Understanding the Market | HAO TIAN INTL rose over 9% in the closing session, with a cumulative increase of over 30% in the past three days, plans to apply for virtual asset trading services

HAO TIAN INTL surged over 9% in the late trading session, with a cumulative increase of over 30% in the past three trading days. As of the time of publication, it rose 9.62% to HKD 0.285, with a trading volume of HKD 410 million. In terms of news, HAO TIAN INTL recently announced that its indirectly wholly-owned subsidiary, HAO TIAN Securities, intends to submit an application to the Securities and Futures Commission (SFC). The application aims to seek approval to provide virtual asset trading services through a comprehensive account arrangement to enhance its service offerings. The board believes that introducing trading services related to virtual assets will significantly expand the group's service scope and create additional revenue sources. The directors believe that incorporating virtual assets into the service offerings will provide unique features and return models distinct from traditional financial assets. This move is expected to attract a broader customer base and generate additional revenue sources, thereby improving the group's operational performance and financial condition