Guotai Junan Intl shares surge over 100% on crypto license win

Published 25/06/2025, 06:20

Investing.com-- Shares of Guotai Junan International Holdings (HK:1788) more than doubled on Wednesday after its Hong Kong subsidiary received regulatory approval to offer virtual asset trading services.

The Hong Kong Securities and Futures Commission (SFC) granted Guotai Junan Securities (Hong Kong) an upgraded license to provide crypto dealing services through omnibus accounts with SFC-licensed platforms, according to a company filing.

The approval positions the brokerage to tap into Hong Kong’s growing digital asset market.

Hong Kong-listed shares of the company surged as much as 101.6% to HK$2.50, their highest level since early 2018. They were trading 69% higher at HK$2.09 as of 05:10 GMT.

Last month, Hong Kong’s legislature passed a landmark stablecoin bill, introducing a licensing framework for fiat-referenced stablecoin issuers. 

Bitcoin had surged to a record high last month as both the U.S. and Hong Kong advanced significant regulatory initiatives.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.