Wu said that New Fire Asset Management (Hong Kong) Co., Ltd. announced that it had obtained the approval of the Hong Kong Securities Regulatory Commission's application for license No. 1 (securities trading) and the upgrade of license No. 4 (providing advice on securities), becoming one of the first institutions in the market to obtain multiple licenses No. 1, No. 4 and No. 9. In addition to the compliant virtual asset fund business under the original No. 9 license, New Fire Asset Management will add the business of distributing virtual asset (VA) related products to PIs.