Jiufang Smart Investment Holdings (09636) subsidiary adds virtual asset business qualifications to open up the full chain of virtual asset “trading+advisor+asset management” services
According to Zhitong Finance App News, Jiufang Smart Investment Holdings (09636) issued an announcement. The company's wholly-owned subsidiaries Fangde Securities Co., Ltd. (Fangde Securities), Fangde Smart Investment Co., Ltd. (Fangde Capital), and Fangde Capital Management Co., Ltd. (Fangde Capital) have recently had the following business developments:
1. The flagship store in Sheung Wan was put into operation. Fangde Securities officially opened its physical flagship store (Sheung Wan flagship store) at the Golden Dragon Center in Sheung Wan, Hong Kong, China. The flagship store is four stories high and has a construction area of approximately 19,337 square feet. The store is equipped with a user experience center and an intelligent center to provide one-on-one exclusive consulting services; at the same time, it also offers special investment lectures, an exclusive area for high-net-worth customers, and is equipped with an independent negotiation room and salon space to fully guarantee customer privacy and enhance customer service quality and group brand image in all aspects.
2. Launch of Fangde's AI stock machine. Fangde Smart Investment officially launched the “Fangde AI Stock Machine”. This exclusive intelligent investment terminal is specially designed for individual investors in Hong Kong. It integrates global market trading, AI intelligent investment assistance, professional investment research services and intelligent trading tools, empowers individual investors with institutional-level investment research and decision-making capabilities, and positions it as a next-generation AI stock investment assistant.
3. Complete the license upgrade and add virtual asset business qualifications. With the approval of the Hong Kong Securities and Futures Commission, Fangde Securities and Fangde Capital have each extended the scope of their regulated activities. Among them, (i) Fangde Securities can now provide virtual asset trading services to its customers in relation to its Type 1 regulated activity (securities trading) business and advise its clients on virtual assets for its Type 4 regulated activity (providing advice on securities) business; and (ii) Fangde Capital can now provide asset management services related to virtual assets to professional investors in relation to its Type 9 regulated activity (providing asset management) business.
After receiving this approval, Fangde Securities and Fangde Capital jointly held Class 1 (securities trading, including providing virtual asset trading services), Class 2 (futures contract trading), Class 4 (advising on securities, including providing advice on virtual assets), Class 5 (advising on futures contracts) and Class 9 (providing asset management, including providing asset management services related to virtual assets) regulated activity licenses. Therefore, with only one account, customers can obtain the full chain of virtual asset “trading+advisor+asset management” services in one stop, opening up traditional and digital asset unified management and allocation scenarios.
Services related to virtual assets will be provided in strict accordance with the relevant regulations and guidelines of the Hong Kong Securities and Futures Commission, and are for professional investors only.
The board of directors believes that the above business dynamics will continue to improve the Group's overseas business layout, strengthen the “technology+investment and research” two-wheel drive strategy, enhance the Group's competitiveness in overseas markets, and have positive significance for the Group's long-term development.