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Regulatory Requirements
 12 Months Ended
Mar. 31, 2023
Regulatory Requirements [Abstract]  
Regulatory Requirements

14. Regulatory Requirements

 

The following table illustrates the minimum regulatory capital as established by the Hong Kong Securities and Futures Commission that the Company’s subsidiaries were required to maintain as of March 31, 2023 and 2022, and the actual amounts of capital that were maintained.

 

Capital requirements as of March 31, 2023

 

   Minimum             
   Regulatory   Capital   Excess   Percent of 
   Capital   Levels   Net   Requirement 
   Requirements   Maintained   Capital   Maintained 
Zhong Yang Securities Limited  $382,170   $4,790,634   $4,408,464    1,254%
Zhong Yang Capital Limited   382,170    642,556    260,386    168%
Total  $764,340   $5,433,190   $4,668,850    711%

 

Capital requirements as of March 31, 2022

 

   Minimum             
   Regulatory   Capital   Excess   Percent of 
   Capital   Levels   Net   Requirement 
   Requirements   Maintained   Capital   Maintained 
Zhong Yang Securities Limited  $383,019   $5,107,820   $4,724,801    1,334%
Zhong Yang Capital Limited   383,019    647,686    264,666    169%
Total  $766,038   $5,755,506   $4,989,467    751%