MAS Issues CMS License To Doo Financial’s Subsidiary DCM
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Doo Group has secured a Capital Markets Services license for Doo Capital Market Ltd, its subsidiary. This license was issued by the Monetary Authority of Singapore. Doo Group is a well-known brokerage company focusing in the Far East. The firm has currently expanded its business operations in Singapore.
The group has also recently attained a Type 1 license from the Securities and Futures Commission in Hong Kong. This signifies a significant expansion phase for the organization.
The Monetary Authority of Singapore issued a CMS101428 license to Doo Capital Market, enabling them to conduct financial services as mandated by the 2001 Securities and Futures Act. The financial services stated above include of interaction in capital markets, product financing, and custodial operations.
Doo Group Seeks To Expand Its Global Presence In Key Financial Markets
It also augments its portfolio of services in the sternly competitive financial service sector. The group’s acquisition of a CMS license in Singapore underscores its commitment to growth in the financial services industry.
This license not only improves DCM’s position in Singapore’s financial sector but also opens doors for new expansion, enhancing Doo Group’s future growth and diversification of its offerings.
Moreover, with this license, the Group’s dedication to providing superior financial service mirrors its strategic expansion in Singapore. it also showcases its undying goal of broadening its presence internationally.
By obtaining the CMS license, Doo Group is in a favorable position to adapt to the evolving needs of its customers and stay competitive in the global financial sector. This is due to its solid presence in Asia and expanding to Europe and beyond.
DCM Is Licensed To Provide Financial Advisory Services
Furthermore, DCM is authorized to offer financial advisory services such as generating reports or analyses on proclaimed products. The firm can also recommend investment product options as mandated by the 2001 Financial Advisers Act.
The decision to explore the Singapore market taken by the Doo Group signifies a significant step forward in its plan to establish a presence in major financial centers.
With the acquisition of the CMS license, DCM has become a key player in the sector’s capital markets. The license enables the company to solely operate in exchange-traded derivatives securities and contracts.
Doo Group, under the direction of Chinese national Junjie Chen, has been actively working towards expanding and developing its global presence.
The significant shift is possible through licensed subsidiaries in key markets like Hong Kong, Australia, and the US alongside offshore subsidiaries in Vanuatu, Mauritius, and Seychelles. Recent strategic shift by the group and senior appointments in Cyprus signify their focus on the European Union market.
