New regulations on virtual currency issued by SFC
in the era of material abundance, money can buy what you want and enrich your life. Therefore, people have a dream of realizing wealth freedom and entering a better life there are many such dreams, which are often used. With the development of the Internet, online transactions have become more convenient and fast, people's financial management ideas have improved, and they will take spare money to invest, but the bank interest is low, the fund will not choose, and the stock water is too deep. Generally speaking, the income can't tempt greedy people
1. It is illegal to have a financial trading platform that is not recognized by China Securities Regulatory Commission and China Banking and Insurance Regulatory Commission. With the concept of blockchain being put forward, virtual currency has become popular. In China, there are bitcoin, Leyte coin, Ruitai coin, etc. the income of these virtual currencies has been blown to be amazing. People who listen to these virtual currencies will be envious and have new illusions. They don't know that this is just a Ponzi scheme, and the virtual currency trading platform will trick investors into inviting them, After the investors' funds are cheated, there will be a series of figures. Some of them will fall sharply as soon as they buy, and smart people can stop losses. Some of them will go up sharply when they buy, and investors will continue to add chips, and finally they can't cash out
type 1, securities trading; The second is futures contract trading; The third is leveraged foreign exchange trading, and the fourth is to provide advice on securities; Category 5, advice on futures contracts; The sixth category provides advice on institutional financing and the seventh category provides automated trading services; In the eighth category, margin financing is provided; There are 12 kinds of financial licenses that need to be approved in China, including banking, insurance, trust, securities companies, financial leasing, futures, funds, fund subsidiaries, fund sales, third-party payment license, small loan and pawn
in order to ensure that the securities and futures instry in Hong Kong adheres to the highest standards, the SFC issues licenses for the classification of financial services, including securities trading, futures contract trading, leveraged foreign exchange trading, advice on securities, advice on institutional financing, listing consultation (Investment banking services) on the Hong Kong stock exchange, securities guarantee finance, asset management, etc As for credit rating services, securities firms or fund companies stationed in Hong Kong mainly apply for or acquire license No. 1, license No. 2, license No. 4, license No. 6 and license No. 9. Therefore, many domestic peers are now consulting about the transfer of asset management license, securities exchange license, futures contract trading license and institutional financing advice license (investment banking license transfer). The SFC stipulates that only persons and companies meeting the relevant qualification criteria can enter the instry, and they must comply with the securities and Futures Ordinance and the relevant subsidiary requirements for regulating intermediaries. Success Power Investment Advisory Company Limited can assist in the application and acquisition of various types of licenses. The mission of the SFC is to promote the integrity and soundness of the securities and futures market in Hong Kong. Therefore, the intermediary Department, which is responsible for licensing and supervising intermediaries, plays an important role in it.
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