Victory Securities has been approved by the Hong Kong Securities Regulatory Commission to manage the investment portfolio of virtual assets

On March 23rd, Shengli Securities (08540. HK) announced that its board of directors would like to inform its shareholders and investors that Shengli Securities Co., Ltd. (Shengli Securities, a wholly-owned subsidiary of the company) has obtained the consent of the Hong Kong Securities and Futures Commission to manage the investment portfolio of virtual assets, However, it is necessary to comply with the SFC’s “Standard Terms and Conditions for Licensed Corporations Applicable to the Management of Investment Portfolios Invested in Virtual Assets”. In view of the rapid development of virtual assets in recent years, the Board believes that providing asset management services related to virtual assets will enable the Group to provide more diversified services to customers, in line with the Group’s strategy, and through the creation of new revenue channels, as well as the acquisition of industry expertise related to virtual assets, Have a positive impact on the future development of the Group.

Interpretation of this information:

Shengli Securities, a subsidiary of Shengli Securities (08540. HK), received approval from the Hong Kong Securities and Futures Commission to manage the investment portfolio of virtual assets. This means that the company can now provide asset management services related to virtual assets, which they believe will enable them to provide more diversified services to customers, in line with their strategic goals. The company sees the rapid development of virtual assets as an opportunity to acquire industry expertise and create new revenue channels. However, the company must comply with the SFC’s “Standard Terms and Conditions for Licensed Corporations Applicable to the Management of Investment Portfolios Invested in Virtual Assets.”