Guotai Junan International's official WeChat account published an article stating that according to the Hong Kong Securities and Futures Commission's circular on "Intermediaries Engaged in Tokenized Securities Activities," they have submitted relevant business plans for tokenized securities distribution and digital bond issuance, both of which have been confirmed by the regulatory authority with no further issues. It was noted that on January 21, 2025, Guotai Junan International submitted a wealth management business plan to the Hong Kong Securities and Futures Commission, intending to distribute tokenized securities or provide advice on tokenized securities to clients based on existing securities trading. The types of tokenized securities covered in the plan include structured products linked to various underlying assets (such as structured notes and over-the-counter derivatives), SFC-recognized and non-recognized funds, and bonds. The Hong Kong Securities and Futures Commission issued a confirmation email on May 7, 2025, indicating no further issues with the plan.