Hong Kong Regulator Greenlights Victory Securities For Crypto Investments

Key Points:

• Victory Securities has received approval from the Hong Kong Securities and Futures Commission to manage a portfolio of virtual assets.
• The company’s management believes that this development will positively impact the group’s future growth.
• Victory Securities to manage a portfolio in virtual assets is seen as a positive move by market analysts.

Shengli Securities, a Hong Kong-based financial services company, has issued a notice to its shareholders and investors that its subsidiary, Victory Securities, has received approval from the Hong Kong Securities and Futures Commission to manage a portfolio in virtual assets.

This move is considered significant in view of the rapid development of virtual assets in recent years.

The approval from the Hong Kong Securities and Futures Commission is subject to the “Terms and Conditions” standard for a licensed portfolio management company that invests in virtual assets. Such approval gives Victory Securities the go-ahead to manage a portfolio in virtual assets and to provide asset management services related to virtual assets.

The company’s management believes that this development will positively impact the group’s future growth. By providing asset management services related to virtual assets, the company will be able to offer customers more diversified services. This is aligned with the group’s strategy and is expected to create new revenue channels for the company. More importantly, the approval will help the company gain industry expertise in virtual assets, which will be instrumental in the future growth of the company.

In light of the rapid development of virtual assets in recent years, the approval of Victory Securities to manage a portfolio in virtual assets is seen as a positive move by market analysts. This move will enable the company to expand its services to a broader range of customers and provide them with more diversified options.

It is worth noting that the approval is subject to the “Terms and Conditions” standard for a licensed portfolio management company that invests in virtual assets. This means that Victory Securities must comply with the set standards and regulations for a licensed portfolio management company that invests in virtual assets.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

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