Hong Kong No. 9 License Application|11 measures for opening up the financial industry to the outside world

Hong Kong No. 9 License Application|The financial industry is open to the outside world. 11 applications for Hong Kong No. 9 license|11 central bank website messages for opening up the financial industry to the outside world，In order to implement the Party Central Committee's、The State Council’s Decisions and Arrangements on Further Expanding Opening to the Outside World，According to "it's better to go fast than slow"、"Sooner rather than later" principle，Based on in-depth research and evaluation，The following 11 measures for opening up the financial industry have been launched:：

1. When foreign-funded institutions are allowed to conduct credit rating business in China，Can rate all types of bonds in the interbank bond market and exchange bond market。
2. Encourage overseas financial institutions to participate in the establishment of、Invested in financial management subsidiaries of commercial banks。
3. Allow overseas asset management institutions to jointly establish financial management companies controlled by foreign parties with subsidiaries of Chinese banks or insurance companies。
4. Allow overseas financial institutions to invest and establish、Shareholding in pension management company。
5. Support foreign capital to establish wholly-owned or shareholding in currency brokerage companies。
6. The transition period for the increase in the foreign shareholding limit in personal insurance from 51% to 100%，Moved forward from 2021 to 2020。
7. Cancel the requirement that domestic insurance companies hold no less than 75% of the total shares of insurance asset management companies.，Allow foreign investors to hold more than 25% of shares。
8. Relaxation of entry requirements for foreign insurance companies，Cancel the 30-year operating period

Require

。

1. Securities companies originally scheduled to be canceled in 2021、The time limit for foreign shareholding ratios in fund management companies and futures companies will be advanced to 2020。
2. Allow foreign-funded institutions to obtain Class A lead underwriting licenses in the inter-bank bond market。
3. Further facilitate foreign institutional investors to invest in the interbank bond market。What changes will be brought about by the "11 measures for opening up the financial industry to the outside world"?

——It will be more convenient for foreign investors to invest. ——Foreign-funded pension management companies are coming. ——Foreign-controlled wealth management companies are coming. ——It will be easier for foreign insurance companies to come to China. ——It is expected to introduce more diversified life insurance products. ——Elevating "financing difficulties".、Financing is expensive" problem with the introduction of Article 11，Various types of licenses in Hong Kong will also continue to heat up，Among them, No. 9 license plate will be the most。

Mainland China carries out relevant business activities in Hong Kong，Like local investors in Hong Kong, they need to obtain the corresponding business qualification licenses，Hong Kong license No. 9 application has become one of the licenses that mainlanders have been competing to apply for in recent years.。So，What kind of business can be operated with Hong Kong License No. 9? License No. 9：Provide asset management and manage securities or futures contract investment portfolios for clients on a discretionary basis. Manage funds on a discretionary basis. What are the benefits of holding No. 9 license plate?

Advantages

？

9The license is a Type 9 regulated business qualification license issued by the Securities and Futures Ordinance of Hong Kong.,i.e. asset management license。Hold this license,It means that you have obtained a "pass-pass" in the international capital market.,Not only can you directly participate in overseas investments,,It can also manage and utilize funds from overseas investors。dealing cards

Require

What are the main factors to consider?

Mainly consider the company's financial status and solvency、Qualifications and experience of company personnel，and whether the company has the ability to conduct regulated activities。

Require

The company must demonstrate that it has an appropriate business structure、Good internal control systems and qualified personnel，To ensure proper risk management and compliance with relevant rules and regulations。What are the personnel

Require

? 2 persons：Responsible officers and licensed representatives。

Responsible person：

Require

Hold a university degree in a specified field (e.g. accounting、Business Administration、economy、Finance and Law) or other degree (and pass the examination in at least two specified subjects)；Professional qualifications (e.g. Chartered Financial Analyst、Certified financial planner, etc.) with at least 3 years of engagement in related industries (recommended for public fund companies) in the past 6 years and more than 2 years of management experience Hong Kong Securities and Futures Practitioners Qualification Examination - Papers 1 and 6 - Qualified Licensed Representative：

Require

Passed the Chinese/English + Mathematics examination in Hong Kong or equivalent (high school public examination such as university entrance examination). In the past 8 years, at least 5 years have been engaged in related industries (some private equity companies are enough). More than 2 years of management experience. Overall, passed the Hong Kong Securities and Futures Practitioners Qualification Examination.，9The gold content of number plates is very high。

For companies that want to expand into overseas financial markets，9Number plate is undoubtedly the first choice。

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。