UP Fintech Holding Limited (NASDAQ:TIGR), an online brokerage firm, today announced that Hong Kong’s Securities and Futures Commission (SFC) has officially granted a Type 9 license to Tiger Brokers (HK) Global Limited (TBHK).
The license authorizes TBHK to provide asset management services, including discretionary accounts service to both retail clients and professional investors and asset management service to collective investment schemes offered to professional investors only.
Mr. Yang Xu, the Head of Wealth Management business, stated that TBHK’s asset management services will feature a seasoned investment team adept in tactical asset allocation and long-term value investing, crafting bespoke asset allocation strategies for discretionary account retail clients, complemented by a user-friendly platform interface to facilitate wealth accumulation.
Additionally, TBHK’s asset management team will provide comprehensive services for Hong Kong investment immigration, along with tailored investment strategies for managed accounts, and is set to offer a multifaceted fund service infrastructure in the future.
Over the past year since entering Hong Kong market, TBHK has garnered popularity among Hong Kong users with its optimized product offerings and one of the most competitive pricing.
