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HONG KONG STOCK TRADING CHARGES
| Commission Charge | Internet Trading: 0.0588% Minimum HK$50; Brokerage Service: Negotiable |
| Transaction Fee | 0.00565% (rounded to the nearest cent) |
| SFC Transaction Levy | 0.0027% (rounded to the nearest cent) |
| Stamp Duty | 0.10% (rounded up to the nearest dollar) |
| CCASS Stock Settlement Fee | 0.005% of the transaction amount (0.002% charged on behalf of HKSCC) (minimum HK$5) (maximum HK$200) |
| AFRC Transaction Levy | 0.00015% (rounded to the nearest cent) |
| Gray Market Trading Charges | Minimum charge per order is HK$150 (commission rate remains unchanged) |
| Collection of Italian Financial Transaction Tax (Italian Government) (only applicable to Italian companies listed in Hong Kong) | 0.1% of the net purchase of the day (may be subject to other foreign jurisdictions tax charged by home tax authorities of the issued company. For details, investors are advised to consult their tax advisors or refer to the issuer announcements.) |
OTHER DELIVERY CHARGES
| FEES FOR PHYSICAL SCRIP DELIVERY OR TRANSFERRING WAREHOUSES VIA CENTRAL CLEARING | |
|---|---|
| Withdrawal of Physical Stocks | HK$5 per board lot (minimum charge HK$100) |
| Deposit of Physical Stocks | free* |
| Share Transfer Tax | HK$5 per transfer deed/certificate |
| Withdrawal of stocks through entral clearing | 0.1% of the stock market value (minimum charge of HK$400) |
| Deposit stocks through central clearing | free* |
| Individual Investor Settlement (ISI) – Deposit | free* |
| Individual Investor Settlement (ISI) – Withdrawal | HK$20 per share |
| NOMINEE FEES | |
|---|---|
| Share Storage Charges | free* |
| Collection of bonus shares (only applicable to margin account customers) | HK$5 per board lot (minimum HK$50; maximum charge HK$3,500) |
| Transfer fee (applicable to Hong Kong stocks) | HK$3 per board lot |
| Dividend collection | 0.5% of the dividend amount (minimum HK$50; maximum HK$3,500) other charges/taxes (if any) |
| Dividend collection (outside Hong Kong stock) | 0.5% of the dividend amount (minimum HK$50; maximum HK$3,500) |
| Collection of equity | free* |
| Exercise of Shares/Warrants/Covered Warrants | HK$1 per board lot (minimum HK$50) + central settlement fee HK$0.8 yuan per board lot (maximum HK$10,000) |
| Dividend claim | 1% of the dividend amount per period (minimum charge is HK$500; maximum charge is HK$5,000) |
| chasing bonus claim | Charge HK$5 per borad lot per period (minimum charge HK$500; maximum charge HK$5,000) |
| Service fee for performance of rights and obligations (share consolidation/split) | free* |
| Cash Offer / Rights Issue | 0.1% of the purchase amount (minimum KH$100) central settlement fee HK$0.8 yuan per board lot (maximum HK$10,000) other fees/taxes (if any) |
| OTHER/ADDITIONAL FEES | |
|---|---|
| Wire Transfer Overseas | HK$500 (provide withdrawal information (customer name, bank name and address) in English) KH$500 (provide withdrawal information (customer name, bank name and address) in Chinese) |
| Payment by Local Bank Transfer System (CHATS) | HK$340 (provide withdrawal information (customer name, bank name and address) in English) HK$340 (provide withdrawal information (customer name, bank name and address) in Chinese) |
| Certificate of Account Balance | HK$200 per page |
| Audit certificate (applicable to corporate customers) | HK$500 per page |
| check returned | HK$500 plus penalty interest |
| reissue monthly statement | HK$100 per month |
*Only for normal tradable stocks (non-suspended), the company reserves the right of final decision
Electronic Initial public offering (eIPO) Handling fee waived
eIPO offers a convenient channel to the customers to subscribe new issue shares. Now you can use South China online IPO services to apply an IPO, and South China Financial will waive handling fees during the promotion period. The cut-off time of subscription will be 12:00 noon the day before the official deadline. The total subscription amount will be directly debited from the account on the date the application closes. Allotted shares will be credited to the stock balance of the account on the allotment date.
The application procedure is as below:
Clients can simply log on to their trading accounts, choose "Apply IPO" and key-in the subscription number of shares and other details.
IPO Margin Financing Services
South China Securities offer IPO financing to our customers at a competitive interest rate. We can lend up to 90% of the value of shares you subscribed for, thus leveraging your buying power. Please contact our customer service hotline 2111-2222 for more details.
Internet Securities Margin Financing Services
South China Securities provides online Securities Margin Financing Services, allowing customers to flexibly employ funds to grasp investment opportunities at will.
Customers can take advantage of margin credit to participate in stocks trading without the need to deposit full amount, and therefore could result in a greater return *.
Example: Assume you have a cash balance of HKD 50,000 and would like to purchase stock XX, and stock XX's acceptable value (%) is 60%. Stock XX's current price is HKD 10.
| CASH ACCOUNT | MARGIN FINANCING ACCOUNT | |
|---|---|---|
| Amount Available for Purchase | HKD 50,000 | HKD 125,000 60% acceptable value means we provide stock XX with 60% credit amount. Clients are only required to deposit 40% margin – HKD 50,000, to purchase (HKD 50,000 / 1 – 0.6) worth of stock. |
| Purchasable # of shares | 5,000 Shares (HKD 50,000 / HKD 10) | 12,500 Shares (HKD 125,000 / HKD 10) |
Attention: If you purchase stocks by cash account, you must repay the full amount within 2 days (T + 2) after trading day (T). Yet margin financing account does not require minimum repayment within a specific time frame if the margin value (MV) was below 100%.
Note: Acceptable Value is within 10% – 95% of stock's market value, for more inquiries please call our customer services hotline.
Free Margin Call Reminder Service
If the value of your investment portfolio drops, meaning the total loan amount (including unsettled position) is higher than the total acceptable value for marginable securities, we will notify you by text message through our trading platform or contact you by phone.Margin Rate
Our Existing Margin Financing Rate is: Standard Chartered Bank's Prime Rate (P + 4%) *** Risk of Securities Margin Service
The risk of loss in financing a transaction by deposit of collateral is significant. Due to the prices of securities fluctuate, sometimes dramatically, You may sustain losses in excess of your cash and any other assets deposited as collateral with us. Market conditions may make it impossible to execute contingent orders, such as "limit" orders so as to limit your losses. You may be called upon at short notice to make additional margin or interest payments. If the required margin or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives. It is likely that losses will be incurred rather than profits made as a result of buying and selling securities.** The exiting Hong Kong Standard Chartered Bank's Prime Rate (P) is 5.25% p.a. Accordingly, the Margin Financing Rate is therefore 9.25% p.a. Please note that the "P" will be adjusted at any time due to market conditions and South China will not give prior notices.
| Commission charge | 0.15% of the transaction amount / Minimum RMB 50 |
| Handling fee | 0.00341% of the transaction amount (charged in RMB) |
| Management fee | 0.002% of the transaction amount (charged in RMB) |
| Transfer fee | 0.001% of the transaction amount (charged in RMB) will be collected on behalf of China Clearing House 0.002% of the transaction amount (charged in RMB) will be collected on behalf of the Central Clearing House |
| Transaction stamp duty ~ applicable to the seller | 0.05% of the transaction amount (charged in RMB) |
| Portfolio fee | 0.008% of the daily stock portfolio value (in Hong Kong dollars) |
| STOCK MARKET | COMMISSION CHARGE | MINIMUM COMMISSION |
|---|---|---|
| US | 0.2% | USD 20 |
| Australia | 0.50% | AUD 120 |
| Canada | 1% | CAD 150 |
| Shanghai, China | 0.30% | USD 120 |
| Shenzhen, China | 0.30% | HKD 200 |
| Indonesia | 0.80% | USD200 |
| Japan | 0.40% | JPY 900 |
| South Korea | 0.50% | WON 60000 |
| Malaysia | 0.60% | MYR 500 |
| Singapore | 0.40% | SGD 180 |
| Taiwan | 0.25% | USD 125/TWD 4000 |
| Thailand | 0.45% | THB 5000 |
| UK | 0.50% | GBP 80 |
| Hang Seng Index Futures | Order via Customer Service Officer | Order via electronic channels |
|---|---|---|
| Commission Charge (per contract) | Commission Charge (per contract) | HK $12 |
| transaction levy | HK $0.54 | |
| Exchange Fees | HK $10 | |
| Mini-Hang Seng Index Futures | Order via Customer Service Officer | Order via electronic channels |
|---|---|---|
| Commission Charge (per contract) | Commission Charge (per contract) | HK $5 |
| transaction levy | HK $0.1 | |
| Exchange Fees | HK $3.5 | |
| HSCEI Futures | Order via Customer Service Officer | Order via electronic channels |
|---|---|---|
| Commission Charge (per contract) | Commission Charge (per contract) | HK $12 |
| transaction levy | HK $0.54 | |
| Exchange Fees | HK $3.5 | |
| Small HSCEI Futures | Order via Customer Service Officer | Order via electronic channels |
|---|---|---|
| Commission Charge (per contract) | Commission Charge (per contract) | HK $5 |
| transaction levy | HK $0.1 | |
| Exchange Fees | HK $2 | |
| USD/CNH Futures | Order via Customer Service Officer | Order via electronic channels |
|---|---|---|
| Commission Charge (per contract) | Commission Charge (per contract) | Commission Charge (per contract) |
| Exchange Fees | RMB 8 | |
| CES China 120 Index | Order via Customer Service Officer | Order via electronic channels |
|---|---|---|
| Commission Charge (per contract) | Commission Charge (per contract) | Commission Charge (per contract) |
| transaction levy | HK $0.54 | |
| Exchange Fees | HK $10 | |
| London Metal Futures Mini Contract | London Aluminum Futures Mini Contract | London Zinc Futures Mini Contract | London Copper Futures Mini Contract |
|---|---|---|---|
| Commission Charge (per contract) | Commission Charge (per contract) | Commission Charge (per contract) | Commission Charge (per contract) |
| transaction levy | RMB 0.54 (per piece) | ||
| Exchange Fees | RMB 1.2 (per piece) | RMB 1.2 (per piece) | RMB 1.2 (per piece) |
| Stock Futures | Order via Customer Service Officer | Order via electronic channels |
|---|---|---|
| Commission Charge (per contract) | Negotiable | HK$12 (same day) / HK$20 (overnight) |
| transaction levy | HK$0.10 | |
| Exchange Fees | Category 1: HK$3.0 Category 2: HK$1.0 Category 3: HK$0.5 | |
| Order via Customer Service Officer | Order via electronic channels | |
|---|---|---|
| Brokerage | ||
| commission charge | Negotiable | 0.25% of option premium (minimum HK$20) |
| transaction fee | Class 1: HK $3 Class 2: HK $1 Class 3: HK $0.5 | |
| FEES WHEN EXERCISING OR BEING EXERCISED | |
|---|---|
| commission charge | Same as buying and selling stocks |
| Exercise fee (charged by the exchange) | HK $2 |
| Fees for exercising options via the clearing house | HK $50 |
| Duty fee | HK$1.3 for every HK$1,000 |
| transaction levy | 0.0027% |
| transaction fee | 0.005% |
| CCASS Stock Settlement Fee | 0.002% (Min HK$2; Max HK$100) |
| Hang Seng Index Options | Order via Customer Service Officer | Order via electronic channels |
|---|---|---|
| Commission Charge (per contract) | Negotiable | HK $12 |
| transaction levy | HK $0.54 | |
| Exchange Fees | HK $10 | |
| Mini Hang Seng Index Options | Order via Customer Service Officer | Order via electronic channels |
|---|---|---|
| Commission Charge (per contract) | Negotiable | HK $5 |
| transaction levy | HK $0.1 | |
| Exchange Fees | HK $2 | |
| HSCEI Options | Order via Customer Service Officer | Order via electronic channels |
|---|---|---|
| Commission Charge (per contract) | Negotiable | HK $12 |
| transaction levy | HK $0.54 | |
| Exchange Fees | HK $3.5 | |
| Mini HSCEI Options | Order via Customer Service Officer | Order via electronic channels |
|---|---|---|
| Commission Charge (per contract) | Negotiable | HK $5 |
| transaction levy | HK $0.54 | |
| Exchange Fees | HK $1 | |
| Mutual Fund Trade | Upfront fee | Max: market value not larger than 5.25% |
| Transfer fee 0.3%, min HKD300 | ||
| Bond Trade | Commission | Free |
| Settlement fee | HKD 50 Per transaction | |
| Custody fee | Market Value 0.05% p.a. (Collected monthly with a minimum charge of HKD 200 for retail bonds and HKD 20,000 for non-retail bonds) | |
| Nominees Service Fees | Dividend collection fee | Dividend value 0.5% Min: HKD50 / USD5 / GBP5 / RMB 40 Max: HKD1,000 / USD130 / GBP100 / RMB800 |
| Early redemption | Free | |
| Redemption | Free | |
| Convert to share | HKD1,500 per order | |
| SI out fee | HKD 300 per order, plus Settlement fee HKD 600 | |
| Out-of-Pocket/Communication/ Third-party Expenses | Expenses as incurred |
The above fee schedule is NOT applicable to HK Exchange trade bond, eg ibond. Such kind of bond will be charged according to HK stock market fee schedule.
The charge is waived