Fortune Securities intends to submit an application to the Hong Kong Securities and Futures Commission for engaging in activities related to virtual assets

ChainCatcher news, the Hong Kong listed company Guofu Innovation stated that its wholly-owned subsidiary Fuqiang Securities has submitted an application to the Hong Kong Securities and Futures Commission for a license to engage in regulated activities under Type 1 (Securities Trading) related to virtual assets. Fuqiang Securities plans to provide virtual asset trading services under a comprehensive account arrangement, as well as facilitate direct trading by introducing qualified clients to licensed virtual asset platforms.

Subject to obtaining the necessary regulatory approvals, Fuqiang Securities will expand its business to engage in virtual asset-related services in line with the company's strategy to offer more diversified services to investors and to explore new sources of revenue.