Do you want to be part of the Hong Kong financial markets?
Hong Kong has for several years been regarded as one of Asia’s leading financial centres. The abundance of skilled personnel, robust regulations, extensive access to international markets, conducive business environment and simple tax regime have established Hong Kong as Asia’s leading financial centre. As the financial markets hub, Hong Kong is also one of:
The world’s largest derivative warrants market;
Asia’s largest stock market in terms of market capitalisation;
The largest international capital raising centre for mainland enterprises; and
The economy outside Mainland China that is allowed to conduct Renminbi banking services, with the Closer Economic Partnership Arrangement ("CEPA").
If this is what you envision for your business - to have a part in this economy, then the next question is: do you need to read all the licensing rules and publications in order to compile the application forms/documents and ensure that your entity fulfills those criteria set by the Hong Kong Securities and Futures Commission ("SFC"), the Hong Kong Monetary Authority ("HKMA") and/or the Insurance Authority ("IA")?
We have developed three documents which set out an overview of the HKMA, SFC and IA licensing regime. Our regulatory professionals would be pleased to discuss with you how we may assist you in the application process.