PRNewsWire
07 Jul 2026, 07:09 UTC · 4h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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Hang Feng International Asset Management Limited (HFIAM), a subsidiary of NASDAQ-listed FOFO, has been granted a Type 1 (Dealing in Securities) license by the Hong Kong SFC. — This expands the company's legal capacity to trade and distribute securities to professional investors, creating a new potential revenue stream.
+0.40The company has previously upgraded its Type 4 and Type 9 licenses to provide virtual asset related services. — Establishes the company's strategic pivot toward the high-growth cryptocurrency and virtual asset management sector in Hong Kong.
+0.30Which stocks this story touches
The company secured a Type 1 license from the Hong Kong SFC, expanding its business capabilities and competitiveness in the financial services sector.
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Seeking Alpha
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