CMBI Secures Hong Kong Virtual Asset Trading License: A Boost for Digital Finance

CMBI, the brokerage arm of China Merchants Bank, has received a key license from Hong Kong’s Securities and Futures Commission (SFC) to offer regulated cryptocurrency services. This move positions CMB as a major player in Hong Kong’s growing crypto market. The license allows CMB to provide custody and advisory services for approved digital assets within Hong Kong’s regulatory framework. This strategic move could significantly enhance access to both traditional and crypto assets for qualified investors, bolstering Hong Kong’s position as a global financial hub for digital assets.