In order to implement the decision-making arrangements for further expanding opening up to the outside world,，Based on in-depth research and assessment, the central bank，The following 11 measures for opening up the financial industry have been launched:：
- 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。
- Encourage overseas financial institutions to participate in the establishment of、Invested in financial management subsidiaries of commercial banks。
- allowed overseasasset ManagementInstitutions jointly establish financial management companies controlled by foreign parties with subsidiaries of Chinese banks or insurance companies。
- Allow overseas financial institutions to invest and establish、Shareholding in pension management company。
- Support foreign capital to establish wholly-owned or shareholding in currency brokerage companies。
- The transition period for the increase in the foreign shareholding limit in personal insurance from 51% to 100%，Moved forward from 2021 to 2020。
- 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。
- Relaxation of entry requirements for foreign insurance companies，Cancel the 30-year operating life requirement。
- 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。
- Allow foreign-funded institutions to obtain Class A lead underwriting licenses in the inter-bank bond market。
- Further facilitate foreign institutional investors to invest in the interbank bond market。
"11 measures for opening up the financial industry to the outside world" will bring about a series of changes：
- Investment is more convenient for overseas investors
- Foreign pension management companies are coming
- Financial management companies controlled by foreign parties are coming
- It is easier for foreign insurance companies to come to China
- It is expected to introduce more diversified life insurance products
- Alleviating “Financing Difficulties”、"Financing is expensive" problem
With the launch of Article 11，Various types of licenses in Hong Kong will also continue to heat up，Among them are9license platemost prominent。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 number 9In recent years, it has become one of the licenses that mainlanders are competing to apply for.。
9Business scope of license plate
9The license allows licensed institutions to provide the following asset management services：
- Manage securities or futures contract investment portfolios for clients on a discretionary basis
- Manage funds on a discretionary basis
9Advantages of license plate
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 obtaining a "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。
licensing requirements
Licensing mainly considers the company's financial status and solvency、Qualifications and experience of company personnel，and whether the company has the ability to conduct regulated activities。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。
Personnel requirements
Personnel requirements includeResponsible personand licensed representatives。
Responsible personnel requirements
- Hold a university degree in a specified field (e.g. accounting、Business Administration、economy、Finance and Legal)，or other degree and have passed the examination in at least two subjects in the specified areas；or hold a professional qualification (e.g. Chartered Financial Analyst、Certified Financial Planner, etc.)
- Have been engaged in related industries for at least 3 years in the past 6 years (recommended for public equity fund companies)，Have more than 2 years of management experience
- Passed Hong Kong Securities and Futures Practitioners Qualification Examination Papers 1 and 6
Licensed Representative Requirements
- Passed the Chinese/English and Mathematics examinations in the Hong Kong Certificate of Education Examination，or equivalent qualification (such as high school public examination or university entrance examination)
- Have been engaged in a related industry (e.g. private equity firm) for at least 5 of the past 8 years，Have more than 2 years of management experience
- Passed Hong Kong Securities and Futures Practitioner Qualification Examination Paper 1
in general，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。
