Today, the entire crypto space is buzzing with a myth: Guotai Junan International surged 200% in a single day, just because it obtained a Hong Kong crypto trading license. But experienced investors understand—the license is just the fuse; the real powder keg is its red bloodline.
1. A crazy day
When this state-owned brokerage announced it received approval from the Hong Kong Securities and Futures Commission to allow clients to trade BTC, ETH, and even USDT directly, the market exploded instantly. The stock price skyrocketed from HK$1.4 to HK$3.7, along with a 70% surge in the platform token HSK from its partner Hashkey.
But a closer look at the announcement reveals: it is just a channel merchant, and trading still relies on Hashkey. Why is it so crazy?
2. The ace hidden in the shareholder list
Looking at the equity structure, the parent company "Guotai Huitong" holds 74%—it's quite impressive—formed by the merger of top domestic brokerages Guotai Junan and Haitong Securities, with the Shanghai State-owned Assets Supervision and Administration Commission as the actual controller. This new giant recently reported total assets of 17.3 trillion, equivalent to the sum of the top ten exchanges in the cryptocurrency space.
Now you understand why some people say the "national team has entered the market," right? It's like when Wall Street sharks suddenly started hoarding BTC—signals are more important than facts.
3. Premeditated layout
In fact, clues have long been apparent:
• Obtained tokenized securities distribution license in May
• Launched structured notes linked to virtual asset ETFs in August last year
• The parent company was named by the Shanghai State-owned Assets Supervision and Administration Commission as the "main force of a financial powerhouse"
Looking back now, these actions resemble the K-line of a slowly accumulating stock by a dealer.
4. Hardcore advice for old friends
Keep an eye on the dynamics of Hong Kong licenses—the next one to profit might be on the approval list.
Tokens from state-owned cooperative exchanges (like HSK) often have opportunities for a second explosion.
Remember the script before Nasdaq's entry in 2017: Compliance has always been the engine of a bull market.
When traditional financial giants start voting with real money, what should the smart investors do? The answer lies in that soaring bullish line from the past 24 hours.
Follow Yuanbao@crypto 元寶 to learn more