Core Viewpoint - The significant rise in the stock price of Guotai Junan International Holdings Limited (1788.HK) is attributed to the approval of its upgraded securities trading license, allowing it to provide virtual asset trading services, marking a new high since July 2015 [1][4]. Group 1: Company Developments - Guotai Junan International's stock price surged to HKD 3.7 per share, reflecting a 198.39% increase [1]. - The upgrade of the trading license enables clients to trade cryptocurrencies and stablecoins directly on the company's platform, enhancing its business scope [4]. - Guotai Junan International becomes the first Chinese broker in Hong Kong to offer comprehensive virtual asset trading services, including trading, advisory, and issuance of related products [4]. Group 2: Market Analysis - Analysts have positively evaluated the company's early entry into the virtual asset sector, with expectations of further upgrades among brokers with international business subsidiaries [4]. - The approval process for Guotai Junan International exceeded market expectations, indicating a proactive approach in the evolving regulatory landscape [4]. Group 3: Industry Context - Hong Kong's regulatory stance on virtual assets has shifted from cautious to open since 2022, with significant policy developments supporting the industry [5]. - The passage of the Stablecoin Bill in May 2025 reflects Hong Kong's commitment to advancing its virtual asset regulatory framework [5]. - Hong Kong is positioning itself as a global hub for virtual assets, leveraging its financial infrastructure and the advantages of the Guangdong-Hong Kong-Macao Greater Bay Area [5].
国泰君安国际股价飙升近200%，领跑香港中资券商加密货币交易新赛道