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Hong Kong insurance brokerage license transfer and sale

Financial card care question

The Hong Kong insurance brokerage license has become an overseas license deployed by many listed companies in the Mainland.,Hong Kong is a capitalist market under one country, two systems,Accepted the influence of Western insurance culture earlier,Because there are many types of insurance products、Features such as a better protection system have attracted mainlanders to focus on purchasing,Hong Kong insurance brokers use their professional capabilities to formulate insurance plans for policyholders,It is highly praised in the West,What we are going to start today is the matters related to the transfer and sale of Hong Kong insurance brokerage licenses.。

Before 2016,The regulatory power of insurance companies in Hong Kong is vested with the Insurance Regulatory Commission,After it is dissolved, it will be supervised by the Hong Kong Insurance Regulatory Authority.,The issuance of insurance brokerage licenses in Hong Kong has stricter requirements

Require

It is different from the issuance of insurance brokerage licenses in the Mainland.,Mainly reflected in the required paid-up share capital、Insurance brokers and the company’s related management systems,On the one hand, the transfer of Hong Kong insurance brokerage license takes into account the need to conduct business immediately,There are also considerations for a longer review cycle。 In addition to local investors in Hong Kong,There are also many examples of mainland companies that have gained access to the Hong Kong insurance brokerage market through the transfer of Hong Kong insurance brokerage licenses.。

Take February this year as an example,There are two examples,in,Ego Finance transferred 80% of its share capital to Energy International Investment,in addition,Huilong Holdings also acquired a Hong Kong insurance brokerage company with a market value of HK$45 million.。

Judging from the relevant measures of these listed companies,The transfer and sale of insurance brokerage licenses in Hong Kong is becoming increasingly common,At the same time, it also reflects the market conditions of Hong Kong insurance brokers in disguise.,But the license transfer,The ability to identify the qualifications of the acquirer is also

Require

,The prices of Hong Kong insurance brokerage companies changing hands on the market vary widely.,Makes it difficult to start,

cost

Not the only acquisition standard,Acquirers need to have the ability to consider the overall situation,From the validity period of qualification、Company operating status、Debt situation and other aspects should be considered from multiple perspectives.,It will further facilitate the implementation of the transfer of Hong Kong insurance brokerage licenses。

Existing first-hand Hong Kong insurance brokerage company resources are for sale,Diverse qualifications,Meet your business needs,Ten years of focus on the transfer of Hong Kong insurance brokerage licenses、acquisition、Comprehensive services such as agency services,采购专员根据长时间市场跟踪收购而来的公司是市面上少有的优质资源,If you want to know more, please contact Manager Peng Yi:


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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