Hong Kong-listed Huobi Tech launches cryptocurrency OTC service
Formerly known as Pantronics Holdings, Huobi Technology has shifted its focus from electronic products to crypto. Hong Kong-listed virtual asset platform Huobi Technology Holdings has launched a cryptocurrency over-the-counter (OTC) service, the firm announced to Cointelegraph on Wednesday.Listed on the main board of the Hong Kong Stock Exchange (HKEX) since 2016, Huobi Technology was originally known as Pantronics Holdings, an electronic product maker founded back in 1990. Huobi Technology has been actively moving into the cryptocurrency industry in recent years but operates independently....
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Huobi Tech, a fund manager in Hong Kong has plans to introduce a cryptocurrency tracking exchange-traded fund (ETF), especially for retail investors. This move comes after the city released its recent guidelines for the sale of virtual assets, there was a relaxation concerning retail ownership of foreign ETFs. Due to the relaxation, Huobi Tech furthered […]
Although Huobi Tech shares a common name with the popular crypto exchange platform Huobi Global, it has no relation with the crypto firm and works independently. Huobi Tech, a public listed fund manager in Hong Kong, plans to launch a cryptocurrency tracking exchange-traded fund (ETF) for retail investors.The Hong Kong Stock Exchange-listed company has reportedly submitted a proposal to the Securities and Futures Commission (SFC) for its crypto ETF. The new ETF product will be focused on retail investors with assets less than HK$8 million (US$1 million), reported South China Morning....
A Huobi subsidiary has been given the green light to operate a crypto investment fund by regulators in Hong Kong. Huobi, one of the largest cryptocurrency exchange platforms in China, appears to be pursuing further expansion of its business following the recent regulatory clearance in Hong Kong.According to an official announcement by Huobi Technology Holdings Ltd., the company’s asset management subsidiary has secured approval from the Hong Kong Securities and Futures Commission to launch a cryptocurrency asset management portfolio.The news is a follow-up to Huobi securing “Type 4” and....
Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited the Chinese market.
Lin’s Arrest in 2020 a Key Event for the Huobi Founder
The Hong Kong-based asset management company, About Capital Management, recently became the biggest shareholder in the crypto exchange Huobi after it acquired founder Li Lin’s stake in the firm. The....
Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about implementing a new cryptocurrency regulatory framework at Hong Kong Fintech Week on Tuesday. All cryptocurrency trading platforms operating in Hong Kong or targeting local investors will be required to apply for a license with the SFC, Radio Television Hong Kong (RTHK) reported. “Later....