Hang Seng Bank

Terms and Conditions for Subscription of Relevant Investment Products Offer:

The promotion period is from 1 October 2024 to 31 December 2024, both dates inclusive (the "Promotion Period").
This offer is applicable to customers who newly open a Hang Seng Bank Limited ("the Bank") Cross-boundary WMC Southbound Account during the promotion period or existing WMC Southbound customers who did not subscribe any "Relevant Investments Products" between 1 January 2024 and 15 September 2024 (the "Eligible Customers").

Eligible Customers who have successfully subscribed for the Relevant Investment Products with their Cross-boundary WMC Southbound Investment Account through any channels of the Bank during the Promotion Period and have accumulated the designated investment amount are entitled to receive the following cash reward:

Relevant Investment Products	Minimum Accumulated Investment Amount (HKD or equivalent)	Cash Reward (for every HKD500,000 accumulated investment amount (HKD or equivalent)	Extra Cash Reward (for every HKD500,000 accumulated investment amount (HKD or equivalent)
Investment Funds and/or secondary market bonds	HKD500,000	HKD400 (Capped at HKD2,000 cash reward)	HKD500 (Capped at HKD3,000 cash reward)
Investment Funds and/or secondary market bonds	HKD3,000,000	HKD500 (Capped at HKD3,000 cash reward)
Certificate of Deposit Product	Every HKD500,000	HKD300 (Capped at HKD1,800 cash reward)

"Relevant Investment Products" refer to:
Successfully subscribe for and/or switching to any Wealth Management Connect (WMC) Investment Funds# distributed by the Bank (except for the funds set out in paragraph 5 below) through general subscription and/or the General Fund Switching Service, purchase secondary market bonds (except for the bonds set out in paragraph 5 below) through the Bank and/or subscribe for Certificate of Deposit Product.
The Offer is not applicable to fund subscription through Hang Seng Monthly Investment Plan for Funds, fund subscriptions via SimplyFund account (under the account number suffix of 384), and other funds/ fund transactions as specified by the Bank from time to time; and is not applicable to any bonds purchased from Initial Public Offering.
Any investment application made after the cut-off time of the Relevant Investment Products on 31 December 2024 will not be regarded as investment application made during the Promotion Period and will not be counted towards the Accumulated Investment Amount within the Promotion Period. All such applications will be handled in the next dealing day. Please note that the cut-off time for different investment products through different channels may vary. Eligible Customers are advised to check the cut-off time for the Relevant Investment Products with our staff.
About “Accumulated Investment Amount”:
- The Accumulated Investment Amount of Relevant Investment Products will be calculated in Hong Kong dollar. Only the value of completed transactions in Cross-boundary WMC Southbound Investment Account will be counted in determining the Accumulated Investment Amount, while the value of any cancelled or unsuccessful transactions will be excluded. If the Relevant Investment Products invested during the Promotion Period are denominated in currency other than Hong Kong dollar, the Accumulated Investment Amount within the Promotion Period will be calculated by converting it into Hong Kong dollar based on the exchange rate as determined by the Bank on the last dealing day of December 2024.
- During the Promotion Period, if an Eligible Customer’s trading or switching transactions of “Relevant Investment Products” are solely determined by the Bank as overly frequent or the holding period is too short, the Bank reserves the right to exclude such transactions when calculating the relevant Accumulated Investment Amount.
The Offer is calculated on a "per-Eligible Customer basis".
The cash reward will be deposited into the Cross-boundary WMC Southbound Account of the Eligible Customer in Hong Kong dollars on or before 31 Mar 2025. To receive the cash reward, the Eligible Customer must still hold the relevant account when the cash reward is deposited.
Each Eligible Customer will only be eligible for a maximum of HKD6,000 Cash Reward (with the Cash Reward amount depending on the Accumulated Investment Amount).
Unless otherwise specified, the Offer is not applicable to Business Banking and Private Banking customers of the Bank, and cannot be used in conjunction with “Online Investment Extra 2% p.a. Interest Rate Offer" and other offer(s) of the Bank.
No person other than the customer and the Bank (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these Terms and Conditions.
These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
These Terms and Conditions are subject to prevailing regulatory requirements.
For more details of the Offer, please contact the Bank’s staff. The Offer is Offered by the Bank. The Bank reserves the right to suspend, vary or terminate the Offer and to amend these Terms and Conditions at any time without prior notice. The Bank also reserves the right of final decision on all matters relating to the Offer, which shall be binding on all parties concerned.
In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.

# For details of eligible Wealth Management Connect (WMC) Funds, Bonds and CDs, please refer to Hang Seng Bank website>Investments or contact our staff.

Risk Disclosure of Investment Funds

Investors should note that all investments involve risks (including the possibility of loss of the capital invested), prices or value of investment fund units may go up as well as down and past performance information presented is not indicative of future performance. Investors should read carefully and understand the relevant Offering documents of the investment funds (including the fund details and full text of the risk factors stated therein) and the Notice to Customers for Fund Investing before making any investment decision. Investment funds are investment products and some may involve derivatives. Investors should carefully consider their own circumstances whether an investment is suitable for them in view of their own investment objectives, investment experience, preferred investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should understand the nature, terms and risks of the investment products. Investors should obtain independent professional advice if they have concerns about their investment.

Important Risk Warning of Bond or Certificate of Deposit Product

Bonds and Certificates of Deposit (CDs) are investment products. The investment decision is yours but you should not invest in a bond/CD unless the intermediary who sells it to you has explained to you that the bond/CD is suitable to you having regard to your financial situation, investment experience and investment objectives. Your intermediary is under a duty to assure that you understand the nature and risks of this product, and that you have sufficient net worth to be able to assume the risks and bear the potential losses of trading in this product.
Bonds are not deposits and should not be treated as substitute for conventional time deposits.
Certificate of Deposit is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
Investors who purchase bonds/CDs are exposed to the credit risk of the issuer and guarantor (if any) of the bonds/CDs. There is no assurance of protection against a default by the issuer/guarantor in respect of the repayment obligations. In the worst case scenario, any failure by the issuer and the guarantor (if any) to perform their respective obligations under the bonds/CDs when due may result in a total loss of all of your investment.
Renminbi (RMB) is not a freely convertible currency. As such, investors trading bonds and/or CDs denominated in RMB are subject to additional risks (such as currency risk).
The above is not an exhaustive list of risk factors. Please refer to the section on “Risk Factors” in the relevant “Bond / Certificate of Deposit Trading Services” Factsheet to understand other risk factors applicable to bonds and CDs.
The information displayed does not constitute nor is it intended to be construed as any professional advice, offer, solicitation or recommendation to deal in Bonds / CDs. Investors should be aware that all investments involve risks (including the possibility of loss of the capital invested). The prices of Bonds and CDs may go up as well as down and past performance is not indicative of future performance. Investors should not only base on this information alone to make investment decisions, and should carefully consider whether an investment is suitable for them in view of their own investment objectives, investment experience, investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should read the relevant product offering documents and terms and conditions (including the full text of the risk factors therein) in detail before making any investment decisions. Investors should obtain independent professional advice if they have concerns about their investment.
No guarantee, representation, warranty or undertaking, express or implied, is made as to the fairness, accuracy, timeliness, completeness or correctness of any general financial and market information, news services and market analysis, projections and/or opinions (“Market Information”) provided above and the basis upon which any such Market Information have been made, and no liability or responsibility is accepted by the Bank in relation to the use of or reliance on any such Market Information whatsoever provided in the webinar.
Investors must make their own assessment of the relevance, accuracy and adequacy of the information provided and make such independent research/investigations as they may consider necessary or appropriate for the purpose of such assessment. The Bank does not make any representation or recommendation or assessment as to whether or not any of the investment(s) mentioned are suitable or applicable to any persons and thus shall not be held responsible in this regard.

This communication is for general information and reference only. It is not, and is not intended to be, a solicitation, recommendation, or advice on, or offer of, any investment services or products. Investors should note that all investments involve risks (including the possibility of loss of the capital invested). Prices or value of investment products may go up as well as down and past performance is not indicative of future performance. Investors should not only base on this material alone to make investment decisions, but should read the relevant offering documents of the investment products (including the full text of the risk factors stated therein) and risk disclosure statements of the relevant investment products in detail before making any investment decision. Investors should carefully consider whether an investment is suitable for them in view of their own investment objectives, investment experience, investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should understand the nature, terms and risks of the investment products. Investors should obtain independent professional advice if they have concerns about their investment. The contents of this communication have not been reviewed by any regulatory authority in Hong Kong.

Hang Seng China is incorporated in Mainland China and is not an authorized institution in Hong Kong as defined in the Banking Ordinance (Cap. 155 of the Laws of Hong Kong) and is not subject to the supervision of the Hong Kong Monetary Authority. Hang Seng China cannot carry on in Hong Kong any banking business or business of taking deposits. Any deposits maintained with Hang Seng China are not protected under the Deposit Protection Scheme in Hong Kong.

This website is provided by Hang Seng Bank Limited (the “Bank”). The Bank is regulated and authorised to carry out banking activities in Hong Kong SAR. The products and services represented within this website are intended for Hong Kong customers. This website is not intended for distribution or use by any person in any jurisdiction, country or region where the distribution or use of this material is restricted and would not be permitted by law or regulation. If you are outside of Hong Kong, we may not be authorised to offer or provide you with the products and services available through this website in the country or region you are located or resident in.