FU SHEK FIN's subsidiary, Jiafuda Securities, has submitted an application to the Securities and Futures Commission for a license to conduct Type 1 regulated activities
FU SHEK FIN's wholly-owned subsidiary, Jiafuda Securities, has applied to the Hong Kong Securities and Futures Commission for a Type 1 regulated activity license to provide virtual asset trading and consulting services. The board believes that with the development of global virtual assets and the support of the Hong Kong government, this move aligns with the company's strategy, can offer clients more diversified products, create new revenue streams, and promote business synergies
According to the Zhitong Finance APP, FU SHEK FIN (02263) announced that its indirect wholly-owned subsidiary, Jiafuda Securities Limited, submitted an application to the Hong Kong Securities and Futures Commission on July 25, 2025, aiming to obtain a regulated activity license under the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) for providing virtual asset trading and/or consulting services as an intermediary.
The board expects that, upon approval of the application, Jiafuda Securities will provide virtual asset trading services through a comprehensive account arrangement; and provide virtual asset trading services by introducing qualified clients to directly trade on virtual asset trading platforms licensed by the Securities and Futures Commission.
In light of the rapid development of global virtual assets and the supportive stance of the Hong Kong government in recent years, the board believes that expanding Jiafuda Securities' business into virtual asset-related services, after obtaining the necessary regulatory approvals, aligns with the company's strategy to offer a more diversified range of products and services to the group's clients. The board also believes this will create opportunities for the group, promote synergies among various business lines, thereby expanding existing revenue sources and exploring new revenue channels for the group. Therefore, the board believes that the group's submission of the application to enter the virtual asset-related services is in the best interests of the group and its shareholders
