Security International (01410.HK) announced that the SFC has granted approval to Lion Global Asset Management, an indirect non-wholly owned subsidiary, to manage virtual asset funds that meet the minimum exemption requirements, subject to the licensing conditions, that is, compliance with the SFC terms and conditions and any subsequent amendments.
The company pointed out that the approval was an important measure to implement the financial services and investment business strategy for the company, and also enabled Lion Global Asset Management to manage all investment funds investing in virtual assets for professional investors.