Hong Kong SFC lists "Sheng•Jiangxiang Yuanjiang Liquor RWA Token" as a suspicious investment product

TechFlow, on December 24, the Hong Kong Securities and Futures Commission announced that it has listed "VSFOLT" and "RWA tokens of VSFOLT" as suspicious investment products. These products allegedly represent physical assets of certain baijiu liquor and shares in a Hong Kong-listed company, with investors entitled to profit sharing upon maturity. The SFC warns investors to exercise extreme caution, as they may suffer significant or even total losses from such investments.