Becoming a HKCC Participant

Market Turnover

-

-

-

|

|

|

|

|

|

-

-

-

繁简

About HKEX

About HKEX

Investor Relations

Investor Relations

Corporate Governance

Corporate Governance

Sustainability

Media Centre

Careers

Related Sites: LME

HKEX Group

LME

Bond Connect

QME

HKEXnews

CESC

Sustainable & Green Exchange (STAGE)

Client Connect

Latest Market Data

Exchange Traded Products

Structured Products

Real Estate Investment Trusts

Debt Securities

Listed Derivatives

Foreign Exchange

OTC Derivatives

Eligible OTC Clear Products

Interest Rate Swaps

Non Deliverable Forwards

Cross Currency Swaps

MSCI Index Futures & Options

HKEX Sustainable & Green Exchange

Hosting Services

Data and Index Services

Real Time Data Services

Historical Data Services

Rules, Forms & Fees

Risk Management

CCP Disclosures

Listed Derivatives

Risk Management

CCP Disclosures

Risk Management

CCP Disclosures

Settlement and Depository

Settlement - Securities

Common Nominee Services

Securities Admission into CCASS

Unclaimed Entitlements Held by HKSCC Nominees Limited

Uncertificated Securities Market

Platform Services

Corporate Action Messaging Standardisation

FINI - A New Era for Hong Kong’s IPO market

Orion Cash Platform

Orion Derivatives Platform

Integrated Fund Platform

Circulars & Notices

Become a Participant

HKEX Connect Hall

Join Our Markets

Listing with HKEX

Southeast Asia Listing Insights

Northbound and Southbound

Sustainable Finance

Sustainable & Green Exchange (STAGE)

Listing of Specialist Technology Companies

Listing Regulations

How We Regulate

Listing Newsletters

Listing Committee

Listing Review Committee

Listing Policy Panel Report

Rules and Guidance

Interpretation and Guidance

Listing of Overseas Issuers

Listing of Biotech Companies

Listing of Specialist Technology Companies

Technology Enterprises Channel (TECH)

Launch of FINI platform

Expansion of the Paperless Listing Regime

Listing e-Forms Guidance Materials

Application Proof, PHIP and Related Materials

New Listing Information

Listing Matters regarding Sponsor Regulation and Intermediaries Regulation

Other Materials

Issuers' Continuing Obligations & Annual Listing Fees

Guides on the Exchange's Practices and Procedures for Handling Listing-related Matters

Exchange's Reports

Structured Products

Products and Issuers' Information

Debt Securities

Summary of Listing Requirements for Debt Issues to Professional Investors Only

Guidance Materials

Disciplinary & Enforcement

Disciplinary Procedures

Enforcement Guidance Materials

Disciplinary Sanctions

Enforcement Bulletin

Enforcement Statistics

Request for Assistance

Sustainability & Corporate Governance

Board Diversity Hub

Corporate Governance Practices

Listing Newsletters

Contact Us / Make a Complaint

Corporate News Releases

Regulatory Announcements

Market Communications

Market Consultations

Research Reports

Connect Programmes

Daily Statistics

Market Highlights

Eligible Securities

Stock Quote Lookup

Securities Prices

Exchange Traded Products

Derivative Warrants

Inline Warrants

Callable Bull / Bear Contracts

Real Estate Investment Trusts

Debt Securities

Futures & Options Prices

Foreign Exchange

Consolidated Reports

Securities Market

Derivatives Market

Clearing, Settlement and Depository

Market Data Services

Becoming a HKCC Participant

Criteria

(Please also see Chapter II of the Rules of HKFE Clearing Corporation Limited ("HKCC"))

HKCC has two categories of Participantship, each of which has different conditions and privileges :-

1)	General Clearing Participant ("GCP") - A participant which registers and clears trades for its own and clients accounts and on behalf of Non-Clearing Participants.
		be an Exchange Participant of HKFE or be a registered institution which is registered to carry on Type 2 regulated activity under the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).
		(if the applicant is not a registered institution) have a liquid capital of not less than the higher of :-
		(a)	its required liquid capital under the Financial Resources Rules; or
		(b)	HK$100,000,000 provided that if it has entered into valid clearing agreements with no more than five Non-Clearing Participants, an additional HK$20,000,000 for each Non-Clearing Participant after the fifth Non-Clearing Participant with which it has entered into a valid clearing agreement, subject to a maximum of HK$390,000,000.
		(if the applicant is a registered institution) have Tier 1 capital under the Banking (Capital) Rules of not less than HK$390,000,000.
		contribute HK$7,500,000 Participant Deposit to the Reserve Fund referred to in Chapter VII of the HKCC Rules.

2)	Clearing Participant ("CP") - A participant which only registers and clears trades for its own and clients accounts.
		be an Exchange Participant of HKFE.
		have a liquid capital of not less than the higher of :-
		(a)	its required liquid capital under the Financial Resources Rules; or
		(b)	HK$5,000,000*.
		contribute HK$1,500,000 Participant Deposit to the Reserve Fund referred to in Chapter VII of the HKCC Rules.
	(*Note: HKCC imposes additional financial/capital requirement on new clearing participantship applications from time to time. Before submitting your firm's application to HKCC/applying for relevant licence(s) from regulator, your firm is strongly advised to contact DCASS hotline (2979 7222) to understand the latest financial requirement.)

HKCC Participant Admission Criteria and Operational Requirements

Updated 03 Oct 2023