Guotai Junan International's "Feast Under the Wind", can Bitcoin trading really make you rich?
Guotai Junan International has boldly announced its entry into the virtual asset trading market, primarily promoting Bitcoin and Ethereum trading services.
The promotional language is eye-catching: "Breaking the Deadlock in the Virtual Asset Market", "The Trading Feast Begins", presenting an excited posture of sharing the cake.
Key Point: Virtual currency business within China = Illegal financial activity!
Personal Opinion
1. Ironic "Breaking the Deadlock":
On one hand, the mainland has rigorously cracked down on virtual currencies for ten years, while on the other hand, its Hong Kong subsidiary proudly raises the banner of "Trading Feast". This operation resembles handing out flyers for a casino right in front of a police station—betting on the fact that mainlanders can't access Hong Kong easily!
2. Dangerous "Gray Area Temptation":
Brokerage firms use the "Guotai" brand to attract mainland investors, but in reality, they are engaging in regulatory arbitrage:
Hong Kong is legal: licensed institutions can serve professional retail investors
Mainland prohibits: 99% of retail investors do not meet the qualifications, merely watching advertisements in disbelief.
The essence is using compliance as bait, fishing for ordinary people's FOMO emotions!
3. Barefaced Logic of Exploitation:
Institutions earn transaction fees, exchanges earn listing fees, and media earn traffic fees.
Only retail investors rush in with real money—who ends up being the main course at the feast?
The Harsh Reality
The policy pressure remains: mainland users bypassing the firewall to participate in Hong Kong stock virtual trading, capital outflow suspected of violating foreign exchange controls.
The risk of a crash has not been eliminated: BTC has dropped from 73,000 to 58,000 this year; institutions never mention this when promoting.
Hong Kong is not a safe haven: The JPEX scam wiped out 1.7 billion, and all the names outside the Hong Kong Securities and Futures Commission's list are "wild dog schemes".
Conclusion
When state-owned brokerages wave the flag of "Trading Feast", ordinary people should not think about how to rush in, but rather count whether they have 8 million Hong Kong dollars for the admission ticket, and check if their neck is strong enough to bear the scythe.
Remember: All the champagne of financial revelry is opened with a corkscrew inserted into the roots of the chives!
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