Jia Fu Da Securities Applies for SFC Type 1 License to Expand Hong Kong Securities Dealing Operations

Jia Fu Da Securities, a subsidiary of Fu Shi Financial, has submitted an application to the Securities and Futures Commission (SFC) of China Hong Kong for a Type 1 regulated activities license. The filing, dated July 27, 2025, marks the firm’s intent to operate as a securities dealer in the region. No official statements from the SFC, leadership at Jia Fu Da, or industry experts have been disclosed regarding the application’s implications or the firm’s strategic focus [1]. The license would enable the entity to conduct securities dealing activities, aligning with broader regulatory frameworks in China Hong Kong aimed at fostering institutional participation while maintaining oversight [1].

The application does not explicitly reference cryptocurrencies such as Ethereum (ETH) or Bitcoin (BTC), despite ongoing discussions about virtual asset services in the region. This omission suggests the current focus remains on traditional securities dealings rather than digital asset integration. Analysts have not provided forecasts or commentary on the application’s potential market impact, as per available records [1].

The move reflects Fu Shi Financial’s broader strategy to expand its financial services footprint in China Hong Kong. By seeking a Type 1 license, the firm aims to establish a formal presence in the region’s capital markets, which are positioned to balance innovation with regulatory prudence. However, the SFC’s approval process, which typically involves rigorous scrutiny of operational compliance and risk management frameworks, may take several months. Until then, no concrete changes to market dynamics or asset allocations can be anticipated [1].

The absence of public statements from key stakeholders underscores the early stage of this regulatory process. While the SFC has historically prioritized investor protection and market stability, the granting of licenses to new entrants like Jia Fu Da could signal a measured openness to diversifying the local financial ecosystem. This aligns with China Hong Kong’s broader goal of strengthening its position as a global financial hub, though any significant shifts in policy or market structure will likely emerge only after the licensing process concludes [1].

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