TechFlow reports that Guofu Innovation, a Hong Kong-listed company, announced its wholly-owned subsidiary Fuqiang Securities submitted an application to the Securities and Futures Commission of Hong Kong (SFC) on June 26, 2023, seeking approval to conduct virtual asset-related activities under Type 1 (Dealing in Securities) regulated activity license.
Fuqiang Securities plans to offer virtual asset trading services under a consolidated account arrangement, as well as provide virtual asset trading services by referring qualified clients to licensed virtual asset platforms for direct transactions.
Subject to obtaining the necessary regulatory approvals, expanding Fuqiang Securities' business to include virtual asset-related services aligns with the company's strategy of providing more diversified services to investors and opening up new revenue streams.
