First! GUOTAI JUNAN I has obtained a cryptocurrency license in Hong Kong, and its stock price once surged over 100%

On June 25, GUOTAI JUNAN INTERNATIONAL (01788.HK) surged significantly, at one point rising over 101.6% during the trading session, with trading volume also notably increasing; subsequently, the stock's gains narrowed, but as of the time of writing, the increase still reached 82.26%, priced at HKD 2.26 per share.

In terms of news, a significant announcement has come from the Hong Kong financial market today: GUOTAI JUNAN INTERNATIONAL has officially received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services and related advisory services. After the license upgrade, clients can directly trade cryptocurrencies (such as Bitcoin, Ethereum, etc.) and stablecoins (such as Tether) on the platform.

With this, GUOTAI JUNAN INTERNATIONAL becomes the first Chinese-funded brokerage in Hong Kong to offer "comprehensive virtual asset services." This marks the entry of traditional brokerages into the deep waters of integration with crypto assets.

In recent years, with the rapid development of the global virtual asset market, the trend of financial institutions participating in overseas virtual asset trading services has become increasingly significant. To seize market opportunities, GUOTAI JUNAN INTERNATIONAL has quietly laid out its plans in the virtual asset field.

In 2024, GUOTAI JUNAN INTERNATIONAL will be the first in the Hong Kong market to launch virtual asset-related products (ETF and futures brokerage services, over-the-counter derivatives issuance and distribution), and has obtained permission from the Hong Kong Securities and Futures Commission to conduct virtual asset trading platform introduction agency business.

In the first half of 2025, GUOTAI JUNAN INTERNATIONAL initiated its digital bond issuance business and simultaneously received approval to distribute tokenized securities and provide related consulting services.

Now, with GUOTAI JUNAN INTERNATIONAL securing the qualification for "virtual asset trading services," it further enhances the service ecosystem in this field.

Behind GUOTAI JUNAN INTERNATIONAL's accelerated construction of the virtual asset ecosystem is the clear support of Hong Kong's regulatory framework. In February 2025, the Hong Kong Securities and Futures Commission released the "A-S-P-I-Re" roadmap for the regulation of the virtual asset market, indicating the development direction for Hong Kong's virtual asset ecosystem.

Some analysts believe that as the first Chinese-funded brokerage to obtain a virtual asset license, GUOTAI JUNAN INTERNATIONAL's demonstration effect may prompt peers to follow suit quickly. That is, other Chinese and foreign institutions in Hong Kong may accelerate their applications for similar licenses, forming a service cluster effect that helps Hong Kong consolidate its position as a global crypto financial center.

Looking ahead, GUOTAI JUNAN INTERNATIONAL stated in its announcement that the company will continue to explore the deep integration of financial technology and virtual assets, focusing on enhancing product development and risk control capabilities, and promoting Hong Kong to build an "safe, compliant, and professional" international virtual asset center After the above news was released, GUOTAI JUNAN I's stock price began to surge. Driven by the soaring stock price of GUOTAI JUNAN I, other brokerage stocks in the Hong Kong stock market also collectively rose today.

As of the time of publication, First Shanghai (00227.HK) rose by 25.49%, Hongye Futures (03678.HK) rose by 15.66%, Shenwan Hongyuan Hong Kong (00218.HK) rose by 23.31%, Derlin Holdings (01709.HK) rose by 11.54%, Zhongzhou Securities (01375.HK) rose by 12.79%, and Everbright Securities and others also increased