Hong Kong Stock Market News | BC Technology Group surges over 15% in the afternoon, Bitcoin returns to $40,000. The company provides digital asset trading for Hong Kong retail users.

Zhitong
2023.12.07 07:38
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BC Technology Group's stock rose more than 15% in the afternoon, with a 7.81% increase at the time of writing, reaching HKD 10.08, with a trading volume of HKD 32.5878 million. On the news front, on December 5th, the price of Bitcoin briefly rose to over $42,000. On December 4th, the price of Bitcoin broke through the $40,000 mark, reaching a new high since April 2022. It is reported that as the Federal Reserve's interest rate hike cycle approaches its end, there are expectations in the market for a possible shift in monetary policy. In addition, market expectations for the approval of a physically-backed Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) are also a key factor driving the price increase. BC Technology Group recently announced the significant expansion of its collaboration with Interactive Brokers Hong Kong (IBKR) under its OSL platform. With the support of OSL, IBKR's retail users in Hong Kong can now conduct instant digital asset trading in a one-stop manner. The company also announced the expansion of its collaboration with VICTORY SEC to the Hong Kong retail market. VICTORY SEC is the first licensed corporation in Hong Kong approved by the Securities and Futures Commission to provide virtual asset trading and advisory services to retail investors. Previously, the collaboration between the two parties was only open to professional investors.

Zhitong App learned that BC Technology Group (00863) rose more than 15% in the afternoon, as of the time of publication, it rose 7.81% to HKD 10.08, with a turnover of HKD 32.5878 million.

On the news front, on December 5th, the price of Bitcoin rose to over $42,000. On December 4th, the price of Bitcoin broke through the $40,000 mark, reaching a new high since April 2022. It is reported that as the Federal Reserve's interest rate hike cycle approaches its end, the market expects a possible shift in monetary policy. In addition, market expectations for the approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) are also a key factor driving the price increase.

BC Technology Group recently announced that its subsidiary OSL has significantly expanded its cooperation with Interactive Brokers Hong Kong (Interactive Brokers). With the support of OSL's platform, Interactive Brokers' retail users in Hong Kong can now conduct instant digital asset trading in one place. The company also announced that OSL has expanded its cooperation with Victory Securities to the Hong Kong retail market. Victory Securities is the first licensed corporation in Hong Kong approved by the Securities and Futures Commission to provide virtual asset trading and advisory services to retail investors. Previously, the cooperation between the two parties was only open to professional investors.

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