The Doo Group’s subsidiary, Doo Financial HK Limited, has secured a Type 1 License (Dealing in Securities) from the Securities and Exchange Commission of Hong Kong (SFC).
According to Hong Kong’s regulatory requirements, a firm must obtain a Type 1 license from the SFC to offer services related to securities trading in the region.
This license includes strict application requirements, assessment of aspects such as the company’s business model, financial condition, corporate governance, qualifications of management and senior employees, and overall company performance. This approval authorizes us to offer customers a range of services including:
- Execution of securities trading transactions on behalf of clients.
- Distribution of securities such as unit trusts and mutual funds.
- Joint Bookrunner
- Placement & Undertaking
The company commented:
“The Hong Kong market is vital for Doo Group, presenting different strategic opportunities. By obtaining this license, we are ready to expand our business areas, providing investors with a wider range of financial services and facilitating the discovery of new investment opportunities.”
Doo Financial HK Limited previously obtained the Type 4 (Securities Advice) and Type 9 (Asset Management) licenses of the HK SFC. This additional Type 1 license (Trading in Securities) complements its service offerings, allowing it to provide securities trading, investment advice, asset management and other financial services under strict regulatory oversight.