On June 24, Guotai Junan International secured approval from the Hong Kong Securities and Futures Commission to enhance its securities trading license, enabling it to offer virtual asset trading services and associated advisory services. With this upgrade, clients can now trade cryptocurrencies such as Bitcoin and Ethereum, along with stablecoins like Tether, on the company's platform. As a result, Guotai Junan International has emerged as the first Chinese-backed securities firm in Hong Kong to offer a comprehensive suite of virtual asset services, encompassing trading, consultation, and the issuance and distribution of related products. This development underscores the company's relentless expansion into the virtual asset sector and its commitment to supporting Hong Kong's ambition to establish itself as an international hub for virtual asset trading.