ATIF Holdings Limited Launches Asset Management As Main Business, Achieves Rates Of Return of 64.77% On Securities Investments In 2020
The Group's asset management team has launched its initial venture into equity investments in January 2021 and has brought ideal results to the Group. The asset management team has adopted a unique "liquidity + volatility" short-term trading strategy, focusing on U.S. Chinese-listed American Depositary Receipts (ADRs) and large-cap quality U.S. stocks, with holding periods ranging from a few hours to a few days. This investment strategy is designed to provide investors with daily liquidity and is an ideal platform for liquidity management. According to Report of Performance Review issued by
After obtaining the qualification of the asset management, the Group plans to establish a private fund to provide equity investments and investment advisory services in the
Mr. Pishan Chi, Chief Executive Officer and Director of
Headquartered in Los Angeles, California, ATIF Holdings Limited ("
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantee of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to continue to operate through our VIE structure; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; and other factors listed in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release.
View original content:http://www.prnewswire.com/news-releases/atif-holdings-limited-launches-asset-management-as-main-business-achieves-rates-of-return-of-64-77-on-securities-investments-in-2020--301201893.html
Anna Huang, +86-139-2726-7157, firstname.lastname@example.org