Faced with tighter financial regulation、In the context of economic globalization，Domestic companies are also actively seeking overseas investment，In recent years, with the opening of two securities interoperability mechanisms, Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect,，The securities sector becomes increasingly active。

香港与大陆之间的关系日益紧密，两地都渴望拓宽市场，Hong Kong is relatively open to the outside world，内地企业企图通过申请香港149号牌照来获得在香港开展金融证券业务的可能，

Hong Kong as a major offshore and non-offshore center for Asia’s financial markets，Regardless of the 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。

Hong Kong Securities and Futures Commission License No. 4 Application，Hong Kong Securities Provision Advice No. 4 License Application for Hong Kong 149 License in Hong Kong，The China Securities Regulatory Commission manages 10 types of licenses，Each type of license corresponds to a business。To engage in corresponding business，

Everyone knows that the Hong Kong market implements a financial license management system，What kind of financial activities does an individual or unit engage in?，Need to apply for the corresponding business qualification license，Hong Kong license No. 149 is the most widely used three types of licenses，

Hong Kong’s financial market has been favored by Chinese companies this year，From the beginning of this year to August 8, 2018，The scale of financing listed in Hong Kong has reached HK$187 billion.。Behind the competition among the top players in Hong Kong’s financial industry，

For those mainland Chinese institutions and fund managers who want to gain a foothold in the Hong Kong market，Acquiring licensed companies in Hong Kong seems to have become a popular approach。But in our opinion，

Domestic financial industry is turbulent，Far less stable than overseas assets，Therefore, in recent years, domestic private equity and other financial institutions have been applying for Hong Kong No. 149 licenses.，The new battlefield of Zhulu International Assets has begun。

Although the types of Hong Kong financial licenses and Mainland financial licenses are very similar,，But Hong Kong’s financial industry needs to be more developed，Regulatory measures are also in line with international standards。A certain difference can be seen from the work style of the China Securities Regulatory Commission，

at present，depreciation of the renminbi、The country is facing an asset shortage、Against the backdrop of tighter domestic regulation，Mainland institutions are increasingly interested in investing overseas，More and more private equity institutions have also begun to enter the Hong Kong market，