Hong Kong SFC License 4: advise on securities

1.Hong Kong SFC License 4 business

License 4: advise on securities

Provide investment advice to clients on the sale or purchase of securities

Issue research reports or analyses of securities

2.Hong Kong SFC License 4 requires conditions

The application conditions of no. 4 License in Hong Kong are mainly formulated in accordance with the relevant requirements of the Hong Kong securities and futures commission. According to our practical application experience of FW License, the following are summarized:

1. There should be at least two heads of the organization.The person in charge should have relevant industry qualification certificate or five years of relevant industry experience.

2. Registered capital and working capital shall meet the corresponding requirements for the application of Hong Kong no. 4 license.

3. The main body of the company should be a Hong Kong company or a foreign company registered in the Hong Kong registry.

4. The company should have a good business structure and be able to reasonably deal with risks and crises in the business operation.

5. Corresponding directors and responsible personnel are required.

Requirements on the applicant's capital:

(a) if the institution advises on the securities subject to licensing conditions that do not allow it to hold client assets: a minimum working capital of hk $100,000 is required

(b) other circumstances: the minimum amount of fully paid-up capital is hk $5 million and the minimum amount of working capital is hk $3 million

3.How to apply or buy SFC License 4

There are generally two options for holding a Hong Kong SFC 4 license:

3.1.Apply for a Hong Kong license through the securities and futures commission (SFC);

3.2.It is a direct acquisition of a licensed company

I. procedures for purchasing Hong Kong no. 4 license:

1. Prepare application materials that meet the above requirements.

2. Submit the materials to SFC.(mainly investigate the company's personnel, financial situation, ability to fulfill obligations and soundness)

3, after the licensing, also need to submit the relevant financial resources declaration form every month.

II. Application process for Hong Kong no. 4 license:

1. Supplementary conditions: when RO, fund and Hong Kong company are in place, application can be submitted to Hong Kong securities regulatory bureau;

2. Submission of materials: submit the materials related to the application conditions to the acceptance department and submit the application;

3. Audit stage: the SFC shall conduct the audit mainly from the financial situation, personnel qualifications and reputation of the enterprise;

4. License issuance: the SFC issues the Hong Kong no. 3 license for qualified units.

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4.Application or purchase of license fee

4.1 application fee

4.2 license purchase fee