[Press Release]

South China Securities Announces

Upgraded Type 1 License to Include Virtual Asset Dealing Service

(HONG KONG, Sep 10, 2024) - South China Financial Group (the “Group”) is pleased to announce that its South China Securities Limited (“SCS”), has upgraded its licence to carry on Type 1 regulated activities (dealing in securities) under the Securities and Futures Ordinance.   This upgrade enables SCS to provide virtual asset dealing services to professional investors in Hong Kong.

With the continued growth in global demand for virtual assets, SCS is committed to offering diverse investment options for its clients.  Resulting from this licence upgrade, SCS is able to provide not only secure and reliable securities dealing services but also virtual asset trading services.  SCS has been striving hard to expand its innovative financial services for catering to different clients' needs under its long-established financial brand “South China Securities” in Hong Kong.  

Since its establishment in 1988, SCS has remained dedicated to becoming a preferred financial service provider.  This licence upgrade further strengthens the Group's leading position in the financial market and demonstrates its confidence and commitment to promoting Hong Kong as an international virtual asset hub.  SCS is actively seizing the opportunities presented by the industry's digital transformation, providing clients with deeper insights into various virtual asset news and market trends, and continuously optimizing its financial services by breaking the boundaries of traditional financial services.

For additional information, please visit: www.sctrade.com

Press enquiries

South China Financial Holdings Limited

Corporate Marketing Assistant Manager

Mr. Nick Leung

Tel: (852) 3196 6175

Mobile: (852) 6373 8796

Email: nick.leung@sctrade.com

About South China Financial Group

Established in 1988, South China Financial Holdings Limited (the "Company") (stock code: 00619) has been rooted in Hong Kong for 36 years and providing various licensed financial services (including financial and insurance services etc.).  The Company has been primarily focusing on offering global securities and futures trading, corporate finance and capital market services to investors and corporations over years.

The new wealth management brands of the Company, namely "SC Private" and "SC Wealth", have strategically partnered with renowned product service providers across various regions and industries worldwide to deliver customized services to high-net-worth clients.