With the fluctuations in the domestic capital market、Uncertainty about the future trend of the RMB exchange rate，Overseas asset allocation has gradually become the focus of Chinese high-net-worth clients，Investors hope to balance their asset allocation through overseas investment and other methods。Hong Kong as one of the financial centers in Asia，Maturity of the regulatory framework、Professional knowledge and product development, etc.，are at the forefront of the international financial market，It is the preferred platform for international investors to invest in Asia。
The Hong Kong market implements a financial license management system，Domestic private equity institutions want to expand into overseas financial markets，The first step is to obtain an independent Hong Kong license。According to Hong Kong regulatory requirements，There are 1-10 types of financial licenses，After holding a license，Financial institutions can conduct stock trading at the same time、financial derivatives、Trading in foreign exchange and gold。
in，9The license is a Type 9 regulated business qualification license issued by the Securities and Futures Ordinance of Hong Kong.，i.e. asset management license，After being approved to hold the license，Companies will be eligible to provide stocks to domestic and foreign institutions、fund、Bond and other investment portfolio management services。—What are the benefits of holding a No. 9 license?
Advantages
？
Hong Kong’s No. 9 brand has a very high gold content，For those who want to go out of the domestic market，For mainland private equity institutions entering the international market，Applying for Hong Kong No. 9 license is undoubtedly a very good choice。first，9License as a "passport" for overseas investment，Ownership means that private equity institutions can directly invest overseas，further expanded the scope of investment。
in addition，Compared with the domestic A-share market, the overseas financial market system is relatively rational and complete.，Provides a better investment environment for domestic private equity funds。Secondly，Holding a Type 9 license will attract more overseas investment for mainland private equity funds。Overseas investors generally have greater tolerance and discernment，Stricter screening of private equity firms，But because of this，Once selected, they are held for the long term，Has very good stability。
also，Overseas investors’ concerns about performance
Require
Also more tolerant：For example, domestic private equity funds must achieve positive returns and reach new highs before they can withdraw 20% of floating returns.；However, overseas investors only
Require
Private equity funds can withdraw profits if they outperform the reference index (generally the mainstream international stock index)，This will bring greater benefits to domestic private equity institutions。
again，Domestic private equity institutions usually need to set up companies overseas to facilitate investment，Generally a Cayman company，But if you set up a fund management company in Hong Kong at the same time，Due to Hong Kong’s strong tax
Advantages
，It will reduce the larger tax burden for investors；at last，The international market is full of opportunities and challenges，Private equity institutions can accumulate sufficient operational and investment experience by investing in overseas markets.，Cultivate a more mature management team and working model，Facilitate enterprises to improve competitiveness，Join the ranks of international asset management companies。
—So how to obtain the No. 9 license? For mainland enterprises, there are two ways to obtain the No. 9 license:，One is to register a company in Hong Kong and apply to the Securities and Futures Commission of Hong Kong.，The other is to acquire a company that has successfully applied for the No. 9 license to operate asset management，This will bring many conveniences to its development in Hong Kong and overseas.。
but for now，9Number plates are the most popular type of license for many mainland institutions.，It is not easy to apply for a No. 9 license。
The Securities and Futures Commission of Hong Kong has the following requirements for applying for a Type 9 license:
Require
：1. Company licensing
Require
(1) Overseas corporations must be incorporated in Hong Kong or registered with the Companies Registry；(2) Have a proper business structure、Good internal control system、Company personnel have certain qualifications and experience；(3) Good financial status and solvency，Minimum paid-up share capital HKD 5 million，Liquid capital is no less than HKD 3 million；(4) At least two responsible persons，At least one responsible officer must be a member of the board of directors，At least one responsible officer must be based in Hong Kong；2. Personnel Dealing
Require
根据小编获知，申请香港9号牌的流程虽然不难，需要准备的材料主要有业务规划书和公司基本信息，但由于内地私募管理人可能存在对香港法律业务不熟悉的情况，而且香港证监会对于办理9号牌照的公司负责人员的
Require
very strict，需要通过一系列的严格考试和资格审查，且证监会规定当负责人离开公司时，The company's No. 9 license was subsequently invalidated.，It is difficult to find licensed people in the market who are willing to leave their original company and enter a company that has not yet applied for a license.。
In addition, the China Securities Regulatory Commission is very strict on the issuance of licenses.，Time is also uncontrollable。therefore，Most private equity firms tend to use intermediaries to handle matters
Application process
，The required time is at least 6 months，Most private equity firms generally require 9-12 months。
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