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Hong Kong grants international virtual asset trading license to CMB
CMB International Capital Co., Ltd., a subsidiary of the Bank of China, was approved by the Hong Kong Securities and Futures Commission on July 14, 2025, becoming the first licensed brokerage in China to offer virtual asset trading services.
This event marks an important step in enhancing the activities of Chinese organizations in the Hong Kong virtual asset market, while reinforcing Hong Kong's ambitions to be a digital asset hub. CMB International is expected to expand its services to major cryptocurrencies such as bitcoin and ethereum, depending on regulations.
This development could attract more institutional investors from mainland China into the Hong Kong market, although there has not yet been an immediate price increase due to the lack of specific product information.