Important Risk Warnings
Investors should note that investment involves risks. The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.
Investors should note that investing in different Renminbi-denominated securities and products involves different risks (including but are not limited to currency risk, exchange rate risk, credit risk of issuer / counterparty, interest rate risk, liquidity risk (where appropriate)). The key risks of investing in securities via the Stock Connect Northbound Trading include:
- Once the respective quota is used up, trading will be affected or will be suspended.
- Stock Connect Northbound Trading will only operate on days when both markets are open for trading and when banks in both markets are open on the corresponding settlement days. Investors should take note of the days the Stock Connect Northbound Trading is open for business and decide according to their own risk tolerance whether or not to take on the risk of price fluctuations in securities during the time when Stock Connect Northbound Trading is not trading.
- When a security is recalled from the scope of eligible securities for trading via Stock Connect Northbound Trading, that security can only be sold but NOT bought.
- Investors will be exposed to currency risk if conversion of the local currency into RMB is required.
Foreign securities carry additional risks not generally associated with securities in the domestic market. The value or income (if any) of foreign securities may be more volatile and could be adversely affected by changes in many factors. Client assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap.571) and the rules made thereunder. Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong.
Investors should note that ETF is different from a typical unit trust and many factors will affect its performance. In general, the market price per ETF unit may be significantly higher or lower than its net asset value per unit due to market demand and supply, liquidity, and scale of trading spread in the secondary market and will fluctuate during the trading day. ETF is different from stocks, investors should read the offering documents of the relevant ETF and understand the features and risks of ETF etc.
Investors should not only base on this material alone to make any investment decision, but should read in detail the relevant risk disclosure statements.
1 app to trade in 3 stock markets anytime anywhere
Hang Seng Securities Services provide you with comprehensive online trading channels which allow you to complete stocks trading in just a few steps. With our Invest Express mobile app, you can even trade HK stocks, A-shares, US stocks all under one single platform helping you to reach out different markets and tap investment opportunity in different markets. What’s more, you can enjoy the following offers during the promotion period of 1 October to 31 December 2022.
$0 brokerage for HK stocks / A-shares
New securities customers1can enjoy $0 brokerage for buy and sell trades at an aggregate transaction amount of up to HKD5,000,0002 of HK stocks or A-shares which are conducted through our online trading channels3 in the first 3 months starting from the account opening date.
$0 brokerage for buy trades of the ETFs
$0 brokerage for buy trades of ETFs (including ETFs listed on The Stock Exchange of Hong Kong Limited4 and eligible ETFs listed on Shanghai Stock Exchange ("SSE") and Shenzhen Stock Exchange ("SZSE")5) via our online trading channels3.
$0 brokerage for US stocks
Activate the US Securities Trading Service to enjoy $0 brokerage offer for the first 30 buy and sell trades of US stocks conducted through Invest Express in the first 3 months starting from the service activation date.
Other offers
Deposit HK stocks into your securities account within the designated Deposit Period to receive an HKD400 cash reward for every accumulated market value of HKD300,000.
A maximum of HKD10,000 cash reward can be earned6
IPO handling fee waiver7 for all IPOs of HK stocks subscribed through the following channels
Terms and Conditions apply to the above securities offers.
Terms and Conditions apply to the above securities offers.
An investor identification regime at trading level for the securities market in Hong Kong (HKIDR)
Provide consent in a few simple steps for processing personal data and keep using relevant securities services
An investor identification regime at trading level for the securities market in Hong Kong (HKIDR) and other regimes are expected to be implemented in the fourth quarter of 2022 earliest. We are required to obtain your express consent on transferring your personal data and a pre-assigned Broker-to-Client Assigned Number (BCAN) together with securities trading instruction to related regulatory authorities for complying with related regulatory requirements.
If you haven't provided consent after the implementations, some securities services will be affected.
If you haven't provided consent after the implementations, some securities services will be affected.
How to get started?
- Log on to Personal e-Banking (Desktop version) / Hang Seng Mobile App > Click "Investment" from the left menu > "Securities" > "Local Securities - Client Consent"
- Log on to InvestEx Mobile App > Click "Local Securities - Client Consent" from the left menu
- Check with our branch staff
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Customer Enquiries
2998 9898
2998 9898
- Android, Google Play and the Google Play logo are trademarks of Google LLC.
- Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the US and other countries. App Store is a service mark of Apple Inc.
- All the account holders of the new securities account must not hold any securities account (personal/ joint) with the Bank within a period of 6 months preceding the account opening date.
- $0 brokerage fee is applicable to all transactions of HK stocks or Stock Connect Securities within the designated aggregate transaction amount. No minimum transaction amount is required for each transaction. “Stock Connect Securities” refer to A-shares/Exchange Traded Funds (ETFs) listed on the Shanghai Stock Exchange and/or Shenzhen Stock Exchange and eligible for Shanghai-Hong Kong Stock Connect Northbound Trading/Shenzhen-Hong Kong Stock Connect Northbound Trading. Details as below:
Account type of the New Securities Customers Designated aggregate transaction amount Signature HKD5,000,000 or its equivalent Prestige Banking HKD2,000,000 or its equivalent Preferred Banking or other Integrated Accounts HKD500,000 or its equivalent - Details about Security for Trading Securities and Other Investment Products Online.
- Only apply to ETFs with trading currency being HKD or RMB (that is, excluding ETF buy transactions in USD).
- Exchanged Traded Funds ("ETFs") have been included in Stock Connect with effect from 4 July 2022. ETFs which are eligible for northbound trading under Stock Connect refer to ETFs listed on Shanghai Stock Exchange("SSE") and Shenzhen Stock Exchange ("SZSE") which are eligible for trading under Stock Connect. Investors should refer to the offering documents of the ETFs and understand the features and risks of ETFs, and pay attention to the charges and trading arrangements of ETFs, such as the fees and trading hours etc. Please note that SSE and SZSE listed ETFs trading cannot be conducted via Hang Seng Personal e-Banking.
- Details about the relevant services charges apply on stocks deposit service or contact our staff for any enquiry. Designated Deposit Period for new securities customers is from account opening date to 31 January 2023 while that for existing securities customers is from 1 October to 31 December 2022. Please refer to table below for details about the cash reward of up to HKD10,000:
Signature Prestige Banking Preferred Banking or other Integrated Accounts New securities customers HKD10,000 HKD6,000 HKD3,600 Existing securities customers HKD3,600 - The promotion period is from 1 April 2022 to 31 December 2022.
- All the account holders of the new securities account must not hold any securities account (personal/ joint) with the Bank within a period of 6 months preceding the account opening date.
- $0 brokerage fee is applicable to all transactions of HK stocks or Stock Connect Securities within the designated aggregate transaction amount. No minimum transaction amount is required for each transaction. “Stock Connect Securities” refer to A-shares/Exchange Traded Funds (ETFs) listed on the Shanghai Stock Exchange and/or Shenzhen Stock Exchange and eligible for Shanghai-Hong Kong Stock Connect Northbound Trading/Shenzhen-Hong Kong Stock Connect Northbound Trading. Details as below:
Account type of the New Securities Customers Designated aggregate transaction amount Signature HKD5,000,000 or its equivalent Prestige Banking HKD2,000,000 or its equivalent Preferred Banking or other Integrated Accounts HKD500,000 or its equivalent - For details about the security for trading securities online, please visit our website: Investments > Other Related Services > Security for Trading Securities and Other Investment Products Online.
- Only apply to ETFs with trading currency being HKD or RMB (that is, excluding ETF buy transactions in USD).
- Exchanged Traded Funds ("ETFs") have been included in Stock Connect with effect from 4 July 2022. ETFs which are eligible for northbound trading under Stock Connect refer to ETFs listed on Shanghai Stock Exchange("SSE") and Shenzhen Stock Exchange ("SZSE") which are eligible for trading under Stock Connect. Investors should refer to the offering documents of the ETFs and understand the features and risks of ETFs, and pay attention to the charges and trading arrangements of ETFs, such as the fees and trading hours etc. Please note that SSE and SZSE listed ETFs trading cannot be conducted via Hang Seng Personal e-Banking.
- Relevant services charges apply on stocks deposit service. For details, please visit our website: Investments > Securities > Securities Services Charges or contact our staff for any enquiry. Designated Deposit Period for new securities customers is from account opening date to 31 January 2023 while that for existing securities customers is from 1 October to 31 December 2022. Please refer to table below for details about the cash reward of up to HKD10,000:
Signature Prestige Banking Preferred Banking or other Integrated Accounts New securities customers HKD10,000 HKD6,000 HKD3,600 Existing securities customers HKD3,600 - The promotion period is from 1 April 2022 to 31 December 2022.
Other Important Risk Warnings
RMB Currency Risk
Renminbi ("RMB") is subject to exchange rate risk. Fluctuation in the exchange rate of RMB may result in losses in the event that the customer subsequently converts RMB into another currency (including Hong Kong Dollars). Exchange controls imposed by the relevant authorities may also adversely affect the applicable exchange rate. RMB is currently not freely convertible and conversion of RMB may be subject to certain policy, regulatory requirements and/or restrictions (which are subject to changes from time to time without notice). The actual conversion arrangement will depend on the policy, regulatory requirements and/or restrictions prevailing at the relevant time.
Foreign Exchange Risk
Foreign Exchange Risk involves Exchange Rate Risk. Fluctuations in the exchange rate of a foreign currency may result in gains or losses in the event that the customer converts HKD to foreign currency or vice versa.
Important notes and disclaimer
These promotion materials have not been reviewed by the Securities and Futures Commission in Hong Kong ("SFC"). The information contained herein is for general information and reference purposes only and is not intended to provide professional investment or other advice. It is not intended to form the basis of any investment decision. You should not make any investment decision based solely on the information and services provided herein. Before making any investment decision, you should take into account your own circumstances including but not limited to your financial situation, investment experience and investment objectives, and should understand the nature, terms and risks of the relevant investment product. You should obtain appropriate professional advice where necessary.
These promotion materials are not intended to provide or regard as legal or taxation advice, or investment recommendations
If you are in doubt of the marketing and promotional activities and materials of the Bank, please call customer service enquiry hotline for authentication.
