On June 24, Cathay Financial Holdings Group's subsidiary, Guotai Junan International Holdings Limited, officially received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services and to offer advice based on the provision of virtual asset trading services.
After the license upgrade, customers will be able to directly trade cryptocurrencies (such as Bitcoin, Ethereum, etc.), stablecoins (such as Tether, etc.), and other virtual assets on the Guotai Junan International platform.
Thus, Guotai Junan International has become the first Hong Kong-based Chinese brokerage to provide comprehensive virtual asset-related trading services, covering the provision of virtual asset trading services, offering advice during the virtual asset trading service process, as well as issuing and distributing virtual asset-related products, including over-the-counter derivatives.
This milestone event is rooted in Hong Kong's strategic background of actively building a global virtual asset hub. Relevant research indicates that in the face of the booming virtual asset industry, traditional financial institutions are actively entering this emerging value chain with unprecedented breadth and depth, spanning brokerage business, equity investment, trading and investment services, investment banking, asset management, and various other dimensions.
Guotai Junan Securities Co., Ltd. is a comprehensive securities company in China with a long history and leading scale. It was formed in 1999 by the merger of the original Guotai Securities and the original Junan Securities, with business scope covering brokerage, investment banking, asset management, and other fields. However, this time the opening is for the international version!
As of the time of writing, Guotai Junan International (01788.HK) continued to rise sharply in the last trading session, increasing by over 198% intra-day.
The information provided in this article is for reference only and is based on publicly available information and the author's personal analysis and opinions. It does not constitute any form of investment advice or commitment. Readers are advised to make their own judgments and bear the corresponding risks before making investment decisions.
