Delin Securities was approved by the Hong Kong Securities and Futures Commission to upgrade its Type 1 license to provide virtual asset trading services

According to Foresight News, Delin Holdings (01709.HK) announced that its 70%-owned subsidiary Delin Securities (Hong Kong) Limited has received conditional approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services under a comprehensive account arrangement, but this is subject to Delin Securities accepting certain conditions of its existing Type 1 (securities trading) regulated activity license. Delin Securities has accepted the above conditions and will launch virtual asset trading services after receiving formal approval from the China Securities Regulatory Commission. The company is committed to promoting the upgrade of Delin Securities’ Type 4 (advising on securities) regulated activity license. The China Securities Regulatory Commission is currently undergoing final approval. The company will make appropriate announcements after receiving relevant approvals from the China Securities Regulatory Commission.
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