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On June 24, Guotai Junan International Holdings Limited ("Guotai Junan International") became the first Chinese brokerage firm in Hong Kong to provide a full range of virtual asset-related trading services, allowing customers to directly trade virtual assets such as cryptocurrencies (such as Bitcoin, Ethereum, etc.) and stablecoins (such as Tether) on the Guotai Junan International platform.
As soon as the news broke, the capital market reacted strongly, with Guotai Junan International's stock initially surging by
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