Guotai Junan International Soars Another 90%, Briefly Breaks HK$7 Barrier
TradingKey – Guotai Junan International (01788.HK) extended its explosive rally on Thursday, June 26, surging nearly 90% intraday to a high of HK$7.02, before sharply pulling back to around HK$4.42 at the time of writing.
Guotai Junan International Stock Chart – Source: TradingView.
The surge follows a 198% jump the previous day, after the company received regulatory approval from the Hong Kong Securities and Futures Commission (SFC) on June 24 to offer cryptocurrency trading services, including Bitcoin (BTC), Ethereum (ETH), and stablecoins.
The approval positions Guotai Junan International as one of the first traditional brokerages in Hong Kong to enter the regulated digital asset space, drawing comparisons to U.S. platforms like Robinhood. The firm had already been active in the crypto sector, offering virtual asset ETFs, tokenized securities, and digital bond issuance prior to this milestone.
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