Guotai Junan Securities gains approval for virtual asset services

Guotai Junan International Holdings Limited (HKEX:1788) announced that its wholly-owned subsidiary, Guotai Junan Securities (Hong Kong) Limited, has received official approval from the Hong Kong Securities and Futures Commission (SFC) to uplift its existing Type 1 (dealing in securities) regulated activity license. This upgrade enables the company to provide virtual asset dealing services under an omnibus account arrangement with SFC-licensed platforms. The company states the announcement is made on a voluntary basis to keep shareholders and potential investors informed of its latest business development.