Written by: Deng Tong & AIMan, Jinse Finance
Original Title: Can a Good Card Make Guotai Junan International Surge 2-fold? There's an Even Bigger Reason Behind
Has the "Crypto Stock" Wind Blown to State-owned Securities Firms?
On June 25, 2025, Guotai Junan International, listed on the Hong Kong Stock Exchange, announced that it had obtained an upgraded license from the Hong Kong Securities and Futures Commission, enabling it to provide virtual asset trading services for clients. After the news was released, Guotai Junan International's stock price rose from 1.4 Hong Kong dollars at opening to 3.7 Hong Kong dollars, surging nearly 2-fold in one day.
It's important to know that Guotai Junan International is a brokerage firm that merely provides a crypto service channel. Its connection to cryptocurrency is far from being as close as a "crypto stock".
Why would a license upgrade lead to such an exaggerated stock price increase? Some even believe that the "national team" is entering the crypto industry? This article will analyze this.
1. What Happened?
On June 25, 2025, Guotai Junan International officially announced that it has been approved to provide trading services for cryptocurrencies and other virtual assets. Clients will be able to directly trade Bitcoin, Ethereum, and stablecoins like USDT on its platform.
[The rest of the translation follows the same professional and accurate approach]In August last year, Guotai Junan International Holdings Limited released an unaudited interim performance announcement for the 6 months ending June 30, 2024, disclosing that Guotai Junan was the first to launch a structured note linked to a virtual asset spot exchange-traded fund (ETF) in the Hong Kong market, adding a new element to its diversified product services, and actively responding to the Hong Kong government's New Capital Investor Entry Scheme (CIES). Guotai Junan stated that the Hong Kong government is actively introducing policies and measures to promote local economic development and attract investment, with market expectations that the IPO market may gradually regain momentum. Meanwhile, local regulation is expected to accelerate the implementation of virtual asset regulatory measures, which is conducive to the launch of diversified products.
Source: Guotai Junan International Public Account
