HK Movers | Guotai Junan International Soars 150% After Approval to Offer Crypto Trading

Tiger Newspress

25 Jun

Guotai Junan International announced that Guotai Haitong Group's subsidiary, Guotai Junan International Holdings Limited, officially received approval from the Hong Kong Securities and Futures Commission on June 24th. The company's existing securities trading license has been upgraded to provide virtual asset trading services, as well as advisory services based on providing virtual asset trading services. After the upgrade, clients can directly trade cryptocurrencies such as Bitcoin, Ethereum, and stablecoins like USDT on their platform.

Guotai Junan International shares soared 150% in Hong Kong.

Guotai Junan International has thus become the first Hong Kong-based Chinese-funded securities firm to provide comprehensive virtual asset-related trading services, including virtual asset trading, consulting, and related product issuance and distribution. The company has been expanding its virtual asset business in recent years, including launching virtual asset ETF structured products, conducting exchange platform agency business, and issuing digital bonds, actively contributing to the establishment of Hong Kong as an international virtual asset hub.

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