First State-Owned Chinese Company Applies for Hong Kong Crypto License: Pros, Cons, and Impact

Greenland Financial Technology Group, a subsidiary of Greenland Holdings, becomes the first state-owned Chinese company to apply for a virtual asset trading license in Hong Kong, with plans to establish a dedicated company for virtual asset trading, including cryptocurrencies, NFTs, and carbon emission-related products. This move signifies the significant potential of Hong Kong’s virtual asset market and its potential as a global crypto hub.