Terms and Conditions of the 0% Fund Subscription Fee Offer for New Investment Fund Account Opening (the “Offer”):

  1. The Promotion Period is from 1 January 2024 to 28 March 2024, both dates inclusive (the "Promotion Period").
  2. The Offer is only applicable to Prestige Private, Prestige Banking, Preferred Banking and Integrated Account customers ("Eligible Customers") of Hang Seng Bank Limited (the "Bank"), who never opened an Investment Fund Account (Account suffix 382) on or before 31 December 2023 and have newly opened an Investment Fund Account during the Promotion Period (“Eligible Customers”).
  3. 3. Eligible Customers who made fund subscriptions on the first fund subscription day within 30 calendar days upon the Investment Fund Account opening day (the “First Fund Subscription Day”) with the Investment Fund Account via designated channels (“Designated Channels”) below, can enjoy the following offer:
    • Prestige Private customers are entitled to the 0% fund subscription fee offer for their first accumulated HKD500,000 (or its equivalent) subscription amount made on the First Fund Subscription Day via any channels. For fund subscription amount exceeding HKD500,000, the exceeding subscription amount will not be eligible for the 0% fund subscription fee offer. Subscription application which is cancelled or cannot be successfully processed will not be counted.
    • Prestige Banking customers are entitled to the 0% fund subscription fee offer for their first accumulated HKD200,000 (or its equivalent) subscription amount made on the First Fund Subscription Day via any channels. For fund subscription amount exceeding HKD200,000, the exceeding subscription amount will not be eligible for the 0% fund subscription fee offer. Subscription application which is cancelled or cannot be successfully processed will not be counted.
    • Preferred Banking and Integrated Account customers are entitled to the 0% fund subscription fee offer for their first accumulated HKD100,000 (or its equivalent) subscription amount made on the First Fund Subscription Day via Hang Seng Personal e-Banking or the Hang Seng Personal Mobile App. For fund subscription amount exceeding HKD100,000, the exceeding subscription amount will not be eligible for the 0% fund subscription fee offer. Subscription application which is cancelled or cannot be successfully processed will not be counted.
  4. Eligible Customers are required to pay the fund subscription fee upfront for their fund subscriptions made during the Promotion Period. The fund subscription fee waived amount will be credited into the relevant Hong Kong Dollar settlement account of each Eligible Customer on or before 30 June 2024.
  5. If the subscribed fund is denominated in a currency other than Hong Kong Dollar (the “HKD”), the Bank will convert the relevant fund subscription amount into HKD based on the exchange rate determined by the Bank on the last dealing day of March 2024, in order to calculate the waived fund subscription amount. In such circumstances, the waived fund subscription fee amount entitled by the Eligible Customer will not be calculated based on the actual non-HKD fund subscription fee paid by the Eligible Customer.
  6. The relevant HKD settlement account together with the linked Integrated Account of the Eligible Customer must remain valid when the fund subscription fee waived amount is credited, or the Eligible Customer will be disqualified from enjoying the Offer.
  7. Fund subscription applications which are received after the cut-off time of the relevant funds on 28 March 2024 will not be considered as eligible subscription applications. Such subscription applications will be processed on the next dealing day. Please note that different cut-off times may apply to the subscription applications for different funds and / or the same fund through different channels. Customers are advised to contact our staff beforehand to enquire about the cut-off time for the relevant subscription application.
  8. The Offer does not apply to fund subscriptions made pursuant to any Hang Seng Monthly Investment Plan for Funds, or through any SimplyFund account (under the account number suffix of 384), fund units with no subscription fees, money market funds, or other funds/ fund transactions as specified by the Bank from time to time.
  9. The Offer cannot be used in conjunction with other Fund Subscription Fee offers, whichever is higher, will be rewarded.
  10. The Offer is counted on a per-Eligible Customer basis. In case the relevant Integrated Account is a joint-named account, only the primary account holder can enjoy the Offer, the fund subscription fee waived amount will be credited to the account of the primary account holder. Each Eligible Customer will be eligible for the 0% fund subscription offer only once.
  11. The Offer is not applicable to Commercial Banking and Private Banking Account customers. The offer cannot be used in conjunction with other offers for the same product(s) or service(s) of the Bank.
  12. No person other than the Eligible Customers and the Bank (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these terms and conditions.
  13. These terms and conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
  14. These terms and conditions are subject to prevailing regulatory requirements.
  15. For more details of the Offer, please contact the Bank’s staff. The Offer is provided by the Bank, which reserves the right to suspend, vary or terminate the Offer and to amend these Terms and Conditions at any time without prior notice. The Bank also reserves the right of final decision on all matters relating to the Offer, which shall be binding on all the parties concerned.
  16. In case of any discrepancy between the English and the Chinese versions of these terms and conditions, the English version shall prevail.

Risk Disclosure of Investment Funds

Investors should note that all investments involve risks (including the possibility of loss of the capital invested), prices or value of investment fund units may go up as well as down and past performance information presented is not indicative of future performance. Investors should read carefully and understand the relevant offering documents of the investment funds (including the fund details and full text of the risk factors stated therein) and the Notice to Customers for Fund Investing before making any investment decision. Investment funds are investment products and some may involve derivatives. Investors should carefully consider their own circumstances whether an investment is suitable for them in view of their own investment objectives, investment experience, preferred 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.