Your browser version is out dated.For optimal viewing, Please update the browser to the latest versions.(Update now)!
Current Location >> Personal Banking>> Investment>> China Connect Securities


Risk Disclosure Statement (China Connect Securities)


1. The Customer's investment in China Connect securities may be affected by PRC and Hong Kong laws and regulations, and the rules of the PRC and Hong Kong stock exchanges, clearing houses and regulators.


2. The trading of China Connect securities is subject to restrictions which may be changed from time to time without notice including trading days, pre-trade checking, China Connect Security for sale only, maximum cross-boundary investment quota, daily quota (if the aggregate quota balance for Northbound trading is less than the daily quota, Northbound buy orders will be suspended on the next trading day until the aggregate quota balance returns to the daily balance level. If the daily quota is used up, unless otherwise determined, buy orders will not be accepted. Unless otherwise determined, sell orders will continue to be accepted). Northbound trading will only be available on the days when both the Hong Kong and the relevant China markets are open for trading and clearing, and banking services are available in both markets. When placing sell orders, the Customer must ensure that sufficient shares are kept in its securities account with the Bank. If the shares are kept outside such securities account, the Customer must transfer the shares to such securities account before the market opens on the selling day (T day); otherwise the Customer may not sell the shares on T day.


3. The Customer's China Connect securities may be subject to forced-sale arrangements as required by the stock exchange or clearing house. There is no guarantee that any China Connect securities may be bought or sold at all or at any time.


4. The Customer's instructions to trade in China Connect securities may not be accepted, it may be liable to regulatory investigations, its information may have to be disclosed and it will have to assume the legal consequences if it is in breach of or fails to comply with the rules of the relevant PRC stock exchange and applicable laws and regulations.


5. Settlement of Northbound trades (i.e., trades in securities on a PRC stock exchange) will be in RMB only, which is currently not freely convertible at present and is subject to the regulations of the government of the PRC. The fluctuation of the exchange rate of RMB against HKD or the Customer's local currency will affect the value of the Customer's investment even if the price of the RMB investment remains unchanged.


6. Northbound trading is not subject to the protection of the Investor Compensation Fund of Hong Kong (similar to the situation where investors trade in other foreign stocks through Hong Kong brokers) or the China Securities Investor Protection Fund and the rationale behind.


7. The Bank's obligations will be limited to accounting to the Customer for its share of any securities or payment in any currency actually credited to its broker's account with the Hong Kong clearing house. If the PRC clearing house defaults, the Hong Kong clearing house's liabilities will be limited to assisting in seeking recovery of the outstanding stocks and monies from the PRC clearing house through available legal channels and the PRC clearing house's liquidation process, if applicable.


8. The Customer will bear all taxes, fees, charges and levies payable in RMB and in HKD, in the PRC and in Hong Kong, including PRC stamp duty, income tax and/or withholding tax.


9. The Customer's information may be disclosed to the relevant brokers, agents, exchanges, clearing houses, regulators and tax or other authorities in the PRC and in Hong Kong.

 

Contact Us

Customer Service Hotline: 223 95559

Please visit any of our outlets