Guotai Junan International's stock price skyrocketed by nearly 200%, driving the rise of the Chinese securities industry sector as the first Chinese securities firm to be approved for Hong Kong virtual asset trading triggered a chain effect. "(Author Wu Shuo, blockchain Aki Chen) Guotai Junan International became the first Chinese securities firm to be approved for Hong Kong virtual asset trading license. The market response has been enthusiastic, mainly due to its status as a "national level strategic pilot" supported by the Shanghai State owned Assets Supervision and Administration Commission and its ability to attract A-share funds as a target of the Shanghai Hong Kong Stock Connect. However, currently the license only allows the provision of virtual asset services for overseas clients, and most securities firms still rely on licensed platforms (such as HashKey) to provide trading and clearing services, posing challenges in compliance and risk control. read the whole passage: https://mp.weixin. (qq.com)/s/R6n3mfJKde6tQqJ4Xz83vQ