Guotai Junan Surges 300% This Week on Crypto-Trading Approval

Guotai Junan International Holdings Ltd. shares are headed for their best week on record after the broker obtained regulatory approval to offer trading services of cryptocurrencies in Hong Kong.

The stock extended gains to a fourth day, bringing this week’s advance to nearly 300%. Shares jumped after the Hong Kong Securities and Futures Commission approved the company’s license upgrade that would enable its clients to directly trade virtual assets, including Bitcoin, Ether and stablecoins, on its platform.