According to Odaily, Guofu Innovation (00290.HK) has announced that its wholly-owned subsidiary, Fuqiang Securities Limited, has received approval from the Hong Kong Securities and Futures Commission (SFC). This approval allows the subsidiary to offer virtual asset trading services to professional investor clients through integrated accounts maintained on SFC-licensed platforms, subject to the terms and conditions set by the SFC.

This development marks a significant step for Guofu Innovation in expanding its financial services portfolio. The approval from the SFC is a crucial milestone, enabling the company to tap into the growing demand for virtual asset trading among professional investors. The company emphasized that all operations will strictly adhere to the regulatory framework established by the SFC to ensure compliance and security in virtual asset transactions.

The move aligns with the broader trend of increasing institutional interest in virtual assets, as more financial entities seek to offer diversified investment options to their clients. Guofu Innovation's entry into the virtual asset trading space is expected to enhance its competitive edge in the financial market, providing professional investors with more opportunities to engage in the burgeoning virtual asset sector.