Hong Kong No. 1 financial licenseIt is an important compliance basis for companies to carry out securities transactions and related financial services in Hong Kong.。Compared with mainland financial licenses，Hong Kong financial license in regulatory requirements、Personnel qualifications、More stringent internal controls and business plan review。Hong Kong is Asia’s major offshore and non-offshore financial center，With a mature regulatory structure、Complete public trading market and rich financial product system，Be at the forefront of the international financial market for a long time，Therefore, it has become a license resource that mainland capital focuses on when deploying cross-border financial businesses.。
Under the framework of one country, two systems，Hong Kong maintains a highly open international financial environment。More and more mainland institutions and investors hope to applyHong Kong 149 license，Carrying out securities and related financial businesses in Hong Kong，To connect with international capital through the Hong Kong market、Expand investment channels and establish a compliance management system。
Application conditions for Hong Kong No. 1 financial license
Apply for Hong Kong No. 1 financial license，The core is to prove to the Hong Kong Securities and Futures Commission that the applicant has a suitable business structure、Robust internal control mechanism、eligibleResponsible personand senior management team，and be able to carry out business as specified in the business plan，continued、Prudently manage related risks。
Companies should focus on assessing corporate governance before applying、Compliance system、Risk control、Staffing、Whether the capital arrangement and business model comply with the regulatory expectations of the Hong Kong Securities and Futures Commission。For institutions planning to enter the Hong Kong securities market，License application is not just a matter of document submission，Rather, it is a systematic review focusing on compliance management capabilities.。
The core advantages of Hong Kong’s financial market
The attractiveness of Hong Kong’s financial markets，Mainly reflected in the mature regulatory system、High market transparency、Diversification of financial products and facilitation of international capital flows, etc.。For mainland capital，Hong Kong has the open attributes of an international financial center，in law、tax、Provide a more flexible business environment for capital operations and cross-border business。
Because of this，Many domestic financial institutions are implementing financial market layout.，Priority will be given to Hong Kong as an international financial center，Carrying out securities through Hong Kong platform、Investment, financing and related financial services，and connect with a wider range of international investment opportunities within a compliance framework。
Big 1 number plateandSmall No. 1 platebusiness differences
Hong Kong’s No. 1 license plate is usually divided into “larger No. 1 plate” and “smaller No. 1 plate” in practice.，Both of them can carry out business within the scope of、There are obvious differences in the ways of handling customer assets and business models.。
Small No. 1 plate：Introducing clients and legal commissions
Small No. 1 license usually means that the customer cannot open an account with a licensed institution.、Cannot deposit funds、Cannot place orders directly，However, licensed institutions can legally obtain commission points。This type of business may exist in gray areas in the mainland，But in Hong Kong，As long as you obtain the small No. 1 license plate in accordance with the law，You can carry out relevant introduction and commission-sharing business within the regulatory framework。
For example，When the company does not have its own ordering system，Can cooperate with brokers，Introduce customers to the brokerage platform for transactions。Trading commissions incurred by customers on brokerage exchanges，Enterprises can share shares with securities firms according to cooperation arrangements。
Big 1 number plate：Securities brokerage and client asset related businesses
Big 1 license usually refers to securities brokerage business，Can hold client assets，and can carry out placement、Debt issuance、finance、Stock trading、stock options、FIT trading、Online transactions and other businesses，The business form is relatively similar to that of mainland securities companies.。
- Introduce and guide investors to securities firms，No. 1 license and receive rebates，Commonly known as small No. 1 plate。
- Become the No. 1 license for securities firms to carry out securities trading and capital allocation business，Commonly known as Big No. 1 brand。
Core considerations for Hong Kong No. 1 financial license application
The key points of the Hong Kong Securities Regulatory Commission’s review of No. 1 financial license applications，Usually focuses on competencies、Responsible person、senior managementand organizational structure, etc.。Applicants should complete the compliance architecture design in advance，and ensure that all key positions have clear responsibilities、Sufficiently qualified personnel、Internal system is enforceable。
- Competence：The applicant must satisfy the Securities and Futures Commission of Hong Kong that it has a suitable business structure、Good internal control system and qualified personnel，Sufficient to ensure that when carrying out the proposed business as described in the business plan，Ability to appropriately manage risks that may be faced。To assess the feasibility of license application，You can contact Hong Kong Information Communications Consultants for early diagnosis.。
- Responsible person：The applicant must appoint at least two responsible persons，direct supervision of the proposed regulated activity。In relation to the regulated activity applied for，There must be a responsible person who can supervise the relevant operations at all times。As long as the person appointed is a fit and proper person，And the relevant arrangements will not cause role conflicts，The same person can be appointed as a responsible officer for more than one type of regulated activity。
- senior management：Senior Management's Primary Responsibility，To ensure that licensed corporations can maintain appropriate standards of conduct，and follow appropriate procedures。The Securities and Futures Commission of Hong Kong believes that，Directors of licensed corporations、Responsible person，and individuals known as core functional leaders.，All fall within the scope of senior management；The above three types of positions can be held by the same person at the same time。When applying for a license，Core functional manager information and organizational chart must be provided，Management structure of licensed corporations，Including the appointment of core functional managers，Should be approved by the corporate board of directors。
Responsible personnel and executive director arrangements
Among the responsible officers to be appointed，There should be at least one executive director as defined in the Securities and Futures Ordinance，and become a responsible officer of the applicant corporation。When submitting your license application，Enterprises should submit all applications for approval of proposed responsible persons to the Securities and Futures Commission of Hong Kong at the same time，To facilitate simultaneous review and consideration by the Securities and Futures Commission of Hong Kong。
in practical operation，Responsible person’s experience、Past regulatory record、Proposed functions and compatibility with business plan，will affect the Hong Kong Securities Regulatory Commission’s judgment on the overall competency of the applicant.。therefore，Before the company starts the application，Staffing should be adequately planned，Avoid affecting the approval progress due to insufficient core personnel or unclear responsibilities.。
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About Hong Kong Xintong
Hong Kong Xintong International Business Co., Ltd. was established in 2007，Headquartered in Shenzhen，and in Shanghai、Hongkong、Taiwan、There is an office in Japan。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。
