TechFlow news: China Pacific Insurance Group's subsidiary, CPIC Investment Management (Hong Kong) Limited ("CPIC Asset Management Hong Kong"), announced that its existing regulated activities in Type 1 (dealing in securities) and Type 4 (advising on securities) have been upgraded with approval from the Securities and Futures Commission of Hong Kong. Effective immediately, CPIC Asset Management Hong Kong can now provide fund distribution and investment advisory services for funds with over 10% exposure to virtual assets.
This upgrade marks a significant step forward for CPIC Asset Management Hong Kong into the virtual asset space, while maintaining strict compliance with regulatory requirements. With the enhanced license, CPIC Asset Management Hong Kong will continue deepening its engagement across multiple dimensions of the virtual asset sector, including fund distribution and investment advisory services. The company aims to empower virtual asset projects and, together with trusted partners, contribute to establishing Hong Kong as a sustainable and responsible virtual asset hub, fostering a robust virtual asset ecosystem and advancing Web3 toward mass adoption.
