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The shares of Guotai Junan International after two days after the Chinese brokerage mediation on the Hong Kong list, they ensured regulatory approval to offer crypto business services, almost 200%.
Key with you:
- Guotai Junan participated for two days after receiving a crypto trading license in Hong Kong.
- Broaching becomes one of the first major Chinese companies with regulatory approval to offer crypto services.
- The regulatory clarity of Hong Kong attracts traditional financial companies to the space of digital asset, unlike mainland China.
Rally followed Wednesday The fact that the Securities and Futures Commission (SFC) upgraded the Guotai Junan license type 1, originally for a securities trade to allow the crypt trading on its platform through a virtual SFC license.
Wednesdays jumped 198% to $ 3.70 HK and reached 7.02 Hk $ $ $ 7.02 on Thursday before they settled on HK 3.54, still 185% since Tuesday’s closure.
Guotai Junan: The first Chinese broker listed in Hong Kong
Guotai Junan is a state -supported brokerage and was the first Chinese securities company to be presented in Hong Kong in Hong Kong in 2010.
His parent company, Guotai Haitong Group, is dominated by a government entity in Shanghai, according to corporate data from Qichach.
Guotai Junan will be positioned between a small but growing group of traditional financial companies that seek to exhibit a regulated crypto landscape of Hong Kong.
Other brokers, including Chinese business securities and Huatai International, reportedly monitor similar approval.
Development comes when Hong Kong doubles its digital assets strategy.
At the beginning of this week, VMS Group, Hong Kong Multifamidature Office with deep roots in private capital, made his first pressure on digital assets How clearer regulations and institutional momentum attract traditional investors to the crypto space.
A company that manages nearly $ 4B for some of the richest families in the city is planning up to $ 10 million on the RE7 capital, the London Hedge Fund focused Decentralized finance strategy.
While Hong Kong welcomes crypto innovation, mainland China continues to observe its ban on trading in cryptocurrencies and mining, making the city a critical test base for Chinese companies to explore space in a regulated regime.
Hong Kong announces a new policy of digital asset
Hong Kong has revealed his second main statement of politics On digital assets, location of stable -strategy control and tokenization (RWA) in the real world at the core of its strategy to become a global Fintech center.
The new “Leap” framework focuses on legal clarity, ecosystem growth, real world adoption, and talent development, stablecoin licensing regime, which lays down 1 August.
The government also plans to regulate tokenized government bonds and ETFs and prepare a way for trading in the secondary market for these products on licensed platforms of digital assets.
Its aim is to expand tokenization efforts to sectors such as metals and renewable energy, to emphasize cases of use, such as gold and solar panels.
As mentioned, experts working in the Krypto and Hedge Funds are It plays a key role in supporting the rental market in Hong Kongwhich continues to fight due to weak traditional sources of demand.
Contribution Guotai Junan shares a 200% jump after securing the Hong Kong crypto business license He appeared for the first time Cryptonews.
