Greenland Holdings' Greenland Jinchuang was approved to expand its virtual asset business license

Greenland Holdings, a Hong Kong-listed company, disclosed on an interactive platform that its subsidiary Greenland Financial Innovation Holdings Co., Ltd. (Greenland Financial Innovation) currently holds licenses No. 4 (providing advice on securities) and No. 9 (asset management) issued by the Hong Kong Securities and Futures Commission (SFC), and has completed the upgrade and obtained permission to support virtual asset-related businesses.

This move marks that Greenland Financial Innovation has become one of the few financial institutions that have been formally approved by Hong Kong regulators to carry out virtual asset-related services. The Hong Kong SFC has recently been promoting the construction of a regulatory system for virtual asset trading platforms and asset management institutions, requiring licensed institutions to apply for relevant extension licenses before engaging in virtual asset activities and meet additional compliance and risk control requirements.

With the business expansion license obtained this time, Greenland Financial Innovation will be expected to further participate in virtual asset investment consulting and asset management businesses, provide customers with diversified financial services covering traditional and digital assets, and actively respond to Hong Kong's policy direction on the compliance development of virtual assets.