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.