Nanhua Futures (02691.HK): Singapore Subsidiary Obtains Updated CMS Licence, Adding Securities Trading and Custody Services

NewTimeSpace News: Nanhua Futures Co., Ltd. (stock code: 2691) announced on July 23 that its overseas wholly-owned subsidiary has obtained additional business qualifications in securities and related services.

According to the announcement, the company's overseas wholly-owned subsidiary NANHUA SINGAPORE PTE. LTD. ("Nanhua Singapore") recently obtained an updated Capital Markets Services Licence from the Monetary Authority of Singapore ("MAS"). Following this licence renewal, Nanhua Singapore's business scope will be expanded to include capital markets products trading (securities, collective investment scheme units), product financing, and provision of custody services.

The announcement stated that this business qualification expansion further improves the company's overseas business matrix. Nanhua Singapore can leverage the new qualifications to provide clients with securities and derivatives trading, clearing, asset custody and other financial services, which will help deepen the company's presence in the Southeast Asian market and enhance its international comprehensive financial service capabilities.

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