Investment Securities

Investment Securities

1. How can I apply for the Internet Securities Services?
A: You may apply new "Consolidated Investment Account - Securities (Cash)" via Internet Banking (for Personal Customers only) or visit any of our branches to apply for a "Consolidated Investment Account - Securities (Cash)" and complete the Internet Securities Services application. Before you open a "Consolidated Investment Account - Securities (Cash)" with us, it is a prerequisite for you to maintain a HKD current or statement account, which will be used for the trade settlements arising from securities trading.

2. If I already have a "Consolidated Investment Account - Securities (Cash)" with ICBC(Asia), can I use the Internet Securities Services immediately?
A: Personal Customers: Yes,you can use Internet Securities Services after a business day when account successfully opened.
Company Customers: No, you need to complete and return the Internet Securities Services application form to the Bank before you can enjoy the services.

3. Do I need to pay for using the Internet Securities Services?
A: Service charges is needed to be paid for online securities trading services, including securities brokerage, transaction levy, stamp duty and clearing fees.For more information on securities service fees, please click here for details.

4. Do Internet Securities Services provide real time stock quote??
A: For real time stock quote, you will get a fixed number of FREE real time quotes at the beginning of each month. For each successful buy/sell transaction, you will receive 100 additional free real time quotes. Usage in excess of your free quote entitlement for the month will be charged at HKD0.10 per quote for the relevant month and rounded up to the nearest dollar with a minimum charge of HKD 5.00. Any unused FREE real time quote will be forfeited automatically upon expiry of the month.
5. What are the service hours of Internet Securities Services?
A:

Our Internet Securities Services offered through internet is available during the following hours:

Service

Service Hours

Enquiry Services

24 hours per day

Securities Trading

24 hours per day

• At-Auction Limit Order

Anytime (except 9:15 a.m to 4:00 p.m. on trading dates);

Input New Order during trading period will be effective on the same trading date, after trading session, you can input order for next trading day.

• Enhanced Limit Order

Anytime (except Closing Auction Session)

Input New Order during trading period will be effective on the same trading date; after trading session, you can input order for next trading day.

• Odd-Lot Sell

Input same day order from 8:00am - 4:00pm on trading dates.

Note: If the HKEx's trading session is cancelled due to typhoon, Black Rainstorm Warning or any other reasons, the order(s) you have placed may not be successfully accepted.

 

6. What are the trading sessions and the trading mechanism?
A: From 9:00 a.m. to 9:30 a.m. - Pre-opening Session
- Only At-auction Limit Order will be placed to the market for matching.
- If you have placed your At-auction Limit Order, you are advised to check your order between 9:00 a.m. to 9:15 a.m. whether it has been successfully accepted and, if not, you may re-input your order before 9:15 a.m. If your At-auction Limit Order price deviates twice or more from the market price, or is half or less of that price, your order might be rejected by HKEX.
- At-auction Limit Order(s) cannot be modified or cancelled after 9:15 a.m.
- After order matching in the Pre-opening Session, unfilled At-auction Limit Order will be converted to Limit Order and carried forward into the Continuous Trading Session after 9:30 a.m. on the same day.
From 9:30a.m. to 04:00p.m. - Continuous Trading Session
- Enhanced Limit Order will be placed to market for execution.
- Enhanced Limit Order will allow matching of up to ten price queues at a time.
Unfilled quantity after matching will be stored in the system as a normal limit order at the input order price.
- Enhanced Limit Order may not be successfully accepted by "HKEX" if the order price is better than the tenth price queue.
From 4:00 p.m. to 4:10 p.m. – Closing Auction Session
- At-auction Limit Order will be processed CAS Securities only.
From 4:00 p.m. to 4:01 p.m. – Reference Price Fixing Period
- You can input the order instructions during this period. Please check whether the order has been successfully accepted after 4:01 p.m.
From 4:01 p.m. to 4:06 p.m. – Order Input Period
- At-auction limit orders within the ±5% price limit can be entered on CAS securities. Outstanding orders can also be amended or cancelled during this period.
From 4:06 p.m. to 4:08 p.m. – No Cancellation Period
- At-auction limit orders can be entered. The prices of new at-auction limit orders must be between the lowest ask & highest bid recorded at the end of Order Input Period (i.e. recorded at 16:06), and no orders can be amended or cancelled.
From 4:08 p.m. to 4:10 p.m. – Random Closing Period
- The order rules from the No Cancellation period apply and the market closes randomly within two minutes.

7. What channels available to place Securities order?
A: Customers can place the order via Internet Banking or Mobile Banking (for Personal Customers only), Automated Phone Securities Services (218 95588) and designated branches.

8. How does the Bank handle the orders when typhoon signal no. 8 or above is lowered or when the black rainstorm warning is discontinued ?
A: If typhoon signal no. 8 or above is lowered or when the black rainstorm warning is discontinued, the Bank will handle the orders as described below :
a. Before pre-opening session starts
When pre-opening session starts, the auction limit orders placed via the Bank will be sent to HKEX as usual. Other orders will be handled in Continuous trading session and sent out to HKEX' once they fall within the conditions as defined by the Bank from time to time.
b. When trading in the pre-opening session is suspended but resumes either in the morning session or afternoon session
If the HKEx's trading session is cancelled due to typhoon, Black Rainstorm Warning or any other reasons, At-Auction Limit orders you have placed may not be successfully accepted. When the trading operation is resumed in the morning / afternoon session, the Bank will monitor the orders, orders will be transmitted to HKEx's AMS/3 once they fall within the conditions as defined by the Bank from time to time. The Bank reserves the right to amend the above operation from time to time.

9. What are the features of Internet Securities Services?
A: Internet Securities Services provide the following key functions:
Securities trading in the Hong Kong Stock Exchange via AMS/3 system.
Comprehensive portfolio overview of both settlement account and securities account.
Realtime/Delayed stock quote.
Comprehensive market information including market news, trading tactics, intraday chart and market rankings.
Stock watch to alert you when target price is reached.
User friendly tools including trading transaction cost calculator.

10. What kind of securities can be trading through Internet Securities Services?
A: At present, all stocks and warrants listed on the Stock Exchange of Hong Kong can be traded through the Internet Securities Services. "At-auction Limit Order" and "Enhanced Limit Order" can be applicable on our Internet Securities Services.

11. What is a "At-auction Limit Order" and "Enhanced Limit Order"?
A: "At-auction Limit Order" is a limit order with a specified price which should not deviate twice or more from the market price, or is half or less of that price. After order matching in the pre-opening session, unfilled at-auction limit orders will be converted to limit orders at the input price and carried forward to the continuous trading session.
"Enhanced Limit Order" is similar to a limit order. An Investor should give clear instructions about the highest price or lowest price he is willing to pay or dispose. It will allow matching of up to ten price queues at the same time. The input order price of an Enhanced Limit Order can be matched up to nine spreads better than the best price on the other side of the market. Any unfilled quantity of an Enhanced Limit Order after matching will be converted into a Limit Order at the input order price. The Bank accepts order price within 200 spreads of the market price. The Enhanced Limit Order will be passed to the HKEX for processing once it falls within the 15 spread range of the market prices. Any subsequent amended order price that deviate more than 24 spreads of the market price might be rejected by HKEX.


12. What is the difference for placing order via Internet banking and other channels?
A:

 

Internet Securities Services

Designated Branch and Manned Phone Investment Services

Securities Trading Hotline

Enhanced Limit Order

System accepts order price within 200 spreads of the market price. The Enhanced Limit Order will be passed to the HKEX for processing once it falls within the 15 spread range of the market prices.

System will not monitor the order price. If the order price you place deviates more than 24 spreads of the market price, your order might be rejected

System will not monitor the order price. If the order price you input deviates more than 24 spreads of the market price, your order might be rejected

Order Input Period

Can Input anytime (Except 9:15 a.m to 4:00 p.m. on trading dates for ALO)

Input New Order during trading period will be effective on the same trading date, after trading session, you can input order for next trading day.

 

Can place order from 8:00am to 4:00pm on trading dates

Can place order from 8:00am to 4:00pm on trading dates

Sell Odd-Lot

Yes

Yes

No

Note: At-Auction Limit order has the same processing logics for all channels. If your At-auction Limit Order price deviates twice or more from the market price, or is half or less of that price, your order might be rejected by HKEX (Except Closing Auction Session).


13. What is HKEX's spread table?
A:

Prices of Securities (HKD)

Minimum Spread (HKD)

0.01 - 0.25

0.001

0.25 - 0.5

0.005

0.5 - 10

0.01

10 - 20

0.02

20 - 100

0.05

100 - 200

0.10

200 - 500

0.20

500 - 1,000

0.50

1,000 - 2,000

1.00

2,000 - 5,000

2.00

5,000 - 9,995

5.00


14. How does the system process order for next trading day?
A: For order placed after trading session, please note:
1. System will not debit the investable amount immediately. Please make sure the Securities/settlement account has sufficient amount before 8:00a.m. on the trading date. Otherwise, the instruction cannot be executed.
2. Please check your order status during trading hours to ensure whether your order placed has been successfully accepted. If the order has not been accepted, you can input the order again.
3. Order can only be cancelled, but not modified, after placed.
4. You can amend the order after 8:00 am on the trading day. Alternatively, you can cancel and then re-submit the order.

15. How to place an order?
A: To place an order, you simply go to the Place an Order page, select Buy/Sell order type, enter your order at specific price, quantity, and stock code and then send your instruction. You are also required to input your Internet Securities Service PIN or e-Cert password to confirm each order.

16. Do I have to input the order quantity in the board lot size?
A: Yes. Odd lot size orders will not be accepted.

17. How will the odd lots be sold?
A: The odd-lot order will be executed manually, which may take longer processing time. The odd lot orders will be traded at the prevailing odd lot market prices. The odd lot market price will usually be lower than the prevailing board lot market price and the transaction amount may not be able to cover the transaction fee. The Bank reserves the right to reject such order. If you sell a stock more than once a day, your transactions would be combined into one sell order (including odd lot shares), so as to save more for you.

18. Can I amend odd-lot order?
A: Odd-lot sell order can only be cancelled, but not modified, after placed.

19. How long does the order last?
A: Please read the expiry date when you input an order. In normal case, input new Order during trading period will be effective on the same trading date, after trading session, you can input order for next trading day.

20. How long will previous orders be kept on my order status?
A: The order status will show orders placed in the past 10 days.

21. How can I know my order has been received or executed by the Bank?
A: After you place an order via Internet Securities Services channel, an order acknowledgement will be promptly issued with a unique reference number, which ensures that the order has been received by the Bank. After the order has been executed, subsequent e-mail or mobile short message will also be delivered to you indicating the current order status. You may also check the real-time status of specific orders using the Order Status option of Internet Securities Services. Please note that duplicated orders will be treated and processed separately.

22. How can I amend or cancel my order?
A: You may amend or cancel any outstanding order by going to the Amend an Order or Cancel an Order page. Our system will then pass your instruction to Stock Exchange of Hong Kong upon receiving your request. If you intend to amend the quantity, the New Quantity must include the partial filled (if any) quantity. Please note: Orders for next trading day only be cancelled, but not modified, after placed. You may amend the order after 8:00am on the trading date. Alternatively, you can cancel and then re-submit the order.

23. How will I be notified of the execution results?
A: No personal phone calls will be given for orders placed via Internet Securities Services, you can read "Order Status" for the result. If you have selected to receive notification by email and/or SMS, you will receive the notification when the order is "Fully Executed" or "Rejected". "Partially Executed" Order status will also be sent out after trading period

24. How do I know the status of my trade order?
A:

Our services let customers enquire about or acknowledge real-time trade order status. Here are the details of various status messages:

Status Message

Description

Waiting Placed

The order has not been executed and is waiting for the response of the stock exchange.

Placed

The order has been placed at the market and is queued for execution.

Fully Executed

All quantities of the order have been successfully traded in the market.

Partially Executed

Only part of the order quantities have been successfully traded in the market.

Waiting Modified

The modification instruction has not been executed and is waiting for the response of the Stock Exchange.

Modified

The order has been successfully modified according to your specification.

Waiting Cancelled

The cancellation instruction has not been executed and is waiting for the response of the Stock Exchange,or waiting for release the hold fund.

Cancelled

The order has been successfully cancelled.

Partial Cancelled

Only part of the order quantities have been successfully cancelled.

Placement Rejected

Sorry, your Buy/Sell order is rejected with the following details:

Cancellation Rejected

Sorry, your cancellation instruction is rejected with the following details:

Modification Rejected

Sorry, your modification instruction is rejected with following details:

Waiting Process

Order is waiting for processing. Please make sure the settlement account has sufficient amount before 8:00a.m. on the trading date. Otherwise, the instruction cannot be executed.

Price Monitoring

Order is monitored by system. It will be passed to the HKEX for processing once it falls within the 15 spread range of the market price,in continuous trading session, or will be passed to the HKEX for processing once it falls within the scope of price limit in closing auction session.


25. If I have placed an order through Internet Securities Services, can I amend or cancel that order via Securities Trading hotline?
A: For security reasons, please use the original channel where you have placed your order to amend or cancel the order. In case of system failure, you can also amend or cancel that order via the Enquiry Hotline.

26. Whether the execution of transaction will affect my account portfolio?
A: Yes, once an order is executed, your account position will be updated immediately.

27. Can I use the pending stock or fund from recent buy/sell order before its settlement?
A: Yes.

28. How can I check my portfolio balance and securities on hand?
A: You may go to Account Portfolio page to check your account balance, settlement details and securities held by you at a quick glance.

29. How can I review my recent transaction history?
A: You may go to Trade Summary screen and check the trade transactions performed within the last sixty trading days (excluding the current trading day).

30. How can I contact the Bank for assistance on Internet Securities Services?
A: Should you encounter any difficulty in placing orders via the internet channels, you may call our 24-hour hotline at (852) 2189 5588, our Customer Service Officers will assist you regarding Internet Securities Services queries.

31. How can I check stock prices or index?
A: You can check the realtime or one-hour delayed stock quote in the quick quote bar on the bottom of the webpages. You may also click the button of "Realtime Quote" on the Buy/Sell page or Market Information icon located at the left for the latest market news, stock quotes and index. The service is provided by QuotePower International Limited.

32. What is Quote Meter?
A: 「The Quote Meter shows your monthly realtime quote entitlement and usage. You will get a fixed number of FREE realtime quote at the beginning of each month. For each successful buy/sell transaction, you will receive 100 additional free realtime quotes. Realtime quotes used in excess of your free entitlement for the month will be charged at HKD0.10 per quote for that month and rounded up to the nearest dollar with a minimum charge of HKD 5.00. Any unused FREE realtime quote will be forfeited automatically upon expiry of the month.

33. Can the Bank alert me when a specific stock reaches my target price?
A: Yes, we offer a Stock Watch Alert function to remind customers when the interested stock reaches target price criteria, by sending an e-mail or SMS short message to customer (Detail of charges please refer to the information under Section 'Investment > HK Stock > Market Information > Stock Watch Alert' 'Quote Meter'). For the channel of notification alert from e-mail and/ or SMS, please set up the instruction under Section 'Investment >HK Stock> e-Tools > Stock Watch Alert'.

34. How to use Stock & Index Watch Alert?
A: First, select the stock of your choice by entering the correct securities code into the Stock Code box. Then, choose the alert criteria such as target price are equal to or greater than $100. Next, specify the date when the above alert criteria remain valid. You may add any further Alert criteria anytime (max. 5 alerts), or delete any Alert item listed at the top which is still valid or already outdated.

35. How to calculate transaction costs of various orders?
A: You may have a brief idea of the transaction cost by going to Cost Calculator page, then indicate Buy/Sell action, order price and quantity, the system will instantly provide you with the total cost in different cost components for your reference.

36. What is Market Ranking?
A: In addition to specific stock price enquiry, we offer the following Market Ranking function for you to keep track of the market trend and fluctuation:
Top 10 Market Gainers: The 10 securities with the largest percentage increase in price will be listed.
Top 10 Market Losers: The 10 securities with the largest percentage decrease in price will be shown.
Top 10 Turnover: The 10 securities with the greatest turnover in absolute terms will be ranked in list.
Top 10 Volume: The 10 securities with the greatest volume in absolute terms will be ranked in list.

37. What is the Streaming Quote?
A: Our bank offers stock quote service based on clicks. This means system will retrieve and display real-time stock price based on every click by customers. However, stock quote, profit/loss and buy/sell order will not be updated automatically. Besides, our Streaming Quote Service includes company profiles stock market information, Hang Seng Index, financial news and commentaries. Our streaming quote service is provided by QPI. For details please visit any of our branches.

38. What is the L/P Simulator?
A: To facilitate customers in evaluating their own investment portfolio, our Bank provides a portfolio simulator, which allows customers to simulate their investment outcomes. Moreover, we provide five simulation modules to suit customers' different needs and choice, customers can conveniently setup portfolio and view all the details afterwards.

39. What is the Securities Monthly Savings Plan?
A: 「Securities Monthly Savings Plan targets at providing convenient and preferential investment choice to suit the needs of customers who would like to invest regularly and continuously. Every month customers invest for a pre-fixed amount on local stocks (the minimum investment amount is HKD1,000 for every plan), and every plan can include at most 3 stocks, which is suitable for long-term savings and investment. Applying Securities Monthly Savings Plan via Internet Banking, you can enjoy special offer on the handling fee. The handling fee for each plan setup will be 0.25% of the Transaction Amount (Min.HKD50 inclusive of stamp duty, transaction levy and settlement fee).

40. Under what situation should I pay for Italian Financial Transaction Tax (“FTT”) and how the tax amount determined?
A: Customers who trade shares issued by Italian resident companies (e.g. Stock Code 1913 Prada S.P.A.) which listed on The Stock Exchange of Hong Kong Limited via our Bank are required to pay for the Italian FTT. The tax rate is 0.1%. Calculation method:Italian FTT is calculated based on daily net increase of customer's beneficial holding of the same share at account level on each settlement day x weighted average purchase price x 0.1%. The Italian FTT also applies to the derivatives of the above-mentioned stocks. For more details, please visit HKEx Website or refer to our Bank for assistance.
The above tax rate and calculation method etc. of Italian FTT may be subject to changes or further clarification on the Italian FTT law. Such third party costs, fees and charges are subject to change without prior notice and will be determined by the Bank. Customers should seek independent professional advice if they have any query or further enquiry regarding the Italian Financial Transaction Tax law.

41. Am I required to select trade status notification?
A: Yes, you must select to receive trade status notification(s). You may select to receive by SMS, email or both. Your trade status notification(s) will be sent to the mobile phone number and/or email address in our bank’s records.

42. If I did not register my mobile phone number and email address, can I still perform securities transactions via Personal Internet Banking?
A: You are not allowed to perform securities transactions on Personal Internet Banking, but you can still perform securities transactions on other e-channels, including Mobile Banking and Phone Banking. You must add your mobile phone number or email address to our bank’s records in order to trade securities on Personal Internet Banking. If you have a password token, you can register your mobile phone number or email address at “Electronic Services>Security Center>Personal Information Inquiry/Modification” on Personal Internet Banking. For other customers, please visit one of our branches to add your phone number or email address.

43. How can I select a default options to receive trade status notifications?
A: You can modify your default options at “Investment>HK Stock>Buy/Sell Stock” in Personal Internet Banking. Once selected, you do not have to select whether receiving trade status notifications from e-mail and/or SMS for every securities transaction.

44. How to deposit / withdraw share certificate?
A: Our Branch does not provide Share Certificate Deposit / Withdrawal Service, Customer can visit our bank service counter at Level 36, Tower 1, Millennium City 1, 388 Kwun Tong Road, Kwun Tong, Kowloon for the service, the service hour is Monday to Friday from 9:30am to 5:00pm.
1. How can I apply for Shanghai-Hong Kong (SHHK) Stock Connect and Shenzhen-Hong Kong (SZHK) Stock Connect Trading Service?
A: After you have opened securities account and registered CNY settlement account, you may participate in Northbound Trading Service by accepting the terms & conditions and customer declaration of SHHK and SZHK, and the Processing of Personal Data Statement concerning China Stock Connect Northbound Trading. You can accept the terms & conditions and customer declaration of SHHK and SZHK, and the Processing of Personal Data Statement concerning China Stock Connect Northbound Trading via Internet Banking / Mobile Banking on the page of ‘Application for SHHK/SZHK Stock Connect Northbound Trading Services’, or you may visit any of our branches to apply the trading service. It would normally take about 3-4 working days to become effective.
2. Why need to sign the Processing of Personal Data Statement concerning China Stock Connect Northbound Trading?
A: According to the HKEx announcement, Northbound Investor ID Model has to be implemented on 26 September 2018, you are required to provide your authorization and consent to the Bank to the collect, store, use, disclose and transfer the personal data relating to you as required as part of our Stock Connect Northbound Trading Services. For more details, please refer to the HKEx website.
3. What will be the impact if the customer does not agree the Processing of Personal Data Statement concerning China Stock Connect Northbound Trading?
A: If you do not agree the Processing of Personal Data Statement concerning China Stock Connect Northbound Trading, the Bank could only input Northbound sell order (but not any Northbound buy order) for you.
4. For SSE/SZSE securities, all securities transactions are settled in HKD?
A: No. The stock connect in Northbound transactions are settled in RMB. You must open CNY account under the securities account for all SSE/SZSE securities transactions.
5. What channels available to place SHHK/SZHK Securities order?
A: Customers can place the order via Internet Banking / Mobile Banking (for Personal Customers only), Securities Trading Hotline and designated branches.
6. How to place an SSE/SZSE securities trading order via internet Banking / Mobile Banking?
A: To place an order, you simply go to the ‘SHHK/SZHK Stock Connect > Buy/Sell Stock’ to place orders.
7. Do I need to pay for the transactions of SSE/SZSE securities by Internet Banking / Mobile Banking Securities Services?
A: Service charges is needed to be paid for online securities trading services, including but not limited to securities brokerage, handling fee, securities management fee, transfer fee and stamp duty. For more information on securities service fees, please check our service charges for details.
8. How long does the SHHK/SZHK order last?
A: Please read the expiry date when you input a SHHK/SZHK order. Input new Order during trading period will be effective on trading date, after trading session, you can input order for next trading day.
9. How does the system process the SHHK/SZHK order for next trading day?
A: For order placed after trading session, please note:
1. System will not debit the investable amount immediately. Please make sure the Securities/settlement account has sufficient amount before 8:00a.m. on the trading date. Otherwise, the instruction cannot be executed.
2. Please check your order status during trading hours to ensure whether your order placed has been successfully accepted. If the order has not been accepted, you can input the order again.
3. Order can only be cancelled, but not modified, after placed.
4. If you want to amend the order, you can cancel and then re-submit the order.
10. How can I check my portfolio balance and SSE/SZSE securities on hand?
A: You may go to ‘SHHK/SZHK Stock Connect > Buy/Sell Stock > Account Balance’ to check your account balance and ‘Account Portfolio’ to check securities held at a quick glance.
11. How can I review my recent SSE/SZSE securities transaction history?
A: You may go to ‘SHHK/SZHK Stock Connect > Transaction History’ and check the trade transactions performed within the last sixty trading days (excluding the current trading day).
12. Can I use the funds from selling in Northbound securities to buy a new securities in Northbound, while the funds will be settled in the next trade day?
A: Yes.
13. How do I know the SSE/SZSE securities trading status of my trade order?
A: Our services let customers enquire about or acknowledge real-time trade order status. Here are the details of various status messages:
Status Message Description
Waiting Placed The order has not been executed and is waiting for the response of the stock exchange.
Placed The order is waiting for the response of the SSE/SZSE. Or the order has been placed at the market and is queued for execution.
Fully Executed All quantities of the order have been successfully traded in the market.
Partially Executed Only part of the order quantities have been successfully traded in the market.
Waiting Cancelled The cancellation instruction has not been executed and is waiting for the response of the Stock Exchange.
Cancelled The order has been successfully cancelled.
Partial Cancelled Only part of the order quantities has been successfully cancelled.
Placement Rejected Sorry, your Buy/Sell order is rejected.
Cancellation Rejected Sorry, your cancellation instruction is rejected.
Waiting Process Order is waiting for processing. Please make sure the settlement account has sufficient amount before 8:00a.m. on the trading date. Otherwise, the instruction cannot be executed.
14. What are the service hours for trading of Northbound Securities?
A:
Trading Sessions SSE/SZSE Input orders into China Stock Connect System (CSC)
Opening Call Auction 09:15 - 09:25 09:10 - 11:30
Continuous Auction (Morning) 09:30 - 11:30
Continuous Auction (Afternoon) 13:00 - 14:57 12:55 - 15:00
Closing Call Auction 14:57 - 15:00

15. What are the main features for Northbound Trading Service?
A:
SSE SZSE
Eligible Stocks
(Please refer to the HKEX website for the list of eligible stocks in Northbound trading)
Constituent stocks of the SSE 180 Index and SSE 380 Index, A shares of SSE-SEHK A+H
(with market capitalisation at least RMB 6 Billion)
Constituent stocks of the SZSE Component Index, SZSE Small/Mid Cap Innovation Index, A shares of SZSE-SEHK A+ (with market capitalisation at least RMB 6 Billion)
Currency RMB
Stock Code Must be 6 digits
Lot Size 100 shares (must be lot sizes by buy order)
Price Spread RMB 0.01
Max Order Size 1 million shares
Price Limit There is a general price limit of ±10% .
Trading Restrictions Day trading is not allowed.
Amend Order Order amendment is not allowed.
Order Types Limit orders only
(Limit orders can be matched at the specified or better price)
Odd Lot Trading Odd lot trading is allowed for sell order only
(The matched quantity of a board lot buy/sell order can eventually include odd lot.)
Settlement Cycle Money settlement for Northbound trades: T+1 day
16. Can I withdraw the physical scrip securities through Northbound Stock Connect?
A: No. Since SSE/SZSE Securities are issued in scripless form, physical deposits and withdrawals of SSE/SZSE Securities into/from the CCASS Depository are not available. Investors can only hold SSE/SZSE Securities through their brokers/custodians. Investors’ ownership of such is reflected in their brokers/custodians’ own records such as client statements.
17. What is the arrangement under Holiday conditions?
A: Northbound trading only available on both markets are business day and providing settlement service.
18. For SSE/SZSE securities, are we protected by Hong Kong investor compensation fund?
A: No. The current Investor Compensation Fund does not cover any Northbound activities.
19. Can I subscribe for SSE/SZSE Securities IPO?
A: No. SSE/SZSE securities do not support initial public offering.
20. Do Internet Banking / Mobile Banking Securities Services provide SSE/SZSE real time stock quote?
A: For real time stock quote, you will get a fixed number of FREE real time quotes at the beginning of each month. For each successful buy/sell transaction, you will receive 100 additional free real time quotes. Usage in excess of your free quote entitlement for the month will be charged at HKD0.10 per quote for the relevant month and rounded up to the nearest dollar with a minimum charge of HKD 5.00. Any unused FREE real time quote will be forfeited automatically upon expiry of the month.
21. What is the contingency arrangement under severe weather conditions?
A: a. If typhoon signal number 8 or above and/or black rainstorm warning is issued in Hong Kong before the Hong Kong market opens, Northbound trading will not open. For details, please refer to the HKEX website.
b. If typhoon signal number 8 or above is issued in Hong Kong after SSE’s and SZSE’s market have opened, trading will continue for 15 minutes during which order input and cancellation will be allowed. After 15 minutes, only order cancellation is allowed until the close of SSE’s market or SZSE’s market.
  1. What is Securities Good Till Day order?

    Good Till Day order allows the customers to specify the date till(more than one trading day) which the order should stay in the system if not executed, the order will be sent to HKEX system before the expiry date. Customer can select the expiry date up to the fifth trading day while customers can make enquiry on the order which is classified as “Good till day order” in the system.
  2. Can all customers place Securities Good Till Day order?

    Customers with securities account can place Good Till Day order through personal / business internet banking.
    Application is not required for the services.
  3. Which channel(s) can customers place a Good till day order?

    Internet Banking already provides the Good Till Day order services. The service is not available in Mobile Banking at the moment.
  4. When will the Good Till Day order be automatically cancelled?

    Good till orders may be rejected by HKEX (e.g. due to order price). Also, Good Till Date orders will be cancelled if the expiry date is across specified corporate action's ex-date of the stock.

    System will not send out the instruction again for the above conditions. Customers can check whether the order placed is successfully accepted during trading hours. Customer should maintain sufficient transaction amount in the account.
  5. What are the differences between Good Till Day order and other instruction?

    Good till day order has the following differences: 1. cannot place good till day order with derivatives product (like Warrants, CBBC). 2. If customer cancel the Good till date order after market close,will release the investable amount in the morning on next trading day.
  1. How to trade RMB denominated stock via Internet Banking services?

    Please be aware that you must fulfill the following criteria before trading RMB denominated stock via Internet Banking services.
    • You have applied Consolidated Investment account (Securities) with Internet banking services.
    • You have applied RMB account and registered it as the Securities settlement account (Only available to Hong Kong Identity Card holders).

    Personal Customers: You can apply via "Securities">"Securities"> "Register CNY Settlement Account" using the horizontal menu, and “Investments”>"Securities">" Register CNY Settlement Account" using the vertical menu on Internet Banking. If you do not have any RMB account, please apply a new account via Internet Banking or branches.

    Joint Name or Company Customers: Please visit any branch to apply RMB account and register the RMB settlement account.
    • Please ensure your RMB account has sufficient balance. For personal customers, the maximum total daily exchange limit is CNY20,000 per customer.
  2. Can I apply consolidated investment account (securities) and/or RMB account via Internet Banking?

    Yes, kindly note that application for account opening via Internet Banking is only available to sole name personal account holder. For joint name and company customers, they have to visit any of our branches to make application. Further, please note that RMB savings and current accounts are only available to Hong Kong Identity Card holders.
  3. Can I exchange from other currency to RMB via Internet Banking? Any limit for transaction amount and service hour?

    You can go to "Deposit-->Funds Transfer and Currency Trading" to exchange the currency or setup post-dated transaction. For personal customers, the maximum total daily exchange limit is CNY20,000 per customer.

    We accept instruction for currency trading for 24 hours. If you place the instruction from Monday 8:00 a.m. to Saturday 1:00 p.m. (except Dec 25 and Jan 1), the Bank will process your instruction immediately. If you place the instruction beyond the above time period, the instruction could only be executed on next business day.
  4. Can I select HKD account for trading RMB denominated stock? Or select RMB account for trading HKD denominated stock?

    No. The securities and settlement account must have the same currency denomination, please ensure your relevant account has sufficient balance. Moreover, the account balance, pending settlement amount and investable amount for the HKD and RMB settlement accounts are calculated separately.
  5. Does Internet Banking provide IPO subscription service for RMB denominated securities?

    We do not offer IPO subscription for RMB denominated securities via Internet Banking at the moment. Please visit any of our branches to apply.
  6. Is there any difference between trading securities in HKD and RMB via Internet Banking?

    The trading hours and service functionality are basically the same between securities in HKD and RMB. However, RMB denominated securities transaction will be settled in RMB (including but not limited to, subscription/share price, brokerage commission, stamp duty, Securities and Future Commission ("SFC") levy, SEHK trading fee, and other fees and charges). For any fees and charges that involve exchange of RMB against HKD, it will be calculated based on the exchange rate published by the Stock Exchange of Hong Kong Limited ("SEHK") on the same trading day.
  7. How to calculate stamp duty for non-HKD listed products?

    The stamp duty rate is 0.1% of the transaction amount for securities. For stamp duty purposes, if the transaction amount is in a currency other than HKD, it should be converted into HKD by using the exchange rate determined by the HKEx.

    For example,

    Purchase of 10,000 XYZ shares @RMB 12.52 on T day

    Exchange rate: 1.176 for T day

    Step 1: Transaction Amount in HK$ equivalent:

    10,000 x RMB12.52 x 1.176 = HK$147,235.20

    Step 2: Stamp duty in HK$:

    HK$147,235.20 x 0.1% = HK$148 (round up to the nearest $)

    The exchange rates for each trading day are made available on the HKEx website by 11:00 am or earlier on that day.

    You may check the exchange rates at: http://www.hkex.com.hk/eng/market/sec_tradinfo/stampfx/2011stampfx.htm
  8. What are the risks for trading RMB denominated securities ?

    1. Investment involves risk. The prices of the securities 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.
    2. Investors should carefully consider all of the information in the offering documents including the risks and uncertainties prior to making an investment in the RMB denominated securities.
    3. RMB is not freely convertible. Conversion between RMB and foreign currencies (including Hong Kong dollar) is subject to PRC regulatory restrictions which may affect the liquidity of the RMB denominated securities.
    4. As RMB denominated securities are new types of product, there may not be regular trading or active market. Therefore you may not be able to sell your investment on a timely basis, or you may have to sell the product at a deep discount to its value.
    5. Exchange rate risk - the Hong Kong dollar value of your investment will go down if the RMB depreciates against the Hong Kong dollar.
    6. Does the bank provide margin service for trading RMB denominated securities?

      No.
    1. What is an IPO?

      IPO stands for Initial Public Offering. It is the first time a company issues securities to investors. The newly issued securities will be listed on a stock exchange.
    2. What are the risks associated with IPOs?

      Over-subscription of an IPO: In some cases, IPO may be oversubscribed. The company may go through an allocation process to determine whether an investor will receive any securities and, if so, in what quantity. In view of potential not receiving the full amount of securities in case of over-subscription, an investor may be tempted to subscribe for more quantity than he intends to. The investor will receive all the quantity applied for and incur the full cost, if the IPO is not oversubscribed.

      Market risk: There is a risk that the company's share price will drop below its initial IPO price, once the company's securities commence trading (on the stock market or otherwise). Securities prices will fluctuate over time.

      Business risk: Before your application for IPO shares, it is vital to understand the nature of business you are investing in. Thoroughly study the offering documents, prospectus, financial reports and even seek professional advice before making any decision to invest.

      Customers can apply for IPO shares and other securities online by accessing our website www.icbcasia.com to read the offering documents then fill in the IPO application form and settle the payment online.
    3. What are eIPO services?

      eIPO refers to the IPO application services that are available in our Internet Securities Services website. The services available include offering particulars, application submission online and enquiry services.
    4. Are all IPOs available in eIPO services?

      No. Only selected IPOs will be made available in our eIPO services. The current IPO available for eIPO application can be found in the "Securities">"IPO"> "eIPO Application" using the horizontal menu, and “Investments”>"Securities">" IPO" >"eIPO Application">" using the vertical menu.
    5. Do I need to register for eIPO services?

      No. eIPO services are available to all Internet Securities Services users. If you have registered for our Internet Securities Servi
      ces, you can use the service in the website.
    6. What are the service hours of eIPO services?

      eIPO services are available 24 Hours (System will not debit the investable amount immediately after Securities Trading session, please ensure the Securities/settlement account has sufficient amount to cover the subscription application before 8:00 a.m. on next business day) You can submit your eIPO application for a specific IPO once the official lodging time starts. The application deadline for eIPO application will be 4:00 p.m. on the day before the official closing date of that IPO.
    7. How do I know whether my eIPO application has been successfully submitted for allotment?

      You can refer to the "Securities">"IPO"> "IPO Application Record" using the horizontal menu, and “Investments”>"Securities">" IPO" >"IPO Application Record">" using the vertical menu for the details of your eIPO application.
    8. Can I amend or cancel my application?

      No, once you confirm the eIPO application, we will start processing and you cannot amend or cancel your application.
    9. When will the application amount be debited from my account?

      The application amount (including any charges, if applicable) will be held from your account upon your confirmation of your eIPO application. Such amount will then be debited from the account on the official IPO closing date.
    10. How do I know if any shares have been allotted or not?

      If your application is successful, we will notify you by an advice. You can also check the "Securities">"IPO"> "IPO Application Record" using the horizontal menu, and “Investments”>"Securities">" IPO" >"IPO Application Record">" using the vertical menu for the allotment result. Besides, the Bank will also send the allotment result to the email address and/or mobile phone number provided by you in your application.
    11. If my eIPO application is unsuccessful, when will I receive the refund?

      Refund amount will be credited to your account after our receipt of the refund from the Issuer.
    12. How can I eligible to apply for eIPO?

      You must be 18 years of age or older and be a permanent resident of Hong Kong.
    13. Can I have multiple application?

      Where multiple applications are not permitted, multiple and suspected multiple applications will not be accepted and the bank is authorised but not obliged to act on the last instruction given or purported to be given by you where the bank receives more than one instruction whether through eIPO Services or otherwise from you.
    14. Can I apply for any number of shares?

      Applications must be in one of the numbers set out in the offering documents and indicated in the eIPO Application screen.
    15. Any charges would be included in the Application amount?

      Application amount would include 1% brokerage, 0.0027% SFC transaction levy and 0.005% Hong Kong Stock Exchange Trading Fee.
    16. What are the charges involved if I apply the IPO through ICBC(Asia) Nominee (Yellow Form)?

      Handling fee for application via electronic channel is HKD50.00.
    17. I have read the IPO details and related document before; do I have to review the document every time?

      There may be variations on offering details for individual IPOs; and thus you need to read and understand the "IPO Details" page and respective offering documents, prospectus every time before application.
    18. When is the most suitable time to submit IPO application?

      As IPO submissions usually peak on the last few days of the offering period, we advise you to submit your application as soon as you have made your investment decision. This allows you to avoid any unnecessary delay or hindrance in the submission of IPO application.
    19. Can I apply IPO via Joint Account?

      Yes, but other account holders cannot apply the same IPO via own or other joint accounts.
    1. What is IPO Financing?

      The Bank offers e-IPO Financing services to Personal Customers only. You can submit your IPO application together with an application for IPO loan, which can increase your investment capital. The Bank may consider offer loan up to 90% of the value of shares subscribed, therefore your deposit can be as low as 10% of the total application subscription amount
    2. Is this financing applicable to all the IPO?

      No, IPO Financing will be subject to the Bank's absolute discretion on case by case scenario.
    3. What account do I need to open for application of IPO financing?

      Personal customers can apply IPO together with the financing services via Personal Internet Banking Services and "Consolidated Investment Account - Securities (Cash)". Allotted shares will be held in the name of the Bank nominee company (ICBC(Asia) Nominee Limited and/or ICBC(Asia) Securities Limited) on your behalf
    4. What are the service hours of eIPO Financing services?

      eIPO services are available 24 Hours no matter you apply IPO with or without IPO financing services (System will not debit the investable amount immediately after Securities Trading session, please ensure the Securities/settlement account has sufficient amount to cover the subscription application before 8:00 a.m. on next business day) You can submit your eIPO application for a specific IPO once the official lodging time commences. The application deadline for eIPO application will be 4:00 p.m. on the day before the official closing date of that IPO. We consider IPO financing application on First-come-First serve basis.
    5. What are the procedures to apply for IPO financing online?

      Application
      1. You can access "Apply eIPO" page to view IPOs which accept application via Internet Banking Service. If you would like to apply the IPO together with the financing services, please click "Apply with Financing".
      2. Before apply, please read the provisions and prospectus and ensure you are qualified for applying the IPO according to the requirements listed in the prospectus.
      3. Input IPO Application and loan details
        • Please select Securities account and application quantity, you can choose either One-stop price(if applicable) with fixed application and interest. Alternatively you can select to input application quantity and loan amount/ratio
        • You can click "Calculate Charges" and system will display the Interest amount, Interest rate, debit amount (deposit) and loan amount according to the selected application quantity and loan ratio
        • You also have to provide mobile phone number and/or email address. System will send out the notification of the allotment result for this IPO while your information maintained in our system will not be updated.
      4. Application cannot be cancelled nor modified after submission.
      5. Please make sure the account has sufficient amount for the debit amount(deposit). Otherwise, the Bank shall have sole discretion to reject your application.
      6. Subject to the Bank's approval, the IPO financing is considered on a first come first served basis. Successful submission of your IPO loan application should in no way be interpreted as a sign your application has been approved by the Bank.


      Application and Repayment
      1. Allotted shares and/or refund amount will be paid to your account on Allotment Date. The Bank will notify you the allotment result via SMS/Email.
      2. If the refund amount is not sufficient to settle the loan amount, the Bank will debit the outstanding amount from your settlement account.
      3. The loan and interest will be repayable on demand and, in the absence of a demand, within 5 business days after we have notified you of your subscription result.
      4. If any part of the loan or interest thereon is not paid when due, we may without notice sell any or all of the securities allotted to you and use the sale proceeds after deducting all reasonable expenses to pay any amounts owing by you, in the order we reasonably select. You will charge to us all rights arising from your application and all securities allotted to you as continuing security for the payment of all amounts owing by you to us. You will within the time required by us do all things which we reasonably require to perfect our security interests.
    6. What is One-Stop Price?

      One-Stop Price is the loan interests for application quantity as defined by the Bank. The default loan amount is 90% of the application amount, you have to deposit 10% of the application amountIt is subject to the Bank's decision for every IPO to provide the One-Stop Price.
    7. How to calculate the interest payment for the loan?

      Interest Payment = Application Amount X Loan Tenor/365 Days X Interest Rate.Loan Tenor is from date of advance up to full repayment. Interest rate on financing will be subject to current market environment and varies among securities. The default loan amount is 90% of the application amount, you have to deposit 10% of the application amountIt is subject to the Bank's decision for every IPO to provide the One-Stop Price.
    8. Is there any maximum financing limit applicable?

      Yes. The Bank maintains a maximum financing limit for each IPO, if applicable, apply via Internet Banking, while there is overall limit for applying several IPOs concurrently. We consider IPO financing application on First-come-First serve basis.On the other hand, you have to make sure the account has sufficient amount as security deposit or the Bank shall have sole discretion to reject your application.
    9. Is there any minimum requirement for the loan amount?

      Yes. The Bank has minimum loan amount for each IPO, if applicable, please read the details in the application page.
    10. When I apply IPO financing via Internet Banking, system rejects and display "the maximum financing limit via Internet Banking is exceeded", can I still apply this IPO?

      You can change the loan ratio or apply without financing services. Besides, you can apply the IPO financing services via the branch, but there is a maximum loan amount for the application via branch.Please be aware no matter which application channels, you can apply the same IPO once only. Multiple and suspected multiple applications will not be considered.

    To borrow or not borrow? Borrow only if you can repay!