一张牌照，股价翻倍

Core Viewpoint - Guotai Junan International has received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities license to provide comprehensive virtual asset trading services, marking it as the first Chinese broker in Hong Kong to achieve this milestone [1][2]. Group 1: Company Developments - Guotai Junan International will enable its clients to trade major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as stablecoins like Tether (USDT) directly through its platform [2]. - Following the announcement, Guotai Junan International's stock price surged over 80% at the market open, with intraday gains exceeding 100%, indicating strong market confidence in this strategic advancement [2][5]. - The company has been progressively building its virtual asset service ecosystem, having launched a virtual asset spot ETF-based structured product in 2024 and received regulatory approval for various virtual asset-related services [4][5]. Group 2: Industry Context - Hong Kong is actively positioning itself as a global hub for virtual assets, having shifted from a cautious regulatory stance to a more encouraging approach since 2022, with initiatives such as the issuance of the first government-backed tokenized green bond and the approval of the first virtual asset spot ETFs in Asia [6]. - Traditional financial institutions are increasingly entering the virtual asset space, integrating their services with traditional securities accounts and forming strategic alliances with licensed virtual asset exchanges [7]. - The demand for investment banking services in the virtual asset sector is growing, with companies seeking to go public and traditional brokers playing a crucial role in facilitating IPOs and M&A activities within the industry [8].