Hong Kong SAR pcl vs Limited

Public Company Limited by Shares is a legal entity registered in the Hong Kong Special Administrative Region. It belongs to the joint-stock system, which means that shareholders collectively own the company's equity. As a limited liability company, the shareholders' liability is limited to the amount of shares they have subscribed for. This entity can participate in the market publicly, and its shares can be listed and traded on the stock exchange. According to the Hong Kong Companies Ordinance, this entity requires at least one shareholder and one director; there is no need to appoint a legal representative or have a local resident serve as a director. However, it does require a company secretary to handle the company's daily management and legal affairs. The minimum registered capital is 50,000 Hong Kong dollars, and there is no requirement for capital verification. It is important to note that the shareholders and directors of this entity can be the same person.