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Hong Kong insurance brokerage company license transfer

Financial card care question

Hong Kong’s insurance industry has a long history、Insure

cost

Low、Features such as high returns have attracted great attention from people at home and abroad.,The development history of Hong Kong’s insurance industry over the past century,Already have a relatively mature insurance business model,The insurance brokerage industry is a product of the development of the insurance industry to a certain stage.,It can be based on customer needs,Recommend insurance products on the market,Mainland investors can also conduct business in Hong Kong through the transfer of Hong Kong insurance brokerage licenses。

Since the Hong Kong Insurance Regulatory Authority took over the management of Hong Kong insurance companies in June 2017,,Supervision of the insurance industry has also been strengthened from all aspects,The establishment of Hong Kong insurance brokerage companies has become more difficult。Statistics based on relevant industry data show,As of December 31, 2017,There are 759 authorized insurance brokers and 9,489 registered chief executives/business representatives in Hong Kong,Therefore, the transfer of Hong Kong insurance brokerage company licenses is now generally accepted by people.。

——————Transfer of Hong Kong insurance brokerage company license

Advantages

:The Hong Kong Insurance Regulatory Commission only deals with two things::One is integrity、Legal business;Second, solvency。Hong Kong is one of the cities with the highest safety index in the world;The crime rate is among the lowest in the world;Hong Kong’s medical system is sound,therefore,The world's reinsurance giant rates Hong Kong very highly,Basic protection rates are very cheap。

Insurance funds from Hong Kong insurance companies can be invested in money market funds worldwide、bonds、global stocks、Asian stocks、Industry funds and other investment channels,Including but not limited to the above forms;Global investment in the context of globalization is the profit of Hong Kong insurance companies、Compensation funds、Important support for financial factors such as dividend leverage;Mainland China is optimistic about the development trend of Hong Kong’s insurance brokerage market,However, in the process of entering the Hong Kong insurance market, it has repeatedly encountered obstacles.,First of all, I am relatively unfamiliar with Hong Kong’s approval policies.,Secondly,Mainland investors have inherent restrictions on entering the Hong Kong market.,Therefore, the transfer of Hong Kong insurance brokerage company licenses has become an aspect that mainland investors pay attention to.。

——————Open a Hong Kong insurance brokerage company in Hong Kong,Need to comply with

Application conditions

  1. Must be a company incorporated in Hong Kong or an overseas company registered with the Hong Kong Companies Registry。Have a physical office address、Company account。
  2. Sufficient equity:Insurance brokerage companies are required to maintain a minimum net asset value and minimum paid-up share capital of at least HK$100,000 at all times.。
  3. Compliance CEO:1name,Must be a full-time director or full-time employee of the company’s business in Hong Kong。
  4. Professional Civil Compensation Insurance - Adequate Payment Reserves:Policy financing is not less than HKD 3 million,The maximum amount is HKD 75 million。The premium is generally about HK$10,000/year。Therefore, it is also possible for the mainland to obtain business qualifications through the transfer of Hong Kong insurance brokerage licenses.

Require

Is an investor with relatively strong financial strength。

The transfer of Hong Kong insurance brokerage company license requires the acquirer to meet the following conditions

  1. Must be a company incorporated in Hong Kong or an overseas company registered with the Hong Kong Companies Registry。Have a physical office address and company account。
  2. Compliance Chief Executive (CE):CE cannot be changed,The change is equivalent to a new one,The insurance contract also needs to be re-signed。
  3. Legitimate sources of funds。

,Ten years of experience in the transfer of Hong Kong insurance brokerage companies、acquisition、Registered industrial and commercial agency services,Have a complete company trading system,175Famous company sales specialists strictly control,The existing Hong Kong insurance brokerage company was acquired through long-term market tracking.,Welcome to get to know Manager Peng Yi http://mp.sohu.com/profile?xpt=b1NlSFRzNldtNXVhdTg2dHdyclc1cGpDeVBSMEB3ZWNoYXQuc29odS5jb20=&_f=index_pagemp_2


About Hong Kong Xintong

Hong Kong Xintong focuses onHong Kong Securities and Futures Commission licenseHong Kong Insurance Broker LicenseHong Kong MSO Licenseandmoneylenders licenseApply for service,Assist customers to applyUS MSB license、NFA、RIA、Canadian MSB license、Mainstream overseas financial licenses such as Australia and Mexico,Support enterprises to achieve compliance expansion of cross-border financial business。Also availableCayman Islands Offshore Company Registration、Offshore fund establishment and global compliance operations and other services,Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more,Please contactHong Kong Information Communications Consultant

Editing of articles in this issue:

Picture of Xu Wanting

Xu Wanting

Xu Wanting has been engaged in insurance and financial services compliance work in Hong Kong for many years,Responsible for the preparation of IA insurance brokerage regulatory compliance documents、Internal control process construction、AML system design、Regulatory filings and interactions with regulators。She is familiar with insurance product liability、sales compliance、Institutional requirements such as customer protection regulations and establishment of internal training and compliance systems。

Areas of expertise:IA Insurance Brokerage Regulatory Compliance Documentation、Internal control process construction、AML system design、Customer protection regulations、Internal training。

Previous institutions:Hong Kong insurance brokerage company & IA Compliance Team

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