China’s insurance giant teams with Swiss crypto bank

As an experienced financial analyst, I view this collaboration between CPIC and AMINA as a pivotal move in the evolving landscape of the crypto sector. With China Pacific Insurance Group’s second-largest position in the Chinese property insurance market and its Hong Kong-based investment management arm (CPICIMHK) expanding into crypto, it signifies a growing acceptance and recognition of digital assets by traditional financial institutions.

As a crypto investor, I would express it this way: I’m excited to learn that China’s state-owned insurance behemoth, China Pacific Insurance (CPIC), is teaming up with digital asset bank Amina. This collaboration will bring me investment advice and banking services tailored to the crypto market.

CPIC Investment Management Hong Kong (CPICIMHK), a subsidiary of China Pacific Insurance Group, the second-largest property insurer in China based in Hong Kong, is collaborating with Swiss cryptocurrency bank AMINA Group (previously known as SEBA Bank) to broaden its knowledge in the crypto industry for the Asia Pacific market.

In their press release on Wednesday, AMINA announced that they will be partnering with CPICIMHK. This partnership will allow CPICIMHK to offer investment advice and banking services to the Pacific Waterdrip Digital Asset Funds as a cohesive package.

“Through this collaboration, CPICIMHK demonstrates its dedication to advancing and broadening financial services, following its authorization from the Securities and Futures Commission of Hong Kong to provide distribution and consultative services concerning virtual asset investment products.”


As an analyst, I’d rephrase it this way: I analyze investment opportunities in the digital asset sector. The Pacific Waterdrip Digital Asset Fund I that I manage is specifically geared towards early-stage blockchain startups, aiming to support their growth and development through capital infusion. On the other hand, Pacific Waterdrip Digital Asset Fund II caters to investors looking for engagement with energy-efficient and secure proof-of-stake tokens.

As a crypto investor, I’d put it this way: The CEO of CPICIMHK, Chenggang Zhou, announced that our Hong Kong-based firm will provide guidance on potential investment opportunities in the crypto market. Simultaneously, AMINA will take care of the practical aspects, such as enabling deposits and withdrawals, handling trading, and ensuring secure custody of digital assets.

In the second quarter of 2023, CPICIMHK made its entrance into the cryptocurrency market through a collaboration with Waterdrip Capital to introduce crypto investment funds. However, it’s yet to be determined if CPICIMHK continues working with Waterdrip following their recently established alliance with AMINA Group.

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2024-07-10 10:58