Hong Kong is one of the special administrative regions of my country，Have a high degree of economic freedom and policy flexibility，It is also an important window connecting mainland enterprises with the international financial market.。If an enterprise plans to carry out securities and related financial businesses in Hong Kong，Must obtain corresponding licenses in accordance with Hong Kong regulatory system。Hong Kong Securities and Futures CommissionThere are 9 types of licenses regulated，inHong Kong License No. 1It is one of the common core licenses for securities companies and related financial institutions.。
Hong Kong License No. 1business scope
Hong Kong License No. 1 is also commonly known asHong Kong Securities Trading License，Mainly applicable to institutions planning to engage in securities trading-related businesses in Hong Kong。The company holding the license，The following businesses can be carried out within the scope of compliance：
- Providing trading of stocks and stock options to specific groups of people、Brokerage services；
- Buy and sell bonds；
- Buy or sell mutual funds and unit trust funds (investment funds)，and engaging in the business of placing and underwriting securities (i.e. the securities issuer signs an agreement with the underwriting agency，An arrangement in which the underwriting institution bears the sales risk)。
Difficulty in applying for Hong Kong No. 1 license and market licensing situation
It is not easy to apply for Hong Kong No. 1 license。As market application demand continues to increase，Hong Kong Securities and Futures CommissionThe approval standards for financial brokerage licenses are also becoming increasingly strict.。There are obvious differences between individuals and organizations applying for Hong Kong No. 1 license，Regulatory Review Focus、business structure requirements andcapital requirementsAll assessments need to be made based on the actual situation of the applicant.。
Judging from the number of licenses，The number of individuals holding Hong Kong No. 1 licenses has reached more than 30,000，Accounting for 44.17% of Type 9 licenses。And by 2016，Hold Hong KongSecurities trading licenseThere are less than 1,000 institutions，Accounting for 25.23% of Type 9 licenses。This data reflects，Hong Kong license No. 1 has a high frequency of use in the market，However, there are still certain thresholds for compliance access at the institutional level.。
Hong Kong license number 1capital requirements
When applying for Hong Kong License No. 1，Capital requirements need to be determined based on the business nature and actual operating model of the applicant institution.。If the applicant institution is an approved agent or dealer，Its working capital requirement is not less than HK$500,000。
If the applicant intends to provide securities margin financing services，The requirements for paid-in capital and working capital are higher，10 million Hong Kong dollars and more than 3 million Hong Kong dollars respectively.。Before the company prepares to apply，Capital allocation should be checked in advance、Whether the business plan and financial arrangements meet the review standards of the Hong Kong Securities and Futures Commission。
The core of Hong Kong License No. 1Application conditions
The Hong Kong market implements a strict financial license management system。Normally，Hong Kong License No. 1 ApplicationEnterprises are required to have more than 2 company executives，One of the executives will be appointed as executive director。Qualifications of relevant personnel、experience、Division of responsibilities and matching with business model，will affect the overall progress of the application。
Due to the differences between Hong Kong’s financial regulatory system and that of the Mainland,，Many applicants understand the policy、Relatively unfamiliar with material preparation and process arrangement。Before the company starts the application，Systematically review application requirements、capital requirements、Staffing and business scope，Ensure that the application plan has clear compliance logic and enforceability。
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。
