Fosun International Securities, a subsidiary of Fosun Fortune International Holdings, announced that it has been preliminarily approved by the Hong Kong Securities and Futures Commission to provide a virtual asset trading service license. Fosun Fortune International Holdings is a technology financial services platform wholly owned by Fosun International (00656) in Hong Kong.
Fosun Wealth Holdings will provide online trading, on-site ETFs and virtual private equity product trading services to professional investors through its one-stop TO-C wealth management platform "Star Wealth APP"; and provide services to institutional clients in the direct subscription of ETFs with virtual currencies through its one-stop TO-B institutional wealth product platform "Finloop Technology".
Cheng Kang, CEO of Fosun Wealth Holdings, said that the company is very pleased to have obtained the virtual asset trading service license from the CSRC, which also gives the company the opportunity to provide regulated and compliant virtual asset trading services.