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Guotai Junan International has been approved for an upgraded license and can directly provide virtual asset trading services.
On June 24, Guotai Junan International (1788.HK) officially obtained approval from the Securities and Futures Commission of Hong Kong on June 24 to upgrade its existing securities trading license to provide virtual asset trading services and related opinions. After the upgrade, customers can directly trade Cryptocurrency such as Bitcoin, Ethereum, Stable Coin such as USD, etc. on its platform. 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. In recent years, the company has been continuously expanding its virtual asset business, launching virtual asset ETF structured products, conducting trading platform agency business, digital bond issuance, etc., actively supporting Hong Kong in building an international virtual asset center.