Shengli Securities to Provide Asset Management Services for 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.

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

Shengli Securities (08540. HK) has recently announced that it has obtained consent from the Hong Kong Securities and Futures Commission (SFC) to manage the investment portfolio of virtual assets. This decision is in line with the company’s strategy to provide more diversified services to its customers and create new revenue channels.

What is Virtual Assets Management?

Virtual assets management refers to the management and handling of virtual or digital assets, such as cryptocurrency and other digital tokens. The rapid development of virtual assets in recent years has led to a growing demand for asset management services related to these assets.

Shengli Securities’ Decision to Provide Virtual Assets Management Services

The board of directors of Shengli Securities believes that providing virtual assets management services will enable the company to offer more diversified services to its customers. Through this move, the company will also acquire industry expertise related to virtual assets, which will have a positive impact on its future development.
In order to comply with the SFC’s “Standard Terms and Conditions for Licensed Corporations Applicable to the Management of Investment Portfolios Invested in Virtual Assets,” Shengli Securities needs to ensure that it adheres to the regulations and guidelines set forth by the SFC to manage investment portfolios invested in virtual assets.

Benefits of Shengli Securities’ Virtual Assets Management Services

By providing virtual assets management services, Shengli Securities is expanding its portfolio of services, providing customers with more options for investments. This move also positions the company to take advantage of the growing popularity and demand for virtual assets, which is expected to continue to rise in the coming years.
In addition, the acquisition of industry expertise related to virtual assets will help Shengli Securities stay ahead of competitors in this emerging field. With this move, the company can leverage its expertise to help clients navigate the ever-changing landscape of virtual assets and provide them with tailored investment strategies.

Conclusion

The decision by Shengli Securities to provide virtual assets management services is a forward-thinking move that positions the company to capitalize on the growing demand for such services. By doing so, Shengli Securities is expanding its portfolio of services and gaining expertise in an emerging field that is expected to grow rapidly in the coming years.

FAQs

1. What are virtual assets?
Virtual assets are digital or virtual tokens that can be transferred and traded electronically.
2. What are the benefits of virtual assets management services?
Virtual assets management services provide customers with more options for investment and help them navigate the ever-changing landscape of virtual assets.
3. Is virtual asset management a growing field?
Yes, virtual asset management is a growing field, with increasing demand from both individual investors and institutional investors.