Future FinTech is a financial and digital technology vendor that was founded in 1998 and has its headquarters in New York. Its businesses include supply chain financial services, asset management, and blockchain-based e-commerce.

The business is also creating digital banking services and cross-border remittances, according to its LinkedIn page.

In addition to being appointed to the board, Li's responsibilities include managing the company's foreign growth, finance and investment operations, and advancing the company's "continued strategic transformation and development."

Shanchun Huang, who left as CEO "for personal reasons, and not because of any disagreement with the company, its management, or its directors," will hand off the reins to the new CEO.

Li started off as the corporate secretary for Future FinTech more than five years ago. He has been the CEO and director of the company's wholly-owned subsidiary, FTFT International Securities and Futures Limited, since January 2024.

The chairman of Future FinTech's board, Foyou Li, commented on the company's most recent hire, saying that Li has "played an important role as the company transitioned into a fintech company with a diversified portfolio of financial services businesses."

"Li has accumulated rich management experience and deep knowledge of our new business during the past five years with the company," he continues.

Li is the most recent in a string of CEO hires in August that also includes Shawn Stone's employment at LendingPoint and Johan Nord's advancement at Estonian startup Montonio.