CLSA Premium, a Hong Kong-based currency broker, disclosed at its annual general meeting on Friday that it had decided to suspend the operations of its margin trading business, which includes the group's margin trading and bullion trading operations.

Clsa explained that the group's board sees limited prospects for margin trading in terms of acquiring new clients and improving performance.

In addition, the group noted that the healthcare business launched in mid-2022 had generally achieved positive results, contributing the majority of the group's revenue and profit in the first quarter of 2023.

In light of this, the Board believes that the resources and efforts deployed in the margin trading business may be better used in the healthcare business.

In addition, trading in CLSA shares has been suspended from 9am on 25 April 2023 and will remain suspended until further notice.

Last September, CLSA had decided to suspend its Australian operations, citing continued losses and an uncertain outlook.