17.07.2025 07:10

CMB International Securities, a subsidiary of China Merchants Bank, has achieved a significant milestone by securing a virtual asset license from the Hong Kong Securities and Futures Commission (SFC). This makes it the first mainland Chinese brokerage to obtain such approval.

The license grants CMB International the legal authority to conduct a range of cryptocurrency-related activities in Hong Kong. These include facilitating cryptocurrency trading, providing secure custodial services for digital assets, and offering expert advice to clients on various aspects of the digital asset market. Operation will be strictly within the confines of Hong Kong's robust regulatory environment.

This development underscores Hong Kong's growing commitment to fostering a regulated and thriving cryptocurrency ecosystem. Authorities are actively shaping a supportive framework to attract businesses and attract investment in this burgeoning sector, whilst maintaining high standards of consumer protection. The SFC's approval of CMB International signifies a crucial step in this strategic initiative.

This licensing achievement represents a bold move by China Merchants Bank, demonstrating confidence in Hong Kong's regulatory clarity and the future potential of the cryptocurrency market. The move is also expected to attract further investment and strengthen Hong Kong's position as a leading Asian financial hub for digital assets. It's a significant win for both the bank and Hong Kong's ambition to become a global cryptocurrency center.