Doo Group’s subsidiary, Doo Financial HK Limited, has secured a Type 1 (Dealing in Securities) License from the Hong Kong Securities and Futures Commission (SFC).
According to Hong Kong regulation requirements, a company must obtain Type 1 license from the SFC to offer securities trading-related services in the region.
This license entails rigorous application requirements, evaluating aspects such as the company’s business model, financial standing, corporate governance, qualifications of upper-level management and employees, and overall company performances. This approval authorizes us to offer clients a range of services, including:
- Execution of securities dealing transactions on behalf of clients;
- Distribution of securities such as unit trusts and mutual funds;
- Joint Bookrunner
- Placing & Underwriting
The company commented:
“The Hong Kong market is pivotal for Doo Group, presenting diverse strategic opportunities. With the acquisition of this license, we are poised to expand our business sectors, providing investors with a broader spectrum of financial services and facilitating the discovery of new investment opportunities”.
Doo Financial HK Limited had previously obtained the HK SFC’s Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses. This additional Type 1 (Dealing in Securities) license complements its service offerings, enabling it to provide securities trading, investment consultation, asset management, and other financial services under stringent regulatory oversight.
