Zhonghe Credit Suisse, a subsidiary of Golden Sunflower Capital, has previously been approved by the Hong Kong Securities Regulatory Commission.，obtainHong Kong No. 1、4、9Class regulated activity license。passHong Kong No. 149 license application，China Credit Suisse uses Hong Kong as a platform to connect with international capital markets，and promote the export of domestic assets overseas through compliance channels.。
This case reflects two clear trends：on the one hand，Mainland China’s total wealth continues to grow，Investors have put forward higher requirements for global asset allocation；on the other hand，The “Belt and Road” strategy continues to promote companies to accelerate overseas deployment，Hong Kong financial licenseTherefore, it has become an important compliance portal for mainland institutions to expand cross-border financial business.。
Hong Kong License No. 149Core requirements for processing
recent years，Hong Kong No. 149 license application requirements have become a requirement for mainland financial institutions、Matters of great concern to wealth management companies and asset management teams。Different from the mainland financial license application mechanism，Hong Kong implements financial license management system，And use the Securities and Futures Ordinance as the main regulatory basis。Among the 10 types of regulated activity licenses regulated by the Hong Kong Securities and Futures Commission，1st、4、9Class licenses are the type of licenses with high market demand.。
When applying for Hong Kong license No. 149，The applicant usually needs to have two corresponding licensed persons in charge.，即Responsible Officer，RO for short。In the mainland market, he is often understood as a risk control officer or core compliance officer.，But under Hong Kong’s regulatory system，RO is responsible for the supervision of regulated businesses、Governance and Compliance Responsibilities。
Licensed Responsible Person ROKey points for qualification review
For mainland applicants，Finding and deploying the right licensed responsible person is not easy。RO does not need to be an ordinary manager to serve as RO，Compliance licensees usually need to pass relevant tests recognized by the Hong Kong Securities and Futures Commission，and in a university degree background、Industry experience and management experience to meet regulatory requirements。
Many mainland applicants encounter obstacles in the process of applying for Hong Kong No. 149 license，The core difficulty is often concentrated in RO configuration、Business model description、Establishment of internal control system and supervisory communication, etc.。Hong Kong Xintong has long-term connection with local compliance resources in Hong Kong，Accumulated resources and practical experience for various types of licensed persons in charge，Ability to assist customers in improving application efficiency，And reduce the risk of approval caused by insufficient materials or unclear structure。
Hong Kong No. 149 license application entities and compliance conditions
After solving the configuration of the licensed person in charge，Hong Kong No. 149 license also needs to meet the following basic requirements:：
- The applicant must be a Hong Kong company，or an overseas corporation established in Hong Kong；
- Applicants must self-certify that they have a business structure and internal control system that is satisfactory to the Securities and Futures Commission of Hong Kong.；
- Applicants must have a stable financial situation。
Under Hong Kong regulatory requirements，Each type of regulated license usually requires 2 ROs。but，In Hong Kong license package No. 149，Individual licenses can share the same RO。therefore，Apply for No. 1、4、9Class licenses do not necessarily require 6 licensed responsible persons，Subject to regulatory arrangements，Only 3 licensed persons in charge can carry out relevant business normally.。
Practical suggestions for mainland institutions to apply for Hong Kong No. 149 licenses
If mainland institutions have any concerns about Hong Kong’s financial license policy、Lack of full understanding of the CSRC’s approval logic and local compliance requirements，Submitting an application blindly can easily lead to repeated submissions.、Delay in approval or even blocking of application。Hong Kong No. 149 license application is not only about submitting materials，More about business positioning、Equity structure、Staffing、internal control system、Financial capabilities and regulatory inquiry response and many other professional tasks。
Hong Kong Xintong has ten years of experience in assisting mainland investment companies to obtain Hong Kong business qualifications，Can provide customers with Hong Kong license No. 149 application、Agent、transfer、Acquisition and other comprehensive services，and supports the 1st、2、3、4、6、9Business consultation related to license plates。If you have application requirements for Hong Kong No. 149 license、Still have questions about RO configuration or license path?，Welcome to further communicate with us。
About Hong Kong Xintong
Hong Kong Xintong focuses onHong Kong Securities and Futures Commission license、Hong Kong Insurance Broker License、Hong Kong MSO Licenseandmoneylenders licenseApply for service，Assist customers to applyUS MSB license、NFA、RIA、Canadian MSB license、Mainstream overseas financial licenses such as Australia and Mexico，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableCayman Islands Offshore Company Registration、Offshore fund establishment and global compliance operations and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。
