Hong Kong is one of the special administrative regions of my country，Have a high degree of economic freedom and policy openness。For mainland and cross-border financial institutions，Hong Kong is an important window connecting the international market，It is also a company that develops securities、Key platform for asset allocation and related financial services。Same as the mainland market，Carrying out regulated financial business in Hong Kong，Must hold corresponding qualifications in accordance with the law。The licenses regulated by the Hong Kong Securities and Futures Commission are divided into 9 categories，This article focuses onHong Kong No. 1 license applicationExplain。
Hong Kong License No. 1business scope
Hong Kong License No. 1 is also commonly known asHong Kong Securities Trading License，It is the type of license that Hong Kong securities companies mainly apply for when carrying out securities trading-related businesses.。Companies holding Hong Kong license No. 1，The following businesses can be carried out under the premise of compliance：
- Providing buying and selling of stocks and stock options to specific groups of people、Brokerage services；
- Buy and sell bonds；
- Buy or sell mutual funds and unit trust funds (investment funds)，and engages in the business of placing and underwriting securities，That is, an arrangement in which a securities issuer signs an agreement with an underwriting institution and assumes the sales risk.。
Hong Kong License No. 1 ApplicationDifficulty and market licensing situation
It is not easy to apply for Hong Kong No. 1 license。As demand for applications continues to increase，The Hong Kong Securities Regulatory Commission has also become stricter in its approval and issuance requirements for financial securities dealer licenses.。There are differences between individuals and organizations applying for Hong Kong No. 1 license，Before applying, an assessment must be made based on the actual conditions of the applicant.。
Judging from the number of licenses，The number of individuals holding Hong Kong No. 1 licenses has reached more than 30,000，Accounting for 44.17% of Type 9 licenses。As of 2016，There are less than 1,000 institutions holding Hong Kong securities trading licenses，Accounting for 25.23% of Type 9 licenses。It can be seen that，There are more licensees in Hong Kong’s Type 1 license，However, access and compliance requirements at the institutional level are still high.。
Hong Kong license number 1capital requirements
When applying for Hong Kong License No. 1，Capital requirements need to be judged based on the applicant’s business model and actual situation.。If the applicant is an approved agent or dealer，Its working capital requirement is not less than HK$500,000。
If the applicant unit provides securities margin financing services，There are higher requirements for both paid-in capital and working capital.：The paid-in capital must reach more than HK$10 million，The working capital must be above HK$3 million。
Personnel and application conditions for Hong Kong No. 1 license
The Hong Kong market implements a strict financial license management system。Normally，Enterprises applying for Hong Kong License No. 1 need to deploy more than 2 company executives，One of them will be appointed as Executive Director。Since the application process involves Hong Kong’s local regulatory policies、Business scope definition、Capital compliance and personnel qualification arrangements，Applicants sort out application requirements and procedures in advance，will be more conducive to improving overall application efficiency。
We recommend that companies start their application，Start with the business model、capital structure、Responsible personnel qualifications、Conduct systematic assessments on compliance systems and future operational arrangements.，Ensure application materials are consistent with regulatory requirements，thereby reducing the cost of repairs、Risk of delays or approval uncertainty。
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