With the Shanghai-Hong Kong Stock Connect、The opening of Shenzhen-Hong Kong Stock Connect，The interconnection between Hong Kong and mainland capital markets continues to deepen。More and more mainland companies are no longer limited to the mainland financial market，Instead, we will extend our business expansion goals to Hong Kong and overseas markets.。For those who plan to carry out securities trading in Hong Kong、For institutions with securities consulting and asset management related businesses，Hong Kong License No. 149It is an important compliance qualification for entering the regulated financial business system.。
The basic composition of Hong Kong license No. 149
Hong Kong License No. 149 is not a single license name，Rather, the marketHong Kong Securities and Futures CommissionCategory 1、Collective name for Type 4 and Type 9 regulated activity licenses，Generally regarded as the three core types of Hong Kong brokerage license portfolio。There are many types of regulated activities regulated by the Hong Kong Securities and Futures Commission，Category 1 of which、Category 4、Type 9 licenses are particularly widely used in securities and asset management businesses。
- Hong Kong License No. 1：Applicable to institutions engaged in securities trading business。
- Hong Kong license No. 4：Applicable to institutions providing securities advisory services。
- Hong Kong license number 9：Usually applied by asset management companies，Used to carry out asset management related businesses。
Core requirements for Hong Kong No. 149 license application
The Securities and Futures Commission of Hong Kong regulates Category 1、The application requirements for Type 4 and Type 9 licenses are not exactly the same，There are also differences in the difficulty of application。overall，The approval requirements for Hong Kong No. 149 license are strict，Meticulous process，The applicant organization needs to have a corporate structure、Capital strength、Staffing、Internal control and compliance management meet regulatory standards。
licensed corporationIt is usually necessary to set up a company in Hong Kong，and meet corresponding capital requirements。When applying for Hong Kong license No. 149，The minimum capital threshold for a licensed corporation is $5 million，And need to have liquidity of more than 3 million yuan，To prove that the company has the financial ability to continue operating and fulfill its regulated business obligations。
Requirements for responsible persons and executive directors of licensed corporations
Hong Kong No. 149 license application has clear requirements for management and responsible staffing。A licensed corporation must have at least two responsible persons，And at least one person in charge must be an executive director as required by the Securities and Futures Commission of Hong Kong.。The person in charge and executive directors not only need to have corresponding professional abilities，Also need to be able to undertake daily supervision、Risk control and compliance management responsibilities。
After meeting the basic conditions，Applicants still need to undergo comprehensive review by the Securities and Futures Commission of Hong Kong。In practice, we will focus on assisting companies to sort out their equity structures、business model、Resume of person in charge、Compliance system and financial resource arrangements，Ensure application materials fully respond to regulatory concerns。
Hong Kong Securities and Futures Commission review key points
Applicants can submit the application to the Hong Kong Securities and Futures Commission in person or by entrusting a professional agent with complete information.。The Hong Kong Securities and Futures Commission will assess whether applicants and applying institutions are qualified for licensing from multiple dimensions，including financial status、Solvency、Educational qualifications、Qualifications、Coordinate management capabilities、Factors such as credibility and character。
During the approval process, the Hong Kong Securities Regulatory Commission not only pays attention to whether the application materials are complete，Pay more attention to whether the applicant institution has genuine、Sustainable and compliant business operation capabilities。After being issued Hong Kong license No. 149，Licensed corporations still need to continue to be subject to supervision and review by the SFC。
Ongoing reporting and compliance obligations after licensing
After Hong Kong license No. 149 is approved，Licensed corporations need to perform subsequent reporting and ongoing compliance obligations in accordance with regulatory requirements。Within 1 month after issuance of license，Companies need to inform the Securities and Futures Commission of Hong Kong of their financial year end date。
Within 4 months after the end of the financial year，Licensed corporations are required to submit the company’s audited accounts and other required materials to the Securities and Futures Commission。at the same time，Companies are also required to submit financial resource declarations to the Securities and Futures Commission every month，To continuously demonstrate that its financial resources comply with regulatory requirements。
The value of Hong Kong license No. 149 lies not only in obtaining access qualifications，It is more about establishing long-term、Stablize、Auditable compliance management system。Before the company prepares to apply，Company structure should be planned in advance、capital arrangement、Responsible person configuration、Business process and continuous reporting mechanism，Avoid incomplete information、Insufficient personnel conditions or weak compliance systems affect the approval progress。
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。
