Since June 2017，The regulatory power of various insurance companies in Hong Kong was transferred from the Insurance Regulatory Commission toHong Kong Insurance Authority，The approval process and standards will be adjusted accordingly。Hong Kong insurance has a wide range of categories、Known for its high loss ratio and other advantages，Attracting mainland customers to deploy on a large scale，This craze has lasted for ten years。For mainland investors who are not familiar with Hong Kong’s application policies，Acquisition of established Hong Kong insurance brokerage companies (i.e. license transfer) has become a common path。
Key points on the transfer of Hong Kong insurance brokerage companies
The core of the transfer of Hong Kong insurance brokerage companies isHong Kong Insurance Broker Licensetransfer。Hong Kong Insurance AuthorityRecognized professional qualification licenses are the basis for operation，Among them, Chief Executive, CE)’s professional abilities are particularly valued。As of the end of December last year，There are 759 authorized insurance brokers and 9,489 registered chief executives/business representatives in Hong Kong。If the CE is changed，The approval process is equivalent to that of a new application，Relevant insurance contracts also need to be re-signed。
Hong Kong insurance brokerage license application threshold
Before knowing the details of the transfer，It is necessary to first understand the basic threshold for applying for a license。First, you need to register the company in Hong Kong，and meet the following conditions：
- The company's net asset value and paid-up share capital are not less than HK$100,000.。
- Chief Executive Officer (CE) must be at least 21 years old。
Since each applicant’s specific situation is different，The specific application requirements vary.，I won’t go into details one by one here.。
Hong Kong Insurance Regulatory Authority Supervision Core
The Hong Kong Insurance Regulatory Authority is mainly concerned about two key issues:：First, integrity and legal operation，Second, solvency。These two points are the cornerstones of ensuring the continued compliance operations of insurance brokerage companies.。
Dividend advantages of Hong Kong insurance products
Different from the mainland，Insurance funds from Hong Kong insurance companies can be invested in money market funds worldwide、bonds、Global stocks and other investment channels，The investment channels for mainland insurance funds are relatively limited.。therefore，The advantage of Hong Kong insurance products in terms of dividends is very significant - after holding it for 30 years，Its dividend income can usually reach 2.5 times that of similar products in the mainland.。Hong Kong insurance brokerage company transfer activities are active，Closely related to this dividend advantage。
Hong Kong insurance broker license transfer fee
According to long-term market research，Currently, Hong Kong insurance brokerage companies on the market have widely varying qualifications for transfer targets.。Some targets have signed cooperation agreements with multiple insurance companies，Belongs to "signature card"；Some of them are "Qingshui Brand" that have not carried out actual business.。There is a huge difference in transfer fees for different types of licenses，Investors need to carefully evaluate based on their own business needs。
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。
