on the lookout statements may well be identified by the use of words and phrases this sort of as “foresee”, “believe”, “assume”, “estimate”, “system”, “outlook”, and “task” and other comparable expressions that show long term events or traits or are not statements of historic matters. These statements are centered on our management’s present anticipations and beliefs, as nicely as a variety of assumptions concerning future occasions.

These types of forward-hunting statements are topic to identified and unfamiliar challenges, uncertainties, assumptions and other important elements, a lot of of which are outside the house of our manage and all of which could trigger actual results to vary materially from the outcomes reviewed in the forward-on the lookout statements. Appropriately, forward-searching statements should really not be relied upon as representing our sights as of any subsequent day, and we do not undertake any obligation to update forward-on the lookout statements to replicate activities or conditions soon after the day they have been manufactured, irrespective of whether as a result of new info, potential functions or otherwise, besides as may be necessary underneath applicable securities laws. Things that could induce real benefits to differ materially from those people expressed or implied in ahead-seeking statements can be observed in our stories submitted with the Securities and Exchange Commission, which are accessible, free of cost, on the SEC’s website at www.sec.gov.

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Supply Puhui Prosperity Investment Administration Co., Ltd.