EXHIBIT 8.1

Significant Subsidiaries of the Registrant
Subsidiary	Place of Incorporation
Lion Financial Group Limited	British Virgin Islands
Lion Wealth Management Limited	British Virgin Islands
Lion International Securities Group Limited	Hong Kong
Lion Futures Limited	Hong Kong
Lion Foreign Exchange Limited	Hong Kong
Lion Asset Management Limited	Hong Kong
BC Wealth Management Limited	Hong Kong
Lion Wealth Limited	Hong Kong
Lion Brokers Limited	Cayman Islands
Lion Investment Fund SPC	Cayman Islands
Lion International Financial (Singapore) Pte LTD	Singapore
Lion Group North America Corp.	Nevada, USA