For customers who already have a Hong Kong business background，Processing Hong Kong 149 related licensing arrangements is usually more cost-effective than outright acquisition；For those who want to get it quicklyHong Kong 149 licenseQualified Mainland Enterprises，Choose to acquire existing licensed entities，It is also a path worth evaluating。Whether through application or acquisition，The key is to accurately understand the license type、Asset requirements、Shareholder review and subsequent change reporting requirements。
Hong Kong 149 licenseCategory and core acquisition judgments
Hong Kong 149 license usually involvesHong Kong Securities and Futures Commissionin regulated activities1number plate、4number plateand9number plate。What needs special attention is that，Although it is often collectively referred to as "149" in the market,，but1number plateand9number plateIn practice, there are differences in business authority and business models，All items must be verified before acquisition。
- 1Number plates can be divided into broker mode and introducer mode，The "Big 1" usually refers to the brokerage business，"Xiao 1" usually refers to the introducer business。
- 9There are also differences in permissions on license plates，“Big 9” can hold client assets，And "Little 9" cannot hold customer assets。
- At the time of acquisition evaluation，License permissions must be verified、Business scope、Customer asset arrangements and historical operating conditions，Avoid misjudging the actual value of "big name" companies based on the standards of "small name" companies in Hong Kong，Or acquire licensed entities with insufficient authority at high prices。
Hong Kong 149 license acquisitionRequirements and key points of review by the Securities Regulatory Commission
The acquisition of Hong Kong 149 license is not a simple equity transaction。Involves control of licensed corporations、Shareholder background、Source of funds、When personnel and company structure change，All relevant materials need to be submitted to the Hong Kong Securities Regulatory Commission for review。The acquirer should prepare complete compliance documents in advance，To reduce approval delays and transaction uncertainty。
- Documents proving the source of shareholders’ funds need to be re-provided during the acquisition.，Including bank statements and various financial product statements for the previous year。
- It is necessary to prove that the shareholder’s assets are not less than HKD 5 million.。
- Personnel changes and company changes materials need to be submitted to the Hong Kong Securities and Futures Commission。
- Hong Kong Securities and Futures Commission will review takeover arrangements、Shareholder background、Sources of funds and compliance status of relevant licensed entities。
Factors affecting quantity and price of Hong Kong 149 license market
From the perspective of market supply and license value，Number of different types of license plates、Business accumulation、Asset size and compliance record，will directly affect the purchase price。As of the end of December 2017，Market related data include：There are 1,247 companies holding license No. 1，There are 1,291 companies holding No. 9 license plate，There are 1,477 companies holding license No. 4。
Generally speaking，More heavy assets、Business records are relatively complete、Licensed companies with clear compliance history，The price will be correspondingly higher。There are also some companies that just obtained licenses last year.，Not much actual business，Acquisition costs and subsequent integration difficulties are relatively different。Which target type to choose in the end?，Should depend on the acquirer’s business plan、financial strength、Licensing authority requirements and feasibility of approval by the Securities and Futures Commission of Hong Kong。
Hong Kong 149 license application conditions and application suggestions
Apply for Hong Kong 149 license，Whether it is a new application or the acquisition of an existing licensed entity，All preliminary assessments should be conducted around the following core conditions:：Shareholder asset capacity、Proof of source of funds、Qualifications of Directors and Responsible Officers、corporate governance structure、Compliance system、Business plans and risk control arrangements。
Hong Kong Information CommunicationHong Kong financial licenseExtensive experience in application and acquisition services，500 new Hong Kong financial license applications and acquisition cases have been processed。To assist applicants to launch financial business in Hong Kong faster，We can provide advice on the Hong Kong 149 license process、Related links to the Hong Kong Stock Exchange、Securities Information Arrangement、The asset management license time and Hong Kong 149 price provide clear judgment and executable plans。
If the company plans to apply for a Hong Kong 149 license、Evaluate acquisition targets or design Hong Kong financial business compliance structure，It is recommended to complete the license authority verification before transaction、Shareholder qualification assessment、Judgment of the CSRC’s review path and subsequent operating cost calculations。Hong Kong Xintong can provide enterprises withHong Kong No. 149 plate processing、Hong Kong No. 149 license plate acquisition and related compliance services。
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。
