Core Viewpoint - Guotai Junan International has upgraded its virtual asset license, becoming the first Chinese broker in Hong Kong to offer comprehensive virtual asset trading services, resulting in a stock price surge of over 100% during trading [2][5]. Company Summary - Guotai Junan International has received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to include virtual asset trading services, making it the first Chinese broker in Hong Kong to obtain such a license [4][5]. - The upgraded services will allow clients to trade cryptocurrencies (such as Bitcoin and Ethereum) and stablecoins (like Tether) directly on the Guotai Junan International platform [4]. - The service offerings cover three core areas: execution services for virtual asset trading, advisory services during virtual asset trading, and issuance and distribution of virtual asset-related products, including over-the-counter derivatives [4][5]. Industry Summary - Guotai Junan International began its foray into the Hong Kong virtual asset market in 2024, with various approvals for virtual asset-related products and services obtained throughout the year [4]. - The company plans to continue exploring the integration of financial technology with virtual asset services, aiming to enhance its product and service capabilities and contribute to establishing Hong Kong as a vibrant international virtual asset hub [5].
首家!大涨!
Zhong Guo Ji Jin Bao·2025-06-25 03:15