Hong Kong investment fund purchased one of the oldest Chinese cryptocurrency exchanges, BTCC. Many cryptocurrency exchanges moved to Hong Kong after their activities were banned in China, and BTCC is one of them.
The advisor of yet anonymous fund has already claimed that they are very excited ad happy to have made this purchase. The company now will be able to work freely and will focus on the main market directions: mining, wallet software and crypto-exchange.
Investors from china have moved to Hong Kong as well. They are not going to give up their investment options because of the ban, moreover, opening an official business in Hong Kong is very simple.