According to Odaily, Pan Du, a Hong Kong-based virtual asset management company, has announced that its existing first-class (securities trading) and fourth-class (providing opinions on securities) regulated businesses have been approved for an upgrade by the Hong Kong Securities and Exchange Commission. Effective immediately, Pan Du can provide distribution and investment advisory services to funds with a virtual asset investment ratio exceeding 10%. This regulatory upgrade marks a significant step for the company in expanding its services and reaching a broader market.