PANews reported on October 30 that Zhuorui Securities has received approval from the Hong Kong Securities and Futures Commission to upgrade its existing Type 4 (advising on securities) license to include providing investment advice on virtual assets. This means that Zhuorui Securities can now provide clients with comprehensive investment advisory services covering both traditional securities and virtual assets within a compliant framework.

Phil, CEO of ZR Financial Group, stated that this license upgrade reflects regulatory recognition of the company's compliance and risk management capabilities, and also demonstrates ZR's long-term investment in fintech and research. ZR's ZR app offers diversified investment services including stocks, ETFs, and virtual assets, integrating traditional and digital finance to provide investors with a safer, more transparent, and efficient asset allocation experience in emerging sectors.

According to previous reports, Zhuorui Securities' No. 1 license upgrade has been approved, which will allow it to access virtual asset trading services .