[August 5, 2024, Hong Kong] Sinohope Asset Management (Hong Kong) Limited ("Sinohope Asset") is pleased to announce that it has received approvals from the Hong Kong Securities and Futures Commission (SFC) for its application for a Type 1 license (dealing in securities) and the Type 4 virtual asset (“VA”) uplift license (advising on securities).  Sinohope Asset has become one of the earliest institutions in the market to obtain multiple licenses, including Type 1, Type 4, and Type 9, allowing the firm to fully leverage its first-mover advantage and further expand its business footprint in the Hong Kong compliant virtual asset market.

This approval enables Sinohope Asset one to provide virtual asset-related distribution, advisory and asset management services pursuant to its SFC licenses to conduct Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities. Given the increasingly diverse investment options and evolving client demands, Sinohope Asset aims to provide a wide range of products to professional investors (PIs), including family offices, high-net-worth individuals, and financial institutions. With this latest approval, in addition to its existing virtual asset fund business under the Type 9 license, Sinohope Asset will now be able to distribute virtual asset-related products, such as VA funds, Bitcoin and Ethereum ETFs, and VA structured products, to professional investors.

Investing in virtual asset structured products and funds can offer unique return opportunities that differ from those in traditional assets. Sinohope Asset will carefully consider various aspects, including risk management and compliance, and conduct thorough due diligence to select eligible and competitive virtual asset structured products and funds. These products may include, but are not limited to, the following:

1. Yield enhanced investment product;
2. Bitcoin and Ethereum Bullish Shark Fin investment products;
3. Bitcoin and Ethereum Bullish Dual-currency investment products.

With the Type 4 VA uplift license, Sinohope Asset aims to provide the following types of VA advisory services exclusively to professional investors:

1. Issuing research reports (including regular subscriptions or ad-hoc recommendations upon client request);
2. Providing investment advisory services to clients, including virtual asset funds and their managers.

Miss Emma Zhu, Partner of Sinohope Asset, stated "Sinohope Asset will continue to build on its differentiated strengths in product offerings and service delivery. Compared to other licensed institutions, Sinohope Asset has a seasoned investment team that can provide valuable research and insights. In terms of service, we continue to focus on meeting client needs by offering customized one-on-one services. Sinohope Asset has strong capabilities in virtual asset compliance, operations and risk management, and we aim to provide a safer and more reliable investment environment for our clients. The license approvals from the Hong Kong SFC mark an important milestone in Sinohope Asset's progress in compliance. Going forward, we will persist in our commitment to compliant development and strive to build products and services that are favored and trusted by the market, making Sinohope Asset the first choice for professional individual and institutional investors in the Hong Kong virtual asset market. Sinohope Asset is dedicated to becoming a one-stop virtual asset financial investment service platform, and we welcome more partners to establish connections and collaborations as we further promote our structured products to the market."

About Sinohope Asset

Established in 2019, Sinohope Asset Management (Hong Kong) Limited (“Sinohope Asset”) is a wholly-owned subsidiary of Sinohope Tech (1611.hk). It is a leading provider of institutional-level virtual asset management services, which holds a Type1(dealing in securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) license issued by the Hong Kong Securities and Futures Commission (“HKSFC”) and was approved to manage investment portfolios which invest 100% in virtual assets. It is the first HKSFC-licensed virtual asset fund manager to actively manage virtual asset funds and can accept subscriptions in both fiat and virtual assets. Sinohope Asset currently manages seven funds, including a Bitcoin tracker fund, an Ethereum tracker fund, two multi-strategy virtual asset funds, a blockchain venture capital fund, and two private equity funds related to blockchain mining operations. Sinohope Asset's services are only available to professional investors as defined by the Securities and Futures Ordinance and its subsidiary legislation.