Tiger Brokers has been granted a Type 9 license in Hong Kong and plans to provide asset management services

Tiger Securities (Hong Kong) announced that it has obtained the ninth type of license approved by the Hong Kong Securities and Futures Commission to provide asset management services. In the future, it can provide a series of asset management services to investors, including separately managed accounts for retail and professional investors, as well as managing collective investment plans for professional investors.

Xu Yang, a partner of Tiger International, said that in addition to professional investors, this license also allows Tiger to provide discretionary account management services to retail investors, reducing the entry threshold.

The company also mentioned that it obtained an upgrade of its first type of license conditions from the Hong Kong Securities and Futures Commission in January of this year, allowing professional investors to trade virtual assets through Tiger Securities (Hong Kong) on the licensed platform of the Securities and Futures Commission, becoming one of the earliest companies among internet brokers to obtain this license upgrade. The approval of the ninth type of license will help the company further expand its business in the Hong Kong market. (Sing Tao Daily)