China Property Giant Wants to Open Crypto Business in Hong Kong
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Greenland Financial Technology Group, a wholly owned subsidiary of China's state property giant Greenland Holdings, is planning to apply for a license to open a crypto business in Hong Kong, the South China Morning Post reports, citing James Geng Jing, the head of the financial arm.

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Geng said the company wants to "further diversify" its business and expand international footprint with the help of crypto. He added:

"As Hong Kong is launching a new regulatory regime for virtual asset trading platforms, it is the perfect timing for Greenland to enter into this business in Hong Kong."

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Although it is unclear when Greenland plans to apply for the license, Geng said the company wants to trade not only traditional cryptocurrencies, but also non-fungible tokens (NFTs) and "products related to carbon emissions."

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