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Fortune Securities submitted a license application to the Hong Kong Securities Regulatory Commission to engage in virtual asset-related activities

On August 14th, Hong Kong-listed company Guofu Innovation disclosed that its wholly-owned subsidiary, Fuqiang Securities, has submitted an application to the Hong Kong Securities and Futures Commission for engaging in virtual asset-related activities under the license of Type 1 (Securities Trading) regulated activities. Fuqiang Securities plans to provide virtual asset trading services under the arrangement of comprehensive accounts, as well as to provide virtual asset trading services by introducing qualified customers directly to licensed virtual asset platforms. Subject to obtaining the necessary regulatory approvals, Fuqiang Securities will expand its business to engage in virtual asset-related services, which is in line with the company's strategy to provide more diversified services for investors and to explore new sources of revenue.

Hong Kong
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