China Merchants Bank’s CMB International Securities has reportedly become the first mainland China-affiliated brokerage to secure a virtual asset licence from Hong Kong’s Securities and Futures Commission.
This approval enables CMBI to legally offer cryptocurrency trading, custodial support, and digital asset advisory services within Hong Kong’s tightly regulated framework. Authorities reaffirmed their commitment to becoming a global crypto hub, with a stablecoin issuer licensing regime set to begin Aug. 1. Industry figures highlight that the move reflects Hong Kong’s balancing act between regulatory innovation and China’s crypto restrictions. Officials also confirmed plans to expand the use of tokenized assets across traditional finance.
Source: Bitcoin
