The minimum capital requirement for a Type 9 (Asset Management) license issued by the Securities and Futures Commission depends on whether the corporation handles client custody. If the licensee is restricted by a formal licensing condition prohibiting it from holding client assets, it has no minimum paid-up share capital requirement but must maintain a minimum liquid capital floor of HKD 100,000. If the firm holds client assets directly, it must maintain a minimum paid-up share capital of HKD 5,000,000 alongside a minimum liquid capital of HKD 3,000,000.