Xinhuo Asset Management's No. 1 license application and No. 4 license upgrade were approved, and structural products will be developed

On August 2nd, New Fire Technology Holdings Limited (1611.HK) announced that its New Fire Asset Management (Hong Kong) Co., Ltd. (New Fire Asset Management) has obtained the approval of the Hong Kong Securities Supervision Commission's No. 1 license plate (securities trading) application and No. 4 license plate (providing opinions on securities) upgrade.
New Fire Asset Management will add the business of distributing virtual asset (VA) related products to professional investors, including but not limited to VA funds, Bitcoin and Ethereum ETFs and VA structured products. At the same time, as a No. 4 license holder, New Fire Asset has been further approved to provide virtual asset advisory services under the No. 4 license.