Exclusive Interview with Xinhui Technology CEO Weng Xiaoqi: Starting from Hong Kong, Building a Global Compliance Trading Cluster

At the Hong Kong Cyberport CVCF Forum, ME Group CEO Jessica interviewed the CEO of New Fire Technology, Weng Xiaoqi, nicknamed “Seven Master” in the industry. Since taking office in August, he has led the company to launch the Bitfire global brand and private banking-level digital concierge services, proposing to build a globally compliant virtual money exchange cluster centered around Bitfire (Hong Kong) and BitTrade (Japan), promoting the compliance and internationalization process of Web3 in Asia. Article author, source: 0xArthur, ME

ME CEO Jessica (left) with New Fire Technology CEO Weng Xiaoqi (right) Two months, two releases: Bitfire brand and private banking level services launched. “I was officially appointed as the CEO of New Fire Technology on August 26.” Weng Xiaoqi began, “On the first day of my tenure, we announced our new strategic phase, and on November 5, we officially launched the most distinctive private banking level digital concierge service in Hong Kong.” This service is aimed at high-net-worth individuals and institutional clients, providing a one-stop experience from “compliance account opening, fund inflow and outflow, digital asset allocation, trust management to coin investment.” Weng Xiaoqi described this as a “tailored service designed for financial institutions and professional investors,” emphasizing the importance of both compliance and efficiency. At the same time, New Fire Technology launched a brand new English brand, Bitfire, as the core banner of its global expansion. “Bitfire will carry our international strategy and become the main brand of New Fire Technology's global layout in the coming years,” he added. From Hong Kong to the World: A Globalization Strategy Driven by Dual Brands Jessica mentioned that in recent years, Hong Kong and several regions have successively introduced friendly Web3 policies, bringing new development opportunities for the crypto industry. Weng Xiaoqi pointed out: “The reason we invested heavily in purchasing a new domain name and launching the Bitfire brand is to comprehensively layout the global market.” He analyzed that the global cryptocurrency market is showing a “blooming in multiple places” pattern. “In addition to Hong Kong, we see that Europe's MiCA regulations, the Middle East, Japan, Southeast Asia, as well as emerging markets in South America and South Africa are all brewing their own distinctive regulatory systems.” New Fire Technology currently holds Financial Licenses No. 1, 4, and 9 in Hong Kong, and owns BitTrade, the fifth largest cryptocurrency exchange in Japan. Weng Xiaoqi stated: “This is a heavy model and a light model. We will use these two templates to flexibly deploy new exchanges and business collaborations in different regions.” He further pointed out that the global strategy will adopt a “heavy-medium-light” three-tiered framework: Heavy model: Directly operating with licenses in certain markets; Medium model: Jointly operating with local partners; Light model: Using Hong Kong private wealth as a model, providing specialized broker services, connecting local traders and investors. “In the next decade, we hope to build a brand new, cross-regional, and licensed compliance virtual money exchange cluster,” he said. Asia Dual Axis: The Synergistic Layout of Bitfire × BitTrade When discussing key markets for the future, Weng Xiaoqi emphasized: “Asia remains our most advantageous region.” New Fire will use Bitfire (Hong Kong) and BitTrade (Japan) as its dual core brands to simultaneously promote the implementation of products and services. Jessica added with a smile, “Bitfire and BitTrade, these two names everyone should remember - they are the two main pillars of New Fire Technology's Asian business, one representing a deep foundation of compliance and trading experience, while the other symbolizes innovation and high-end services.” In the coming year, New Fire Technology plans to establish a “middle platform system” that can support global operations, refining the liquidity and product core of its two major brands to form a quickly replicable global operation template. “We hope that in the next phase we will no longer reinvent the wheel, but rather establish an architecture that can be efficiently initiated.” In addition, New Fire will actively apply for regulatory licenses in emerging markets in multiple locations to expand its Compliance landscape. Conclusion: A ten-year blueprint, the global spark starting from Hong Kong. In just a few minutes of conversation, Weng Xiaoqi outlined the grand blueprint of New Fire Technology: from Hong Kong to Japan, from Asia to the world, promoting the balanced development of Compliance and innovation with the dual-axis architecture of Bitfire + BitTrade. “Our vision is to build a truly global and compliant virtual asset exchange ecosystem in ten years.” he concluded. As for Hong Kong, he views it as the starting point of the Web3 world: “This is our most important harbor and the origin of the new fire setting sail globally.”