Licensing matrix
Answering the question lawyers ask first: for a given jurisdiction, asset class and activity, which licence is required — every conclusion carries an official source and legal basis.
This table is a compilation of public information. It is not legal advice or investment advice. Always rely on the official text and your legal counsel.
Three-axis query
Hong Kong · Treasuries / bonds · Issuance
| Licence / requirement | Legal basis | Official source | Licensed firms |
|---|---|---|---|
| If constituting a security or an interest in a collective investment scheme: public offering requires authorization (prospectus authorization) | Securities and Futures Ordinance (Cap. 571), Schedule 5 definition; SFO s. 105 authorization requirement | source ↗ | View firms → |
| Distribution arrangements are typically undertaken by licensed intermediaries: Type 1 (dealing in securities) or Type 6 (advising on corporate finance) | SFO Schedule 5 regulated activities Types 1 / 6 | source ↗ | View firms → |
Data date 2026-10-29 · Coverage 120/120 combinations covered（100%）
At a glance: requirement count by jurisdiction
| Activity | Hong Kong | Singapore | United States | European Union |
|---|---|---|---|---|
| Issuance | 2 items | 1 items | 1 items | 1 items |
| Distribution | 2 items | 2 items | 2 items | 2 items |
| Custody | 2 items | 2 items | 2 items | 2 items |
| Secondary trading / venue | 2 items | 2 items | 1 items | 2 items |
| Marketing | 2 items | 1 items | 2 items | 1 items |
Information only; not legal advice. · Licensed firms → · Sources →
For institutions & professionals
Law firms, custodians, auditors, funds and family offices: citeable verification, bulk data and tailored reports — ask for a sample first.
Get a sample report →Intro deck →Institutional →
Or contact us directly：brian@51kaifa.app · WeChat 13392476067
Copy this line into your report or article for a proper citation.
365rwa.vip, "Licensing matrix", data verified 2026-10-28, https://365rwa.vip/licensing-matrix/