Recently, China Brilliant Global Limited (8026.HK) (CBG) voluntarily announced that its subsidiary Brillink Bank Corporation Limited ("Brillink") was granted by Astana Financial Services Authority (AFSA) in Kazakhstan Astana International Financial Centre (AIFC) for an official full banking licence. According to announcement made earlier, Brillink was granted an In-Principle Approval Letter (the "AIP Letter") on 4 December 2020 to be formed for a licence to carry on banking services. The issuance of official licence to Brillink has demonstrated regulator's confidence in Brillink's development of banking business.

Since last year, the "black swan" COVID-19 has swept the world and has made a huge impact on various countries. Hence, new trends have emerged. The penetration of digitization and intelligence has accelerated. As for financial sector, the development of digital banking is booming, which brings incredible business opportunities and becomes a new battlefield in the financial industry.

CBG combines the existing real economy business with the new digital bank to build a new scenario for the digital bank focus on supply chain. According to the company's previous announcement, the bank is expected to start trial operation in the second half of 2021, and may own the world's first digital bank focusing on supply chain finance.

In addition, the latest review result of Morgan Stanley Capital International (MSCI) shows that CBG has been included in the MSCI Hong Kong Micro Index in November 2020. Such relevant adjustment was made and be effective on 30 November 2020, after the market closed.

Statistics show that the MSCI Hong Kong Micro Index is constructed in a comprehensive and consistent manner and is one of the most widely used stock benchmarks used by institutional investors to measure the performance of investment portfolios. The index is currently covering thousands of stocks with good operating performance and potential from different regions and different market capitalizations. In other words, being included in the market benchmark index reflects the capital market's full confidence in CBG's development and prospects.

You can never imagine CBG's business development strategy before reading the news mentioned above. Now, how should we view the real investment value hidden behind it?

Obtained A Full Banking License to Create A New Imagination

First, let's sort out the basic situation of the proposed digital bank so that you can clarify its business positioning and audience.

According to an announcement made by CBG, it acquired the issued share capital of CBG Fintech Holdings Limited twice in 2020 through its wholly-owned subsidiary CFSG, and finally obtained 80% of the issued share capital of CBG Fintech Holdings Limited in order to expand its banking business.

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