Doo Financial HK Limited, a subsidiary of the Doo Group specializing in providing CFDs for retail traders, has obtained the Type 1 (Dealing in Securities) License from the Hong Kong Securities and Futures Commission (SFC). This authorization allows the company to offer regional clients a comprehensive range of securities trading services.

Doo Financial Secures Key Hong Kong Securities License

According to today's press release, Securing the Type 1 license involved rigorous evaluation of Doo Financial's business model, financial standing, corporate governance, and personnel qualifications, underscoring the company's commitment to high compliance standards.

With this license, Doo Financial HK Limited is now authorized to execute securities dealing transactions on behalf of clients, distribute securities, such as unit trusts and mutual funds, act as a joint book-runner, and engage in placing and underwriting activities.

"The Hong Kong market is pivotal for Doo Group, presenting diverse strategic opportunities," the company commented. "With the acquisition of this license, we are poised to expand our business sectors, providing investors with a broader spectrum of financial services and facilitating the discovery of new investment opportunities."

Previously, Doo Financial HK Limited had secured the SFC's Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses, allowing the company to offer investment consultation and asset management services. The addition of the Type 1 license complements these offerings.

Doo Group Continues Expansion

Obtaining the SFC license follows the recent announcement of the company's new office opening in Dubai, solidifying its presence in key financial hubs worldwide.

The Dubai office will house a team of experts specializing in digital technology, software development, and client support. This strategic move aims to cater to the growing regional client base, providing tailored solutions and personalized services to meet their unique needs.

In addition to its newly established Dubai office, Doo Group has a strong presence across multiple countries, including the United States, the United Kingdom, Cyprus, Egypt, South Africa, Seychelles, Mauritius, Hong Kong, Thailand, Malaysia, Singapore, Vanuatu, and Australia.

The group's brokerage platform has demonstrated visible growth, handling over $452.3 billion in trading volume during the first six months of 2023, representing an annual increase of 39.4%. Furthermore, Doo Group's trading platforms ended the period with more than 130,000 active clients.