SecurityTokenizer
Subscribe Our Newsletter
China Merchants Securities shares surge on HK crypto license approval
212
Jul 15, 2025
Investing.com-- Shares of China Merchants Securities (HK:6099) surged on Tuesday after its Hong Kong unit, CMB International Securities Ltd (CMBI), secured regulatory approval to offer crypto trading services.
The company received the Hong Kong Securities and Futures Commission’s nod on Monday, becoming the first Chinese bank-backed brokerage in Hong Kong licensed for crypto services.
Hong Kong-listed China Merchants Securities stock briefly surged more than 20% to HK$18.68, but was trading 5.4% higher at HK$16.04 as of 05:09 GMT.
The move marks a significant step in the company’s expansion into the digital asset space, aligning with Hong Kong’s broader strategy to position itself as a regional hub for virtual asset trading.
CMBI’s approval allows the firm to provide regulated crypto trading and custody services to professional investors in Hong Kong. The announcement follows similar licensing wins by other mainland brokerages like Guotai Junan International (HK:1788).
Is 1788 truly undervalued?
With 1788 making headlines, investors are asking: Is it truly valued fairly? InvestingPro's advanced AI algorithms have analyzed 1788 alongside thousands of other stocks to uncover hidden gems with massive upside. And guess what? 1788 wasn't at the top of the list.
Source >> China Merchants Securities shares surge on HK crypto license approval
Trending News
Subscribe Our Newsletter
