Tiger Brokers (Hong Kong) announced that it has obtained a Type 9 license from the Hong Kong Securities and Futures Commission to provide asset management services. In the future, it will be able to provide investors with a series of asset management services, including dedicated account services for retail and professional investors, and management of collective investment plans for professional investors.
Xu Yang, partner of Tiger International, said that in addition to professional investors, this license also allows Tiger to provide full-power entrusted account services to retail investors, lowering the entry threshold.
He also pointed out that as Hong Kong continues to strengthen its position as an international wealth management center and launches a new capital investor entry scheme to attract global capital, he looks forward to launching a full range of services to provide customers with exclusive customized solutions and accelerate the development of Hong Kong's asset and wealth management industry.
The company also mentioned that in January this year, the Hong Kong Securities and Futures Commission upgraded the conditions of its Type 1 license, allowing professional investors to trade virtual assets on the Securities and Futures Commission's licensed platform through Tiger Brokers (Hong Kong), making it one of the earliest Internet brokerages to obtain this license upgrade; and the approval of the Type 9 license this time will help the company further expand its business circle in the Hong Kong market.