According to Odaily, Hong Kong-based virtual asset management company Pan Du has received an important regulatory update. Its first-class (securities trading) and fourth-class (providing securities opinions) regulated businesses have been approved by the Hong Kong Securities and Exchange Commission. Pan Du is now authorized to offer distribution and investment advisory services for funds with a virtual asset investment ratio of more than 10%. This move represents a significant step for the company, allowing it to expand its services and reach a broader market1.