Why do I need to make an initial deposit of no less than HK$10,000 as part of the onboarding registration?

For online onboarding (non face to face), the SFC requires an initial deposit of not less than HK$10,000 (or USD equivalent) from a bank account in the client's name.

https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/intermediaries/supervision/doc?refNo=19EC46

Updated on: 17/12/2024