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Capture investment opportunities in the Mainland China securities market

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Capture investment opportunities in the Mainland China securities market

  • TRADE NOW

    How to start trading

    Log onto Online Securities Trading platform now

    Via Desktop

    Via SC Equities mobile app

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    Not having an Online Investment Account? Click here to open now.

China Connect Securities Services

Powered by Refinitiv, our Online Securities Trading platform enables you to stay abreast of the securities market in Mainland China and get the most from investment opportunities.

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EXCLUSIVE OFFER FOR NEW SECURITIES CLIENTS
Terms and conditions apply

(applicable to Shanghai-Hong Kong Stock Connect and Hong Kong Securities Services)

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EXCLUSIVE OFFER FOR ALL SECURITIES CLIENTS
The waiver on account maintenance fee will be valid until further notice

The complete list of charges can be found in Service Charges Booklet, charges may be subject to change.

About China Connect

China Connect consists of two parts:

Northbound Trading Link (“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
  • 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

Advantages of China Connect

Participate in the growth of fast emerging economy in Mainland China

Diversify your investment portfolio with shares of the Mainland China markets¹ without the need to open an account in Mainland China

Capture new investment opportunities in Renminbi

Enjoy exclusive securities and cash settlement on trade day

Eligible stocks and trading orders under Northbound Trades
Eligible securities to be included

Shanghai-Hong Kong Stock Connect
✓ Constituent stocks from SSE 180 Index
✓ Constituent stocks from SSE 380 Index
✓ A Shares listed on SSE which have corresponding H Shares traded on SEHK


Shenzhen-Hong Kong Stock Connect
✓ Constituent stocks from SZSE Component & SZSE Small/Mid Cap Innovation Indexes with a market capitalisation of at least RMB6 billion
✓ A Shares listed on SZSE which have corresponding H Shares traded on SEHK

Not eligible for trading

X Any shares which are not traded in RMB
X Initial public offering
X Any shares which are included in the “risk alert board” or under delisting arrangement2 (buy trades are prohibited, only sell trades are allowed)
X ChiNext Board of SZSE which is limited to Institutional professional investors~

Institutional professional investors as defined in the relevant Hong Kong rules and regulations.

Investment quota

The northbound daily quota is set at RMB52 billion for each of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect3

Board lot size

100 shares in buying order (buy orders must be in board lot, odd lot trading is only available for sell orders)4

Maximum order size

1 million shares

Price limit

A general price limit of +/-10%5 based on previous closing price
(all orders input must be at or within the price limit, otherwise, it will be rejected by SSE/SZSE)

Ticket size

Uniformly set at RMB0.01

Order types

Only allow limit order

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.
SSE and SZSE operation practices and transaction arrangements
Settlement currency

RMB

Trading hours

Opening call auction: 09:15 – 09:25#

Continuous auction (Morning): 09:30 – 11:30

Continuous auction (Afternoon): 13:00 – 14:57

Closing call auction: 14:57 – 15:00#

# SSE/SZSE will not accept order cancellation during 09:20 – 09:25 and 14:57 – 15:00.

Clearing and settlement cycle

Securities settlement: Trade day
Cash settlement: Trade day + 1 day

Standard Chartered clients enjoy:
Securities settlement: Trade day
Cash settlement: Trade day (cash settlement will take place on trade day at 7p.m.)

Other market practices

Day trade is not allowed
Prohibited from naked short selling
SZSE ChiNext Market is only for Hong Kong and international institutional professional investors~

~ Institutional professional investors as defined in the relevant Hong Kong rules and regulations.

Trade-related services
Securities brokerage

• Online Banking: 0.2% (RMB45 minimum brokerage for each transaction, only for Shanghai-Hong Kong Connect eligible securities)

• Designated Northbound Securities Trading Hotline: 0.3% (RMB135 minimum brokerage for each transaction)

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

Note on fees and levies arrangement

• 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.

The complete list of charges can be found in Service Charges Booklet, charges may be subject to change.
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
Note on fees and levies arrangement

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.

The complete list of charges can be found in Service Charges Booklet, charges may be subject to change.
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)

HKD5/RMB4.5 per board lot, minimum HKD30/RMB27

Handling charge for registration of covered warrant (charged by registrar)

HKD200 per transaction (non-refundable)

Note on fees and levies arrangement

• 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.

The complete list of charges can be found in Service Charges Booklet, charges may be subject to change.
Account maintenance
Custodial fee

Waived

Account maintenance fee (semi-annual)

Waived

Note on fees and levies arrangement

• 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.

The complete list of charges can be found in Service Charges Booklet, charges may be subject to change.

How to start trading

Before you can begin trading, please visit any of our branches to sign-up for China Connect Securities Services.

For new securities clients, click here to open a securities account now.

For existing securities clients to trade A shares under Shenzhen-Hong Kong Stock Connect, please contact our designated northbound securities trading hotline.

For existing securities clients to trade A shares under Shanghai-Hong Kong Stock Connect, you can start trading in just few steps as shown below.

Step 1
Log onto Online Securities Trading platform and click ‘Trade’ on the menu
Step 2
Select ‘Shanghai SE (SSE)’ under ‘Exchange’ and enter trade order details

FAQs

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EXCLUSIVE PRIVILEGES FOR INVESTMENT CLIENTS
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MARKET OUTLOOK 2020

Remarks:

1. The full list of SSE/SZSE securities will be published on the HKEx website and will be updated from time to time.

2. According to the SSE/SZSE Listing Rules, any SSE/SZSE-listed company which is in the delisting process, or which operation is unstable due to financial or other reasons, to the extent that it is running the risk of being delisted or exposing investors’ interest to undue damage, the SSE/SZSE-listed company will be earmarked and traded on the “risk alert board”.

3. For more details about the mechanics of the investment quota, please visit HKEx’s official website.

4. Investor should note that all buy trades under Northbound Trading Link may be matched with different odd lot sell orders, resulting in odd lot trades.

5. For SSE/SZSE securities under special treatment in the risk alert board, the price limit will be +/- 5%.

Risk Disclosure Statement / Important Notes

Risk Disclosure Statement for Securities Services:

  • Investment involves risks. The prices of securities fluctuate, sometimes dramatically and the worst case may result in loss of your entire investment amount.
  • Past performance of any securities is no guide to its future performance. Investors should consider their own investment objectives, investment experience, financial situation, risk tolerance level and carefully read the Terms and Conditions of relevant Securities Services before making any investment decision.

For China Connect only:

  • 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.

Important Notes of SMS/Email Communications:

  • Client is responsible for charges that may be imposed by individual mobile network operator (including but not limited to roaming service charges).
  • You will not receive a personal call to inform you of your order status if you have enrolled for SMS/email order confirmation or placed your order through the online channel. Please use order status enquiry function to check the updated status of your order.
  • SMS order confirmation and price alert services require pre-registration and are subject to relevant Terms and Conditions.
  • Standard Chartered Bank (Hong Kong) Limited (the “Bank”) gives no warranty as to the timeliness or reliability of the SMS / email communications and shall have no liability in the event that the client fails to receive such communication.

Important Notes of Online Securities Trading and SC Equities:

  • The Bank will not be liable for any loss or damage to you as a result of making the Online Securities Trading Services available to you, unless the loss or damage is directly caused by our negligence or our wilful default.
  • For more details and the risks involved, please refer to the Securities Services Terms and Conditions or contact our branch staff.

Securities Terms and Conditions:

Notes

  • This website does not constitute any prediction of likely future price movements.
  • Investors should not make investment decisions based on this website alone.
  • This website has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.