Doo secures Type 1 license in Hong Kong
Doo Financial HK Limited also holds the HK SFC’s Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses, further broadening its service portfolio to include securities trading, investment advice, and asset management under rigorous regulatory standards.
Doo Group’s subsidiary, Doo Financial HK Limited, has been granted the Type 1 (Dealing in Securities) License by the Hong Kong Securities and Futures Commission (HK SFC).
The HK SFC is an autonomous statutory authority tasked with supervising the securities and futures markets in Hong Kong, aiming to uphold market integrity and protect investors.
Doo has a license to execute…securities transactions
To offer securities trading services in Hong Kong, companies must secure a Type 1 license from the HK SFC, which demands a comprehensive review of the applicant’s business model, financial health, corporate governance, staff qualifications, and performance.
Having met these stringent requirements, Doo Financial HK Limited has been awarded the Type 1 license, which enables the company to execute securities transactions, distribute securities like unit trusts and mutual funds, and participate in joint book-running, placing, and underwriting.
The Hong Kong market is crucial for Doo Group’s strategic expansion, and acquiring this license allows the company to offer a wider range of financial services, thus opening up new investment opportunities for investors.
Doo also holds HK SFC’s Type 4 and Type 9 licenses
Doo Financial HK Limited also holds the HK SFC’s Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses, further broadening its service portfolio to include securities trading, investment advice, and asset management under rigorous regulatory standards.
The licenses give Doo greater room to provide more services to clients, whether they want to trade global capital markets or invest in OTC assets. Hong Kong is a key growth market for the company and a gateway connected to mainland China.
Doo Group has been cultivating strong and professional teams across the world throughout its journey. With over 550 industry professionals working professionally for its clients, Doo Group has established over 10 offices that provide services to clients across more than 40 countries and regions.
The firm was founded 9 years ago and, last year, secured a multi-year sponsorship deal with English soccer giant Manchester United, naming Doo Group as Manchester United’s official online financial trading platform partner.
The agreement marks a first foray into sports sponsorship for Doo Group, which is headquartered in Singapore but also has offices in Dallas, London, Sydney, Hong Kong, Dubai, and Kuala Lumpur, as well as other major cities around the world.
Doo Group will take advantage of advertising opportunities across the club’s various communications channels as well as engaging with both the club’s supporters and sponsors. The partnership will involve the promotion of Doo Group and its sub-brands, Doo Financial and Doo Prime.
