TechFlow News, March 4 — According to the latest announcement from Huobi Technology, the Securities and Futures Commission of Hong Kong (SFC) has granted a license to its wholly-owned subsidiary, Huobi Asset Management (Hong Kong) Limited, to conduct regulated activities under Chapter 571 of the Securities and Futures Ordinance of Hong Kong ("the SFO").
Huobi Technology announced that the SFC has approved Huobi Asset Management to manage investment portfolios investing in virtual assets, and to continue conducting the aforementioned Type 4 and Type 9 regulated activities, effective from March 3, 2021.
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