HONG KONG, Dec. 20, 2025 /PRNewswire/ -- The "Web5 Ecosystem: Pioneering the New Era of Global Wealth Management" Summit, co-hosted by Fosun Wealth International Holdings Limited ("Fosun Wealth Holdings") and Finloop Finance Technology Holding Limited ("Finloop"), and supported by Taikang Asset Management (Hong Kong) Company Limited ("Taikang Asset (Hong Kong)"), was successfully held in Hong Kong. At the summit, Finloop officially unveiled the upgraded version of its one-stop RWA (Real World Assets) technology, issuance and distribution platform — FinRWA Platform 2.0 ("FRP 2.0"), aimed at fostering a more open, integrated, compliant, and innovative financial ecosystem.
Implementing the Web5 Strategy to Promote Integration and Compliance
The summit gathered more than 200 industry leaders from Web3 infrastructure, fintech, and digital asset sectors, engaging in in-depth discussions on cutting-edge topics such as asset tokenization, regulatory compliance, and ecosystem collaboration. Mr. Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury of The Government of the Hong Kong Special Administrative Region, delivered a video address for the event. Mr. Duncan Chiu, Member of the Legislative Council of the HKSAR (Technology and Innovation Constituency), and Ms. Georgina Chu, Chief Corporate Development Officer of Hong Kong Cyberport Management Company Limited, attended and delivered speeches.
Mr. Cheng Kang, CEO of Fosun Wealth Holdings and Chairman of Finloop, stated in his opening remarks that in response to the HKSAR Government's "Policy Statement 2.0 on the Development of Digital Assets in Hong Kong" and the HKMA's "Fintech 2030" strategy (DART), Fosun Wealth Holdings and Finloop are actively driving digital transformation and sustainable development in the wealth management industry to build an open and collaborative Web5 ecosystem. As a global one-stop Web5 wealth management platform, Fosun Wealth Holdings possesses deep expertise in wealth management and digital asset services. Finloop, as a one-stop Web5 wealth-tech platform, has become the first platform in Hong Kong to support multi-currency tokenized fund distribution and has developed the technical solution for the city's first unit trust tokenized fund, achieving multiple industry breakthroughs in the RWA sector in Hong Kong and across Asia. "2026 will be a year of integration, breakthroughs, and ecosystem development. We look forward to witnessing more institutions and individuals bridging the digital divide and embracing the new paradigm of wealth management brought by Web5. Fosun Wealth Holdings and Finloop will continue to drive digital innovation by assisting traditional finance in accessing the emerging Web3 ecosystem, and partner with all sectors to propel the wealth management industry towards a more open, integrated, and compliant Web5 future."
FRP 2.0: Next-Generation Collaborative RWA Tokenization Platform
At the summit, Mr. Cai Hua, CEO of Finloop, introduced the upgraded FinRWA Platform 2.0 ("FRP 2.0"), the company's one-stop RWA technology, issuance, and distribution platform. Based on compliance, collaboration, and transparency, FRP 2.0 is committed to building a next-generation collaborative RWA tokenization platform that enables various institutions to achieve compliant issuance and reshape digital asset management processes. FRP 2.0 features a globalized, highly compatible distribution network. By integrating Web2's compliance frameworks with Web3's technological efficiency, it has connected licensed virtual asset exchanges in Hong Kong, traditional brokerages, and banking channels, supporting the distribution of multi-currency tokenized funds. Compared to the previous version, FRP 2.0 has achieved significant improvements in functionality, performance, and security.
The platform introduces Tokenization as a Service (TaaS), providing more transparent and compliant operational paths for the tokenization of financial assets, including public and private funds. Key highlights include:
- Cross-institutional collaboration: The platform supports issuers, custodians, token agents, and other institutions in jointly participating in lifecycle management of tokenization, achieving data interconnectivity.
- Granular permission system: Adhering to the principle of least privilege, administrators can select functional modules based on roles; the interface is designed with isolation features to prevent unauthorized operations.
- Flexible approval processes: Approval processes can be highly customized. All operations are fully traceable, supporting post-event audits and retrospection; the system automatically performs KYT (Know Your Transaction) compliance checks during business operations and provides real-time feedback to ensure business safety.
- Transparent asset management: Data is synchronized with the blockchain, allowing real-time viewing of token contracts, transaction hash, etc.; the platform supports historical price fluctuation analysis and dividend record, providing a reliable reference for asset valuation.
Mr. Cai Hua stated, "FRP 2.0 is dedicated to promoting ecosystem interconnectivity, breaking down data barriers between institutions, and helping build Hong Kong as a Web3.0 innovation hub, fostering a more open ecosystem for financial collaboration. We aim to leverage leading tokenization infrastructure to transform trillion-level real-world assets into on-chain digital opportunities."
In addition, Mr. Cai Hua introduced Finloop's cutting-edge breakthroughs in AI technology, covering key areas such as customer outreach, product due diligence, and investment research. For example, in the area of due diligence, Finloop's AI KYP Writer can generate financial due diligence and risk control reports with 99% accuracy in just one minute — tasks that initially took half a day — saving 80% in manpower costs and facilitating rapid product launches, driving continuous upgrades in wealth management models through technological innovation.
The summit also featured two panels, themed "Hong Kong's Web2 + Web3 Development Potential and Opportunities in 2026" and "Enabling Hong Kong's Web3.0 Development Through Compliant Web2 + Web3 Integration" respectively. Representatives from Bybit, Solana Foundation, FOMO Pay, Conflux, JunHe LLP, OSL, Taikang Asset (Hong Kong), and Matrixport joined to share insights on Web5 ecosystem innovation.
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About Fosun Wealth International Holdings Limited
Fosun Wealth International Holdings Limited, along with its subsidiaries (collectively referred to as "Fosun Wealth Holdings") is an AI-driven global one-stop Web5 wealth management platform wholly owned by Fosun International Limited (stock code: 656.HK) in Hong Kong. With its solid financial position, Fosun Wealth Holdings has obtained various licenses via its subsidiaries, including Type 1, 2, 4, 6, and 9 licenses issued by the Hong Kong Securities and Futures Commission (SFC), and an insurance brokerage license from the Hong Kong Insurance Authority. Amid the Web3 trend, Fosun Wealth Holdings actively explores the virtual asset business. Fosun International Securities Limited, a wholly-owned subsidiary of Fosun Wealth Holdings, obtained an upgrade to its SFC Type 1 license in June 2024. Fosun International Asset Management Limited, another wholly-owned subsidiary, has also obtained the upgrade of its SFC VA Type 4 and Type 9 licenses.
About Finloop Finance Technology Holding Limited
Finloop Finance Technology Holding Limited, along with its subsidiaries (collectively referred to as "Finloop"), is an AI-driven global one-stop Web5 (Web2+Web3) wealth technology platform incubated by Fosun Wealth Holdings that offers comprehensive wealth management products and technology solutions to various financial institutions. Its offerings include cash management, public funds and private funds, structured products, bonds, insurance, and virtual assets. As a fintech leader in Asia during the Web3 wave, Finloop has focused on bridging physical and digital assets, developing a one-stop RWA technology, issuance and distribution platform to pioneer new growth pathways in the wealth management industry.
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Finloop Launches Upgraded RWA Platform "FRP 2.0" to Build a Compliant and Innovative Financial Ecosystem
- Mass production began in 2017, with cumulative investment reaching approximately USD 1.9 billion and cumulative revenue reaching approximately USD 25 billion, helping strengthen Vietnam's industrial competitiveness
- A decade of growth alongside Vietnamese talent, helping cultivate Vietnam's high-tech manufacturing workforce
- Expanding from Optical Solutions to Semiconductor Substrates, Becoming LG Innotek's Largest Global Production Hub
- CEO Moon Hyuksoo: "We will strengthen our High Performance Portfolio with our Vietnam production subsidiary at the center and accelerate our transformation into a global solutions company."
HAI PHONG, Vietnam and SEOUL, South Korea, Oct. 5, 2026 /PRNewswire/ -- LG Innotek's production subsidiary in Hai Phong, Vietnam, has marked its 10th anniversary.
LG Innotek (CEO Moon Hyuksoo, 011070) announced on the 5th that its production subsidiary in Hai Phong, Vietnam, held a commemorative event at its local facility to mark the 10th anniversary of its establishment.
The event was attended by CEO Moon Hyuksoo and other executives of LG Innotek, as well as key officials from Hai Phong City, including the Hai Phong Party Secretary, mayor and deputy mayor of Hai Phong, and chairman of the Hai Phong Economic Zone Authority (HEZA).
Held under the theme "10 Years Built Together, Shaping the Future Together," the event was organized to reflect on the growth and achievements of LG Innotek's Vietnam production subsidiary over the past decade and reaffirm its commitment to becoming the largest production hub driving the company's future core businesses.
LG Innotek's Vietnam subsidiary was established in September 2016. Over the past 10 years, it has grown into a core production hub for the company's optical solutions camera module business through continuous investment, production capacity expansion, and local talent cultivation.
Currently, the Vietnam subsidiary recorded approximately USD 4.1 billion in revenue in 2025. As LG Innotek's largest overseas production subsidiary, it is contributing to the company's efforts to solidify its position as a global leader in materials and components while also contributing to the development of Vietnam's electronic components industry and the local economy.
- Mass production began in 2017, with cumulative investment having since reached approximately USD 1.9 billion and cumulative revenue reaching approximately USD 25 billion, helping strengthen Vietnam's industrial competitiveness
Since 2016, LG Innotek has been actively expanding its overseas production bases to diversify its global supply chain and establish a stable camera module supply system. After carefully comparing and evaluating several candidate locations, the company ultimately selected Hai Phong, Vietnam, as the location for its new optical solutions plant. This decision was based on Vietnam's high-quality workforce, flexible industrial environment, competitiveness of its special economic zones, and potential business synergy with nearby LG Group affiliates.
Immediately after the establishment of its subsidiary in 2016, LG Innotek began construction of a new factory. In particular, the company introduced northern Vietnam's first highly advanced cleanroom capable of ultra-precision manufacturing, elevating the manufacturing competitiveness of its production subsidiary to the global level. As a result, the company quickly obtained customer approval in September 2017 and began full-scale mass production of camera modules for new mobile models.
Since then, the Vietnam subsidiary has continued to expand its facilities and production capacity in response to growing global customer demand, evolving into a core production hub for LG Innotek's optical solutions business. In particular, by establishing stable supply capabilities based on a high-quality, high-efficiency production system, it has established itself as a key pillar of the global electronic components supply chain.
Since starting with a workforce of 800 employees, the Vietnam subsidiary has grown into LG Innotek's largest global production base, with a total floor area of 242,600 square meters and 6,500 employees. Over the past 10 years, cumulative investment has reached approximately USD 1.9 billion, and cumulative revenue has reached approximately USD 25 billion.
- A decade of growth alongside Vietnamese talent, helping cultivate Vietnam's high-tech manufacturing workforce
The passion and expertise of local employees have played a pivotal role in the growth of LG Innotek's Vietnam production subsidiary.
Over the past 10 years, LG Innotek has continuously invested in recruiting and developing local talent, alongside expanding its production capacity. The company has actively cultivated specialized personnel in core areas such as development, production technology, manufacturing, and quality control. Today, local employees account for 99 percent of the approximately 6,500 employees at its Vietnam subsidiary.
In particular, leadership in key organizations has been rapidly localized, with local leaders such as office managers and on-site supervisors taking the lead in organizational operations. Reflecting this, the proportion of local leaders in key positions has reached 87 percent.
In addition, LG Innotek has remained dedicated to cultivating talent in Vietnam's high-tech manufacturing sector by operating industry-academia collaboration initiatives, internships, practical training, and recruitment programs in partnership with local universities.
LG Innotek's Vietnam subsidiary has signed memorandums of understanding (MOUs) with major local universities, including Hanoi University of Science and Technology, Vietnam National University (Hanoi), and Da Nang University of Science and Technology. Through these partnerships, the company is actively investing in the development of talent who will lead future high-tech industries by offering various recruitment-linked programs, including contract degree programs, internships, and career guidance.
- Expanding from Optical Solutions to Semiconductor Substrates, Becoming LG Innotek's Largest Global Production Hub
Leveraging the manufacturing competitiveness it has accumulated over the past decade and Vietnam's skilled local workforce, LG Innotek plans to actively expand its Vietnam production subsidiary into a global manufacturing hub that drives the company's core businesses.
Currently, the Vietnam subsidiary serves as a leading global production hub for LG Innotek's optical solutions business, supporting supply to the global market. LG Innotek intends to continuously strengthen its local R&D capabilities in an effort to simultaneously enhance both production and technological competitiveness, all while expanding its role as a strategic production base for future growth businesses.
Furthermore, LG Innotek is developing its semiconductor substrate business as a core future growth engine, leveraging the high-density, ultra-precision substrate technology it has accumulated over the past 50 years. In particular, the company is strengthening its business competitiveness by focusing on high-value-added semiconductor substrates, including FC-CSP, FC-BGA, and RF-SiP, and aims to grow its package solutions business into a business generating USD 740 million in operating profit by 2031.
To this end, LG Innotek selected Hai Phong, Vietnam, as a hub for expanding semiconductor substrate production last June and began construction of a new factory. The initial investment is approximately USD 1 billion, and the facility is scheduled for completion in May 2027. The company also plans to continue expanding investments to strengthen production capacity in line with market demand and business growth. The new factory will produce high-value semiconductor substrates, including FC-CSP, FC-BGA, and RF-SiP.
In particular, Korean production lines are operating near full capacity due to an increase in new orders for semiconductor substrates from global customers, driven by the recent boom in the semiconductor market. LG Innotek plans to use the new factory in Vietnam as a springboard to expand its production capacity, proactively meet demand from its domestic and international customers, and further strengthen its global business competitiveness.
Moving forward, LG Innotek will expand its Vietnam production subsidiary into a global hub for cutting-edge electronic components, encompassing both optical solutions and semiconductor substrates, through close cooperation with Hai Phong City.
Hai Phong Deputy Mayor Le Trung Kien said, "LG Innotek has been operating in Hai Phong for the past 10 years and has contributed significantly to the region's industrial development and economic growth," adding, "In particular, we highly commend the company for providing new growth momentum for Hai Phong by developing high-tech manufacturing and creating quality jobs." He continued, "On behalf of Hai Phong City, I would like to express my deep gratitude to LG Group and all LG Innotek executives and employees."
CEO Moon Hyuksoo remarked, "The growth of our Vietnam production subsidiary into a core production base for LG Innotek was made possible by the trust and support of the Vietnamese government, Hai Phong City, our customers, and all our employees." He continued, "Going forward, we will further strengthen our competitiveness in future growth businesses, including optical solutions and semiconductor substrates, centered on our Vietnam subsidiary, and further accelerate our transformation into a solutions company driven by our High Performance Portfolio."
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LG Innotek's Vietnam Production Subsidiary Marks Its 10th Anniversary, Emerges as LG Innotek's Largest Global Manufacturing Hub
LG Innotek's Vietnam Production Subsidiary Marks Its 10th Anniversary, Emerges as LG Innotek's Largest Global Manufacturing Hub
