Saxo Capital Markets HK Limited revealed it has secured Type 4 (Advising on securities) and Type 9 (Asset Management) licences from The Securities and Futures Commission of Hong Kong (SFC). The two new licences allow Saxo Markets to provide more comprehensive services to investors through its multi-asset trading and investment offerings.
Operating in Hong Kong since 2011, the company currently holds SFC Type 1, 2 and 3 licences. The newly obtained Type 4 and 9 licences will allow Saxo Markets to extend its business further to asset and wealth management.
Richard Douglas, Hong Kong CEO, Saxo Markets, said:
Obtaining the licenses is definitely a key milestone for us, as globally, Saxo has ambitions in the wealth and asset management space, so this is very encouraging and putting us on track in Hong Kong to realise these ambitions. The licenses give us greater room to now provide more comprehensive services to clients, whether they want to trade global capital markets or invest into their future. It’s especially meaningful for the Hong Kong office, as Hong Kong is a key growth market for Saxo and the gateway connected to Mainland China.