in recent years，The China Insurance Regulatory Commission targets several first-tier cities for illegal，Severe crackdown on illegal sales of Hong Kong insurance products。If a domestic institution does not obtain a Hong Kong insurance brokerage license，It is strictly prohibited to sell Hong Kong insurance in the Mainland.，Facilitate purchases, etc.。In order to help more institutions obtain Hong Kong brokerage licenses，Today we focus on Hong Kong insurance brokerage license
Application conditions
and process，and related issues。
1，Can a company be licensed as an insurance broker and an insurance agency company at the same time? This is not allowed。The Hong Kong Insurance Regulatory Commission clearly stipulates，Not only can a company not run two businesses at the same time。The same person cannot be an insurance broker at the same time，Also an insurance agent。 2，Hong Kong Insurance Broker License
Application process
middle，Which department requires regulation and approval?
at present，There are two recognized insurance brokerage bodies in Hong Kong，They are the Hong Kong Insurance Consultants Association and the Hong Kong Professional Insurance Brokers Association.。The CEO and business representatives of insurance brokers are also required to register with relevant organizations。That is, the CIB and PIBA that we are more familiar with。Both groups have the power to review application materials for Hong Kong insurance broker licenses，and issue corresponding license plates。
According to statistics，CIB has now issued about 300 Hong Kong insurance brokerage licenses。PIBA issued about 470 tickets。 3，How should the company's account be set up? According to the Hong Kong Insurance Regulatory Commission
Require
，The company needs to have more than two accounts，One of the accounts is mainly used to store the customer’s insurance funds.，Other accounts mainly store operating funds。
The funds in the client's account that are stored separately cannot be used for any purpose other than insuring the client.。 4，Hong Kong Insurance Broker License
Application process
How long does it usually take? Generally speaking，If the agent，Administrative CE，There is no problem with the registration of Hong Kong companies.，Plus the time required for the CIRC’s review，It takes about three months to obtain a Hong Kong insurance brokerage license。
5，Does the registered capital of a Hong Kong insurance brokerage company need to be paid in full? This is not clear
Require
，But the China Insurance Regulatory Commission
Require
The low total asset value and low paid-up share capital of an insurance brokerage company cannot be less than HK$100,000.。 6，Apply directly for a Hong Kong insurance broker license and acquire a ready-made，Which one is better?
Specifically choose to purchase an existing license or apply for a new one，Mainly depends on the specific needs of the customer
Require
，If you want to develop your business quickly，You may consider purchasing one directly，But when it changes，There are also some restrictions，Be sure to understand the specific acquisition process and conditions，Otherwise, it is very likely that the time will be the same as the new one.。This will waste a lot of manpower and time。
Related news：There are two main categories of mainstream products in Hong Kong’s insurance market:，One is a lifetime savings critical illness insurance with dividends，The other is participating savings annuity insurance。Therefore, the products purchased in Hong Kong are basically dividend-paying products.，Whether you want to buy insurance、Or do financial management?，This determines that Hong Kong’s insurance products will have stronger financial management attributes。
，It is the largest Hong Kong financial license processing service organization in China and Hong Kong.，Possess extensive experience in financial management in Hong Kong，At the same time, we have relatively sufficient and rich qualifications of various affiliated personnel on hand.。For customers with urgent needs for business development，We also have existing Hong Kong insurance brokerage licenses available for transfer。欢迎来电直接咨询
About Hong Kong Xintong
Hong Kong Xintong focuses onHong Kong Securities and Futures Commission license、Hong Kong Insurance Broker License、Hong 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。
