The Fascinating Transformation from “Financial Tools” to “Social Gifts” In Hong Kong’s financial market, Type 1,2,4,5,6,7,9 licensed corporations were originally established for regulated financial activities. Surprisingly, as these licenses became increasingly difficult to obtain and scarce, they developed an “alternative” use: some view them as “collectibles” that demonstrate status and power, while others use them…

Hello everyone! Recently many people have been asking me: “I have a licensed corporation in Hong Kong (e.g. Type 1/4/9 license) that I want to transfer, but I have no idea how to price it, how to ‘package’ it, or how to connect with buyers?” Today, let’s discuss what sellers need to pay attention to,…

Hello everyone! Recently, many friends have been asking about acquiring licensed financial companies in Hong Kong (particularly Types 1/2/4/5/6/7/9 licenses). They keep asking me: “Can we really get the license quickly through these deals? Aren’t the intermediary fees too high? How do we know if the target company’s compliance is good?” Let me share my…

In Hong Kong’s financial market, the buying and selling of Licensed Corporations (LCs) has always been a complex and opaque domain. In particular, Type 1, 2, 4, 5, 6, 7, and 9 licensed corporations often show significant price variations due to different regulatory requirements, business scopes, and market demands. This article will delve into the…

In China’s rapidly evolving financial landscape, there’s often confusion surrounding the terms “private fund” (私募基金) and “private equity fund” (私募股权基金). While these terms may seem similar, they represent distinct investment vehicles with unique characteristics. This article aims to clarify these concepts and provide a comprehensive understanding of private funds and private equity funds in the…

In China, the term “私募” (sīmù) has a somewhat different meaning compared to private equity funds in the international context. Let’s explore in depth the main differences and characteristics of each. Private Funds in China In China, “私募” primarily refers to funds that raise capital from qualified investors. These funds can invest in various assets,…

Introduction: How to Use This Checklist This checklist is designed to assist professionals in the financial services industry in conducting comprehensive due diligence. It covers a range of documents and information, from the most critical to important, suitable for various scenarios such as mergers and acquisitions, investments, or regulatory reviews. Users should adapt the checklist…