Against the background of RMB depreciation and continued tightening of domestic supervision,，Mainland institutions and high-net-worth individuals have increasingly urgent needs for overseas asset allocation。Hong Kong as an international financial center，With a rigorous regulatory framework、Professional practitioners and diversified product system，It has become the first choice springboard for many investors to expand into overseas markets.。For mainland private equity funds and asset management companies，To carry out asset management business in compliance with regulations in Hong Kong，Obtained a Type 9 regulated activity license issued by the Hong Kong Securities and Futures Commission (SFC) - namely "9license plate”——is a crucial step。
According to statistics，Among the nearly 9,000 private equity investment fund managers currently registered in the mainland,，There are only 1,441 companies active in the market with a scale exceeding RMB 50 million.；If the fixed income strategy is used to break even the scale of 3 billion yuan、Other strategies use 500 million yuan as the benchmark，There are only 365 securities private equity firms that can truly break even or make sustained profits.。Faced with the “19 differentiation” and survival pressure in the local market，via Hong Kong、Going to sea with a license，It is becoming an extension of lifeline for more and more professional asset management institutions.、An important strategy for expanding international territory。
9Business scope of license plate
9The license plate isHong Kong Securities and Futures CommissionType 9 regulated activity license issued under the Securities and Futures Ordinance，Right nowAsset management license。Companies holding this license can engage in the following core businesses：
- bycarte blancheForm of managing a portfolio of securities or futures contracts for clients；
- Manage funds on a discretionary basis。
The core advantages of holding No. 9 license
Obtain license number 9，It means that the company has obtained a "pass" from the international capital market。Licensed institutions can not only directly participate in investment in various overseas assets，It can also manage and use the funds of overseas investors in accordance with the law.，Significantly improve the company's internationalization level and trustee management capabilities。For those who intend to establish a foothold in Hong Kong、For financial institutions radiating around the world，9The gold content and strategic value of the license are at the forefront of all major financial licenses.，It is often the best entry point for enterprises to deploy overseas asset management business.。
9Application qualification requirements for license
When the Hong Kong Securities and Futures Commission reviews the application for No. 9 license，The financial status of the applicant organization will be comprehensively evaluated.、Solvency、Qualifications and experience of key personnel，and whether the company has the ability to continue to carry out regulated activities。The applicant company must prove that it has a complete business structure、Good internal control system and appropriate personnel，To ensure that risks are properly managed and continued compliance with relevant legal and regulatory requirements。
Basic conditions at the institutional level
- Have clear business structure and operational processes；
- Establish a sound internal control and compliance system；
- Have sufficient financial resources to support the stable operation of the licensed business；
- Can prove that the company has sufficient understanding and response capabilities of risk management。
Specific requirements for personnel qualifications
Applicants for license No. 9 must be equipped with at least two key players：Responsible personandlicensed representative。The specific job requirements for the two categories of personnel are as follows:：
Responsible person
- Educational qualifications：Hold a university degree in a specified field (e.g. accounting、Business Administration、economy、finance or law)，Or hold other degrees and pass at least two subject examinations in the specified areas；
- Professional qualifications：If you hold the Chartered Financial Analyst (CFA)、Professional qualifications such as Certified Financial Planner (CFP) will be given priority；
- Industry experience：Have no less than 3 years of relevant industry experience in the past 6 years (experience in public funds is especially preferred)，And have more than 2 years of management experience；
- Exam requirements：Must pass Hong Kong Securities and Futures Practitioners Qualification Examination Paper 1 and Paper 6。
licensed representative
- Educational qualifications：Must take the Chinese Language Examination in the Hong Kong Secondary School Examination、Passed three subjects in English and Mathematics，Or possess equivalent academic qualifications (such as passing the public examination for university entrance)；
- Industry experience：Have no less than 5 years of relevant industry experience in the past 8 years (such as private equity companies, etc.)，And have more than 2 years of management experience；
- Exam requirements：Must pass Hong Kong Securities and Futures Practitioners Qualification Examination Paper 1。
Taken together，9The license is not only an authoritative endorsement of professional asset management capabilities，It is also a key hub for enterprises to connect the mainland and global capital markets.。For financial institutions and investment teams interested in expanding overseas business，Plan your license application path in advance、Equipped with qualified team，It is a necessary prerequisite for winning first-mover advantage on the international stage.。
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。
