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China Merchants Bank’s Brokerage Arm is 1st Mainland Broker to Offer Crypto Services in Hong Kong

2025-07-15 13:34:54

China Merchants Bank’s Brokerage Arm is 1st Mainland Broker to Offer Crypto Services in Hong Kong

Main Idea

CMB International Securities (CMBI) becomes the first mainland Chinese brokerage to offer crypto trading, custody, and advisory services in Hong Kong, marking a significant step in Hong Kong's push to become a global digital asset hub.

Key Points

1. CMBI secured a license from Hong Kong's Securities and Futures Commission (SFC), allowing it to provide regulated crypto services, including trading, custody, and advisory.

2. Authorized mainland brokers can create omnibus accounts on Hong Kong’s licensed crypto trading platforms to access major coins and stablecoins.

3. Hong Kong's new stablecoin regulation, effective August 1, has attracted applications from over 40 major firms, including JD.com, Ant Group, and Standard Chartered.

4. Hong Kong's government, supported by mainland China, is actively promoting the city as a premier global hub for digital assets, with regulatory clarity being a key factor.

5. Despite the progress in Hong Kong, crypto services offered by CMBI remain prohibited in mainland China.

Description

CMB International Securities (CMBI), the brokerage arm of China Merchants Bank , has received a virtual asset licence from the Securities and Futures Commission (SFC) in Hong Kong, the South China Morning Post reports . According to this report, CMBI got the licence on Monday. With it, it has become the first mainland broker to offer cryptocurrency trading services in the special administrative region. Moreover, CMBI can now offer trading, custody, and advisory services. Furthermore, the licence...

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Altcoin News News Adoption China Hong Kong Regulation

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