{"id":3158,"date":"2026-07-07T15:21:56","date_gmt":"2026-07-07T07:21:56","guid":{"rendered":"https:\/\/www.cfnlaw.com.hk\/navigating-hong-kongs-uncertificated-securities-market-key-obligations-and-practical-considerations-for-issuers\/"},"modified":"2026-07-07T16:00:20","modified_gmt":"2026-07-07T08:00:20","slug":"navigating-hong-kongs-uncertificated-securities-market-key-obligations-and-practical-considerations-for-issuers","status":"publish","type":"post","link":"https:\/\/www.cfnlaw.com.hk\/cn\/navigating-hong-kongs-uncertificated-securities-market-key-obligations-and-practical-considerations-for-issuers\/","title":{"rendered":"\u5e94\u5bf9\u9999\u6e2f\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\uff1a\u53d1\u884c\u4eba\u987b\u77e5\u7684\u4e3b\u8981\u8d23\u4efb\u53ca\u53ca\u5b9e\u52a1\u8003\u8651\u4e8b\u9879"},"content":{"rendered":"\r\n<section block=\"inner-page-banner\" class=\"relative text-white overflow-hidden\">\r\n        <img decoding=\"async\" class=\"absolute top-0 left-0 w-full 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pt-[60px] sm:pt-20 2xl:pt-[100px]\">\r\n\r\n    <div class=\"container-sm flex flex-wrap lg:flex-nowrap gap-10 3xl:gap-14 5xl:gap-20\">\r\n        <div class=\"lg:flex-1 min-w-0\">\r\n            <div class=\"mb-[12px]\">\r\n                <a href=\"#\" id=\"zr-goback\" class=\"transition-all duration-300 hover:text-brand-purple text-black-80 text-body-md inline-flex items-center gap-[10px]\">\r\n                    <img decoding=\"async\" class=\"rotate-180 transition-all duration-300\" src=\"https:\/\/www.cfnlaw.com.hk\/wp-content\/themes\/cfn\/public\/images\/icons\/arrow-right.svg\" alt=\"arrow right\" \/>\r\n                    <span>\u8fd4\u56de<\/span>\r\n                <\/a>\r\n            <\/div>\r\n            <ul class=\"flex flex-wrap items-center text-body-md text-black-60\">\r\n                                                                                    <li class=\"text-black-40\">\r\n                                                            <a class=\"transition-all duration-300 hover:text-highlight-orange\" href=\"https:\/\/www.cfnlaw.com.hk\/\" target=\"_self\">Home<\/a>\r\n                                                    <\/li>\r\n\r\n                        <span class=\"mx-[10px] inline-block\">\r\n                            <img decoding=\"async\" src=\"https:\/\/www.cfnlaw.com.hk\/wp-content\/themes\/cfn\/public\/images\/icons\/arrow-right.svg\" alt=\"arrow right\" \/>\r\n                        <\/span>\r\n                        \r\n                        \r\n                                                                    <li class=\"text-black-40\">\r\n                                                            <a class=\"transition-all duration-300 hover:text-highlight-orange\" href=\"https:\/\/www.cfnlaw.com.hk\/insights-news\/\" target=\"_self\">Insights &amp; News<\/a>\r\n                                                    <\/li>\r\n\r\n                        <span class=\"mx-[10px] inline-block\">\r\n                            <img decoding=\"async\" src=\"https:\/\/www.cfnlaw.com.hk\/wp-content\/themes\/cfn\/public\/images\/icons\/arrow-right.svg\" alt=\"arrow right\" \/>\r\n                        <\/span>\r\n                        \r\n                        \r\n                                            \r\n                                                                                <li class=\"text-highlight-orange\">\r\n                                <span class=\"\">\r\n                                    Insights &#038; News Details                                <\/span>\r\n                            <\/li>\r\n                                                    \r\n                                                <\/ul>\r\n\r\n            <div class=\"mt-10 insights-detail-content\">\r\n                <p>\u9999\u6e2f\u5c06\u5b9e\u65bd\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5236\u5ea6\uff08\u201c<strong>\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5236\u5ea6<\/strong>\u201c\uff09\uff0c\u73b0\u65f6\u9884\u8ba1\u4e8e2026\u5e7411\u670816\u65e5\uff08\u201c<strong>\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5b9e\u65bd\u65e5\u671f<\/strong>\u201d\uff09\u751f\u6548\uff0c\u6b64\u9879\u91cd\u5927\u6539\u9769\uff0c\u8ba9\u6295\u8d44\u8005\u80fd\u4ee5\u81ea\u8eab\u540d\u4e49\uff0c\u5728\u6ca1\u6709\u7eb8\u5f20\u6587\u4ef6\u7684\u60c5\u51b5\u4e0b\uff0c\u4ee5\u7535\u5b50\u65b9\u5f0f\u6301\u6709\u53ca\u8f6c\u8ba9\u4e0a\u5e02\u8bc1\u5238\u7684\u6cd5\u5b9a\u6240\u6709\u6743 \u3002\u5bf9\u4e8e\u5728\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5b9e\u65bd\u65e5\u671f\u540e\u9996\u6b21\u4e0a\u5e02\u7684\u8ba2\u660e\u8bc1\u5238\u800c\u8a00\uff0c\u53c2\u4e0e\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5c5e\u5f3a\u5236\u6027\u89c4\u5b9a\u3002\u800c\u73b0\u65f6\u5df2\u4e8e\u9999\u6e2f\u8054\u5408\u4ea4\u6613\u6240\u6709\u9650\u516c\u53f8\uff08\u201c<strong>\u8054\u4ea4\u6240<\/strong>\u201c\uff09\u4e3b\u677f\u6216GEM\u4e0a\u5e02\u7684\u8ba2\u660e\u8bc1\u5238\u53d1\u884c\u4eba\uff0c\u4ea6\u5e94\u73b0\u5728\u5f00\u59cb\u4f5c\u597d\u51c6\u5907 \u3002\u672c\u901a\u8baf\u65e8\u5728\u6982\u8ff0\u6709\u5173\u53d1\u884c\u4eba\u7684\u4e3b\u8981\u8d23\u4efb\u53ca\u5b9e\u52a1\u8003\u8651\u4e8b\u9879\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"color: #9351a0;\"><u>\u7b2c\u4e00\u8282\uff1a\u6cd5\u4f8b\u6846\u67b6<\/u><\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5236\u5ea6\u4ee5\u56db\u4efd\u6cd5\u4f8b\u6587\u4ef6\u4e3a\u57fa\u7840\uff1a<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"301\"><strong>\u6cd5\u4f8b<\/strong><\/td>\n<td width=\"301\"><strong>\u76ee\u7684<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u300a\u8bc1\u5238\u53ca\u671f\u8d27\u6761\u4f8b\u300b\uff08\u7b2c571\u7ae0\uff09\u7b2cIIIAA\u90e8<\/td>\n<td width=\"301\">\u8f7d\u5217\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u7684\u6982\u62ec\u6027\u6cd5\u5b9a\u6846\u67b6<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u300a\u8bc1\u5238\u53ca\u671f\u8d27\uff08\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\uff09\u89c4\u5219\u300b\uff08\u7b2c571AS\u7ae0\uff09\uff08\u201c<strong>\u300a\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u89c4\u5219\u300b<\/strong>\u201d\uff09<\/td>\n<td width=\"301\">\u5c31\u5728\u6ca1\u6709\u7eb8\u672c\u6587\u4e66\u7684\u60c5\u51b5\u4e0b\u8bc1\u660e\u6216\u8f6c\u8ba9\u8bc1\u5238\u3001\u6301\u6709\u4eba\u767b\u8bb0\u518c\u3001\u53bb\u5b9e\u7269\u5316\u7b49\u4e8b\u5b9c\u8ba2\u7acb\u8fd0\u4f5c\u89c4\u5219<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u300a\u8bc1\u5238\u53ca\u671f\u8d27\uff08\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\uff09\u89c4\u5219\u300b\uff08\u7b2c571AT\u7ae0\uff09\u53ca\u300a\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u64cd\u5b88\u51c6\u5219\u300b<\/td>\n<td width=\"301\">\u89c4\u7ba1\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\uff08\u201c<strong>\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784<\/strong>\u201d\uff09<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u300a\u8bc1\u5238\u53ca\u671f\u8d27\uff08\u5728\u8bc1\u5238\u5e02\u573a\u4e0a\u5e02\uff09\u89c4\u5219\u300b\uff08\u7b2c571V\u7ae0\uff09\u7b2c4\u90e8<\/td>\n<td width=\"301\">\u89c4\u5b9a\u53d1\u884c\u4eba\u5728\u4efb\u4f55\u65f6\u523b\u987b\u59d4\u4efb\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\uff0c\u5e76\u8ba2\u660e\u8fdd\u89c4\u7684\u540e\u679c<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>\u8bc1\u5238\u53ca\u671f\u8d27\u4e8b\u52a1\u76d1\u5bdf\u59d4\u5458\u4f1a\uff08\u201c<strong>\u8bc1\u76d1\u4f1a<\/strong>\u201d\uff09\u53ca\u8054\u4ea4\u6240\u5206\u522b\u520a\u53d1\u4e86\u300a\u53d1\u884c\u4eba\u53c2\u4e0e\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5236\u5ea6\u7684\u6307\u5f15\u300b\u53ca\u300a\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u6307\u5f15\u300b\uff0c\u4ee5\u534f\u52a9\u5e02\u573a\u4e86\u89e3\u53ca\u4e3a\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5236\u5ea6\u4f5c\u597d\u51c6\u5907 \u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"color: #9351a0;\"><u>\u7b2c\u4e8c\u8282\uff1a\u53d1\u884c\u4eba\u53ca\u8ba2\u660e\u8bc1\u5238<\/u><\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u53d1\u884c\u4eba\u6709\u4e24\u9879\u4e3b\u8981\u8d23\u4efb\uff1a(i) \u786e\u4fdd\u5176\u8ba2\u660e\u8bc1\u5238\u5728\u9002\u7528\u9650\u671f\u524d\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238\uff1b\u53ca (ii) \u81ea\u5176\u540e\u7684\u53c2\u4e0e\u65e5\u671f\u8d77\u9700\u9075\u5b88\u7684\u6301\u7eed\u8d23\u4efb \u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u6839\u636e\u767e\u6155\u5927\u3001\u5f00\u66fc\u7fa4\u5c9b\u3001\u4e2d\u56fd\u5185\u5730\u6216\u9999\u6e2f\uff08\u201c<strong>\u6307\u660e\u53f8\u6cd5\u7ba1\u8f96\u533a<\/strong>\u201d\uff09\u6cd5\u5f8b\u6210\u7acb\u7684\u53d1\u884c\u4eba\uff0c\u987b\u5f3a\u5236\u53c2\u4e0e\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a \u3002\u4e8e\u5176\u4ed6\u5730\u65b9\u6ce8\u518c\u6210\u7acb\u7684\u53d1\u884c\u4eba\uff0c\u73b0\u65f6\u5e76\u975e\u5f3a\u5236\u987b\u53c2\u4e0e\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\uff0c\u4f46\u4e0d\u8bba\u53c2\u4e0e\u72b6\u51b5\u5982\u4f55\uff0c\u4ecd\u987b\u59d4\u4efb\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\uff0c\u5e76\u53ef\u5728\u7b26\u5408\u539f\u5c5e\u6cd5\u5f8b\u517c\u5bb9\u6027\u7684\u60c5\u51b5\u4e0b\u81ea\u613f\u53c2\u4e0e \u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4e0b\u8868\u8f7d\u5217\u8ba2\u660e\u8bc1\u5238\u7684\u7c7b\u522b\u53ca\u5176\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238\u7684\u9002\u7528\u9650\u671f\uff1a<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"301\"><strong>\u7c7b\u522b<\/strong><\/td>\n<td width=\"301\"><strong>\u6210\u4e3a\u8ba2\u660e\u8bc1\u5238\u7684\u9650\u671f<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u6839\u636e\u6307\u660e\u53f8\u6cd5\u7ba1\u8f96\u533a\u6210\u7acb\u3001\u5c5e\u80a1\u4efd\u3001\u9884\u6258\u8bc1\u5238\u3001\u5408\u8ba2\u8bc1\u5238\u6216\u53ef\u4ece\u9999\u6e2f\u4e2d\u592e\u7ed3\u7b97\u6709\u9650\u516c\u53f8\uff08\u201c<strong>\u9999\u6e2f\u7ed3\u7b97<\/strong>\u201d\uff09\u63d0\u53d6\u7684\u96c6\u4f53\u6295\u8d44\u8ba1\u5212\u6743\u76ca<\/td>\n<td width=\"301\">(i) \u53d1\u884c\u4eba\u7684\u6307\u660e\u65e5\u671f\uff1b\u6216 (ii) \u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5b9e\u65bd\u65e5\u671f\u540e\u4e94\u5e74\uff0c\u4ee5\u8f83\u65e9\u8005\u4e3a\u51c6<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u4e8e\u76f8\u5173\u8bc1\u5238\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238\u4e4b\u524d\u53d1\u884c\u7684\u80a1\u672c\u6743\u8bc1\uff0f\u4f9b\u80a1<\/td>\n<td width=\"301\">\u65e0\u9700\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u4e8e\u76f8\u5173\u8bc1\u5238\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238\u4e4b\u540e\u53d1\u884c\u7684\u80a1\u672c\u6743\u8bc1\uff0f\u4f9b\u80a1<\/td>\n<td width=\"301\">\u4e0a\u5e02\u65f6\u5373\u987b\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>\u53d1\u884c\u4eba\u987b\u9884\u5148\u4e0e\u5176\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u5c31\u5efa\u8bae\u7684\u6307\u660e\u65e5\u671f\u8fdb\u884c\u5546\u8ba8\uff0c\u8be5\u5efa\u8bae\u6307\u660e\u65e5\u671f\u5176\u540e\u7531\u8054\u4ea4\u6240\u3001\u9999\u6e2f\u7ed3\u7b97\u53ca\u53d1\u884c\u4eba\u7684\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u534f\u8bae\u5e76\u5398\u5b9a\uff0c\u5e76\u4ee5\u4e66\u9762\u901a\u77e5\u7684\u5f62\u5f0f\u901a\u77e5\u53d1\u884c\u4eba\u3002\u5b9e\u9645\u64cd\u4f5c\u4e0a\uff0c\u6307\u660e\u65e5\u671f\u4e0e\u53c2\u4e0e\u65e5\u671f\u9884\u671f\u4e3a\u540c\u4e00\u65e5 \u3002\u5f53\u8bc1\u5238\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238\u540e\uff0c\u4efb\u4f55\u5df2\u5b58\u4e8e\u4e2d\u592e\u7ed3\u7b97\u53ca\u4ea4\u6536\u7cfb\u7edf\u5185\u7684\u8bc1\u5238\u5355\u4f4d\u987b\u4e8e\u516d\u4e2a\u6708\u5185\u53bb\u5b9e\u7269\u5316\u3002<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #9351a0;\"><strong><u>\u7b2c\u4e09\u8282\uff1a\u7b79\u5907\u6b65\u9aa4<\/u><u> \u2014 <\/u><u>\u53d1\u884c\u4eba\u73b0\u5728\u5e94\u91c7\u53d6\u7684\u884c\u52a8<\/u><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>\u53d1\u884c\u4eba\u65e0\u9700\u7b49\u5f85\u6307\u660e\u65e5\u671f\u7684\u6b63\u5f0f\u4e66\u9762\u901a\u77e5\uff0c\u5e94\u7acb\u5373\u5f00\u59cb\u4ee5\u4e0b\u4e24\u9879\u4e3b\u8981\u7b79\u5907\u5de5\u4f5c\uff1a<\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li><strong>\u4fee\u8ba2\u7ae0\u7a0b\u6587\u4ef6<\/strong><\/li>\n<\/ol>\n<p><strong>\u00a0<\/strong><\/p>\n<p>\u53d1\u884c\u4eba\u5e94\u68c0\u89c6\u5176\u8ba2\u660e\u8bc1\u5238\u7684\u7ae0\u7a0b\u6587\u4ef6\u6216\u53d1\u884c\u6761\u6b3e\uff0c\u5254\u9664\u4e0e\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5236\u5ea6\u6709\u4efb\u4f55\u4e0d\u4e00\u81f4\u6216\u62b5\u89e6\u4e4b\u5904\u3002\u5373\u4f7f\u8be5\u7b49\u6587\u4ef6\u5bf9\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u4e8b\u5b9c\u672a\u6709\u8ba2\u660e\uff0c\u4e00\u822c\u800c\u8a00\u4ecd\u5e94\u4f5c\u51fa\u4fee\u8ba2\u4ee5\u6db5\u76d6\u8be5\u7b49\u4e8b\u5b9c\uff0c\u907f\u514d\u4efb\u4f55\u7591\u95ee\u6216\u542b\u7cca\u4e4b\u5904 \u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u6b64\u9879\u8d23\u4efb\u7684\u8303\u56f4\u89c6\u4e4e\u53d1\u884c\u4eba\u4e8e\u4f55\u5730\u6ce8\u518c\u6210\u7acb\u800c\u5b9a\u3002\u5bf9\u4e8e\u9999\u6e2f\u53d1\u884c\u4eba\uff0c\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u89c4\u5b9a\u5c06\u51cc\u9a7e\u4e8e\u6709\u62b5\u89e6\u7684\u7ae0\u7a0b\u6761\u6587\u3002\u5bf9\u4e8e\u767e\u6155\u5927\u3001\u5f00\u66fc\u7fa4\u5c9b\u53ca\u4e2d\u56fd\u5185\u5730\u53d1\u884c\u4eba\uff0c\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u89c4\u5b9a\u53ea\u5728\u4e0d\u4e0e\u539f\u5c5e\u6cd5\u5f8b\u62b5\u89e6\u7684\u8303\u56f4\u5185\u9002\u7528\uff0c\u60df\u53d1\u884c\u6761\u6b3e\u4ecd\u5e94\u4e0e\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5236\u5ea6\u4fdd\u6301\u4e00\u81f4 \u3002\u53cc\u91cd\u4e0a\u5e02\u7684\u53d1\u884c\u4eba\u5728\u4f5c\u51fa\u4efb\u4f55\u4fee\u8ba2\u524d\uff0c\u6216\u9700\u53d6\u5f97\u591a\u4e2a\u53f8\u6cd5\u7ba1\u8f96\u533a\u7684\u6279\u51c6\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4e00\u822c\u987b\u4fee\u8ba2\u7684\u4e3b\u8981\u8303\u7574\u5305\u62ec\uff1a<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"198\"><strong>\u8303\u7574<\/strong><\/td>\n<td width=\"403\"><strong>\u987b\u5904\u7406\u7684\u73b0\u6709\u4e3b\u8981\u6761\u6587<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"198\">\n<ol>\n<li>1. \u65e0\u7eb8\u6240\u6709\u6743<\/li>\n<\/ol>\n<\/td>\n<td width=\"403\">\u00b7\u00a0 \u5220\u9664\u53d1\u51fa\u7eb8\u672c\u8bc1\u660e\u4e66\u7684\u89c4\u5b9a\uff1b\u53ca<\/p>\n<p>\u00b7\u00a0 \u5c31\u53c2\u4e0e\u8bc1\u5238\u6bcb\u987b\u53d1\u51fa\u7eb8\u672c\u8bc1\u660e\u4e66<\/td>\n<\/tr>\n<tr>\n<td width=\"198\">2. \u8f6c\u8ba9\u3001\u8f6c\u624b\u53ca\u53bb\u5b9e\u7269\u5316<\/td>\n<td width=\"403\">\u00b7\u00a0 \u8ba2\u660e\u8f6c\u8ba9\u53ca\u53ef\u80fd\u7684\u62d2\u7edd\u7406\u7531\uff1b<\/p>\n<p>\u00b7\u00a0 \u4fbf\u5229\u53bb\u5b9e\u7269\u5316\uff1b\u53ca<\/p>\n<p>\u00b7\u00a0 \u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u53ef\u6536\u53d6\u8d39\u7528\uff08\u53d7\u300a\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u64cd\u5b88\u51c6\u5219\u300b\u6240\u8ba2\u4e0a\u9650\u6240\u9650\uff09<\/td>\n<\/tr>\n<tr>\n<td width=\"198\">3. \u6301\u6709\u4eba\u767b\u8bb0\u518c\uff0f\u6210\u5458\u767b\u8bb0\u518c<\/td>\n<td width=\"403\">\u00b7\u00a0 \u8bb0\u5f55\u65e0\u7eb8\u5f62\u5f0f\u6301\u4ed3\u53ca\u300a\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u89c4\u5219\u300b\u4e0b\u7684\u8bb0\u9879\uff1b<\/p>\n<p>\u00b7\u00a0 \u8bb0\u9879\u4f5c\u4e3a\u6240\u6709\u6743\u8bc1\u660e\uff1b\u53ca<\/p>\n<p>\u00b7\u00a0 \u4e0d\u5f97\u95ed\u5c01\u6210\u5458\u767b\u8bb0\u518c\uff0c\u60df\u7b26\u5408\u300a\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u89c4\u5219\u300b\u8005\u9664\u5916<\/td>\n<\/tr>\n<tr>\n<td width=\"198\">4. \u4e66\u9762\u786e\u8ba4\uff0f\u7ecf\u8ba4\u8bc1\u8baf\u606f<\/td>\n<td width=\"403\">\u00b7\u00a0 \u82e5\u6761\u6587\u672a\u6709\u8ba2\u660e\uff0c\u52a0\u5165\u4ee5\u4e66\u9762\u786e\u8ba4\u65e0\u7eb8\u5f62\u5f0f\u6301\u4ed3\u53d8\u66f4\u8bb0\u9879\u7684\u660e\u786e\u8d23\u4efb<\/td>\n<\/tr>\n<tr>\n<td width=\"198\">5. \u4ee3\u8868\u59d4\u4efb\u7684\u9650\u5236<\/td>\n<td width=\"403\">\u00b7\u00a0 \u8ba2\u5165\u201c\u4e24\u4f4d\u4ee3\u8868\u201d\u9650\u5236\uff0c\u4ee5\u9632\u6b62\u6f5c\u5728\u6ee5\u7528<\/td>\n<\/tr>\n<tr>\n<td width=\"198\">6. \u6743\u8bc1\uff0f\u4f9b\u80a1\uff08\u4e8e\u76f8\u5173\u8ba2\u660e\u8bc1\u5238\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238\u4e4b\u540e\u53d1\u884c\uff09<\/td>\n<td width=\"403\">\u00b7\u00a0 \u4e0d\u4f1a\u53d1\u51fa\u7eb8\u672c\u8bc1\u660e\u4e66\uff0c\u5e76\u5c06\u7ef4\u6301\u65e0\u7eb8\u5f62\u5f0f\uff1b<\/p>\n<p>\u00b7\u00a0 \u9664\u6709\u4f8b\u5916\u60c5\u51b5\u5916\uff0c\u987b\u4ee5\u6307\u5b9a\u8981\u6c42\u65b9\u5f0f\u8f6c\u8ba9\uff1b\u53ca<\/p>\n<p>\u00b7\u00a0 \u82e5\u6301\u6709\u4eba\u5c1a\u672a\u6210\u4e3a\u65e0\u7eb8\u8bc1\u5238\u767b\u8bb0\u53ca\u8f6c\u8ba9\u7cfb\u7edf\uff08\u201c<strong>\u65e0\u7eb8\u8bc1\u5238\u767b\u8bb0\u53ca\u8f6c\u8ba9\u7cfb\u7edf<\/strong>\u201d\uff09 \u7684\u7cfb\u7edf\u6210\u5458\uff0c\u5219\u53ef\u62d2\u7edd\u8f6c\u8ba9<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>\u53d1\u884c\u4eba\u987b\u4e8e\u4ee5\u4e0b\u65e5\u671f\uff08\u4ee5\u8f83\u540e\u8005\u4e3a\u51c6\uff09\u524d\u5b8c\u6210\u4fee\u8ba2\uff1a(i) \u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5b9e\u65bd\u65e5\u671f\u8d77\u8ba1\u4e00\u5e74\u540e\uff08\u73b0\u65f6\u9884\u671f\u4e3a2027\u5e7411\u670816\u65e5\uff09\uff1b\u6216 (ii) \u53d1\u884c\u4eba\u4e8e\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5b9e\u65bd\u65e5\u671f\u540e\u4e3e\u884c\u7684\u9996\u6b21\u80a1\u4e1c\u5468\u5e74\u5927\u4f1a\uff08\u201c<strong>\u80a1\u4e1c\u5468\u5e74\u5927\u4f1a<\/strong>\u201d\uff09 \u3002\u5bf9\u4e8e12\u670831\u65e5\u4e3a\u8d22\u653f\u5e74\u5ea6\u7ed3\u675f\u65e5\u7684\u53d1\u884c\u4eba\u800c\u8a00\uff0c\u8fd9\u610f\u5473\u7740\u987b\u4e8e\u4e0b\u6b21 2027\u5e74\u80a1\u4e1c\u5468\u5e74\u5927\u4f1a\u524d\uff0c\u53732027\u5e746\u670830\u65e5\u6216\u4e4b\u524d\u4fee\u8ba2\u5176\u7ae0\u7a0b\u6587\u4ef6\u3002<\/p>\n<p>&nbsp;<\/p>\n<ol start=\"2\">\n<li><strong>\u59d4\u4efb\u5177\u5907\u65e0\u7eb8\u8bc1\u5238\u767b\u8bb0\u53ca\u8f6c\u8ba9\u7cfb\u7edf\u80fd\u529b\u7684\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784<\/strong><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>\u5e76\u975e\u6240\u6709\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u73b0\u65f6\u5747\u83b7\u6838\u51c6\u8425\u8fd0\u65e0\u7eb8\u8bc1\u5238\u767b\u8bb0\u53ca\u8f6c\u8ba9\u7cfb\u7edf \u3002\u53d1\u884c\u4eba\u5e94\u5411\u5176\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u786e\u8ba4\u5176\u662f\u5426\u5df2\u53d6\u5f97\u8be5\u9879\u6838\u51c6\uff0c\u82e5\u5426\uff0c\u5219\u5e94\u8003\u8651\u662f\u5426\u9700\u8981\u53e6\u89c5\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u3002\u53d1\u884c\u4eba\u5e94\u53d6\u5f97\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u5c31\u4e0b\u5217\u4e8b\u9879\u7684\u4e66\u9762\u786e\u8ba4\uff1a(i) \u5176\u51c6\u5907\u5c31\u7eea\u7684\u72b6\u51b5\uff1b\u53ca (ii) \u65e0\u7eb8\u8bc1\u5238\u767b\u8bb0\u53ca\u8f6c\u8ba9\u7cfb\u7edf\u53ef\u4f9b\u4f7f\u7528\u7684\u65e5\u671f\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"color: #9351a0;\"><u>\u7b2c\u56db\u8282\uff1a\u516c\u544a\u53ca\u6682\u6b62\u671f<\/u><\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u6307\u660e\u65e5\u671f\u4e00\u7ecf\u5398\u5b9a\uff0c\u53d1\u884c\u4eba\u987b\u5728\u5408\u7406\u5207\u5b9e\u53ef\u884c\u8303\u56f4\u5185\u5c3d\u5feb\u516c\u5e03\u8be5\u6307\u660e\u65e5\u671f\uff0c\u5e76\u65e0\u8bba\u5982\u4f55\u987b\u4e8e\u83b7\u9001\u8fbe\u4e66\u9762\u901a\u77e5\u540e\u4e0d\u8fdf\u4e8e\u4e00\u4e2a\u8425\u4e1a\u65e5\u5185\u4f5c\u51fa\u516c\u5e03\u3002\u53d1\u884c\u4eba\u4ea6\u987b\u4e8e\u5176\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u8fc7\u6e21\u8ba1\u5212\uff08\u201c<strong>\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u8fc7\u6e21\u8ba1\u5212<\/strong>\u201d\uff09\u843d\u5b9e\u540e\uff0c\u5728\u5408\u7406\u5207\u5b9e\u53ef\u884c\u8303\u56f4\u5185\u5c3d\u5feb\u520a\u53d1\u516c\u544a\uff0c\u8ff0\u660e\u5176\u8fc7\u6e21\u81f3\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u7684\u8be6\u60c5\uff0c\u5305\u62ec\u5176\u53c2\u4e0e\u65e5\u671f\uff0c\u4ee5\u53ca\u5df2\u91c7\u53d6\uff08\u6216\u5c06\u91c7\u53d6\uff09\u4ee5\u4fee\u8ba2\u5176\u7ae0\u7a0b\u6587\u4ef6\u6216\u53d1\u884c\u6761\u6b3e\u7684\u4efb\u4f55\u6b65\u9aa4\u3002\u5728\u5176\u8bc1\u5238\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238\u4e4b\u524d\uff0c\u53d1\u884c\u4eba\u987b\u4e0d\u8fdf\u4e8e\u53c2\u4e0e\u65e5\u671f\u524d21\u4e2a\u8425\u4e1a\u65e5\u520a\u53d1\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u8fc7\u6e21\u8ba1\u5212\u7684\u63d0\u9192\u516c\u544a\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u66f4\u6362\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u987b\u6700\u5c11\u63d0\u524d\u4e09\u4e2a\u6708\u4ee5\u4e66\u9762\u901a\u77e5\u8bc1\u76d1\u4f1a\u53ca\u8054\u4ea4\u6240\uff08\u5982\u672a\u80fd\u63d0\u524d\u901a\u77e5\uff0c\u5219\u987b\u5728\u83b7\u6089\u540e\u5c3d\u5feb\u5408\u7406\u5207\u5b9e\u53ef\u884c\u8303\u56f4\u5185\u901a\u77e5\uff09\uff0c\u5e76\u968f\u540e\u520a\u53d1\u516c\u544a \u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u8054\u4ea4\u6240\u4ea6\u4f1a\u4e8e\u5176<a href=\"https:\/\/www.hkex.com.hk\/Services\/Settlement-and-Depository\/USM?sc_lang=zh-HK\" target=\"_blank\" rel=\"noopener\">\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u7f51\u9875<\/a>\u6309\u5b63\u520a\u767b\u9884\u8ba1\u4e8e\u672a\u6765\u4e09\u4e2a\u6708\u5185\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238\u7684\u8ba2\u660e\u8bc1\u5238\u540d\u5355\uff0c\u8fde\u540c\u5df2\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238\u7684\u8bc1\u5238\u540d\u5355\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u6682\u6b62\u671f<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u5f3a\u70c8\u5efa\u8bae\u53d1\u884c\u4eba\u5728\u53c2\u4e0e\u65e5\u671f\u524d13\u4e2a\u8425\u4e1a\u65e5\u81f3\u53c2\u4e0e\u65e5\u671f\u540e10\u4e2a\u8425\u4e1a\u65e5\uff08\u5305\u62ec\u53c2\u4e0e\u65e5\u671f\u5f53\u65e5\uff09\u7684\u671f\u95f4\uff08\u201c<strong>\u6682\u6b62\u671f<\/strong>\u201d\uff09\u5185\u907f\u514d\u8fdb\u884c\u516c\u53f8\u884c\u52a8 \u3002\u4e3a\u514d\u751f\u7591\u95ee\uff0c\u73b0\u91d1\u80a1\u606f\u7684\u652f\u4ed8\u53ca\u80a1\u4e1c\u5927\u4f1a\u7684\u4e3e\u884c\u4ecd\u53ef\u4e8e\u6682\u6b62\u671f\u5185\u8fdb\u884c \u3002\u6b64\u5916\uff0c\u8ba9\u53d7\u8ba9\u4eba\u6709\u6743\u53d6\u5f97\u7eb8\u672c\u8bc1\u660e\u4e66\u7684\u6700\u540e\u767b\u8bb0\u8f6c\u8ba9\u65e5\u4e3a\u53c2\u4e0e\u65e5\u671f\u524d10\u4e2a\u8425\u4e1a\u65e5\uff0c\u4e14\u4e0d\u5f97\u4e3a\u622a\u6b62\u8fc7\u6237\u65e5\u3002\u53d1\u884c\u4eba\u5e94\u73b0\u5728\u68c0\u89c6\u5176\u516c\u53f8\u884c\u4e8b\u65e5\u7a0b\uff0c\u627e\u51fa\u4efb\u4f55\u6216\u9700\u56f4\u7ed5\u53c2\u4e0e\u65e5\u671f\u91cd\u65b0\u5b89\u6392\u7684\u8ba1\u5212\u4e2d\u516c\u53f8\u884c\u52a8\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"color: #9351a0;\"><u>\u7b2c\u4e94\u8282\uff1a\u53c2\u4e0e\u540e\u7684\u8d23\u4efb<\/u><\/span><\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>\u8bc1\u5238\u4e00\u65e6\u6210\u4e3a\u53c2\u4e0e\u8bc1\u5238\u540e\uff0c\u6240\u6709\u65b0\u5355\u4f4d\u5747\u987b\u4ee5\u65e0\u7eb8\u5f62\u5f0f\u53d1\u884c\uff0c\u4e14\u4e0d\u5f97\u53d1\u51fa\u65b0\u7684\u6240\u6709\u6743\u6587\u4e66\uff0c\u60df\u53d1\u884c\u4eba\u5df2\u786e\u4fdd\uff1a(i) \u8be5\u7b49\u8bc1\u5238\u5df2\u5728\u5176\u6301\u6709\u4eba\u767b\u8bb0\u518c\u4e2d\u8bb0\u5f55\u4e3a\u4ee5\u65e0\u7eb8\u5f62\u5f0f\u6301\u6709\uff1b\u53ca (ii) \u8be5\u7b49\u8bc1\u5238\u7684\u6301\u6709\u4eba\u662f\u53d1\u884c\u4eba\u7684\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u7684\u65e0\u7eb8\u8bc1\u5238\u767b\u8bb0\u53ca\u8f6c\u8ba9\u7cfb\u7edf\u7684\u7cfb\u7edf\u6210\u5458\u6216\u4e34\u65f6\u7cfb\u7edf\u6210\u5458\u3002\u539f\u6709\u7684\u6240\u6709\u6743\u6587\u4e66\u5728\u88ab\u6ce8\u9500\u4e4b\u524d\u5c06\u7ef4\u6301\u6709\u6548\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u65e0\u8bf7\u6c42\u800c\u53bb\u5b9e\u7269\u5316<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u53d1\u884c\u4eba\u53ef\uff08\u5e76\u9f13\u52b1\u53d1\u884c\u4eba\uff09\u5728\u5df2\u6536\u5230\u6709\u5173\u73b0\u6709\u8bc1\u5238\u5355\u4f4d\u7684\u539f\u6709\u6240\u6709\u6743\u6587\u4e66\u7684\u60c5\u51b5\u4e0b\uff0c\u5373\u4f7f\u5e76\u65e0\u53bb\u5b9e\u7269\u5316\u8bf7\u6c42\uff0c\u4ecd\u5c06\u8be5\u7b49\u5355\u4f4d\u53bb\u5b9e\u7269\u5316\u3002\u6b64\u9879\u53bb\u5b9e\u7269\u5316\u6743\u529b\u7531\u300a\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u89c4\u5219\u300b\u6240\u8d4b\u4e88\uff0c\u5e76\u6db5\u76d6\u4ee5\u4e0b\u60c5\u51b5\uff1a\u8bc1\u5238\u6301\u6709\u4eba\u5c31\u6240\u6709\u6743\u6587\u4e66\u6240\u6d89\u8bc1\u5238\u8981\u6c42\u90e8\u5206\u53bb\u5b9e\u7269\u5316\u6216\u8f6c\u8ba9\uff0c\u4ee5\u53ca\u80a1\u4efd\u62c6\u7ec6\u6216\u5408\u5e76\u7b49\u5b89\u6392\u3002\u5982\u53d1\u884c\u4eba\u4fe1\u7eb3\u67d0\u6240\u6709\u6743\u6587\u4e66\u5df2\u9057\u5931\uff0c\u4ea6\u53ef\u5c06\u8be5\u9057\u5931\u6587\u4e66\u6240\u6d89\u5355\u4f4d\u53bb\u5b9e\u7269\u5316\u3002\u5373\u4f7f\u53bb\u5b9e\u7269\u5316\u662f\u7531\u53d1\u884c\u4eba\u4e3b\u52a8\u8fdb\u884c\uff0c\u53d1\u884c\u4eba\u7684\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u4ecd\u53ef\u5411\u767b\u8bb0\u6301\u6709\u4eba\u6536\u53d6\u53bb\u5b9e\u7269\u5316\u8d39\u7528\uff0c\u672a\u6709\u7f34\u4ed8\u8be5\u8d39\u7528\u53ef\u5bfc\u81f4\u62d2\u7edd\u529e\u7406\u6709\u5173\u8bc1\u5238\u7684\u8f6c\u8ba9\u767b\u8bb0\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u53bb\u5b9e\u7269\u5316\u8bf7\u6c42<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u53d1\u884c\u4eba\u53ef\uff08\u4ea6\u5e94\uff09\u5e94\u8bc1\u5238\u6301\u6709\u4eba\u7684\u8981\u6c42\u5c06\u8ba2\u660e\u8bc1\u5238\u7684\u5355\u4f4d\u53bb\u5b9e\u7269\u5316\uff0c\u60df\u987b\u7b26\u5408\u4ee5\u4e0b\u6761\u4ef6\uff1a(i) \u8be5\u7b49\u8bc1\u5238\u7684\u767b\u8bb0\u6301\u6709\u4eba\u6216\u53d7\u8ba9\u4eba\u662f\u76f8\u5e94\u65e0\u7eb8\u8bc1\u5238\u767b\u8bb0\u53ca\u8f6c\u8ba9\u7cfb\u7edf\u7684\u7cfb\u7edf\u6210\u5458\uff1b\u53ca (ii) \u53d1\u884c\u4eba\u5df2\u6536\u5230\u6709\u6548\u7684\u6240\u6709\u6743\u6587\u4e66\uff0c\u6216\u4fe1\u7eb3\u8be5\u6240\u6709\u6743\u6587\u4e66\u5df2\u9057\u5931\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u8bc1\u5238\u7684\u6301\u6709\u4eba\u767b\u8bb0\u518c<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u53d1\u884c\u4eba\u5fc5\u987b\u786e\u4fdd\u6301\u6709\u4eba\u767b\u8bb0\u518c\u6b63\u786e\u8bb0\u5f55\u65e0\u7eb8\u6301\u4ed3\uff0c\u4ee5\u4e66\u9762\u901a\u77e5\u6301\u6709\u4eba\u76f8\u5173\u53d8\u66f4\uff0c\u5e76\u5bb9\u8bb8\u6301\u6709\u4eba\u67e5\u9605\u53ca\uff08\u7f34\u4ed8\u8d39\u7528\u540e\uff09\u590d\u5236\u5176\u672c\u8eab\u7684\u8bb0\u9879\u3002\u987b\u6ce8\u610f\u5728\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u5236\u5ea6\u4e0b\uff0c\u8bc1\u5238\u7684\u6301\u6709\u4eba\u767b\u8bb0\u518c\u6bcf\u6b21\u4e0d\u5f97\u95ed\u5c01\u8d85\u8fc7\u8fde\u7eed\u4e24\u4e2a\u8425\u4e1a\u65e5\uff0c\u6216\u4e8e\u4efb\u4f55\u6682\u505c\u8be5\u7b49\u8bc1\u5238\u4e70\u5356\u7684\u671f\u95f4\u5185\u95ed\u5c01\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u91cd\u65b0\u5b9e\u7269\u5316<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u9664\u8bc1\u5238\u6b63\u88ab\u9664\u724c\u6216\u8bc1\u76d1\u4f1a\u5df2\u6279\u51fa\u8c41\u514d\u5916\uff0c\u4e00\u822c\u7981\u6b62\u91cd\u65b0\u5b9e\u7269\u5316\u3002\u53d1\u884c\u4eba\u4e8e\u9664\u724c\u65f6\uff0c\u987b\u4ece\u767b\u8bb0\u518c\u4e2d\u79fb\u9664\u65e0\u7eb8\u8bb0\u9879\uff0c\u5982\u6709\u9700\u8981\u5219\u53d1\u51fa\u6240\u6709\u6743\u6587\u4e66\uff0c\u5e76\u4ee5\u4e66\u9762\u5411\u53d7\u5f71\u54cd\u7684\u6301\u6709\u4eba\u786e\u8ba4\u6709\u5173\u79fb\u9664\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u8fdd\u53cd\u7684\u540e\u679c<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u5728\u6ca1\u6709\u5408\u7406\u8fa9\u89e3\u7684\u60c5\u51b5\u4e0b\u8fdd\u53cd\u65e0\u7eb8\u8bc1\u5238\u5e02\u573a\u8d23\u4efb\u7684\u53d1\u884c\u4eba\uff0c\u53ef\u88ab\u5224\u5904\u7b2c4\u7ea7\u6216\u7b2c5\u7ea7\u7f5a\u6b3e\uff08\u6e2f\u5e0125,000\u5143\u81f350,000\u5143\uff09\uff0c\u7f6a\u884c\u6301\u7eed\u671f\u95f4\u5728\u5927\u90e8\u5206\u60c5\u51b5\u4e0b\u6bcf\u65e5\u53e6\u52a0\u7f5a\u6b3e\u6e2f\u5e01700\u5143\uff0c\u5e76\u5728\u82e5\u5e72\u60c5\u51b5\u4e0b\u4ea6\u53ef\u80fd\u4ee4\u6709\u5173\u8bc1\u5238\u662f\u5426\u9002\u5b9c\u4e0a\u5e02\u6216\u7ef4\u6301\u4e0a\u5e02\u5730\u4f4d\u53d7\u5230\u8d28\u7591\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"color: #9351a0;\"><u>\u7b2c\u516d\u8282\uff1a\u4e0b\u4e00\u6b65\u884c\u52a8<\/u><\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u4e0a\u5e02\u53d1\u884c\u4eba\u65e0\u9700\u7b49\u5f85\u6307\u660e\u65e5\u671f\u7684\u6b63\u5f0f\u4e66\u9762\u901a\u77e5\u4e0b\uff0c\u5e94\uff1a(i) \u5f00\u59cb\u68c0\u89c6\u5176\u7ae0\u7a0b\u6587\u4ef6\uff1b(ii) \u4ee5\u4e66\u9762\u786e\u8ba4\u5176\u6838\u51c6\u8bc1\u5238\u767b\u8bb0\u673a\u6784\u7684\u65e0\u7eb8\u8bc1\u5238\u767b\u8bb0\u53ca\u8f6c\u8ba9\u7cfb\u7edf\u51c6\u5907\u5c31\u7eea\u72b6\u51b5\uff1b\u53ca (iii) \u5c06\u5176\u516c\u53f8\u884c\u52a8\u65e5\u7a0b\u4e0e\u9884\u671f\u7684\u6682\u6b62\u671f\u8fdb\u884c\u5bf9\u7167\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><em>\u672c\u901a\u8baf\u4ec5\u4f9b\u4e00\u822c\u53c2\u8003\u4e4b\u7528\uff0c\u5e76\u4e0d\u6784\u6210\u6cd5\u5f8b\u610f\u89c1\u3002\u672c\u901a\u8baf\u5e76\u975e\u8be6\u5c3d\u65e0\u9057\uff0c\u4ea6\u672a\u6db5\u76d6\u53d1\u884c\u4eba\u53ef\u80fd\u987b\u8003\u8651\u7684\u6240\u6709\u4e8b\u5b9c\u3002\u5982\u9700\u8fdb\u4e00\u6b65\u6570\u636e\uff0c\u8bf7\u8054\u7edc\u672c\u901a\u8baf\u7684\u4f5c\u8005\u6216\u60a8\u5728<\/em><em>CFN Lawyers LLP<\/em><em>\u7684\u4e00\u8d2f\u8054\u7edc\u4eba\uff0c\u4ee5\u53d6\u5f97\u534f\u52a9\u3002<\/em><\/p>\n            <\/div>\r\n        <\/div>\r\n        <div class=\"w-full lg:w-[350px] xl:w-[380px] 2xl:w-[420px]\">\r\n            <div class=\"mb-5 2xl:mb-6 p-4 xs:p-5 2xl:p-6 bg-light-purple\">\r\n                <p class=\"inline-flex items-center text-body-md text-brand-purple gap-2\">\r\n                    <img decoding=\"async\" class=\"w-4 xs:w-5 2xl:w-6 h-4 xs:h-5 2xl:h-6\" src=\"https:\/\/www.cfnlaw.com.hk\/wp-content\/themes\/cfn\/public\/images\/icons\/share-icon.svg\" alt=\"\" \/>\r\n                    <span>\u5206\u4eab<\/span>\r\n                <\/p>\r\n                <div class=\"mt-5 2xl:mt-6\">\r\n                    <a href=\"javascript:void(0);\" id=\"btn-copy-link\" class=\"mb-5 last:mb-0 group hover:text-brand-purple transition-all duration-300 p-4 2xl:p-5 bg-white text-body-lg text-dark-grey flex items-center justify-between gap-5 relative\">\r\n                        <div class=\"inline-flex items-center gap-3 xs:gap-4 2xl:gap-5\">\r\n                            <img decoding=\"async\" class=\"w-6 xs:w-7 2xl:w-8\" src=\"https:\/\/www.cfnlaw.com.hk\/wp-content\/themes\/cfn\/public\/images\/icons\/link-icon.svg\" alt=\"\" \/>\r\n                            <span class=\"copy-text\">\u590d\u5236\u94fe\u63a5<\/span>\r\n                        <\/div>\r\n                        <img decoding=\"async\" src=\"https:\/\/www.cfnlaw.com.hk\/wp-content\/themes\/cfn\/public\/images\/icons\/arrow-next.svg\" alt=\"\" \/>\r\n                        <span class=\"block absolute bottom-0 left-0 w-0 h-[2px] bg-highlight-orange transition-all duration-300 group-hover:w-full\"><\/span>\r\n                    <\/a>\r\n                <\/div>\r\n            <\/div>\r\n\r\n                            <div class=\"mb-5 2xl:mb-6 p-4 xs:p-5 2xl:p-6 bg-[#F7F7F7]\">\r\n                    <p class=\"inline-flex items-center text-body-md text-brand-purple gap-2\">\r\n                        <img decoding=\"async\" class=\"w-4 xs:w-5 2xl:w-6 h-4 xs:h-5 2xl:h-6\" src=\"https:\/\/www.cfnlaw.com.hk\/wp-content\/themes\/cfn\/public\/images\/icons\/people.svg\" alt=\"\" \/>\r\n                        <span>Author<\/span>\r\n                    <\/p>\r\n                    <div class=\"mt-5 2xl:mt-6\">\r\n                                                    <a href=\"https:\/\/www.cfnlaw.com.hk\/cn\/people\/patrick-wong-2\/\" class=\"mb-4 last:mb-0 group hover:text-highlight-orange transition-all duration-300 text-body-md text-dark-grey flex items-center justify-between gap-5 relative\">\r\n                                <div class=\"inline-flex items-center gap-3\">\r\n                                                                            <img decoding=\"async\"\r\n                                            class=\"w-10 h-10 2xl:w-12 2xl:h-12 object-cover rounded-full border border-transparent transition-all duration-300 group-hover:border-highlight-orange\"\r\n                                            src=\"https:\/\/www.cfnlaw.com.hk\/wp-content\/uploads\/2026\/01\/Image-3-1.png\" alt=\"\" \/>\r\n                                                                        <span>\u9ec4\u6d69\u7136<\/span>\r\n                                <\/div>\r\n                            <\/a>\r\n                                                    <a href=\"https:\/\/www.cfnlaw.com.hk\/cn\/people\/karina-hsiao\/\" class=\"mb-4 last:mb-0 group hover:text-highlight-orange transition-all duration-300 text-body-md text-dark-grey flex items-center justify-between gap-5 relative\">\r\n                                <div class=\"inline-flex items-center gap-3\">\r\n                                                                            <img decoding=\"async\"\r\n                                            class=\"w-10 h-10 2xl:w-12 2xl:h-12 object-cover rounded-full border border-transparent transition-all duration-300 group-hover:border-highlight-orange\"\r\n                                            src=\"https:\/\/www.cfnlaw.com.hk\/wp-content\/uploads\/2026\/07\/IMG_1666-for-website-scaled.png\" alt=\"\" \/>\r\n                                                                        <span>\u8427\u5764\u8d24<\/span>\r\n                                <\/div>\r\n                            <\/a>\r\n                             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