Recently，Lead Technology passed the application to the Securities and Futures Commission of Hong Kong (SFC) Submit application materials and complete multiple rounds of communication，Successfully obtained the official approval of Hong Kong No. 1 license。February this year，The company has obtainedHong Kong license number 9。As demand for cross-border asset management continues to grow，More and more institutions are beginning to deploy Hong Kong No. 9 license。new applicationandAcquisition and transferThere are two ways to obtain a license plate，both in time、Significant differences in costs and procedures。This article will focus on the core role of Hong Kong License No. 9、The main differences between application and transfer and licensingEligibility requirements。
The core role of Hong Kong License No. 9
Hong Kong license No. 9 is issued by SFC，Corresponding to Type 9 regulated activity under the Securities and Futures Ordinance - providing asset management。Hold this license，Institutions can provide clients with discretionary asset management services，Includes portfolio management、Securities and futures contract management, etc.。Its function is equivalent to the mainland asset management license，Licensed companies can issue and manage private equity products in accordance with the law；After meeting higher compliance standards，Can also manage public funds。The Hong Kong Securities and Futures Commission delimits the service scope of licensed institutions accordingly.，The industry often uses "big brands" and "small brands" to distinguish whether they can serve retail customers or only professional investors.。
Whether it is a mainland enterprise or a local Hong Kong institution,，If you want to coordinate asset allocation for clients、Layout global assets，All applicants must complete the Hong Kong No. 9 license application，Or obtain the No. 9 license transfer target through acquisition。The following is a detailed comparison of the two methods.。
The core differences between Hong Kong No. 9 license application and acquisition
Although mergers and acquisitions are common in the market，But not applicable to all businesses。following from time、price、Compare the three dimensions of the process。
time comparison
The approval logic is different from that of mainland financial licenses.，The cycle for newly applying for Hong Kong No. 9 license may not be longer than that of acquisition and transfer.。When shareholders of the acquisition target company、Responsible person(RO) and licensed representative changes，SFC needs to re-examine the qualifications of new and old shareholders、Overall company qualifications，and require an asset report to be submitted、A large number of documents such as bank statements。If the quality of the transferred object is not high enough，It is often easier to apply directly。
price comparison
To set up a Hong Kong company, you need to appoint a secretarial company and rent the actual office space.，To apply for the No. 9 license, you must also hire sufficient licensed responsible personnel.，These are all upfront investment costs。even so，The total cost of new applications is still generally lower than that of direct acquisitions。One of the cleanest ones currently on the market、Hong Kong No. 9 license with no historical liabilities，The transfer price has climbed to around HK$3 million。
Process comparison
The procedures for the two paths are different，But after entering the formal review stage，There is no significant difference in the actual processing time of SFC。The choice of an enterprise depends more on its own time urgency、Budget arrangements and whether there are suitable acquisition targets。
Eligibility requirements for applying for Hong Kong Type 9 license
New applications for Hong Kong No. 9 license must meet the following core conditions:：
- Company registration requirements：You must first register a Hong Kong company，And ensure that the business scope includes asset management categories。If it is an overseas company in Hong Kong，Plans to directly engage in asset management business in Hong Kong，You must first go to the Company Registry to register，No. 9 license application can be submitted。
- Corporate structure requirements：9The license represents the interests of investors，SFC requires applicants to have a good corporate governance structure，Establish a comprehensive set of internal controls covering、Risk management and compliance assurance system，Ensure that investors’ interests are not violated。
- Responsible personnel requirements：The SFC requires companies to employ a sufficient number of qualified responsible officers (ROs)。The primary responsibility of the responsible officer is to oversee the day-to-day operations of the company，And regularly report operations to SFC。The assessment dimensions of RO mainly include academic background、Industry experience、Management experience and regulatory knowledge。
Choose professional services，Accelerate the implementation of license plates
Hong Kong Xintong has solid practical capabilities and rich project experience in the field of Hong Kong financial license application，Assisted clients to complete more than 800 new application and acquisition cases in total。In order to allow enterprises to start Hong Kong financial business faster，We have also reserved a number of high-quality Hong Kong financial license targets，Available for direct transfer。If you need to know more about the specific matters of Hong Kong No. 9 license application and acquisition and transfer，Welcome to call directly，Communicate one-on-one with us。
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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。
