PANews reported on November 30 that Eddid Financial, a Hong Kong financial group, officially announced that its wholly-owned subsidiary in Singapore, Eddid Financial Singapore Pte. Ltd., has received approval in principle from the Monetary Authority of Singapore (MAS) for its capital markets services license application. After the license is officially approved, it can provide clients with capital markets product transactions, product financing, custody services, etc. Eddid Financial said that in the future it will actively expand its local business to virtual assets, corporate financing and fund management, and will set up an office in Singapore.