China ** newspaper Wu Juanjuan.
A few days ago, the Hong Kong Securities and Futures Commission released the license application status in November on its official website. According to information from the Hong Kong Securities and Futures Commission, including the family office of the founder of the Internet giant, well-known ** in Hong Kong, and global virtual asset investment institutions, etc., all won the Hong Kong Securities and Futures Commission license in November and entered the Hong Kong financial market. For example, C Capital Investment Management Limited, a Hong Kong investment institution, was granted Type 4 and Type 9 licenses by the Hong Kong Securities and Futures Commission in November. According to the relevant information, Type 4 is a license to provide advice on **, and Type 9 is an asset management license. C Capital Investment Management was founded in 2017 and has a team of more than 20 people to date. It was co-founded by Adrian Cheng, CEO of New World Development, among others. **Focus on consumption, technology, and blockchain. According to information from the Securities and Futures Commission of Hong Kong, the address of C Capital Investment Management is New World Tower. C Capital started out with a focus on venture capital and has since expanded into other strategies including credit** and hedging**. In recent years, Adrian Cheng has often appeared on blockchain, web3 and other activities. 
*: C Capital official website. 
*: In addition to C Capital, a Hong Kong institution, Gurryshark Fund Management Company Limited, a Hong Kong institution, also obtained a Hong Kong Type 9 license in November. The reporter learned from the industry that this institution is a single-family trust, and its investment scope includes private equity, venture capital and hedging. The agency is owned by the founder of a leading Internet agency, and based on the owner's background, the institution's investment is also more focused on technology-related fields. Other licensed institutions include Dapu Asset Management (HK), the Hong Kong subsidiary of Dapu Asset Management, a well-known private equity firm in China, which was granted Type 4 and Type 9 licenses on November 23. China Arab Capital Limited, a joint venture between Makkah Investment and CMIG New Energy, was awarded No. 4 and No. 9 licenses in November. Virtual asset practitioners are applying for licenses one after anotherStrongly promoted by the Hong Kong Special Administrative Region**, Hong Kong has attracted the attention of global virtual asset practitioners. For example, among the institutions newly approved in November, a person related to First Fortune Investment Fund Limited expressed interest in blockchain and virtual assets in an interview. For example, Yang Zhenjun, the founder of Yicai Investment**, once introduced that Hong Kong, China has a sound regulatory system, and the credibility and security of Hong Kong** are also higher than those of other virtual asset centers. Hong Kong, China followed Singapore to launch the OFC** structure and also issued a series of preferential policies (OFC** subsidies, **full set of tax exemptions). "Hong Kong has the most sophisticated fiat currency custody and banking system. Starting with the 'Digital Currency Declaration' in November 2022, Hong Kong, China has introduced what we believe to be the most active and lenient regulatory rules in the world so far, and is in full swing to continuously introduce more and more perfect follow-up policies, making it the friendliest jurisdiction with clear digital currency regulatory rules to follow." He also added that the SFC clearly stipulates that in order to issue a compliant fully invested digital currency**, not only a (traditional) Type 9 license is required, but also two licensed principals (ROs) under the Type 9 license are required to have corresponding industry experience.
For another example, according to the official website, Seba Bank AG (Seba Bank), a Swiss digital bank, is a fully licensed Swiss crypto bank that provides comprehensive financial solutions for the digital age, covering equity investment, lending, custody, investment, trading, banking, and deposits in Switzerland. Seba Hong Kong, a wholly-owned subsidiary of Seba Bank, was granted a license by the Hong Kong Commission for Compliance with the Commission (SFC) in November. This license allows Seba Hong Kong to carry out regulated activities in Hong Kong. Can a Type 9 SFC licensed institution engage in virtual asset investment in Hong Kong without restriction?In response to this problem, Yuan Chengpeng, a key member of Xiao Sa's team at Beijing Dacheng Law Firm, told a reporter from China ** Daily that if an institution holds a No. 9 license and the proportion of virtual assets in its portfolio does not exceed 10% of the net assets of the portfolio, it can manage the portfolio under the original license. If a Type 9 institution has a portfolio of virtual assets accounting for more than 10% or more of the portfolio's net assets, it will need to apply to the SFC to upgrade the license and obtain approval before it can manage the portfolio.
In the third quarter, the SFC received 2,017 licence applicationsThe data shows that Hong Kong's financial licenses, including virtual asset-related licenses, are attractive. Since the Hong Kong Securities and Futures Commission implemented a new virtual asset trading platform licensing regime on June 1 this year, as of December 11, a total of two institutions have been approved for Hong Kong's virtual asset trading platform licenses, namely OSL Digital*** and Hash Blockchain Limited. 
*: As of now, 9 institutions have submitted applications for virtual asset trading platforms to the Hong Kong Securities and Futures Commission, namely Hong Kong BGE LimitedHong Kong Digital Asset Exchange Group***Hong Kong Virtual Asset Exchange***Shengli Digital Technology***MEEX Digital Securities Limited;Cheetah Trading (Hong Kong)**OKX Hong Kong Fintech Company Limited;hong kong vaexc limited；Cloud AccountGBA Technology (Hong Kong)**
*: The official website of the Hong Kong Securities and Futures Commission The Hong Kong Securities and Futures Commission (SFC) stated on its official website that the reason for publishing the list of applications for virtual asset trading platforms is to enable the public to ascertain whether virtual asset trading platforms have made false or misleading statements about their status in their license applications with the Hong Kong Securities and Futures Commission. The licensing applications of the virtual asset trading platform operators on the application list have not been approved by the SFC and may not meet the relevant requirements. Investors should refer to the SFC's "List of Approved Virtual Asset Trading Platforms" for the names of duly licensed virtual asset trading platform operators. The SFC also reminds investors of the risks of trading virtual assets on unregulated virtual asset trading platforms (including any VAT applicants listed on this list). According to the third quarter report released by the Hong Kong Securities and Futures Commission a few days ago, in the third quarter, the Hong Kong Securities and Futures Commission received 2,017 license applications (including 1,972 individuals and 45 institutions), an increase of 13% over the previous quarter and an increase of 6% over the same period last year. As at 30 September, the total number of licensed institutions and persons and registered institutions was 48,362, including 3,236 licensed institutions and 112 registered institutions. In the third quarter, the total number of new licensed institutions and individuals and registered institutions was 3,094, including 3,061 individuals and 33 licensed and registered institutions. Of the 33 company licences issued in the third quarter, Type 9 (asset management) regulated activity and Type 4 (advising on**) accounted for 44% and 36% respectively.
Editor: Joey Review: Chen Mo.