Fees and levies arrangement
Trade-related services | |
Securities brokerage |
|
Trade lodgement fee | Waived |
Handling Fee (Charged by SSE/SZSE) |
0.00487% of the consideration of a transaction per side |
Securities management fee (Charged by China Securities Regulatory Commission) |
0.002% of the consideration of a transaction per side |
Transfer fee (Charged by ChinaClear) |
0.002% of the consideration of a transaction per side |
Transfer fee (Charged by Hong Kong Securities Clearing Company Limited) |
0.002% of the consideration of a transaction per side |
Stamp duty (Charged by SAT) |
0.1% of the consideration of a transaction on the seller |
Capital gains tax and business tax (Charged by SAT) |
Waived |
Stock settlement-related services | |
Stock transfer-in fee (Scripless) |
|
Stock transfer-out fee (Scripless) |
|
Nominee services and corporate actions | |
Collection of cash dividend | 0.5% on dividend amount, minimum HKD30/RMB25, or dividend amount, whichever is lower |
China withholding income tax on dividends (Charged by SAT) |
10% on dividend amount |
Collection of scrip dividend | 0.5% on value of cash equivalent, minimum HKD15/RMB12 |
Collection of bonus shares | HKD30/RMB25 per collection |
Corporate action service fee (Corporate actions include cash offer, right issue, conversion of warrants and take-over) |
HKD1 per board lot |
Handling charge for registration of covered warrant (by registrar) |
HKD200 per transaction (Non-refundable) |
Account maintenance | |
Custodial fee | Waived |
Account maintenance fee (Semi-annual) |
HKD100 if no securities buy/sell transaction and maintain no stock portfolio with the Bank during January to June (to be debited in July) and July to December (to be debited in January in subsequent year) every year |
The above information is sourced from the prevailing information provided by HKEx, and may be subject to amendment as the implementation of China Connect and issuance of the relevant regulations and rules progresses.
Notes:
- All the above fees and levies will be collected from CCASS Participants’ designated bank accounts at day-end of trade day.
- The Ministry of Finance and State Administration of Taxation (“SAT”) in China have provided a temporary exemption to Hong Kong and foreign investors from the capital gain tax and business tax in relation to gains derived from trading of eligible SSE/SZSE securities via Shanghai-Hong Kong Stock Connect. There is a risk that investors in SSE/SZSE securities may be subject to capital gains tax and/or business tax in the future once the temporary exemption is no longer in force. Investors should consider this risk when investing in SSE/SZSE securities.
- China Withholding Income Tax on Dividends will be withheld by issuers of SSE/SZSE securities and ChinaClear upon dividend payment.
- For investors whose residing country has entered into a tax treaty with China which allows them enjoying a lower dividend tax rate, the investors may apply to the relevant tax authority for a refund of the differences.
- Please note that both stock and cash settlement of all A Shares stock trading conducted through Standard Chartered will be settled on trade day.
Risk Disclosure Statement:
- Investment involves risks. The prices of securities fluctuate, sometimes dramatically and may become valueless. Past performance of any securities is no guide to its future performance. Investors should consider their own investment objectives and risk tolerance level, and read the Terms and Conditions of relevant Securities Services before making any investment decision.
- Renminbi ("RMB") exchange rate, like any other currency, is affected by a wide range of factors and is subject to fluctuations. Such fluctuations may result in gains and losses in the event that the client subsequently converts RMB to another currency (including Hong Kong dollars); and
- RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to restrictions specified by the Bank and regulatory requirements applicable from time to time. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time.
This webpage does not constitute any offer, invitation or recommendation to any person to enter into any transaction described therein or any similar transaction, nor does it constitute any prediction of likely future price movements. Investor(s) should not make investment decisions based on this webpage alone. This webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.