许正宇预期，日后会累积更多成功案例，公司注册处定会继续积极协助有意申请迁册的公司，各相关部 门也会持续对外推广迁册来港的好处，包括消除双重课税等，以期吸引更多在香港以外地区注册的企业 来港。 香港财库局局长许正宇表示，感谢公司注册处同事努力高效的工作，在收齐申请人所需文件和资料后， 两星期内已迅速完成审批工作。市场对迁册制度的反应十分正面，公司注册处近月陆续收到公司迁册申 请及大量查询，反映企业对香港的营商环境充满信心。 智通财经APP获悉，香港公司迁册制度今年5月生效后，今日(10月22日)完成首宗获批核的公司迁册申 请。中油国际投资(香港)有限公司(PetroChina Investment (Hong Kong) Limited)旗下子公司正式收到香港 公司注册处发出的迁册证明书。该公司表示，选择迁册到香港，不仅有助于整合企业架构，提升营运效 率，还能享受到香港简单税制和优质专业服务的多重好处。 ...

Core Viewpoint - Guosheng Securities maintains an "overweight" rating on China Resources Beverage, highlighting the company's strong position in the beverage industry and its focus on growth in the Hong Kong market [1] Group 1: Company Strategy and Market Position - The company emphasizes the importance of water as a necessity that can withstand business cycles, with a clear advantage from years of deep cultivation in the industry [1] - The company is focusing on increasing its self-produced ratio while decreasing its outsourcing ratio, which is expected to enhance profit margins [1] - The company is committed to maintaining stable operations in the Hong Kong market, benefiting from the new company registration system introduced by the Hong Kong government [1] Group 2: Business Development and Product Innovation - In the packaging water segment, the company adheres to a multi-brand and multi-water source development strategy, with a focus on the Yibao and Benyou brands [2] - In the beverage segment, the company launched 14 new SKU products in the first half of 2025, aiming to develop a second growth curve [2] - Key product developments include tea beverages, fruit juices, and other drinks such as sports drinks and coffee beverages [2]

Core Viewpoint - Guosheng Securities maintains an "overweight" rating on China Resources Beverage (02460), highlighting the company's strong position in the essential water category and its focus on beverage business development, which is expected to lead to revenue recovery [1] Group 1: Company Strategy - The company emphasizes the importance of the Hong Kong market and maintains stable operations, with the recent relocation of its registration aimed at simplifying cross-border compliance and enhancing operational continuity [1] - The relocation is based on several considerations, including the retention of legal entity status under Hong Kong's new registration system, the stability and predictability of the business environment, and the strengthening of investor confidence [1] Group 2: Financial Performance - The company is expected to see improved profit margins due to an increase in self-produced products and a decrease in outsourcing [1] - The report indicates that the company will continue to operate steadily without changes to its assets, investments, management, or financial status as a result of the relocation [1] Group 3: Product Development - In the packaging water segment, the company adheres to a multi-brand and multi-water source development strategy, focusing on brands like Yibao and Benyou [1] - For the first half of 2025, the company plans to launch 14 new SKU products, targeting the second growth curve with new offerings in tea beverages, fruit juices, and other drinks such as sports drinks and coffee [1]

Core Viewpoint - The Hong Kong government is actively promoting the relocation of overseas companies to Hong Kong, highlighting the positive response from companies in Canada with insurance and banking ties in Asia following the recent legislative changes [1] Group 1: Legislative Changes - The Hong Kong Legislative Council passed the Company (Amendment) (No. 2) Bill 2024 on May 14, facilitating the relocation of companies established abroad to Hong Kong [1] - The amended regulations will take effect on May 23, leading to significant interest in the relocation process [1] Group 2: Market Response - On the day the regulations took effect, the Companies Registry recorded 9,000 downloads of related documents and received over 100 inquiries, indicating strong market interest in relocating to Hong Kong [1] - The government anticipates that more companies will express interest in relocating to Hong Kong due to the new mechanisms [1] Group 3: Competitive Advantages - Hong Kong's unique position under "One Country, Two Systems" provides advantages of being connected to the mainland while engaging with the global market [1] - The region boasts a robust corporate governance framework and strong resources, making it attractive for overseas companies [1] - The relocation of companies will create opportunities for legal, accounting, and other professional services in Hong Kong [1]

Core Point - The Hong Kong Special Administrative Region government has announced the immediate acceptance of applications for company migration, effective from the publication of the "Companies (Amendment) (No. 2) Ordinance 2025" [1] Group 1 - The ordinance allows companies established outside of Hong Kong to apply for migration to the region [1] - Eligible company types for migration include private limited companies, public limited companies, private unlimited companies with share capital, and public unlimited companies with share capital, as well as similar types [1]

Group 1 - The Hong Kong SAR government announced the effectiveness of the Companies (Amendment) Ordinance 2025, allowing companies established outside Hong Kong to apply for registration in Hong Kong [1] - The types of companies eligible for registration include private limited companies, public limited companies, private unlimited companies with share capital, and public unlimited companies with share capital [1] - The Financial Secretary highlighted that the new registration mechanism will help companies navigate adverse external business environments and enhance Hong Kong's role as a "super connector" and "super value creator" [1] Group 2 - The Hong Kong Insurance Authority stated that the new framework provides a simple and cost-effective solution for companies seeking to relocate to Hong Kong [2] - Local insurance companies registered overseas have shown strong interest in the new system, indicating a desire to leverage opportunities from the Greater Bay Area [2]

Group 1 - The Hong Kong government estimates that approximately 537,200 permanent residents will spend half or more of their time in Guangdong Province in 2024, with about 109,900 of them being aged 65 or older, indicating significant potential in the silver market [1] - The Hong Kong Insurance Authority has been actively encouraging the industry to develop innovative products that integrate high-quality elderly care services in the Greater Bay Area, aiming to meet the needs of the elderly population [1] - Hong Kong's insurance density is the second highest in the world and the highest in Asia, with six of the world's top ten insurance companies operating in Hong Kong, highlighting the region's stability as a business location for the insurance industry [1] Group 2 - The new company migration system, effective from May 23, allows companies established abroad to retain their corporate identity while transferring their registered location back to Hong Kong, ensuring business continuity and benefiting from Hong Kong's efficient corporate governance and tax system [2] - The Hong Kong government encourages foreign insurance companies to utilize the migration mechanism to return to Hong Kong, especially those whose primary business is in Hong Kong, to mitigate adverse external business conditions [2]

Core Points - The Hong Kong Legislative Council passed the Company (Amendment) (No. 2) Ordinance 2024 on May 14, facilitating the migration of foreign companies to Hong Kong [1] - The revised ordinance allows non-Hong Kong incorporated companies to apply for migration if they meet requirements related to company background, integrity, member and creditor protection, and solvency [1] - Companies migrating to Hong Kong will retain their legal entity status and ensure business continuity, with their assets, rights, obligations, and legal responsibilities unaffected during the process [1] - Companies will be subject to taxation on similar profits in Hong Kong post-migration, but the government will provide unilateral tax credits to eliminate double taxation [1] - The revised ordinance will take effect on May 23, and the migration mechanism will accept applications from the same date [1]