Hong Kong Securities and Futures Commission:Legally acquire Hong Kong 149 license holders
The latest circular from the Securities and Futures Commission of Hong Kong states that,There are regulatory risks in obtaining a 149 license through the acquisition of licensed companies,May result in disciplinary action or even license revocation。Current licensed company prices soar,Applying from scratch is cheaper and gets approval faster。Mainland companies already control 13% of Hong Kong licensed corporations,China Securities Regulatory Commission strengthens review of inexperienced applicants。