Fu Peng Joins Hong Kong–Listed Xinhuo Group as Chief Economist

According to a report by Tencent News’ “Frontline” column, 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 businesses, leading macroeconomic research and providing investment strategy analysis for institutional clients. 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 shares. Fu Peng served as Chief Economist at Northeast Securities starting in 2020 and departed from the firm on April 30, 2025.