Important Notices

20/01/2022

Effective from 20 Jan 2022, the fund withdrawal service will cut off at 11am

Due to rapidly evolving Covid-19 situation in Hong Kong recently, a lot of banks have temporarily adjusted their banking hours.  As a result, our fund withdrawal service will cut off earlier at 11am effective from 20 Jan 2022 until further notice.

22/12/2021

Arrangements of Trading, Client Services Hotline and Fund Deposit / Withdrawal During Eves Of Christmas, New Year and Lunar New Year

Please note that there will be no afternoon trading session and After-Hours Trading session on the coming eves of Christmas (24 December 2021, Friday), New Year (31 December 2021, Friday), and Lunar New Year (31 January 2022, Monday) in the Hong Kong Securities, Futures and Options markets. Client Services Hotline will service until 3pm on respective dates. Voice mails and emails will be handled on the next working day. The cut off time of fund deposit and withdrawal will be as below:

Instruction Cut Off Time
Withdrawal 11:00am
Deposit 3:00pm

*Instruction received beyond the cut off time will be processed on next business day.

01/12/2021

Notice of Commencement of Collection of Financial Reporting Council Transaction Levy 

According to the announcement of the Financial Reporting Council Levy from the Financial Reporting Council (FRC) on 28 June 2021, and the press release of "the Gazettal of Commencement Notice of Financial Reporting Council (Amendment) Ordinance 2019" on 17 May 2019. FRC Ordinary require that sellers and purchasers of securities should pay the levies to the Financial Reporting Council (“FRC Transaction Levy”) will commence from 1 January 2022. For the details of FRC Transaction Levy, please refer to "Funding and Levies" section of the Financial Reporting Council website.

Below are some details of the FRC Transaction Levy:

  • FRC Transaction Levy is applicable to all sale and purchase of securities (admitted to trading, listed, or approved to be listed on the HKEX) recorded on the HKEX or notified to the HKEX;
  • FRC Transaction Levy is calculated at 0.00015% per side of the consideration of each transaction (rounded to the nearest cent);
  • There is no FRC Transaction Levy to the following securities market transactions
    • Sales and purchases of a stock option;
    • Sales and purchases from the exchange participant holds a securities market maker permit;
    • Sales and purchases of China Connect Securities through the China Connect Service by a China Connect Exchange Participant