Tiger Brokers (Hong Kong) announced that it has obtained a Type 9 license from the Hong Kong Securities and Futures Commission to provide asset management services. In the future, it will be able to provide investors with a series of asset management services, including dedicated account services for retail and professional investors, as well as management Collective investment schemes for professional investors, etc.
Xu Yang, a partner of Tiger International, said that in addition to professional investors, the license also allows Tiger to provide discretionary account services for retail investors, lowering the entry threshold.
The company also mentioned that in January this year, it obtained the Hong Kong Securities Regulatory Commission’s upgrade of its Type 1 license conditions, allowing professional investors to trade virtual assets through Tiger Brokers (Hong Kong) on the Securities Regulatory Commission’s licensed platform, becoming the first Internet securities firm to obtain this license. An upgraded company; and the approval of the Type 9 license will help the company further expand its business circle in the Hong Kong market. (Singtao.com)