for chances to win brokerage fee coupons!
From now until 31 August 2025, customers trading HK stocks / US stocks / A shares through any securities trading channel of the Bank can get a scratch card for each transaction. Log onto Hang Seng Invest Express mobile app to scratch your card for a chance to win a brokerage fee coupon, get up to full brokerage fee waiver on your next trade. There is no limit on the number of coupons to be received!
100% chance to get a brokerage fee coupon during designated period
Enjoy $0 brokerage fee for online buy and sell trades of HK stocks / US stocks / A shares in the first 3 months starting from the account opening date. Join “Scratch Reward” automatically thereafter, the scratch card entitlement and coupon usage period will be extended to 6 months!
As New Securities Customers with Payday+, you have 100% chance to get brokerage fee coupons throughout the entire period, with coupon value boosted up to a maximum of HKD1,888!
a full brokerage fee waiver on your next order
Just follow 3 simple steps:
- For existing securities customers, the period to obtain scratch card(s) is from 1 May 2025 to 31 July 2025, and the brokerage fee coupon(s) will be automatically used during the period from 1 May 2025 to 31 August 2025.
- For new securities customers (including customers with payroll) who open the securities account during the designated period, the period to obtain scratch card(s) is from the 4th to the 8th month after account opening, and the brokerage fee coupon(s) will be automatically used during the period from the 4th to the 9th month after account opening.
Illustrative Example (for reference only)
Assuming a customer purchased 500 shares at a price of HKD100 for Stock X through Invest Express. So, the total transaction amount is HKD50,000 and the standard brokerage fee (i.e. 0.25% of the transaction amount) is HKD125.
| Scenario | More than one Coupons available for this customer | More than one Coupons available for this customer | Coupon automatically selected for use in this transaction |
Net brokerage fee payable (i.e. after deduction of the coupon value) |
|---|---|---|---|---|
| 1 | Coupon A – $125 Coupon B – $100 |
$125 | Coupon A – $125 | $0 |
| 2 | Coupon C – $200 Coupon D – $150 |
$125 | Coupon D – $150* | $0 |
| 3 | Coupon E – $150 Coupon F – $100 |
$125 | Coupon F – $100 | Customer to pay $25 |
Important Risk Warnings
Risk of investing in securities via Stock Connect Northbound Trading
Investors should note that investing in different Renminbi-denominated securities and products involves different risks (including but are not limited to currency risk, exchange rate risk, credit risk of issuer / counterparty, interest rate risk, liquidity risk (where appropriate)). The key risks of investing in securities via the Stock Connect Northbound Trading include:
- Once the respective quota is used up, trading will be affected or will be suspended.
- Stock Connect Northbound Trading will only operate on days when both markets are open for trading. Investors should take note of the days the Stock Connect Northbound Trading is open for business and decide according to their own risk tolerance whether or not to take on the risk of price fluctuations in securities during the time when Stock Connect Northbound Trading is not trading.
- When a security is recalled from the scope of eligible securities for trading via Stock Connect Northbound Trading, that security can only be sold but NOT bought.
- Investors will be exposed to currency risk if conversion of the local currency into RMB is required.
Risk of investing in foreign securities
Foreign securities carry additional risks not generally associated with securities in the domestic market. The value or income (if any) of foreign securities may be more volatile and could be adversely affected by changes in many factors. Client assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap.571) and the rules made thereunder. Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong.
Risk of investing in Exchange Traded Fund ("ETF")
Investors should note that ETF is different from a typical unit trust and many factors will affect its performance. In general, the market price per ETF unit may be significantly higher or lower than its net asset value per unit due to market demand and supply, liquidity, and scale of trading spread in the secondary market and will fluctuate during the trading day. ETF is different from stocks, investors should read the offering documents of the relevant ETF and understand the features and risks of ETF etc.
RMB Currency Risk
Renminbi ("RMB") is subject to exchange rate risk. Fluctuation in the exchange rate of RMB may result in losses in the event that the customer subsequently converts RMB into another currency (including Hong Kong Dollars). Exchange controls imposed by the relevant authorities may also adversely affect the applicable exchange rate. RMB is currently not freely convertible and conversion of RMB may be subject to certain policy, regulatory requirements and/or restrictions (which are subject to changes from time to time without notice). The actual conversion arrangement will depend on the policy, regulatory requirements and/or restrictions prevailing at the relevant time.
Foreign Exchange Risk
Foreign Exchange involves Exchange Rate Risk. Fluctuations in the exchange rate of a foreign currency may result in gains or losses in the event that the customer converts HKD to foreign currency or vice versa.