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<Research>Soochow Securities: Guotai Junan Securities (HK) Approved for Crypto Trading License, Leading Broker Pioneers Change, Reshaping Non-Bank Financial Ecosystem
GUOTAI JUNAN I (01788.HK) announced that it had received approval from Hong Kong's Securities and Futures Commission (SFC) to provide virtual asset trading services.After yeste...
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<Research>Soochow Securities: Guotai Junan Securities (HK) Approved for Crypto Trading License, Leading Broker Pioneers Change, Reshaping Non-Bank Financial Ecosystem
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GUOTAI JUNAN I (01788.HK)  -0.520 (-14.689%)    Short selling $38.63M; Ratio 0.589%   announced that it had received approval from Hong Kong's Securities and Futures Commission (SFC) to provide virtual asset trading services.

After yesterday's (25th) rise of 1.98 times to HKD3.7 (with a turnover of HKD16.385 billion), GUOTAI JUNAN I opened 14.9% higher this morning (26th) and once reached an intraday high of HKD7.02, up 89.73%. It last traded at HKD4.37, up 18.1%, with a turnover of HKD14.47 billion.

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According to Soochow Securities' research report, Guotai Junan Securities (Hong Kong) officially received yesterday approval from the SFC to upgrade its existing Type 1 (dealing in securities) regulated activity license, allowing it to provide virtual asset trading services through integrated accounts opened on SFC-licensed platforms in Hong Kong.

As for the broker industry, the demonstration effect of a leading player is significant, and the competitive paradigm is rapidly evolving. Guotai Junan's approval validates the implementation of its Hong Kong strategy and compels other leading Chinese brokers to speed up their own efforts. One of the two core catalysts is a validation of the feasibility path. Guotai Junan Securities (Hong Kong) has proven to the market that leading Chinese brokers have the capability to operate compliant virtual asset businesses, paving the way for peers with strong Hong Kong subsidiaries such as CITIC SEC (06030.HK)  -0.300 (-1.235%)    Short selling $141.27M; Ratio 22.001%   and CICC (03908.HK)  -0.040 (-0.225%)    Short selling $98.95M; Ratio 10.787%   .

Regarding the non-bank financial ecosystem, a new balance of shared dividends and risk has been created. The wave of virtual asset compliance will initiate and reshape the entire non-bank financial industry chain, with a collaborative ecosystem around the issuance, circulation, management, and application of digital assets rapidly taking shape.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)

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