HSICDATA
HSIC V2.0Subclass

649999Other miscellaneous financial service activities n.e.c.

其他雜項金融服務活動

Why 6 digits?

HSIC subclasses are 6 digits. The first four match the international ISIC class; Hong Kong adds a two-digit local suffix for finer detail, especially across its import and export trade, so a code steps from a 4-digit class straight to a 6-digit subclass. More on the HSIC structure.

This subclass includes a variety of financial service activities that do not fall under more specific categories. It encompasses services such as bill discounting, factoring companies, and agents for travellers' cheques, which facilitate financial transactions and provide support to businesses and individuals in managing their financial needs.

This classification includes

  • bill discounting
  • factoring companies
  • travellers' cheque agents

Licences and approvals

What this activity needs to operate

Activities under this code trigger the following licensing regimes. Emerhub prepares and files each application on your behalf.

Stored Value Facility (SVF) Licence

Hong Kong Monetary Authority (HKMA)

Required for issuers of stored value facilities such as e-wallets, prepaid cards and other prepaid payment instruments under the Payment Systems and Stored Value Facilities Ordinance (Cap. 584). The Monetary Authority grants a licence only if all minimum criteria, including capital, fitness and propriety and float safeguarding, are met; licensed banks are deemed to be granted an SVF licence.

Applies to e-wallet and prepaid payment instrument issuers

Capital requirement
Paid-up share capital of not less than HKD 25M (or equivalent financial resources); HKMA may impose higher requirements

Official sourceVerified 2026-07-14

Offshore profits claim feasibility

Medium

While some financial services can be conducted offshore, many activities like bill discounting and factoring often require a presence in Hong Kong. Contracts are typically negotiated with local clients, making it challenging to qualify for offshore treatment.

Business registration wording

Suggested business nature for this activity

English

MISCELLANEOUS FINANCIAL SERVICE ACTIVITIES

42/60 characters

Chinese 中文

其他雜項金融服務

8/30 characters

Test your own wording in the checker

Companies

Licensed operators

Verified registry

11 on the SVF Register (HKMA).

Standard compliance

Compliance every Hong Kong company shares

Beyond anything specific to this activity, every Hong Kong company handles two-tiered profits tax, the annual return (Form NAR1) within 42 days of its incorporation anniversary, audited accounts, MPF enrolment for staff, and a company secretary. Emerhub runs all of it on your behalf.

See the full Hong Kong compliance calendar

Frequently asked questions

Do I need a license for factoring?

Yes, you need to comply with the Money Lenders Ordinance in Hong Kong.

Can I operate this business entirely online?

Yes, but you must ensure compliance with local regulations and licensing requirements.

What are the tax implications for this activity?

Profits from this activity may be subject to Hong Kong profits tax unless structured to qualify for offshore treatment.

Incorporate in Hong Kong

Starting a other miscellaneous financial service activities n.e.c. business in Hong Kong?

Emerhub incorporates your company, registers the business nature above with the IRD, files every licence application, and runs your company secretary and compliance calendar. You provide the documents; Emerhub handles every government interaction.

Start incorporation with Emerhub