Greenland Group's subsidiary plans to apply for Hong Kong virtual asset trading license

On May 17, the reporter learned from Greenland Jinchuang that the company is planning to apply for a license to trade virtual assets in Hong Kong. Greenland Jinchuang is a subsidiary of Greenland Holdings Group (hereinafter referred to as "Greenland Group").

Geng Jing, director and executive president of Greenland Group and chairman and president of Greenland Jinchuang, said that by applying for a virtual asset operator license in Hong Kong, the business scope will be further enriched and the company's international influence will be expanded.

According to reports, Greenland Jinchuang will set up a new company to focus on virtual asset trading and will submit an application to the Hong Kong Securities and Futures Commission. If approved, it will be committed to launching trading cryptocurrencies, non-fungible tokens (NFTs) and products related to carbon emissions. All plans are subject to the approval of the Hong Kong Securities and Futures Commission.

Greenland Jinchuang is the core carrier of Greenland Group that focuses on promoting digital upgrades in multiple industries such as digital technology, finance, education, health care, and scientific and technological innovation. It is committed to building an international, diversified comprehensive industrial group integrating data, technology, finance, and scenarios.

The reporter learned from an insider of Greenland Group that based on the digital technology platform and financial business holding platform built by Greenland Digital Technology Co., Ltd. (hereinafter referred to as "Greenland Digital"), a subsidiary of Greenland Jinchuang, the group has a large number of offline assets and offline businesses to expand virtual asset business, and also has real application scenarios and application needs for virtual assets. As early as 2019, Greenland Group began to lay out virtual asset business.

Greenland Digital is the flagship technology enterprise of Greenland Group's digital upgrade. Relying on Greenland Group's scene advantages, industrial chain advantages and customer advantages, Greenland Digital has created three digital technology platforms: To A, To B and To C. The To A (Assets) platform is the first real estate asset use right transfer platform in China that uses blockchain as the core technology for title confirmation - Quanyibao; To B is a supply chain financial technology platform that provides services to upstream and downstream partners in the industrial chain; To C is a private domain traffic service platform for Greenland's high-quality C-end customer base.

In addition, Greenland Financial Holdings, a financial business holding platform built by Greenland Digital Technology, holds equity in traditional financial institutions such as Orient Securities, Shanghai Rural Commercial Bank, and Hangzhou Industrial and Commercial Trust, and has a license for Singapore's first digital bank, Greenlink International Bank (GLDB). It also holds domestic Internet micro-loans, offline micro-loans, financial leasing, factoring, financial asset trading centers, and green low-carbon trading centers, as well as Hong Kong No. 4/No. 9 securities, Singapore Trust Company and other corresponding licenses. (Liu Yihe)