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Shengli Securities Obtains Consent to Manage Investment Portfolio of Virtual Assets

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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 S

Shengli Securities Obtains Consent to Manage Investment Portfolio of 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 announced that its subsidiary, Shengli Securities Co., Ltd., has obtained the consent of the Hong Kong Securities and Futures Commission to manage the investment portfolio of virtual assets. This has been met with considerable interest and attention from the investment community as the managing of virtual assets becomes an increasingly relevant aspect of modern investment practices. This article will explore the specifics of Shengli Securities’ foray into the management of virtual assets and the implications of this news.

What Are Virtual Assets

Virtual assets are digital representations of value that can be traded or transferred electronically. This includes cryptocurrencies such as Bitcoin, Ethereum, and Ripple, as well as digital tokens and coins that are issued by companies or organizations. These virtual assets have grown in popularity in recent years as an investment opportunity, attracting investors who are confident in the future of digital currencies and the potential for high returns.

Shengli Securities’ Consent to Manage Virtual Assets

On March 23rd, Shengli Securities announced that it has obtained the consent of the Hong Kong Securities and Futures Commission to manage the investment portfolio of virtual assets. This is a significant achievement for Shengli Securities and signals a move towards diversification of services that are in line with their strategic plan for growth.
The SFC’s “Standard Terms and Conditions for Licensed Corporations Applicable to the Management of Investment Portfolios Invested in Virtual Assets” must be complied with by Shengli Securities, ensuring that the management of virtual assets is conducted in a secure and responsible manner. This gives investors the confidence that their investments are being managed with appropriate oversight and regulation.

Implications of Shengli Securities’ Move Into Virtual Asset Management

In the current economic climate, investors are seeking new and innovative ways to diversify their portfolios and generate returns. Virtual assets have shown significant growth potential, with many investors seeing them as a viable investment option. The move by Shengli Securities into virtual asset management provides a new avenue for investors to explore within the company’s diversified services.
The acquisition of industry expertise in virtual asset management also positions Shengli Securities as a key player in the industry. This move will allow the company to keep up with the changing landscape of investments, and could lead to the creation of new revenue channels.

Conclusion

The recent announcement by Shengli Securities’ subsidiary, Shengli Securities Co., Ltd., to manage the investment portfolio of virtual assets marks a significant development in the industry. This move not only provides a diversification of services for customers but also positions the company as a key player within the industry. It is an exciting time for investors as virtual assets continue to grow in popularity and investment opportunities expand.

FAQs

1. What is Shengli Securities?
Shengli Securities is a Hong Kong-based company that provides a range of financial services, including securities brokerage, underwriting and placements, and asset management.
2. What are virtual assets?
Virtual assets are digital representations of value that can be traded or transferred electronically. This includes cryptocurrencies such as Bitcoin, Ethereum, and Ripple, as well as digital tokens and coins issued by companies or organizations.
3. What is the significance of Shengli Securities obtaining consent to manage virtual assets?
This move positions Shengli Securities as a key player in the industry, allowing the company to keep up with the changing landscape of investments and create new revenue channels. It also provides investors with a new avenue for diversification of their portfolios.

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