What is the difference between an insurance agent and an insurance broker in Hong Kong?

When purchasing insurance in Hong Kong, there are generally two types of insurance salespeople that you may encounter: insurance agents and insurance brokers. What are the differences in their roles or responsibilities? Do they need to register with recognized organizations before working? And what are their professional qualifications? This article will answer these questions one…

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Case 1: Successfully passed the Hong Kong Securities and Futures Practitioner Qualification Exam (Paper 7).

Another real-life example! Congratulations to the student for passing the Hong Kong Securities and Futures Practitioner Qualification Exam (Paper 7) successfully after using our exam questions for revision!🎉🎉 The 2CExam team has been operating and providing practical exam support for many years in Hong Kong, helping countless candidates pass various exams and licenses. We specialize…

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Will the individual insurance license issued by the Hong Kong Insurance Authority expire? How long is the validity period?

In Hong Kong, insurance intermediaries (including insurance agents and insurance brokers) can maintain their license validity as long as their license has not been terminated or revoked.  However, in order to maintain the validity of the license, they must also meet the following requirements: 1.License renewal: The validity period of the license issued by the…

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Comprehensive Analysis: Hong Kong Insurance Intermediaries Qualifying Examination

“Buy insurance when you have money, and sell insurance when you don’t have money.”  In the past, insurance agents were often viewed as salespeople with a lack of professionalism and skills. As insurance becomes an increasingly integral part of our lives, more and more highly-educated and professional individuals are entering the insurance industry. These high-quality…

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What exams should I take from HKSI to become a licensed representative (LR) or responsible officer (RO) for the Securities and Futures Commission (SFC)?

The Hong Kong Securities and Investment (HKSI) Licensing Examination (LE) is one of the most popular exams in the Hong Kong financial market. It primarily tests an individual’s professional knowledge and abilities in securities and investments in order to obtain a license to practice in the securities and investment industry. There are currently 15 different…

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What is an HKMA license?

The Hong Kong Monetary Authority (HKMA) is the central banking institution of Hong Kong. It was established on April 1, 1993, through the merger of the Exchange Fund and the Office of the  Commissioner of Banking. As an independent government department separate from the Hong Kong  government, the HKMA is primarily responsible for maintaining currency…

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Which paper should I take for the HKSI?

Which paper should I take for the HKSI? The Hong Kong Securities and Futures Practitioners Qualification Exam (HKSI LE) is one of the most popular exams in the Hong Kong financial market, mainly testing individuals’ professional knowledge and capabilities in securities and investments in order to obtain a practice license in the securities and investment…

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Which license is required for bank employees engaged in securities business?

Should Hong Kong bank employees apply for an HKMA license or an SFC license? According to the licensing requirements for real estate practitioners, passing relevant qualification exams is a necessary condition for obtaining a real estate agent (individual) license or a salesperson license. The Hong Kong Securities and Futures Practitioners Qualification Exam (HKSI LE) is…

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What is the difference between an SFC license and HKMA registration in Hong Kong?

What is the difference between an SFC license and HKMA registration in Hong Kong? In Hong Kong, the statutory organization responsible for regulating the securities and futures markets is the Securities and Futures Commission (SFC). The Securities and Futures Ordinance, which came into effect on April 1, 2003, grants the SFC regulatory authority over the…

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