{"id":3159,"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":"2026-07-07T15:52:49","modified_gmt":"2026-07-07T07:52:49","slug":"navigating-hong-kongs-uncertificated-securities-market-key-obligations-and-practical-considerations-for-issuers","status":"publish","type":"post","link":"https:\/\/www.cfnlaw.com.hk\/tc\/navigating-hong-kongs-uncertificated-securities-market-key-obligations-and-practical-considerations-for-issuers\/","title":{"rendered":"\u61c9\u5c0d\u9999\u6e2f\u7121\u7d19\u8b49\u5238\u5e02\u5834\uff1a\u767c\u884c\u4eba\u9808\u77e5\u7684\u4e3b\u8981\u8cac\u4efb\u53ca\u53ca\u5be6\u52d9\u8003\u616e\u4e8b\u9805"},"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\u5c07\u5be6\u65bd\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5236\u5ea6\uff08\u300c<strong>\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5236\u5ea6<\/strong>\u300d\uff09\uff0c\u73fe\u6642\u9810\u8a08\u65bc2026\u5e7411\u670816\u65e5\uff08\u300c<strong>\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5be6\u65bd\u65e5\u671f<\/strong>\u300d\uff09\u751f\u6548\uff0c\u6b64\u9805\u91cd\u5927\u6539\u9769\uff0c\u8b93\u6295\u8cc7\u8005\u80fd\u4ee5\u81ea\u8eab\u540d\u7fa9\uff0c\u5728\u6c92\u6709\u7d19\u5f35\u6587\u4ef6\u7684\u60c5\u6cc1\u4e0b\uff0c\u4ee5\u96fb\u5b50\u65b9\u5f0f\u6301\u6709\u53ca\u8f49\u8b93\u4e0a\u5e02\u8b49\u5238\u7684\u6cd5\u5b9a\u6240\u6709\u6b0a \u3002\u5c0d\u65bc\u5728\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5be6\u65bd\u65e5\u671f\u5f8c\u9996\u6b21\u4e0a\u5e02\u7684\u8a02\u660e\u8b49\u5238\u800c\u8a00\uff0c\u53c3\u8207\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5c6c\u5f37\u5236\u6027\u898f\u5b9a\u3002\u800c\u73fe\u6642\u5df2\u65bc\u9999\u6e2f\u806f\u5408\u4ea4\u6613\u6240\u6709\u9650\u516c\u53f8\uff08\u300c<strong>\u806f\u4ea4\u6240<\/strong>\u300d\uff09\u4e3b\u677f\u6216GEM\u4e0a\u5e02\u7684\u8a02\u660e\u8b49\u5238\u767c\u884c\u4eba\uff0c\u4ea6\u61c9\u73fe\u5728\u958b\u59cb\u4f5c\u597d\u6e96\u5099 \u3002\u672c\u901a\u8a0a\u65e8\u5728\u6982\u8ff0\u6709\u95dc\u767c\u884c\u4eba\u7684\u4e3b\u8981\u8cac\u4efb\u53ca\u5be6\u52d9\u8003\u616e\u4e8b\u9805\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"color: #9351a0;\"><u>\u7b2c\u4e00\u7bc0\uff1a\u6cd5\u4f8b\u6846\u67b6<\/u><\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5236\u5ea6\u4ee5\u56db\u4efd\u6cd5\u4f8b\u6587\u4ef6\u70ba\u57fa\u790e\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\u8b49\u5238\u53ca\u671f\u8ca8\u689d\u4f8b\u300b\uff08\u7b2c571\u7ae0\uff09\u7b2cIIIAA\u90e8<\/td>\n<td width=\"301\">\u8f09\u5217\u7121\u7d19\u8b49\u5238\u5e02\u5834\u7684\u6982\u62ec\u6027\u6cd5\u5b9a\u6846\u67b6<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u300a\u8b49\u5238\u53ca\u671f\u8ca8\uff08\u7121\u7d19\u8b49\u5238\u5e02\u5834\uff09\u898f\u5247\u300b\uff08\u7b2c571AS\u7ae0\uff09\uff08\u300c<strong>\u300a\u7121\u7d19\u8b49\u5238\u5e02\u5834\u898f\u5247\u300b<\/strong>\u300d\uff09<\/td>\n<td width=\"301\">\u5c31\u5728\u6c92\u6709\u7d19\u672c\u6587\u66f8\u7684\u60c5\u6cc1\u4e0b\u8b49\u660e\u6216\u8f49\u8b93\u8b49\u5238\u3001\u6301\u6709\u4eba\u767b\u8a18\u518a\u3001\u53bb\u5be6\u7269\u5316\u7b49\u4e8b\u5b9c\u8a02\u7acb\u904b\u4f5c\u898f\u5247<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u300a\u8b49\u5238\u53ca\u671f\u8ca8\uff08\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\uff09\u898f\u5247\u300b\uff08\u7b2c571AT\u7ae0\uff09\u53ca\u300a\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u64cd\u5b88\u6e96\u5247\u300b<\/td>\n<td width=\"301\">\u898f\u7ba1\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\uff08\u300c<strong>\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb<\/strong>\u300d\uff09<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u300a\u8b49\u5238\u53ca\u671f\u8ca8\uff08\u5728\u8b49\u5238\u5e02\u5834\u4e0a\u5e02\uff09\u898f\u5247\u300b\uff08\u7b2c571V\u7ae0\uff09\u7b2c4\u90e8<\/td>\n<td width=\"301\">\u898f\u5b9a\u767c\u884c\u4eba\u5728\u4efb\u4f55\u6642\u523b\u9808\u59d4\u4efb\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\uff0c\u4e26\u8a02\u660e\u9055\u898f\u7684\u5f8c\u679c<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>\u8b49\u5238\u53ca\u671f\u8ca8\u4e8b\u52d9\u76e3\u5bdf\u59d4\u54e1\u6703\uff08\u300c<strong>\u8b49\u76e3\u6703<\/strong>\u300d\uff09\u53ca\u806f\u4ea4\u6240\u5206\u5225\u520a\u767c\u4e86\u300a\u767c\u884c\u4eba\u53c3\u8207\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5236\u5ea6\u7684\u6307\u5f15\u300b\u53ca\u300a\u7121\u7d19\u8b49\u5238\u5e02\u5834\u6307\u5f15\u300b\uff0c\u4ee5\u5354\u52a9\u5e02\u5834\u4e86\u89e3\u53ca\u70ba\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5236\u5ea6\u4f5c\u597d\u6e96\u5099 \u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"color: #9351a0;\"><u>\u7b2c\u4e8c\u7bc0\uff1a\u767c\u884c\u4eba\u53ca\u8a02\u660e\u8b49\u5238<\/u><\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u767c\u884c\u4eba\u6709\u5169\u9805\u4e3b\u8981\u8cac\u4efb\uff1a(i) \u78ba\u4fdd\u5176\u8a02\u660e\u8b49\u5238\u5728\u9069\u7528\u9650\u671f\u524d\u6210\u70ba\u53c3\u8207\u8b49\u5238\uff1b\u53ca (ii) \u81ea\u5176\u5f8c\u7684\u53c3\u8207\u65e5\u671f\u8d77\u9700\u9075\u5b88\u7684\u6301\u7e8c\u8cac\u4efb \u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u6839\u64da\u767e\u6155\u9054\u3001\u958b\u66fc\u7fa4\u5cf6\u3001\u4e2d\u570b\u5167\u5730\u6216\u9999\u6e2f\uff08\u300c<strong>\u6307\u660e\u53f8\u6cd5\u7ba1\u8f44\u5340<\/strong>\u300d\uff09\u6cd5\u5f8b\u6210\u7acb\u7684\u767c\u884c\u4eba\uff0c\u9808\u5f37\u5236\u53c3\u8207\u7121\u7d19\u8b49\u5238\u5e02\u5834 \u3002\u65bc\u5176\u4ed6\u5730\u65b9\u8a3b\u518a\u6210\u7acb\u7684\u767c\u884c\u4eba\uff0c\u73fe\u6642\u4e26\u975e\u5f37\u5236\u9808\u53c3\u8207\u7121\u7d19\u8b49\u5238\u5e02\u5834\uff0c\u4f46\u4e0d\u8ad6\u53c3\u8207\u72c0\u6cc1\u5982\u4f55\uff0c\u4ecd\u9808\u59d4\u4efb\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\uff0c\u4e26\u53ef\u5728\u7b26\u5408\u539f\u5c6c\u6cd5\u5f8b\u76f8\u5bb9\u6027\u7684\u60c5\u6cc1\u4e0b\u81ea\u9858\u53c3\u8207 \u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4e0b\u8868\u8f09\u5217\u8a02\u660e\u8b49\u5238\u7684\u985e\u5225\u53ca\u5176\u6210\u70ba\u53c3\u8207\u8b49\u5238\u7684\u9069\u7528\u9650\u671f\uff1a<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"301\"><strong>\u985e\u5225<\/strong><\/td>\n<td width=\"301\"><strong>\u6210\u70ba\u8a02\u660e\u8b49\u5238\u7684\u9650\u671f<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u6839\u64da\u6307\u660e\u53f8\u6cd5\u7ba1\u8f44\u5340\u6210\u7acb\u3001\u5c6c\u80a1\u4efd\u3001\u9810\u8a17\u8b49\u5238\u3001\u5408\u8a02\u8b49\u5238\u6216\u53ef\u5f9e\u9999\u6e2f\u4e2d\u592e\u7d50\u7b97\u6709\u9650\u516c\u53f8\uff08\u300c<strong>\u9999\u6e2f\u7d50\u7b97<\/strong>\u300d\uff09\u63d0\u53d6\u7684\u96c6\u9ad4\u6295\u8cc7\u8a08\u5283\u6b0a\u76ca<\/td>\n<td width=\"301\">(i) \u767c\u884c\u4eba\u7684\u6307\u660e\u65e5\u671f\uff1b\u6216 (ii) \u7121\u7d19\u8b49\u5238\u5e02\u5834\u5be6\u65bd\u65e5\u671f\u5f8c\u4e94\u5e74\uff0c\u4ee5\u8f03\u65e9\u8005\u70ba\u6e96<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u65bc\u76f8\u95dc\u8b49\u5238\u6210\u70ba\u53c3\u8207\u8b49\u5238\u4e4b\u524d\u767c\u884c\u7684\u80a1\u672c\u6b0a\u8b49\uff0f\u4f9b\u80a1<\/td>\n<td width=\"301\">\u7121\u9700\u6210\u70ba\u53c3\u8207\u8b49\u5238<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\u65bc\u76f8\u95dc\u8b49\u5238\u6210\u70ba\u53c3\u8207\u8b49\u5238\u4e4b\u5f8c\u767c\u884c\u7684\u80a1\u672c\u6b0a\u8b49\uff0f\u4f9b\u80a1<\/td>\n<td width=\"301\">\u4e0a\u5e02\u6642\u5373\u9808\u6210\u70ba\u53c3\u8207\u8b49\u5238<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>\u767c\u884c\u4eba\u9808\u9810\u5148\u8207\u5176\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u5c31\u5efa\u8b70\u7684\u6307\u660e\u65e5\u671f\u9032\u884c\u5546\u8a0e\uff0c\u8a72\u5efa\u8b70\u6307\u660e\u65e5\u671f\u5176\u5f8c\u7531\u806f\u4ea4\u6240\u3001\u9999\u6e2f\u7d50\u7b97\u53ca\u767c\u884c\u4eba\u7684\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u5354\u5b9a\u4e26\u91d0\u5b9a\uff0c\u4e26\u4ee5\u66f8\u9762\u901a\u77e5\u7684\u5f62\u5f0f\u901a\u77e5\u767c\u884c\u4eba\u3002\u5be6\u969b\u64cd\u4f5c\u4e0a\uff0c\u6307\u660e\u65e5\u671f\u8207\u53c3\u8207\u65e5\u671f\u9810\u671f\u70ba\u540c\u4e00\u65e5 \u3002\u7576\u8b49\u5238\u6210\u70ba\u53c3\u8207\u8b49\u5238\u5f8c\uff0c\u4efb\u4f55\u5df2\u5b58\u65bc\u4e2d\u592e\u7d50\u7b97\u53ca\u4ea4\u6536\u7cfb\u7d71\u5167\u7684\u8b49\u5238\u55ae\u4f4d\u9808\u65bc\u516d\u500b\u6708\u5167\u53bb\u5be6\u7269\u5316\u3002<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"color: #9351a0;\"><u>\u7b2c\u4e09\u7bc0\uff1a\u7c4c\u5099\u6b65\u9a5f<\/u><u> \u2014 <\/u><u>\u767c\u884c\u4eba\u73fe\u5728\u61c9\u63a1\u53d6\u7684\u884c\u52d5<\/u><\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u767c\u884c\u4eba\u7121\u9700\u7b49\u5f85\u6307\u660e\u65e5\u671f\u7684\u6b63\u5f0f\u66f8\u9762\u901a\u77e5\uff0c\u61c9\u7acb\u5373\u958b\u59cb\u4ee5\u4e0b\u5169\u9805\u4e3b\u8981\u7c4c\u5099\u5de5\u4f5c\uff1a<\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li><strong>\u4fee\u8a02\u7ae0\u7a0b\u6587\u4ef6<\/strong><\/li>\n<\/ol>\n<p><strong>\u00a0<\/strong><\/p>\n<p>\u767c\u884c\u4eba\u61c9\u6aa2\u8996\u5176\u8a02\u660e\u8b49\u5238\u7684\u7ae0\u7a0b\u6587\u4ef6\u6216\u767c\u884c\u689d\u6b3e\uff0c\u5254\u9664\u8207\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5236\u5ea6\u6709\u4efb\u4f55\u4e0d\u4e00\u81f4\u6216\u62b5\u89f8\u4e4b\u8655\u3002\u5373\u4f7f\u8a72\u7b49\u6587\u4ef6\u5c0d\u7121\u7d19\u8b49\u5238\u5e02\u5834\u4e8b\u5b9c\u672a\u6709\u8a02\u660e\uff0c\u4e00\u822c\u800c\u8a00\u4ecd\u61c9\u4f5c\u51fa\u4fee\u8a02\u4ee5\u6db5\u84cb\u8a72\u7b49\u4e8b\u5b9c\uff0c\u907f\u514d\u4efb\u4f55\u7591\u554f\u6216\u542b\u7cca\u4e4b\u8655 \u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u6b64\u9805\u8cac\u4efb\u7684\u7bc4\u570d\u8996\u4e4e\u767c\u884c\u4eba\u65bc\u4f55\u5730\u8a3b\u518a\u6210\u7acb\u800c\u5b9a\u3002\u5c0d\u65bc\u9999\u6e2f\u767c\u884c\u4eba\uff0c\u7121\u7d19\u8b49\u5238\u5e02\u5834\u898f\u5b9a\u5c07\u51cc\u99d5\u65bc\u6709\u62b5\u89f8\u7684\u7ae0\u7a0b\u689d\u6587\u3002\u5c0d\u65bc\u767e\u6155\u9054\u3001\u958b\u66fc\u7fa4\u5cf6\u53ca\u4e2d\u570b\u5167\u5730\u767c\u884c\u4eba\uff0c\u7121\u7d19\u8b49\u5238\u5e02\u5834\u898f\u5b9a\u53ea\u5728\u4e0d\u8207\u539f\u5c6c\u6cd5\u5f8b\u62b5\u89f8\u7684\u7bc4\u570d\u5167\u9069\u7528\uff0c\u60df\u767c\u884c\u689d\u6b3e\u4ecd\u61c9\u8207\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5236\u5ea6\u4fdd\u6301\u4e00\u81f4 \u3002\u96d9\u91cd\u4e0a\u5e02\u7684\u767c\u884c\u4eba\u5728\u4f5c\u51fa\u4efb\u4f55\u4fee\u8a02\u524d\uff0c\u6216\u9700\u53d6\u5f97\u591a\u500b\u53f8\u6cd5\u7ba1\u8f44\u5340\u7684\u6279\u51c6\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4e00\u822c\u9808\u4fee\u8a02\u7684\u4e3b\u8981\u7bc4\u7587\u5305\u62ec\uff1a<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"198\"><strong>\u7bc4\u7587<\/strong><\/td>\n<td width=\"403\"><strong>\u9808\u8655\u7406\u7684\u73fe\u6709\u4e3b\u8981\u689d\u6587<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"198\">1. \u7121\u7d19\u6240\u6709\u6b0a<\/td>\n<td width=\"403\">&#8211;\u00a0\u00a0 \u522a\u9664\u767c\u51fa\u7d19\u672c\u8b49\u660e\u66f8\u7684\u898f\u5b9a\uff1b\u53ca<\/p>\n<p>&#8211;\u00a0\u00a0 \u5c31\u53c3\u8207\u8b49\u5238\u6bcb\u9808\u767c\u51fa\u7d19\u672c\u8b49\u660e\u66f8<\/td>\n<\/tr>\n<tr>\n<td width=\"198\">2. \u8f49\u8b93\u3001\u8f49\u624b\u53ca\u53bb\u5be6\u7269\u5316<\/td>\n<td width=\"403\">&#8211;\u00a0\u00a0 \u8a02\u660e\u8f49\u8b93\u53ca\u53ef\u80fd\u7684\u62d2\u7d55\u7406\u7531\uff1b<\/p>\n<p>&#8211;\u00a0\u00a0 \u4fbf\u5229\u53bb\u5be6\u7269\u5316\uff1b\u53ca<\/p>\n<p>&#8211;\u00a0\u00a0 \u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u53ef\u6536\u53d6\u8cbb\u7528\uff08\u53d7\u300a\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u64cd\u5b88\u6e96\u5247\u300b\u6240\u8a02\u4e0a\u9650\u6240\u9650\uff09<\/td>\n<\/tr>\n<tr>\n<td width=\"198\">3. \u6301\u6709\u4eba\u767b\u8a18\u518a\uff0f\u6210\u54e1\u767b\u8a18\u518a<\/td>\n<td width=\"403\">&#8211;\u00a0\u00a0 \u8a18\u9304\u7121\u7d19\u5f62\u5f0f\u6301\u5009\u53ca\u300a\u7121\u7d19\u8b49\u5238\u5e02\u5834\u898f\u5247\u300b\u4e0b\u7684\u8a18\u9805\uff1b<\/p>\n<p>&#8211;\u00a0\u00a0 \u8a18\u9805\u4f5c\u70ba\u6240\u6709\u6b0a\u8b49\u660e\uff1b\u53ca<\/p>\n<p>&#8211;\u00a0\u00a0 \u4e0d\u5f97\u9589\u5c01\u6210\u54e1\u767b\u8a18\u518a\uff0c\u60df\u7b26\u5408\u300a\u7121\u7d19\u8b49\u5238\u5e02\u5834\u898f\u5247\u300b\u8005\u9664\u5916<\/td>\n<\/tr>\n<tr>\n<td width=\"198\">4. \u66f8\u9762\u78ba\u8a8d\uff0f\u7d93\u8a8d\u8b49\u8a0a\u606f<\/td>\n<td width=\"403\">&#8211;\u00a0\u00a0 \u82e5\u689d\u6587\u672a\u6709\u8a02\u660e\uff0c\u52a0\u5165\u4ee5\u66f8\u9762\u78ba\u8a8d\u7121\u7d19\u5f62\u5f0f\u6301\u5009\u8b8a\u66f4\u8a18\u9805\u7684\u660e\u78ba\u8cac\u4efb<\/td>\n<\/tr>\n<tr>\n<td width=\"198\">5. \u4ee3\u8868\u59d4\u4efb\u7684\u9650\u5236<\/td>\n<td width=\"403\">&#8211;\u00a0\u00a0 \u8a02\u5165\u300c\u5169\u4f4d\u4ee3\u8868\u300d\u9650\u5236\uff0c\u4ee5\u9632\u6b62\u6f5b\u5728\u6feb\u7528<\/td>\n<\/tr>\n<tr>\n<td width=\"198\">6. \u6b0a\u8b49\uff0f\u4f9b\u80a1\uff08\u65bc\u76f8\u95dc\u8a02\u660e\u8b49\u5238\u6210\u70ba\u53c3\u8207\u8b49\u5238\u4e4b\u5f8c\u767c\u884c\uff09<\/td>\n<td width=\"403\">&#8211;\u00a0\u00a0 \u4e0d\u6703\u767c\u51fa\u7d19\u672c\u8b49\u660e\u66f8\uff0c\u4e26\u5c07\u7dad\u6301\u7121\u7d19\u5f62\u5f0f\uff1b<\/p>\n<p>&#8211;\u00a0\u00a0 \u9664\u6709\u4f8b\u5916\u60c5\u6cc1\u5916\uff0c\u9808\u4ee5\u6307\u5b9a\u8981\u6c42\u65b9\u5f0f\u8f49\u8b93\uff1b\u53ca<\/p>\n<p>&#8211;\u00a0\u00a0 \u82e5\u6301\u6709\u4eba\u5c1a\u672a\u6210\u70ba\u7121\u7d19\u8b49\u5238\u767b\u8a18\u53ca\u8f49\u8b93\u7cfb\u7d71\uff08\u300c<strong>\u7121\u7d19\u8b49\u5238\u767b\u8a18\u53ca\u8f49\u8b93\u7cfb\u7d71<\/strong>\u300d\uff09 \u7684\u7cfb\u7d71\u6210\u54e1\uff0c\u5247\u53ef\u62d2\u7d55\u8f49\u8b93<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>\u767c\u884c\u4eba\u9808\u65bc\u4ee5\u4e0b\u65e5\u671f\uff08\u4ee5\u8f03\u5f8c\u8005\u70ba\u6e96\uff09\u524d\u5b8c\u6210\u4fee\u8a02\uff1a(i) \u7121\u7d19\u8b49\u5238\u5e02\u5834\u5be6\u65bd\u65e5\u671f\u8d77\u8a08\u4e00\u5e74\u5f8c\uff08\u73fe\u6642\u9810\u671f\u70ba2027\u5e7411\u670816\u65e5\uff09\uff1b\u6216 (ii) \u767c\u884c\u4eba\u65bc\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5be6\u65bd\u65e5\u671f\u5f8c\u8209\u884c\u7684\u9996\u6b21\u80a1\u6771\u5468\u5e74\u5927\u6703\uff08\u300c<strong>\u80a1\u6771\u5468\u5e74\u5927\u6703<\/strong>\u300d\uff09 \u3002\u5c0d\u65bc12\u670831\u65e5\u70ba\u8ca1\u653f\u5e74\u5ea6\u7d50\u675f\u65e5\u7684\u767c\u884c\u4eba\u800c\u8a00\uff0c\u9019\u610f\u5473\u8457\u9808\u65bc\u4e0b\u6b21 2027\u5e74\u80a1\u6771\u5468\u5e74\u5927\u6703\u524d\uff0c\u53732027\u5e746\u670830\u65e5\u6216\u4e4b\u524d\u4fee\u8a02\u5176\u7ae0\u7a0b\u6587\u4ef6\u3002<\/p>\n<p>&nbsp;<\/p>\n<ol start=\"2\">\n<li><strong>\u59d4\u4efb\u5177\u5099\u7121\u7d19\u8b49\u5238\u767b\u8a18\u53ca\u8f49\u8b93\u7cfb\u7d71\u80fd\u529b\u7684\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb<\/strong><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>\u4e26\u975e\u6240\u6709\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u73fe\u6642\u5747\u7372\u6838\u51c6\u71df\u904b\u7121\u7d19\u8b49\u5238\u767b\u8a18\u53ca\u8f49\u8b93\u7cfb\u7d71 \u3002\u767c\u884c\u4eba\u61c9\u5411\u5176\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u78ba\u8a8d\u5176\u662f\u5426\u5df2\u53d6\u5f97\u8a72\u9805\u6838\u51c6\uff0c\u82e5\u5426\uff0c\u5247\u61c9\u8003\u616e\u662f\u5426\u9700\u8981\u53e6\u8993\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u3002\u767c\u884c\u4eba\u61c9\u53d6\u5f97\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u5c31\u4e0b\u5217\u4e8b\u9805\u7684\u66f8\u9762\u78ba\u8a8d\uff1a(i) \u5176\u6e96\u5099\u5c31\u7dd2\u7684\u72c0\u6cc1\uff1b\u53ca (ii) \u7121\u7d19\u8b49\u5238\u767b\u8a18\u53ca\u8f49\u8b93\u7cfb\u7d71\u53ef\u4f9b\u4f7f\u7528\u7684\u65e5\u671f\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #9351a0;\"><strong><u>\u7b2c\u56db\u7bc0\uff1a\u516c\u544a\u53ca\u66ab\u6b62\u671f<\/u><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>\u6307\u660e\u65e5\u671f\u4e00\u7d93\u91d0\u5b9a\uff0c\u767c\u884c\u4eba\u9808\u5728\u5408\u7406\u5207\u5be6\u53ef\u884c\u7bc4\u570d\u5167\u76e1\u5feb\u516c\u5e03\u8a72\u6307\u660e\u65e5\u671f\uff0c\u4e26\u7121\u8ad6\u5982\u4f55\u9808\u65bc\u7372\u9001\u9054\u66f8\u9762\u901a\u77e5\u5f8c\u4e0d\u9072\u65bc\u4e00\u500b\u71df\u696d\u65e5\u5167\u4f5c\u51fa\u516c\u5e03\u3002\u767c\u884c\u4eba\u4ea6\u9808\u65bc\u5176\u7121\u7d19\u8b49\u5238\u5e02\u5834\u904e\u6e21\u8a08\u5283\uff08\u300c<strong>\u7121\u7d19\u8b49\u5238\u5e02\u5834\u904e\u6e21\u8a08\u5283<\/strong>\u300d\uff09\u843d\u5be6\u5f8c\uff0c\u5728\u5408\u7406\u5207\u5be6\u53ef\u884c\u7bc4\u570d\u5167\u76e1\u5feb\u520a\u767c\u516c\u544a\uff0c\u8ff0\u660e\u5176\u904e\u6e21\u81f3\u7121\u7d19\u8b49\u5238\u5e02\u5834\u7684\u8a73\u60c5\uff0c\u5305\u62ec\u5176\u53c3\u8207\u65e5\u671f\uff0c\u4ee5\u53ca\u5df2\u63a1\u53d6\uff08\u6216\u5c07\u63a1\u53d6\uff09\u4ee5\u4fee\u8a02\u5176\u7ae0\u7a0b\u6587\u4ef6\u6216\u767c\u884c\u689d\u6b3e\u7684\u4efb\u4f55\u6b65\u9a5f\u3002\u5728\u5176\u8b49\u5238\u6210\u70ba\u53c3\u8207\u8b49\u5238\u4e4b\u524d\uff0c\u767c\u884c\u4eba\u9808\u4e0d\u9072\u65bc\u53c3\u8207\u65e5\u671f\u524d21\u500b\u71df\u696d\u65e5\u520a\u767c\u7121\u7d19\u8b49\u5238\u5e02\u5834\u904e\u6e21\u8a08\u5283\u7684\u63d0\u9192\u516c\u544a\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u66f4\u63db\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u9808\u6700\u5c11\u63d0\u524d\u4e09\u500b\u6708\u4ee5\u66f8\u9762\u901a\u77e5\u8b49\u76e3\u6703\u53ca\u806f\u4ea4\u6240\uff08\u5982\u672a\u80fd\u63d0\u524d\u901a\u77e5\uff0c\u5247\u9808\u5728\u7372\u6089\u5f8c\u76e1\u5feb\u5408\u7406\u5207\u5be6\u53ef\u884c\u7bc4\u570d\u5167\u901a\u77e5\uff09\uff0c\u4e26\u96a8\u5f8c\u520a\u767c\u516c\u544a \u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u806f\u4ea4\u6240\u4ea6\u6703\u65bc\u5176<a href=\"https:\/\/www.hkex.com.hk\/Services\/Settlement-and-Depository\/USM?sc_lang=zh-HK\" target=\"_blank\" rel=\"noopener\">\u7121\u7d19\u8b49\u5238\u5e02\u5834\u7db2\u9801<\/a>\u6309\u5b63\u520a\u767b\u9810\u8a08\u65bc\u672a\u4f86\u4e09\u500b\u6708\u5167\u6210\u70ba\u53c3\u8207\u8b49\u5238\u7684\u8a02\u660e\u8b49\u5238\u540d\u55ae\uff0c\u9023\u540c\u5df2\u6210\u70ba\u53c3\u8207\u8b49\u5238\u7684\u8b49\u5238\u540d\u55ae\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u66ab\u6b62\u671f<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u5f37\u70c8\u5efa\u8b70\u767c\u884c\u4eba\u5728\u53c3\u8207\u65e5\u671f\u524d13\u500b\u71df\u696d\u65e5\u81f3\u53c3\u8207\u65e5\u671f\u5f8c10\u500b\u71df\u696d\u65e5\uff08\u5305\u62ec\u53c3\u8207\u65e5\u671f\u7576\u65e5\uff09\u7684\u671f\u9593\uff08\u300c<strong>\u66ab\u6b62\u671f<\/strong>\u300d\uff09\u5167\u907f\u514d\u9032\u884c\u516c\u53f8\u884c\u52d5 \u3002\u70ba\u514d\u751f\u7591\u554f\uff0c\u73fe\u91d1\u80a1\u606f\u7684\u652f\u4ed8\u53ca\u80a1\u6771\u5927\u6703\u7684\u8209\u884c\u4ecd\u53ef\u65bc\u66ab\u6b62\u671f\u5167\u9032\u884c \u3002\u6b64\u5916\uff0c\u8b93\u53d7\u8b93\u4eba\u6709\u6b0a\u53d6\u5f97\u7d19\u672c\u8b49\u660e\u66f8\u7684\u6700\u5f8c\u767b\u8a18\u8f49\u8b93\u65e5\u70ba\u53c3\u8207\u65e5\u671f\u524d10\u500b\u71df\u696d\u65e5\uff0c\u4e14\u4e0d\u5f97\u70ba\u622a\u6b62\u904e\u6236\u65e5\u3002\u767c\u884c\u4eba\u61c9\u73fe\u5728\u6aa2\u8996\u5176\u516c\u53f8\u884c\u4e8b\u65e5\u7a0b\uff0c\u627e\u51fa\u4efb\u4f55\u6216\u9700\u570d\u7e5e\u53c3\u8207\u65e5\u671f\u91cd\u65b0\u5b89\u6392\u7684\u8a08\u5283\u4e2d\u516c\u53f8\u884c\u52d5\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #9351a0;\"><strong><u>\u7b2c\u4e94\u7bc0\uff1a\u53c3\u8207\u5f8c\u7684\u8cac\u4efb<\/u><\/strong><\/span><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>\u8b49\u5238\u4e00\u65e6\u6210\u70ba\u53c3\u8207\u8b49\u5238\u5f8c\uff0c\u6240\u6709\u65b0\u55ae\u4f4d\u5747\u9808\u4ee5\u7121\u7d19\u5f62\u5f0f\u767c\u884c\uff0c\u4e14\u4e0d\u5f97\u767c\u51fa\u65b0\u7684\u6240\u6709\u6b0a\u6587\u66f8\uff0c\u60df\u767c\u884c\u4eba\u5df2\u78ba\u4fdd\uff1a(i) \u8a72\u7b49\u8b49\u5238\u5df2\u5728\u5176\u6301\u6709\u4eba\u767b\u8a18\u518a\u4e2d\u8a18\u9304\u70ba\u4ee5\u7121\u7d19\u5f62\u5f0f\u6301\u6709\uff1b\u53ca (ii) \u8a72\u7b49\u8b49\u5238\u7684\u6301\u6709\u4eba\u662f\u767c\u884c\u4eba\u7684\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u7684\u7121\u7d19\u8b49\u5238\u767b\u8a18\u53ca\u8f49\u8b93\u7cfb\u7d71\u7684\u7cfb\u7d71\u6210\u54e1\u6216\u81e8\u6642\u7cfb\u7d71\u6210\u54e1\u3002\u539f\u6709\u7684\u6240\u6709\u6b0a\u6587\u66f8\u5728\u88ab\u8a3b\u92b7\u4e4b\u524d\u5c07\u7dad\u6301\u6709\u6548\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u7121\u8acb\u6c42\u800c\u53bb\u5be6\u7269\u5316<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u767c\u884c\u4eba\u53ef\uff08\u4e26\u9f13\u52f5\u767c\u884c\u4eba\uff09\u5728\u5df2\u6536\u5230\u6709\u95dc\u73fe\u6709\u8b49\u5238\u55ae\u4f4d\u7684\u539f\u6709\u6240\u6709\u6b0a\u6587\u66f8\u7684\u60c5\u6cc1\u4e0b\uff0c\u5373\u4f7f\u4e26\u7121\u53bb\u5be6\u7269\u5316\u8acb\u6c42\uff0c\u4ecd\u5c07\u8a72\u7b49\u55ae\u4f4d\u53bb\u5be6\u7269\u5316\u3002\u6b64\u9805\u53bb\u5be6\u7269\u5316\u6b0a\u529b\u7531\u300a\u7121\u7d19\u8b49\u5238\u5e02\u5834\u898f\u5247\u300b\u6240\u8ce6\u4e88\uff0c\u4e26\u6db5\u84cb\u4ee5\u4e0b\u60c5\u6cc1\uff1a\u8b49\u5238\u6301\u6709\u4eba\u5c31\u6240\u6709\u6b0a\u6587\u66f8\u6240\u6d89\u8b49\u5238\u8981\u6c42\u90e8\u5206\u53bb\u5be6\u7269\u5316\u6216\u8f49\u8b93\uff0c\u4ee5\u53ca\u80a1\u4efd\u62c6\u7d30\u6216\u5408\u4f75\u7b49\u5b89\u6392\u3002\u5982\u767c\u884c\u4eba\u4fe1\u7d0d\u67d0\u6240\u6709\u6b0a\u6587\u66f8\u5df2\u907a\u5931\uff0c\u4ea6\u53ef\u5c07\u8a72\u907a\u5931\u6587\u66f8\u6240\u6d89\u55ae\u4f4d\u53bb\u5be6\u7269\u5316\u3002\u5373\u4f7f\u53bb\u5be6\u7269\u5316\u662f\u7531\u767c\u884c\u4eba\u4e3b\u52d5\u9032\u884c\uff0c\u767c\u884c\u4eba\u7684\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u4ecd\u53ef\u5411\u767b\u8a18\u6301\u6709\u4eba\u6536\u53d6\u53bb\u5be6\u7269\u5316\u8cbb\u7528\uff0c\u672a\u6709\u7e73\u4ed8\u8a72\u8cbb\u7528\u53ef\u5c0e\u81f4\u62d2\u7d55\u8fa6\u7406\u6709\u95dc\u8b49\u5238\u7684\u8f49\u8b93\u767b\u8a18\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u53bb\u5be6\u7269\u5316\u8acb\u6c42<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u767c\u884c\u4eba\u53ef\uff08\u4ea6\u61c9\uff09\u61c9\u8b49\u5238\u6301\u6709\u4eba\u7684\u8981\u6c42\u5c07\u8a02\u660e\u8b49\u5238\u7684\u55ae\u4f4d\u53bb\u5be6\u7269\u5316\uff0c\u60df\u9808\u7b26\u5408\u4ee5\u4e0b\u689d\u4ef6\uff1a(i) \u8a72\u7b49\u8b49\u5238\u7684\u767b\u8a18\u6301\u6709\u4eba\u6216\u53d7\u8b93\u4eba\u662f\u76f8\u61c9\u7121\u7d19\u8b49\u5238\u767b\u8a18\u53ca\u8f49\u8b93\u7cfb\u7d71\u7684\u7cfb\u7d71\u6210\u54e1\uff1b\u53ca (ii) \u767c\u884c\u4eba\u5df2\u6536\u5230\u6709\u6548\u7684\u6240\u6709\u6b0a\u6587\u66f8\uff0c\u6216\u4fe1\u7d0d\u8a72\u6240\u6709\u6b0a\u6587\u66f8\u5df2\u907a\u5931\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u8b49\u5238\u7684\u6301\u6709\u4eba\u767b\u8a18\u518a<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u767c\u884c\u4eba\u5fc5\u9808\u78ba\u4fdd\u6301\u6709\u4eba\u767b\u8a18\u518a\u6b63\u78ba\u8a18\u9304\u7121\u7d19\u6301\u5009\uff0c\u4ee5\u66f8\u9762\u901a\u77e5\u6301\u6709\u4eba\u76f8\u95dc\u8b8a\u66f4\uff0c\u4e26\u5bb9\u8a31\u6301\u6709\u4eba\u67e5\u95b1\u53ca\uff08\u7e73\u4ed8\u8cbb\u7528\u5f8c\uff09\u8907\u88fd\u5176\u672c\u8eab\u7684\u8a18\u9805\u3002\u9808\u6ce8\u610f\u5728\u7121\u7d19\u8b49\u5238\u5e02\u5834\u5236\u5ea6\u4e0b\uff0c\u8b49\u5238\u7684\u6301\u6709\u4eba\u767b\u8a18\u518a\u6bcf\u6b21\u4e0d\u5f97\u9589\u5c01\u8d85\u904e\u9023\u7e8c\u5169\u500b\u71df\u696d\u65e5\uff0c\u6216\u65bc\u4efb\u4f55\u66ab\u505c\u8a72\u7b49\u8b49\u5238\u8cb7\u8ce3\u7684\u671f\u9593\u5167\u9589\u5c01\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u91cd\u65b0\u5be6\u7269\u5316<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u9664\u8b49\u5238\u6b63\u88ab\u9664\u724c\u6216\u8b49\u76e3\u6703\u5df2\u6279\u51fa\u8c41\u514d\u5916\uff0c\u4e00\u822c\u7981\u6b62\u91cd\u65b0\u5be6\u7269\u5316\u3002\u767c\u884c\u4eba\u65bc\u9664\u724c\u6642\uff0c\u9808\u5f9e\u767b\u8a18\u518a\u4e2d\u79fb\u9664\u7121\u7d19\u8a18\u9805\uff0c\u5982\u6709\u9700\u8981\u5247\u767c\u51fa\u6240\u6709\u6b0a\u6587\u66f8\uff0c\u4e26\u4ee5\u66f8\u9762\u5411\u53d7\u5f71\u97ff\u7684\u6301\u6709\u4eba\u78ba\u8a8d\u6709\u95dc\u79fb\u9664\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u9055\u53cd\u7684\u5f8c\u679c<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\u5728\u6c92\u6709\u5408\u7406\u8faf\u89e3\u7684\u60c5\u6cc1\u4e0b\u9055\u53cd\u7121\u7d19\u8b49\u5238\u5e02\u5834\u8cac\u4efb\u7684\u767c\u884c\u4eba\uff0c\u53ef\u88ab\u5224\u8655\u7b2c4\u7d1a\u6216\u7b2c5\u7d1a\u7f70\u6b3e\uff08\u6e2f\u5e6325,000\u5143\u81f350,000\u5143\uff09\uff0c\u7f6a\u884c\u6301\u7e8c\u671f\u9593\u5728\u5927\u90e8\u5206\u60c5\u6cc1\u4e0b\u6bcf\u65e5\u53e6\u52a0\u7f70\u6b3e\u6e2f\u5e63700\u5143\uff0c\u4e26\u5728\u82e5\u5e72\u60c5\u6cc1\u4e0b\u4ea6\u53ef\u80fd\u4ee4\u6709\u95dc\u8b49\u5238\u662f\u5426\u9069\u5b9c\u4e0a\u5e02\u6216\u7dad\u6301\u4e0a\u5e02\u5730\u4f4d\u53d7\u5230\u8cea\u7591\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #9351a0;\"><strong><u>\u7b2c\u516d\u7bc0\uff1a\u4e0b\u4e00\u6b65\u884c\u52d5<\/u><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>\u4e0a\u5e02\u767c\u884c\u4eba\u7121\u9700\u7b49\u5f85\u6307\u660e\u65e5\u671f\u7684\u6b63\u5f0f\u66f8\u9762\u901a\u77e5\u4e0b\uff0c\u61c9\uff1a(i) \u958b\u59cb\u6aa2\u8996\u5176\u7ae0\u7a0b\u6587\u4ef6\uff1b(ii) \u4ee5\u66f8\u9762\u78ba\u8a8d\u5176\u6838\u51c6\u8b49\u5238\u767b\u8a18\u6a5f\u69cb\u7684\u7121\u7d19\u8b49\u5238\u767b\u8a18\u53ca\u8f49\u8b93\u7cfb\u7d71\u6e96\u5099\u5c31\u7dd2\u72c0\u6cc1\uff1b\u53ca (iii) \u5c07\u5176\u516c\u53f8\u884c\u52d5\u65e5\u7a0b\u8207\u9810\u671f\u7684\u66ab\u6b62\u671f\u9032\u884c\u5c0d\u7167\u3002<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><em>\u672c\u901a\u8a0a\u50c5\u4f9b\u4e00\u822c\u53c3\u8003\u4e4b\u7528\uff0c\u4e26\u4e0d\u69cb\u6210\u6cd5\u5f8b\u610f\u898b\u3002\u672c\u901a\u8a0a\u4e26\u975e\u8a73\u76e1\u7121\u907a\uff0c\u4ea6\u672a\u6db5\u84cb\u767c\u884c\u4eba\u53ef\u80fd\u9808\u8003\u616e\u7684\u6240\u6709\u4e8b\u5b9c\u3002\u5982\u9700\u9032\u4e00\u6b65\u8cc7\u6599\uff0c\u8acb\u806f\u7d61\u672c\u901a\u8a0a\u7684\u4f5c\u8005\u6216\u60a8\u5728<\/em><em>CFN Lawyers LLP<\/em><em>\u7684\u4e00\u8cab\u806f\u7d61\u4eba\uff0c\u4ee5\u53d6\u5f97\u5354\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\">\u8907\u88fd\u93c8\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\/tc\/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>\u9ec3\u6d69\u7136<\/span>\r\n                                <\/div>\r\n                            <\/a>\r\n                                                    <a href=\"https:\/\/www.cfnlaw.com.hk\/tc\/post-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>\u856d\u5764\u8ce2<\/span>\r\n                                <\/div>\r\n                            <\/a>\r\n                        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