The stock price of Guotai Junan International, a cryptocurrency concept stock, has experienced a roller coaster ride, with the initial increase of 90% narrowed to 9.1%

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Followin message, on June 26th, CICC International's stock price in Hong Kong initially surged over 90%, reaching a high of 7.02 Hong Kong dollars, an increase of approximately 460% from the closing price of 1.24 Hong Kong dollars on June 24th. However, it quickly fell back, with the current increase narrowed to 9.1%, trading at 4 Hong Kong dollars.

According to yesterday's news, CICC International has officially been approved by the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services, as well as offer advice based on these services. After this license upgrade, customers will be able to directly trade cryptocurrencies (such as Bitcoin, Ethereum, etc.) and stablecoins (such as Tether) on the CICC International platform.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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