Jia Fu Da Securities Applies for SFC License to Operate as Hong Kong Securities Dealer

Jia Fu Da Securities, a subsidiary of Fu Shi Financial, has formally submitted an application to the Securities and Futures Commission (SFC) of China Hong Kong for a license to conduct Type 1 regulated activities, effective July 27, 2025. The move signals the firm’s intent to operate as a licensed securities dealer within the region’s financial framework. While the SFC has not disclosed further details about the application process or the firm’s strategic plans, the initiative aligns with broader efforts to integrate institutional players into the local market. The application does not specify any direct impact on cryptocurrencies such as Ethereum (ETH) or Bitcoin (BTC), leaving regulatory clarity on virtual assets unchanged for now [1].

The firm’s application underscores Fu Shi Financial’s ambition to expand its financial services footprint in China Hong Kong. As a regulated entity, Jia Fu Da Securities would be authorized to engage in securities dealing activities, a critical step for firms seeking to establish credibility and compliance within the jurisdiction’s stringent regulatory environment. The SFC’s licensing process typically involves rigorous scrutiny of operational capacity, governance structures, and risk management frameworks. While no public statements or quotes from key figures in the financial or cryptocurrency sectors have emerged regarding this application, the move could reflect growing confidence in China Hong Kong’s ability to balance innovation with investor protection [1].

The regulatory landscape in China Hong Kong has increasingly emphasized structured oversight of financial services, particularly in sectors like fintech and virtual assets. The SFC’s approach aims to foster market growth while mitigating systemic risks. Jia Fu Da’s entry into the Type 1 licensing category does not explicitly tie to virtual asset-related services, but its success could influence how other firms navigate the evolving regulatory terrain. Analysts have noted that institutional participation often drives market maturation, though the absence of specific cryptocurrency references in the application suggests the firm’s immediate focus remains on traditional securities. This aligns with broader trends where regulators prioritize stabilizing core financial activities before extending frameworks to newer asset classes [1].

No concrete data or forecasts have been tied to this application, and the SFC’s response timeline remains undisclosed. The lack of commentary from industry stakeholders as of July 27, 2025, highlights the early stage of the process. Potential outcomes will depend on the SFC’s evaluation criteria and the firm’s capacity to meet regulatory expectations. Should the license be granted, it would enable Jia Fu Da Securities to offer securities dealing services under the SFC’s supervision, potentially enhancing liquidity and competition in China Hong Kong’s financial markets. However, the absence of public details about asset classes or operational scope limits immediate market reactions [1].

The application reinforces China Hong Kong’s role as a regional hub for financial innovation, where regulators aim to attract global players while maintaining strict compliance standards. The SFC’s licensing decisions often set precedents for industry practices, and this case could highlight the jurisdiction’s commitment to fostering a transparent and resilient financial ecosystem. For now, the focus remains on the SFC’s operational review, with no indication of accelerated timelines or public consultations. The outcome may also influence how other firms approach licensing in the region, particularly those seeking to align with regulatory expectations before expanding into virtual asset services [1].

Source: [1] [Jia Fu Da Securities Applies for SFC Dealer Licence] [https://coinmarketcap.com/community/articles/6886b9f7bd87cb2c7f22bfb7/]