Huobi Tech’s (1611.HK) Asset Management Subsidiary obtained SFC Type 4 and Type 9 licenses

Huobi Tech’s (1611.HK) Asset Management Subsidiary obtained SFC Type 4 and Type 9 licenses
04.08.2020 07:33 pm

Huobi Tech’s (1611.HK) Asset Management Subsidiary obtained SFC Type 4 and Type 9 licenses

Securities Services , Asset Management , Regulatory Standards

Huobi Asset Management (Hong Kong) Limited (the “Company”), the wholly-owned asset management subsidiary of Huobi Technology Holdings Limited (1611.HK), is pleased to announce that it was granted with Type 4 (advising on securities) and Type 9 (asset management) licenses by the Securities and Futures Commission (the “SFC”) on 31 July 2020 to conduct the respective regulated activities. The Company shall focus on providing securities advisory and asset management services to professional investors, with the long term aim to build an integrated financial service platform to serve customers both from the traditional and virtual asset industry.

According to Elaine Sun, the Compliance Director of Huobi Tech: “We are delighted to get licensed and it marks a good start for the Company to provide professional asset management services. The Asset Management arm is led by a team of investment professionals with extensive traditional securities investment experience and fruitful knowledge in blockchain and virtual asset industry. As a fully compliant trusted platform we are confident that the Company could bridge the gap between traditional and virtual asset class investments and offer integrated solutions to our professional investors.”

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