Compared with the mainland market，Hong Kong’s financial regulatory system、It has significant advantages in public trading markets and international capital connection capabilities.。Regulation of financial activities on the mainland has continued to become stricter in recent years.，More and more institutions choose to rely on the Hong Kong platform to connect with the international capital market。In this context，Hong Kong No. 1 plate acquisitionBecome one of the important ways to enter the Hong Kong securities market。
Hong Kong License No. 1It belongs to the largest number of licenses in the Hong Kong Securities and Futures Commission licensing system.。As of December 2017，The total number of Hong Kong No. 1 licenses issued by the Hong Kong Securities Regulatory Commission is 1,247。For institutions planning to enter the Hong Kong securities business through acquisitions，License transfer price、Business scope、Capital conditions and subsequent compliance obligations，are all core factors that must be evaluated in advance.。
The regulatory positioning andResponsible personRequire
In accordance with the current financial license management system in Hong Kong’s financial market，If any institution intends to engage in regulated financial activities，Each company must be equipped with 2 licensed persons in charge to supervise corresponding business activities.。On the premise that the job arrangement does not create a conflict of interest or conflict of responsibilities，The same responsible officer may be appointed to supervise more than one type of financial activity。
therefore，Whether you are newly applying for Hong Kong No. 1 license，Or obtain business qualifications through the acquisition of Hong Kong No. 1 license plate?，Organizations need to focus on reviewing responsible staffing、Past experience、Competency and matching degree with the business to be carried out。
Capital thresholds for application and acquisition of Hong Kong No. 1 license
Combine us inHong Kong financial licenseTen years of practical experience in the field of application，Hong Kong No. 1 license will present different application difficulties and difficulties depending on the specific business model.capital requirements。
- If the institution only acts as an introduction agent or securities firm to attract securities investors，Typically only a minimum liquidity requirement of HK$500,000 is required，Apply now。This typeHong Kong No. 1 plate applicationAlso commonly known as "Small No. 1"。
- If an institution applies for Hong Kong License No. 1 to provide securities margin financing services，You need to ensure paid capital of no less than HK$5 million，and a minimum working capital of HK$3 million。This type of license usually corresponds to the "larger No. 1 license plate"。
Recently，The number of cases of entering the Hong Kong securities market through the acquisition of Hong Kong No. 1 license plate has increased significantly.。Compared to applying from scratch，Acquisition path planning in time、It has certain practical appeal in terms of business undertaking and market entry.，However, the license status still needs to be checked、Responsible person、financial condition、Comprehensive due diligence on compliance records and acceptable business scope。
The focus of the CSRC’s review and considerations for the acquisition of Hong Kong’s No. 1 license plate
Eligible individuals and institutions，Materials can be submitted to the Securities and Futures Commission of Hong Kong，Apply for Hong Kong License No. 1。The China Securities Regulatory Commission usually determines the qualifications of the entity、Competence、Responsible person、Major shareholder qualifications、Evaluate financial situation and other aspects。
For those who are not familiar with Hong Kong regulatory policies、Application procedures and compliance standards for Mainland institutions，The acquisition of Hong Kong No. 1 plate has gradually become a more operational option。But acquisitions don’t mean they can bypass regulatory scrutiny，The transferee still needs to ensure its own structure、personnel、Capital and business plans comply with the requirements of the Securities and Futures Commission of Hong Kong。
Ongoing responsibilities and subsequent compliance requirements for Hong Kong financial licenses
Hong Kong financial license is valid for a long time，However, long-term effectiveness does not mean that you can let it run after you obtain it once.。Whether a license is obtained through a new application or the acquisition of Hong Kong No. 1 plate，Licensed institutions must continue to fulfill their compliance responsibilities，and comply withSecurities and Futures OrdinanceRelevant requirements in，Submit audited accounts and financial statements regularly。
Hong Kong Xintong has been focusing on Hong Kong financial license application and compliance services for ten years，Familiar with the application procedures for Hong Kong licenses No. 1 to 9，And always be guided by the actual business needs of customers，Provide licensing planning for organizations、Apply、One-stop support from acquisition due diligence to subsequent compliance maintenance。
To meet the diversified business development needs of different customers，We now offer 1、2、3、4、6、9A small number of current license transfer resources such as numbers，And transfer it at a price 20% lower than the market price。Please feel free to further communicate with Hong Kong Information Communications Consultants for details.。
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。
