CMB International becomes the first Chinese bank-affiliated securities firm to obtain a virtual asset trading license in Hong Kong

According to reports, CMB International Securities Co., Ltd. (hereinafter referred to as "CMB International") has officially obtained the approval of the Hong Kong Securities and Futures Commission (SFC) on July 14, becoming the first Chinese bank-affiliated securities firm in Hong Kong to obtain a license for virtual asset trading services.

As a wholly-owned subsidiary of China Merchants Bank, CMB International's license will enable it to conduct virtual asset trading, custody and other related businesses in compliance with the Hong Kong regulatory framework, further expanding its global digital financial services.

This approval reflects CMB International's long-term deep cultivation in compliance construction, technical reserves and risk control systems, and also demonstrates the recognition of the Hong Kong financial regulatory system for the capabilities of Chinese institutions in the field of digital assets.

As Hong Kong continues to promote the construction of virtual asset regulatory systems, Chinese securities firms have gradually achieved breakthroughs in the compliance path, which will provide an example for more financial institutions to explore digital asset businesses.

Industry insiders believe that this move is not only expected to accelerate the integration of traditional financial institutions with the Web3 ecosystem, but will also promote Hong Kong to consolidate its position as a virtual asset hub in Asia.