The financial industry has undergone dramatic changes this year，Many mainland companies are accelerating their layoutHK financial license。in，Hong Kong License No. 1 Application：Requirements from the person in charge、Capital Allocation and Process Key Points，i.e. securities trading license，Become one of the most popular licenses in the market。Mainland banks、private placement、Insurance、Trusts and other institutions，In order to expand international financial asset allocation capabilities，Continue to increase enthusiasm for applications and acquisitions。In order to speed up business implementation, some large institutions，Even acquire 1 in one go through mergers and acquisitions、4、9license plate。
Hong Kong No. 1 plateIt is a core license among the 10 types of regulated financial licenses in Hong Kong，The main function is to allow licensed brokers to open securities accounts for customers，and carry out securities trading related businesses。For plans to enter the Hong Kong capital market、For institutions that build cross-border financial service systems，Hong Kong No. 1 plate has important strategic value。
July this year，Taikang officially completed the Hong Kong No. 1 license plate application process。This means that Taikang Asset Management Co., Ltd. is deploying more diversified international financial assets.、A clear step forward in providing customers with better services。Around Hong Kong No. 1 plate application，What companies are most concerned about usually include the applicant、Admission conditions、Hong Kong No. 1 plate acquisition：capital threshold、Responsible Personnel and Ongoing Compliance RequirementsConfiguration、风控体系以及Securities Regulatory Commissionreview process。
Can mainland companies directly apply for Hong Kong No. 1 license?
Mainland companies cannot directly apply for Hong Kong No. 1 license。Based on the handling requirements and practical experience of the Hong Kong Securities and Futures Commission (SFC)，To apply for Hong Kong No. 1 license, you usually need to establish a Hong Kong company first.，Or after the overseas institution completes registration at the Hong Kong Registry，Then submit an application to the China Securities Regulatory Commission with an entity that meets the requirements.。
Take the case of Shanghai Trust applying for a Hong Kong financial license，Shanghai Trust established a wholly-owned subsidiary in Hong Kong - Shanghai Trust Hong Kong，And apply for Hong Kong No. 4 and No. 9 licenses with Hong Kong as the subject.。For mainland enterprises，If you need to smoothly advance the application for Hong Kong No. 1 plate，It is usually easier to establish an independent subsidiary in Hong Kong、Data preparation、Staffing and subsequent compliance operations。
Hong Kong No. 1 plate application requirements
Completing company registration at the Hong Kong Registrar is just the first step。Hong Kong No. 1 license application also involves corporate governance、internal control、Personnel qualifications、Various requirements such as financial capabilities and compliance systems，The overall review standards are stricter。
- The applicant must be a company incorporated in Hong Kong，Or an overseas institution that has completed registration in Hong Kong。
- The company needs to establish a good risk control system，Ability to effectively manage risks related to securities trading business。
- The company needs to appoint at least two responsible persons，Supervise and manage the company’s regulated business activities。
- The qualifications of the responsible person need to be reviewed by the Hong Kong Securities and Futures Commission，Only after passing the review can the application for Hong Kong No. 1 plate be processed.。
- The responsible person should preferably have a professional qualification recognized by the China Securities Regulatory Commission，For example CFA、FRM、Professional examination qualifications such as FCCA and CPA。
Requirements for the person responsible for Hong Kong No. 1 plate
The responsible person is the key review point in Hong Kong No. 1 license plate application。The China Securities Regulatory Commission will focus on reviewing their academic background.、Qualifications、Past compliance record、Business management experience and sufficient ability to supervise relevant regulated activities。
If there is insufficient staffing in charge、Insufficient reserve of individual licensed personnel，or the qualifications of the relevant personnel do not match the business to be carried out，All may affect the application progress。Before the company formally submits the application，The selection of responsible personnel should be completed in advance、Qualification assessment and material sorting，Reduce the risk of subsequent replacement parts and inquiries。
Hong Kong No. 1 plate application process
Hong Kong’s financial regulatory system has high recognition in the international market，Therefore, the China Securities Regulatory Commission has strict standards when reviewing financial license applications.。The core process of Hong Kong No. 1 plate application，Submit complete application materials to the China Securities Regulatory Commission，and for the company’s shareholders、business model、Responsible person、Detailed explanations of matters such as risk control systems and financial capabilities。
- Determine the applicant，Complete Hong Kong company registration or overseas institution registration at the Hong Kong Registry。
- Clarify business scope and business model，Confirm whether it meets the regulated activity requirements of Hong Kong License No. 1。
- Arrange at least two responsible personnel，and prepare relevant qualifications、Practical experience and professional qualification documents。
- Establish internal compliance、Risk control、Anti-Money Laundering and Corporate Governance System。
- Organize shareholder background、Company structure、Application materials such as financial status and solvency。
- Submit an application to the Securities and Futures Commission of Hong Kong，and provide additional explanations based on inquiries from the China Securities Regulatory Commission.。
- After completing the responsible personnel review and overall company compliance review，Obtained Hong Kong License No. 1。
If the company is in financial condition、Solvency、Personnel qualifications、Qualifications、There are problems with risk control capabilities or credit endorsements，All may lead to a significant extension of the Hong Kong No. 1 license plate application cycle.。therefore，Plan design and material pre-review before application are very critical。
Advice on application and acquisition of Hong Kong No. 1 plate
For companies that want to quickly enter the Hong Kong securities business market，Hong Kong No. 1 plate can be obtained through a new application method，Acquisition paths can also be evaluated based on actual needs。Two ways in the cycle、cost、Compliance due diligence、There are differences in subsequent changes and regulatory communications.，Enterprises should combine business urgency、Team configuration、Comprehensive judgment on funding arrangements and regulatory feasibility。
In the long-term process of docking with the Hong Kong Securities Regulatory Commission，We have accumulated a large amount of processing resources。In response to the lack of responsible personnel、Lack of individual licensed personnel、Not sure how to register a Hong Kong company、Customers who are not sure what type of Hong Kong company to register，We can customize a complete set of solutions according to specific circumstances。If companies need to learn more about the Hong Kong No. 1 license application and acquisition-related matters，You can directly contact Hong Kong ICT consultants for in-depth communication。
About Hong Kong Xintong
GXT-HKComposed of professional teams from mainland China and Hong Kong，Focus on providing global company registration、Financial license application、Bank account opening、One-stop cross-border services such as tax financial planning and compliance consulting，Core covers Hong Kong MSO license、Hong Kong Insurance Brokers and Hong Kong Money Lenders Licenses、US MSB license、Hong Kong 149 license、9license plate，Helping enterprises to go overseas efficiently and compliantly，Steady global layout。
