TechFlow News, April 20: According to a report by Tencent News’ “First Line,” Fu Peng, former Chief Economist of Northeast Securities, has officially joined the Hong Kong-listed company Xinhuo Group (1611.HK) as its Chief Economist. Xinhuo Group has confirmed this appointment. Fu Peng stated that, following his move to Xinhuo Group, he will primarily focus on integrating FICC (Fixed Income, Currencies, and Commodities) with cryptocurrency business, leading macroeconomic research and providing institutional clients with investment strategy analysis.
Xinhuo Group was formerly known as Huobi Technology and has since transformed into a private banking–level digital asset custodial service provider. Li Lin, Huobi’s co-founder, is its sole largest shareholder, holding 29.82% of the shares. Fu Peng served as Chief Economist of Northeast Securities starting in 2020 and departed from the firm on April 30, 2025.
