According to online reports, Guotai Junan International announced that Guotai Junan International Holdings Co., Ltd.(stock code: 1788.HK), a subsidiary of Guotai Haitong Group, was officially approved by the Hong Kong Securities and Futures Commission on June 24 to upgrade its existing securities trading license to provide virtual asset trading services, and provide advice based on providing virtual asset trading services. After the upgrade, customers can directly trade cryptocurrencies such as Bitcoin and Ethereum and stablecoins such as USDT on their platforms. Guotai Junan International has thus become the first Chinese-funded securities firm in Hong Kong to provide a full range of virtual asset-related trading services, covering virtual asset trading, consulting and related product issuance and distribution. In recent years, the company has continued to expand its virtual asset business, including the launch of virtual asset ETF structured products, trading platform agency business and digital bond issuance, etc., actively helping Hong Kong build an international virtual asset center.