Guotai Junan International obtains approval from the Hong Kong Securities Regulatory Commission to upgrade its securities trading license to provide virtual asset services

Guotai Junan International (1788.HK) officially announced on June 24 that it has obtained the approval of the Hong Kong Securities and Futures Commission (SFC) to upgrade its existing securities trading license to a license that can provide virtual asset trading services. This upgrade marks Guotai Junan International as the first Chinese brokerage firm in Hong Kong to provide a full range of virtual asset trading and related services.

After the license upgrade, Guotai Junan International's customers will be able to trade mainstream cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and stablecoins such as Tether (USDT) directly on its platform, further expanding its service content to cover virtual asset trading, consulting, and related product issuance and distribution.

This move not only makes Guotai Junan International an important participant in Hong Kong's virtual asset industry, but also reflects its strategic layout of continuously expanding its crypto-related business in the context of Hong Kong's growing global virtual asset center. In recent years, Guotai Junan International has continued to explore innovative financial products, launched virtual asset ETF structured products, carried out trading platform agency business, and actively participated in the issuance of digital bonds and other fields, further contributing to the diversified development of Hong Kong's financial market.

As one of the largest Chinese securities companies in Hong Kong, Guotai Junan International's license upgrade provides an important opportunity for it to further expand its virtual asset services. The company said that it will continue to promote the deep integration of virtual assets and traditional financial services in the future, thereby further strengthening Hong Kong's position as an international virtual asset center.

Industry analysts believe that with the participation of traditional financial institutions such as Guotai Junan International, Hong Kong's virtual asset market will gradually mature and attract more international investors and companies to enter the market. This will not only help enhance Hong Kong's competitiveness in the field of global digital asset supervision and trading, but also provide a strong impetus for the diversification and innovative development of Hong Kong's financial ecology.