China Merchants Bank Arm Wins Crypto Licence in Hong Kong
Main Idea
China Merchants Bank’s CMB International Securities has become the first mainland China-affiliated brokerage to secure a virtual asset licence from Hong Kong’s Securities and Futures Commission, enabling it to operate legally in Hong Kong.
Key Points
1. CMB International Securities is the first mainland China-affiliated brokerage to receive a virtual asset licence in Hong Kong.
2. The licence allows CMBI to legally provide services in Hong Kong’s regulated crypto market.
3. The move highlights Hong Kong’s effort to balance regulatory innovation with China’s crypto restrictions.
Description
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
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