Group 1 - Several local Hong Kong brokerages, such as Victory Securities and Adept Securities, have completed the upgrade of License No. 1, indicating a growing trend in the market [1] - Guotai Junan International is not the only Chinese brokerage applying for a license, suggesting that more institutions may enter the market in the future [1] - The brokerages primarily engage in "distribution" type trading services rather than operating their own exchanges, focusing on mainstream compliant cryptocurrencies like BTC and ETH [1] Group 2 - These brokerages have established omnibus accounts within licensed exchanges to provide clients with trading channels for compliant cryptocurrencies, while avoiding high-risk altcoins or tokens [1] - Compliance requirements for customer due diligence (KYC), suitability management, and investor education among these brokerages are largely consistent with those of Guotai Junan International [1] - All mentioned brokerages prohibit mainland Chinese residents from participating in trading activities [1]
多家香港本地券商已完成第1号牌升级 未来或有更多机构入局