Recently issued by the Securities and Futures Commission of Hong KongClass 9 license（asset Management) institution，In addition to internationally renowned funds，There are also many non-financial companies。For example，TCL Capital, a subsidiary of TCL Group (Hong Kong) Limited、Yuzhou Financial, which is related to Yuzhou Real Estate (01628), a Chinese real estate company that has invested in mid-level land in Hong Kong、As well as Shengyue Asset Management, which is indirectly held by China Fortune Financial (00290), etc.。
Hong Kong’s asset management advantages attract Chinese companies to settle in
Xu Zhaozhong pointed out，After years of development，Hong Kong Asset Management IndustryCertain advantages have been established in Asia，Attracting a large number of Chinese-funded enterprises to set up asset management companies in Hong Kong。The main business of the parent company of many of these companies is not finance.，However, with the advancement of internationalization and business globalization，The enterprise itself needs to carry out financial operations and asset allocation，Therefore, we directly set up an asset management company in Hong Kong.，more cost effective。
Take Lukfook Asset Management, a subsidiary of Lukfook Financial, as an example，Although the company is in its start-up stage，No fund products have been launched yet，but obtain9license plateMarking the expansion and normalization of the group’s asset management business，Facing the huge demand for diversified asset allocation among mainland investors。
This does not necessarily mean that the "Northern Water" will move southward in a big way
Xu Zhaozhong believes，In recent years, the China Securities Regulatory Commission has issued9number plateGreat increase in quantity，Mainly due to the huge increase in the number of companies applying for licenses，It is not a relaxation of the approval standards。but，He believes that the market conditions and trading volume of the Hong Kong stock market will still be sluggish this year.，Even though the number of institutions holding No. 9 license in Hong Kong has increased，However, in the context of mainland capital controls and the inability of the RMB to be freely convertible,，It is difficult for "Beishui" to flood in due to the large number of Chinese-funded institutions obtaining No. 9 license plates。
in the long run，"Beishui" has a strong willingness to come to Hong Kong for asset allocation，But the main premise is that Hong Kong must not only continue to strengthen its existing stock market，It is also necessary to develop more products in the bond market and commodity market，In order to further improve the efficiency of Hong Kong’s asset management industry。
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。
