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 not only base on this material alone to make any investment decision, but should read in detail in the relevant risk disclosure statements.

Terms and Conditions on US Stocks Brokerage Fee Half Price Offer (“US Stocks Offer”)

  1. The promotion period of US Stocks Offer is from 1 December 2023 to 30 June 2024 ("Promotion Period of US Stocks Offer").
  2. Securities customers of Hang Seng Bank Limited (“the bank”) who have successfully executed buy/sell transactions of US Stocks (as defined in clause 3 below) via Hang Seng Invest Express Mobile App during the Promotion Period of US Stocks Offer (“Eligible US Stocks Transaction(s)”), can enjoy brokerage fee offer of USD 0.0075 per share and minimum USD 7.5 per transaction upfront (instead of in the form of rebate). The actual brokerage fee of each Eligible US Stocks Transaction will be rounded up to cent, count as 1 cent for less than 1 cent.
  3. “US stocks” refer to Common Stocks (excluding warrants), Exchange Traded Funds (ETFs) and American Depository Receipts (ADRs) traded on New York Stock Exchange (NYSE), Nasdaq Global Market (NASDAQ), NYSE Amex Equities Market (AMEX) and NYSE ARCA.
  4. US Stocks Offer can be enjoyed by new and existing securities customers who are eligible for SimplyStock in respect of Eligible US Stocks Transaction(s) after the first HKD 300,000 transaction amount in a calendar month which is covered by the SimplyStock monthly fee is exceeded.
  5. US Stocks Offer can be enjoyed by new and existing securities customers who are eligible for SmarTrader Rewards in respect of Eligible US Stocks Transaction(s) of customers at all Trading Levels of SmarTrader Rewards. US Stocks Offer may be displayed as USD 0.008 per share on the SmarTrader Rewards online channels pages due to the display limitation of digits after the decimal point, actual brokerage fee discount calculation will not be affected i.e. calculated based on USD 0.0075 per share.
  6. Brokerage fee excludes any custody fee, securities deposit charges, nominee services fee and any third party transaction charges such as transaction levy, stamp duty and trading fee, handling fee, securities management fee, transfer fee, capital gain tax and SEC Fee, etc.
  7. This US Stocks Offer is a reduction of brokerage fee for securities transactions.
  8. Unless otherwise specified, the offers mentioned in these Terms and Conditions cannot be used in conjunction with other securities service offers of the Bank.
  9. In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.
  10. The offer is not applicable to Commercial customers, Private Banking customers and any party who enjoys special privileges and offers.
  11. No person other than the relevant securities 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 provision of these Terms and Conditions.
  12. These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
  13. These Terms and Conditions are subject to prevailing regulatory requirements (where applicable).
  14. The Bank reserves the right to suspend, amend or terminate the offer and to amend these Terms and Conditions at any time without prior notice. The decision of the Bank on all matters relating to the offer shall be final and binding on all parties concerned.

Important Risk Warnings
Risk Disclosure of investing in foreign securities
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.

Foreign Exchange Risk
Foreign Exchange 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.

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.