Following Shanghai-Hong Kong Stock Connect、After the official launch of Shenzhen-Hong Kong Stock Connect，The interconnection between Hong Kong and mainland securities markets continues to deepen，Cross-border collaboration and market interaction in securities business continue to increase。In this context，Hong Kong License No. 1asHong Kong Securities and Futures CommissionOne of the top ten regulated activity licenses，Because of havingSecurities tradingFunction，long-term financial institutions、High attention from brokerage platforms and cross-border business teams。
Hong Kong’s No. 1 licenses rank among the top in terms of number of licenses held among the ten types of licenses。As of September 2016，The number of units holding Hong Kong No. 1 license reached 1,093，The number of licenses held under an individual’s name is 26125。to this day，Hong Kong License No. 1，That is, the application for a securities trading license，It is still a core compliance issue that many companies pay attention to when planning Hong Kong and international securities business.。
Business scope of Hong Kong No. 1 license
Before applying for Hong Kong License No. 1，Enterprises should first clarify the securities trading activities covered by the license。The business scope supported by Hong Kong License No. 1 mainly includes providing stock or stock option trading services to individuals.、Buying and selling bonds for individuals，and related services such as placing and underwriting securities。
For institutions planning to conduct securities trading business in Hong Kong，1The license plate is not only the basis for compliance operations，It is also an important threshold for enterprises to enter the Hong Kong capital market service system.。
Basic requirements for Hong Kong No. 1 license application
If the unit plans to apply to becomelicensed corporation，Usually you need to set up a company in Hong Kong first，The applicant can be a Hong Kong company，It can also be a non-Hong Kong company。The company is in the application process，It is necessary to focus on meeting the following basic requirements:：
- The applicant must have a suitable corporate structure，and match the proposed securities trading business。
- The company's business structure should be able to support the compliant operation of relevant regulated activities。
- Relevant personnel need to have risk control capabilities，and pass the corresponding tests。
- The company needs to have two or moreperson in charge，Supervision of regulated activities。
- The person in charge must be approved by the Securities and Futures Commission of Hong Kong。
- At least one responsible person must be an executive director specified by the Securities and Futures Commission of Hong Kong。
The above conditions are important prerequisites for applying for a Hong Kong No. 1 securities trading license.。For units applying for a license，Have a certain strength background，and meet the basic standards of paid-in capital and working capital.，It will help to improve the robustness and pass guarantee of the application.。
Audit requirements of the Securities and Futures Commission of Hong Kong
When the Hong Kong Securities and Futures Commission approves the application for Hong Kong No. 1 license，Will be reviewed across multiple dimensions，Include the applicant’s financial situation、Academic qualifications、Ability to carry out relevant activities、Character and overall compliance level, etc.。Applicants who meet the requirements，Before being issued with Hong Kong No. 1 license。
therefore，When companies are preparing to apply，The focus should not be solely on the submission itself，It is more important to systematically sort out the business model、Organizational structure、Responsible person qualifications、Capital Arrangement and Internal Risk Control System，Ensure that the overall application materials can fully reflect the licensed business capabilities。
The Compliance Value of Hong Kong License No. 1
Layout Hong Kong No. 1 License，Helps enterprises conduct securities trading business in compliance with regulations，It is also an institution with professional capabilities、An important reflection of capital strength and compliance governance level。After obtaining the license，All relevant business activities must strictly comply with the Securities and Futures Ordinance promulgated by the Hong Kong Securities and Futures Commission，Ensure continued business compliance、Steady operation。
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