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Transfer of Hong Kong insurance brokerage company_Hong Kong insurance brokerage license application_Buy and sell

Financial card care question

The regulatory power of various insurance companies in Hong Kong was transferred from the Insurance Regulatory Office to the Hong Kong Insurance Regulatory Bureau in June 2017.,Adjustments may be made to the approval process。Hong Kong insurance has a wide range of categories、Reputed for high loss ratio,Attracting large-scale purchases of Hong Kong insurance from mainland China,This popularity lasted for ten years,The transfer of Hong Kong insurance brokerage companies is generally considered by mainland investors when they are not familiar with Hong Kong’s application policies.。

The main focus of the transfer of Hong Kong insurance brokerage companies is the transfer of Hong Kong insurance brokerage licenses,Qualification license recognized by the Hong Kong Insurance Authority,Hong Kong attaches great importance to the professionalism of the Chief Executive Officer (CE),It is understood,As of the end of December last year,There are 759 authorized insurance brokers and 9,489 registered chief executives/business representatives in Hong Kong,If you want to change CE,Equivalent to the new one,The insurance contract also needs to be re-signed。

Before understanding the transfer of Hong Kong insurance brokerage company license,We can also have a general understanding of the application threshold.,First you need to register a company in Hong Kong,Have a net asset value of more than HK$100,000 and paid-up share capital,CE

Require

21 years or older,Because all applicants’ situations are different,specific needs

Application conditions

I won’t unfold them one by one.。The Hong Kong Insurance Regulatory Authority is mainly responsible for two things::One is integrity、Legal business;Second, solvency。

This is key to ensuring that an insurance brokerage company can function regularly。

What is different from the mainland is that,Insurance funds from Hong Kong insurance companies can be invested in money market funds worldwide、bonds、Global stocks and other investment channels,However, investment channels for insurance funds in China are relatively limited.,Therefore, the dividend distribution of Hong Kong insurance products is

Advantages

Able to reach 2.5 times that of mainland products in 30 years,This is very impressive,The active transfer activities of Hong Kong insurance brokerage companies are not unrelated to the above mentioned。

According to [Manager Peng Yi] International’s long-term investigation in the market,,Most of the transfer information of Hong Kong insurance brokerage companies currently circulating on the market has relatively large differences in qualifications.,Some have already signed contracts with certain insurance companies.,Some are Qingshui brand,Hong Kong insurance brokerage license transfer

cost

The disparity is relatively large。


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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