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

PANews reported on March 28 that, according to Sing Tao.com, Tiger Brokers (Hong Kong) announced that it had obtained a Type 9 license from the Hong Kong Securities and Futures Commission to provide asset management services, and could provide investors with a series of asset management services in the future, including special account services for retail and professional investors, as well as the management of collective investment plans for professional investors. Xu Yang, a partner at Tiger International, said that in addition to professional investors, the license also allows Tiger to provide discretionary account services for retail investors, lowering the entry threshold. The company also mentioned that in January this year, the Hong Kong Securities and Futures Commission (SFC) upgraded its Type 1 license conditions, allowing professional investors to trade virtual assets on the SFC-licensed platform through Tiger Brokers (Hong Kong), becoming the first online brokerage company to obtain the license upgrade, and the approval of the Type 9 license will help the company further develop its business circle in the Hong Kong market.