Terms and Conditions apply to the Account opening welcome offers.
Eligible Cross-boundary WMC Southbound customers can enjoy up to total HKD7,800 rewards.
Net Remittance Amount to Southbound Investment Account |
Cash Reward Amount |
---|---|
Every RMB100,000 | HKD800 (capped at HKD 4,800) |
#Net Remittance Amount means the accumulated remittance amount from Southbound Remittance Account to Southbound Investment Account minus any accumulated remittance amount from Southbound Investment Account to Southbound Remittance Account. All the related remittance amounts shall be based on the records of the Bank.
Designated Products include eligible investment funds, bonds, certificates of deposit products and time deposits.
Terms and Conditions apply to the Remittance offer.
Relevant Investment Products | Accumulated investment amount (HKD or equivalent) | Cash reward (for every HKD500,000 accumulated investment amount) |
---|---|---|
Investment Funds and/or secondary market bonds | HKD500,000 to HKD3,000,000 |
HKD500 (maximum: HKD3,000) |
Certificate of Deposit Product | Every HKD500,000 | HKD400 (maximum: HKD2,400) |
Terms and Conditions apply to the above offer.
* According to the Regulatory Requirements on the Southbound Scheme under Cross-boundary WMC, the individual investor quota is RMB 3 million. If the investor simultaneously selects both a bank and a licensed corporation for investment, the individual investor quota allocated between the bank and the licensed corporation will be RMB 1.5 million each.
Time deposit amount | Tenor | Preferential interest rate |
---|---|---|
CNY 10,000 or above | 2 weeks | 8% p.a. |
USD 2,000 or above | 1 month |
The above interest rates are indicative as of 27 March 2024, for reference only and subject to revision based on the prevailing market conditions. Terms and Conditions apply.
There is quota cap of 550 customers for this offer on a first-come-first-served basis. Each Eligible Customer can enjoy either the CNY or USD New Fund Time Deposit Offer above only once during the Promotion Period.
View details of Investment Funds subscription fee offer .
How to be ready and open an account to invest in Cross-boundary WMC? | ||
---|---|---|
Cross-boundary WMC Northbound
eligible residents in Hong Kong
|
Open Cross-boundary WMC Northbound Remittance Account at designated Hang Seng Hong Kong branches | Open Cross-boundary WMC Northbound Investment Account at designated Hang Seng China branches |
Cross-boundary WMC Southbound eligible residents in the Greater Bay Area cities
|
Open Cross-boundary WMC Southbound Remittance Account at designated Hang Seng China branches | Open Cross-boundary WMC Southbound Investment Account at designated Hang Seng Hong Kong branches |
Notes:
This communication is for general information and reference only. It is not, and is not intended to be, a solicitation, recommendation, or advice on, or offer of, any investment services or products. Investors should note that all investments involve risks (including the possibility of loss of the capital invested). Prices or value of investment products may go up as well as down and past performance is not indicative of future performance. Investors should not only base on this material alone to make investment decisions, but should read the relevant offering documents of the investment products (including the full text of the risk factors stated therein) and risk disclosure statements of the relevant investment products in detail before making any investment decision. Investors should carefully consider whether an investment is suitable for them in view of their own investment objectives, investment experience, investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should understand the nature, terms and risks of the investment products. Investors should obtain independent professional advice if they have concerns about their investment. The contents of this communication have not been reviewed by any regulatory authority in Hong Kong.
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