Analysis of Deling Holdings (01709.HK) Stock Price Rise Triggered by Virtual Asset Trading Service Approval

The transaction activities related to the event occurred on December 31, 2025 (Hong Kong stock market trading day), and the original event recording time was January 1, 2026 (Hong Kong New Year holiday, market closed) [0].

1. Event Catalyst
   : Deling Securities, a subsidiary of Deling Holdings, received conditional approval from the Hong Kong SFC to provide virtual asset trading services to professional investors under a comprehensive account arrangement; the company has accepted the conditions proposed by the SFC and is advancing the final approval for the upgrade of its Type 4 (providing opinions on securities) regulated activity license [1].
2. Price and Volume Performance
   : The closing price on December 30, 2025, was HK$1.87; on December 31, it opened higher and rose to HK$2.13, with an increase of 14.42% and a turnover of HK$5.9768 million on that day [1][5].
3. Market Sentiment
   : Investors responded positively to the approval of the virtual asset business, with optimistic attitudes shown in social media and stock forum discussions [6].

1. Strategic Significance of Regulatory Approval
   : This approval makes Deling Holdings one of the few virtual asset trading service providers recognized by the Hong Kong SFC, allowing it to enter the high-growth virtual asset market under a compliant framework, reflecting the strategic progress of the company’s business diversification.
2. Reflection of Investor Expectations
   : The sharp rise in stock price reflects the market’s recognition of the company’s virtual asset business potential, especially against the backdrop of the gradual standardization of Hong Kong’s virtual asset market, where the competitive advantages of compliant institutions are prominent.

• Opportunities
  : Entering the compliant virtual asset trading field can expand the customer base of professional investors; the tightening regulation of Hong Kong’s virtual asset market provides clear development space for compliant institutions.
• Risks
  : Virtual asset trading services are limited to professional investors, restricting the size of the customer base; the company still needs to wait for the formal approval of the SFC before launching the business; the virtual asset market is highly volatile, which may affect the stability of the company’s performance [0][1].

Deling Holdings (01709.HK) experienced stock price movement due to its subsidiary receiving conditional approval for virtual asset trading services, reflecting the market’s positive expectations for its business expansion. It is necessary to continue to pay attention to whether the company successfully obtains formal approval, the progress of the virtual asset business, and the potential impact brought by the volatility of the virtual asset market.