China Taiping Investment Management (Hong Kong) Limited has been approved to upgrade its Hong Kong Securities and Futures Commission license to engage in the distribution of virtual asset funds and advisory services.

BlockBeats reported on September 26th that China Taiping Insurance Group's China Taiping Investment Management (Hong Kong) Limited ("Taiping Asset Management Hong Kong") announced that its existing Type 1 (securities trading) and Type 4 (advising on securities) regulated activities have been approved for upgrade by the Hong Kong Securities and Futures Commission. From now on, Taiping Asset Management Hong Kong can provide distribution and investment advisory services to funds with a virtual asset investment ratio exceeding 10%. This upgrade marks an important step for Taiping Asset Management Hong Kong in the virtual asset field, while adhering to compliance and regulatory requirements. With the above licenses upgraded, Taiping Asset Management Hong Kong will continue to deepen its involvement in various areas related to virtual assets, including fund distribution and investment advisory services, empower virtual asset projects, and work with reliable partners to contribute to Hong Kong's sustainable and responsible development as a virtual asset center, form a virtual asset ecosystem, and contribute to the road towards Web3's mass adoption.