China Renaissance Capital Holdings announced that it has signed a strategic memorandum of understanding (MOU) with YZi Labs, establishing a strategic partnership framework to support the application of the Binance Coin (BNB) and BNB Chain ecosystems and foster a mutually empowering partnership. According to the MOU, the company plans to invest approximately $100 million in a dedicated allocation of BNB assets. The company will also collaborate with China Asset Management (Hong Kong) and other ecosystem partners to jointly develop fund-based products and Web3-related developments, and promote the listing of BNB on licensed and compliant virtual asset exchanges in Hong Kong. Furthermore, with the collaboration and support of YZi Labs, the company will establish a RWA fund with a target size of several hundred million US dollars and encourage Hong Kong-listed companies to adopt the BNB public chain in stablecoin and RWA-related application scenarios.