Garden Stage (GSIW)

Its core activities include securities dealing and brokerage, placing and underwriting, securities advisory, and asset management. I Win Securities is licensed by the Hong Kong Securities and Futures Commission to conduct Type 1 regulated activity, covering dealing in securities. Through this unit, Garden Stage can execute securities transactions and support brokerage-related client services. The company also participates in placing and underwriting work, helping issuers distribute shares or other securities to investors in connection with fundraising and capital market transactions.

A second subsidiary, I Win Asset Management, is licensed for Type 4 and Type 9 regulated activities under Hong Kong’s Securities and Futures Ordinance. These permissions allow the firm to advise on securities and manage investment assets for clients. This positions Garden Stage within Hong Kong’s regulated financial services sector, where licensing, compliance controls, and market access are central to operations.

Garden Stage’s business is tied to activity levels in Hong Kong’s equity and fundraising markets, investor demand for brokerage and advisory services, and the competitive landscape among local and regional financial intermediaries. As a listed company, it offers public market exposure to a small financial services platform focused on securities market participation and asset management rather than commercial banking or insurance.