CMB International Becomes First Chinese Bank Subsidiary to Secure Hong Kong Crypto License

Hong Kong's financial landscape takes a historic leap as CMB International Securities, a subsidiary of China Merchants Bank, secures a VIRTUAL asset trading license from the SFC. This milestone marks the first authorization of its kind for a Chinese bank-affiliated firm in the region.

The license paves the way for CMB International to offer crypto trading, custody, and advisory services to qualified investors. Hong Kong solidifies its position as a regulated gateway for Chinese institutions seeking exposure to digital assets, while mainland restrictions persist.

"This approval demonstrates institutional confidence in crypto's role within modern finance," analysts note. The MOVE aligns with Hong Kong's strategic push to become a global virtual asset hub, creating new portfolio diversification opportunities for traditional investors.