Capital: What are the requirements of share capital (e.g. authroised vs issued, fully paid vs partly paid, etc.)?

The concept of “authorised share capital” and “issued share capital” have been abolished since the new HK Companies Ordinance becoming effective on 3 March 2014. Instead, the share capital is “fully paid”, “partly paid” or “unpaid”. There is no requirement on the minimum amount of a company’s paid-up capital under the Companies Ordinance. Although there is no deadline for paying the share capital, certain rights of the respective shareholder who has only partly paid his/her shares may be lost subject to the Articles of the company.

No capital injection audit is required in Hong Kong.