The application for New Fire Asset Management No. 1 license and the upgrade of No. 4 license have been approved, and will focus on structured products

ChainCatcher news, New Fire Technology Holdings Limited (1611.HK) announced that its subsidiary New Fire Asset Management (Hong Kong) Limited ("New Fire Asset Management") has received approval from the Hong Kong Securities and Futures Commission for the application of License 1 (Securities Trading) and the upgrade of License 4 (Advising on Securities).
New Fire Asset Management will add the business of distributing virtual asset (VA) related products to professional investors, including but not limited to VA funds, Bitcoin and Ethereum ETFs, and VA structured products. At the same time, as a holder of License 4, New Fire Asset Management has further been approved to provide virtual asset consulting services under License 4.