Hong Kong Approves First Broker to Buy and Sell Crypto
Guotai Junan Securities (Hong Kong), a subsidiary of Guotai Junan International, has become the first Chinese mainland brokerage in the Hong Kong Special Administrative Region to receive regulatory approval for offering virtual asset trading services.
According to the information, the milestone approval was granted by the Hong Kong Securities and Futures Commission (SFC) on Tuesday. It upgrades the firm’s existing Type 1 license, which allows dealing in securities, to now include the provision of crypto trading services under an omnibus account arrangement with SFC-licensed virtual asset platforms.
This regulatory green light enables Guotai Junan Securities’ clients to trade leading digital assets such as Bitcoin, Ethereum, and stablecoins via the firm’s platform. It marks a significant step in Hong Kong’s efforts to expand institutional access to regulated crypto markets and further positions the city as a gateway for digital asset adoption in Asia.
The move also signals growing alignment between mainland Chinese financial institutions and Hong Kong’s evolving digital finance framework.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
