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HONG KONG STOCK TRADING CHARGES

Commission ChargeInternet Trading: 0.0588% Minimum HK$50; Brokerage Service: Negotiable
Transaction Fee0.00565% (rounded to the nearest cent)
SFC Transaction Levy0.0027% (rounded to the nearest cent)
Stamp Duty0.10% (rounded up to the nearest dollar)
CCASS Stock Settlement Fee0.005% 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 ChargesMinimum 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 StocksHK$5 per board lot (minimum charge HK$100)
Deposit of Physical Stocksfree*
Share Transfer TaxHK$5 per transfer deed/certificate
Withdrawal of stocks through entral clearing0.1% of the stock market value (minimum charge of HK$400)
Deposit stocks through central clearingfree*
Individual Investor Settlement (ISI) – Depositfree*
Individual Investor Settlement (ISI) – WithdrawalHK$20 per share
NOMINEE FEES
Share Storage Chargesfree*
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 collection0.5% 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 equityfree*
Exercise of Shares/Warrants/Covered WarrantsHK$1 per board lot (minimum HK$50) + central settlement fee HK$0.8 yuan per board lot (maximum HK$10,000)
Dividend claim1% of the dividend amount per period (minimum charge is HK$500; maximum charge is HK$5,000)
chasing bonus claimCharge 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 Issue0.1% 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 BalanceHK$200 per page
Audit certificate (applicable to corporate customers)HK$500 per page
check returnedHK$500 plus penalty interest
reissue monthly statementHK$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 ACCOUNTMARGIN FINANCING ACCOUNT
Amount Available for PurchaseHKD 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 shares5,000 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 charge0.15% of the transaction amount / Minimum RMB 50
Handling fee0.00341% of the transaction amount (charged in RMB)
Management fee0.002% of the transaction amount (charged in RMB)
Transfer fee0.001% 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 seller0.05% of the transaction amount (charged in RMB)
Portfolio fee0.008% of the daily stock portfolio value (in Hong Kong dollars)
STOCK MARKETCOMMISSION CHARGEMINIMUM COMMISSION
US0.12%USD 20
Australia0.50%AUD 120
Canada1%CAD 150
Shanghai, China0.30%USD 120
Shenzhen, China0.30%HKD 200
Indonesia0.80%USD200
Japan0.40%JPY 900
South Korea0.50%WON 60000
Malaysia0.60%MYR 500
Singapore0.40%SGD 180
Taiwan0.25%USD 125/TWD 4000
Thailand0.45%THB 5000
UK0.50%GBP 80

Futures Margin Table

Hang Seng Index FuturesOrder via Customer Service OfficerOrder via electronic channels
Commission Charge (per contract)Commission Charge (per contract)HK $12
transaction levyHK $0.54
Exchange FeesHK $10
Mini-Hang Seng Index FuturesOrder via Customer Service OfficerOrder via electronic channels
Commission Charge (per contract)Commission Charge (per contract)HK $5
transaction levyHK $0.1
Exchange FeesHK $3.5
HSCEI FuturesOrder via Customer Service OfficerOrder via electronic channels
Commission Charge (per contract)Commission Charge (per contract)HK $12
transaction levyHK $0.54
Exchange FeesHK $3.5
Small HSCEI FuturesOrder via Customer Service OfficerOrder via electronic channels
Commission Charge (per contract)Commission Charge (per contract)HK $5
transaction levyHK $0.1
Exchange FeesHK $2
USD/CNH FuturesOrder via Customer Service OfficerOrder via electronic channels
Commission Charge (per contract)Commission Charge (per contract)Commission Charge (per contract)
Exchange FeesRMB 8
CES China 120 IndexOrder via Customer Service OfficerOrder via electronic channels
Commission Charge (per contract)Commission Charge (per contract)Commission Charge (per contract)
transaction levyHK $0.54
Exchange FeesHK $10
London Metal Futures Mini ContractLondon Aluminum Futures Mini ContractLondon Zinc Futures Mini ContractLondon Copper Futures Mini Contract
Commission Charge (per contract)Commission Charge (per contract)Commission Charge (per contract)Commission Charge (per contract)
transaction levyRMB 0.54 (per piece)
Exchange FeesRMB 1.2 (per piece)
RMB 1.2 (per piece)
RMB 1.2 (per piece)
Stock FuturesOrder via Customer Service OfficerOrder via electronic channels
Commission Charge (per contract)NegotiableHK$12 (same day) / HK$20 (overnight)
transaction levyHK$0.10
Exchange FeesCategory 1: HK$3.0
Category 2: HK$1.0
Category 3: HK$0.5



Order via Customer Service OfficerOrder via electronic channels
Brokerage
commission chargeNegotiable0.25% 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 chargeSame as buying and selling stocks
Exercise fee (charged by the exchange)HK $2
Fees for exercising options via the clearing houseHK $50
Duty feeHK$1.3 for every HK$1,000
transaction levy0.0027%
transaction fee0.005%
CCASS Stock Settlement Fee0.002% (Min HK$2; Max HK$100)
 Hang Seng Index OptionsOrder via Customer Service OfficerOrder via electronic channels
Commission Charge (per contract)NegotiableHK $12
transaction levyHK $0.54
Exchange FeesHK $10
Mini Hang Seng Index OptionsOrder via Customer Service OfficerOrder via electronic channels
Commission Charge (per contract)NegotiableHK $5
transaction levyHK $0.1
Exchange FeesHK $2
HSCEI OptionsOrder via Customer Service OfficerOrder via electronic channels
Commission Charge (per contract)NegotiableHK $12
transaction levyHK $0.54
Exchange FeesHK $3.5
Mini HSCEI OptionsOrder via Customer Service OfficerOrder via electronic channels
Commission Charge (per contract)NegotiableHK $5
transaction levyHK $0.54
Exchange FeesHK $1
Mutual Fund TradeUpfront feeMax: market value not larger than 5.25%
Transfer fee 0.3%, min HKD300
Bond TradeCommissionFree
Settlement feeHKD 50 Per transaction
Custody feeMarket 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 FeesDividend collection feeDividend value 0.5%
Min: HKD50 / USD5 / GBP5 / RMB 40
Max: HKD1,000 / USD130 / GBP100 / RMB800
Early redemptionFree
RedemptionFree
Convert to shareHKD1,500 per order
SI out feeHKD 300 per order, plus Settlement fee HKD 600
Out-of-Pocket/Communication/ Third-party ExpensesExpenses 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