Greentown Holdings' Stock Surges to 3.5-Month High After Securing Virtual Asset Business License

Greenland Holdings, an A-share company, reached a 3.5-month high in its stock price, closing at a daily limit with a 9.88% increase. The company previously stated that its subsidiary, Greenland Jinchuang, holds licenses issued by the Hong Kong Securities and Futures Commission, including Type 4 and Type 9 licenses, which support virtual asset-related businesses. The approved virtual asset business license is believed to be the primary factor behind the stock price surge.

Greenland Holdings, an A-share listed company, experienced a significant surge in its stock price on July 2, 2025, reaching a 3.5-month high. The stock closed at its daily limit with a 9.88% increase, driven primarily by the approval of virtual asset-related business licenses for its subsidiary, Greenland Jinchuang.

Greenland Jinchuang holds licenses issued by the Hong Kong Securities and Futures Commission (SFC), including Type 4 and Type 9 licenses, which support virtual asset-related businesses. The approval of these licenses, which allow Greenland Jinchuang to engage in virtual asset-related activities, is believed to be the primary factor behind the stock price surge [1].

The virtual asset market has been gaining significant attention and investment due to its potential for growth and innovation. The approval of these licenses by the SFC indicates a supportive regulatory environment for virtual asset businesses in Hong Kong. This approval is a positive development for Greenland Holdings, as it opens up new opportunities for the company to engage in virtual asset-related activities and potentially attract more investment.

Greenland Holdings' stock price surge comes amidst a broader trend of increasing interest in virtual assets and digital currencies. The company's move into the virtual asset market could position it to benefit from this growing market. However, investors should also be mindful of the risks associated with virtual asset investments, including market volatility and regulatory uncertainty.

The approval of these licenses by the SFC is part of a broader effort by Hong Kong's financial authorities to promote innovation and growth in the virtual asset market while ensuring consumer protection. The Anti-Scam Consumer Protection Charter 3.0, launched by the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and the Mandatory Provident Fund Schemes Authority (MPFA), aims to combat financial fraud and scams targeting the Hong Kong populace [2].

In conclusion, Greenland Holdings' stock price surge is a reflection of the company's successful bid to enter the virtual asset market. The approval of virtual asset-related licenses by the SFC is a positive development for the company and the broader virtual asset market in Hong Kong. However, investors should remain vigilant and consider the risks associated with virtual asset investments.

References:
[1] https://coinpedia.org/news/reserveone-to-launch-1-billion-bitcoin-dominated-digital-asset-reserve/
[2] https://www.dimsumdaily.hk/financial-authorities-in-hong-kong-unite-to-combat-scams-with-anti-scam-consumer-protection-charter-3-0/