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Capture securities trading opportunities in mainland China

China Connect Securities Services

We are offering Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Northbound Trading Services to help you make the most of your investment by capturing more potential opportunities from the securities markets in Hong Kong and China.

Northbound Trading Link features

Trading A Shares under Northbound Trading Link is different from trading Hong Kong Shares, in terms of their market practices and transaction fees.

Eligible stocks and trading orders under Northbound Trades and SEHK

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Comparison of general SSE, SZSE & SEHK operation practives and transaction arrangements

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About China Connect

China Connect includes Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.
Shanghai-Hong Kong Stock Connect is a securities trading and clearing links programme jointly developed by Hong Kong Exchanges and Clearing Limited (“HKEx”), Shanghai Stock Exchange (“SSE”) and China Securities Depository and Clearing Corporation Limited (“ChinaClear”). Shenzhen-Hong Kong Stock Connect is a similar programme jointly developed by HKEx, Shenzhen Stock Exchange (“SZSE”) and ChinaClear.

China Connect consists of two parts:

Northbound Trading Link
Hong Kong and overseas investors will be able to trade eligible SSE/SZSE securities (“A Shares”) directly

Southbound Trading Link
Eligible Mainland investors can trade eligible securities listed in Stock Exchange of Hong Kong Limited (“SEHK”) directly

Fees and levies arrangement

 

TRADE-RELATED SERVICES
Securities brokerage Online Banking: 0.2%
Designated Northbound Securities Trading Hotline: 0.3% (Minimum brokerage for each transaction: RMB100)
Trade lodgement fee Waived
Handling Fee 0.00487% of the consideration of a transaction per side
(Charged by SSE/SZSE)
Securities management fee 0.002% of the consideration of a transaction per side
(Charged by China Securities Regulatory Commission)
Transfer fee 0.002% of the consideration of a transaction per side
(Charged by ChinaClear)
Transfer fee 0.002% of the consideration of a transaction per side
(Charged by Hong Kong Securities Clearing Company Limited)
Stamp duty 0.1% of the consideration of a transaction on the seller
(Charged by SAT)
Capital gains tax and business tax Waived
(Charged by SAT)
Stock settlement-related services
Stock transfer-in fee (Scripless) Bank charges waived
HKD1 CCASS SI instruction input fee for stock transfer-in
Stock transfer-out fee (Scripless) HKD5 per board lot, minimum HKD30
HKD1 CCASS SI instruction input fee
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 10% on dividend amount
(Charged by SAT)
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 HKD1 per board lot
(Corporate actions include cash offer, right issue, conversion of warrants and take-over)
Handling charge for registration of covered warrant HKD200 per transaction (Non-refundable)
(by registrar)
Account maintenance
Custodial fee Waived
Account maintenance fee 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
(Semi-annual)

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 securities via Shanghai-Hong Kong Stock Connect. There is a risk that investors in SSE 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 securities.
  • China Withholding Income Tax on Dividends will be withheld by issuers of SSE 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.
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FAQs

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.

Note

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.