HK Stock Market Move | GUOTAI JUNAN (01788) rose more than 12% during the day. Institutions believe that in the short term, capital recognizes the scarcity of licenses and the elasticity space of small market caps.

GUOTAI JUNAN I (01788) rose by more than 12% during trading hours, and as of the time of the report, it had risen by 8.61% to HKD 3.28, with a turnover of HKD 26.11 billion. In terms of news, on June 24, GUOTAI JUNAN I officially received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services and to offer advice based on providing virtual asset trading services. After this license upgrade, customers will be able to directly trade cryptocurrencies such as Bitcoin, Ethereum, and stablecoins such as Tether (USDT) on the GUOTAI JUNAN I platform. It has been reported that several local Hong Kong securities firms have completed the "1st tier license upgrade," and GUOTAI JUNAN I is not the only Chinese securities firm applying for a license, with more institutions expected to enter the market in the future. Huaxi pointed out that on June 25, GUOTAI JUNAN I surged by 198.39%. In the short term, this is mainly due to capital recognizing the scarcity of licenses and the elastic space of small market cap. In the medium to long term, Chinese mainland securities firms, using Hong Kong stablecoins as an opportunity, are obtaining new business opportunities for tokenized securities issuance, trading, clearing, and other services, gradually clarifying the path to profit growth by "going overseas." Soochow pointed out that as the first Chinese securities firm to obtain this license, GUOTAI JUNAN I has successfully opened up the entire chain of services for virtual assets, including trading, custody, consulting, issuance, and derivatives, achieving a strategic upgrade from a traditional securities service provider to a "comprehensive hub for digital asset services."