As of June 24, 2025

40 institutions have applied to the Hong Kong Securities and Futures Commission for upgrading to Type 1 license

Want to become a 'broker that can buy and sell cryptocurrencies and virtual assets'

Including:

38 brokers

1 bank (ZA Bank)

1 internet company

With so many licenses, it means that the license itself is not rare.

Having a license also makes it difficult to earn money from the business, many are just 'holding a position'.

What truly matters is——

Who is the first to shout out, set the rhythm, and ride the first wave of speculative hype

For example: Guotai Junan International (HK:01788), Victory Securities (HK:08540), OSL Group (HK:00863), and ZA Bank under ZhongAn Online (HK:06060).

In the capital market hype, seizing talent first is the key.

And the historical peak of stock prices occurs at this moment.