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Greenland Holdings subsidiary applies for virtual asset trading license in Hong Kong

Greenland Holdings' subsidiary, Greenland Financial Technology Group, is seeking a virtual asset trading license in Hong Kong, making it the first state-owned Chinese company to do so. The company plans to set up a new unit dedicated to virtual asset trading and apply for licensing in Hong Kong. The Securities and Futures Commission (SFC) requires virtual asset trading platforms to have a license to operate or market themselves in the region, and the new Greenland unit plans to trade cryptocurrencies, nonfungible tokens (NFTs), and products related to carbon emissions. Hong Kong is positioning itself as a digital asset market hub and is attracting interest from companies such as Huobi Global and OKX.

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