a.

Customers have to successfully open a securities account (personal/ joint) from 3 October 2014 to 31 December 2014  (“New Securities Account”), and all of the account holders of the New Securities Account must not hold any securities account (personal/ joint) with the Bank within a period of 3 months preceding the account opening date (“New Securities Customers”).

b.

The offer is only applicable to New Securities Customers who have successfully executed buy transactions of HKD-denominated Hong Kong stocks (please refer to point (1)(c) below for definition) and RMB-denominated Hong Kong stocks (please refer to point (1)(d) below for definition) listed on The Stock Exchange of Hong Kong Limited via any of the automated securities trading channels of the Bank (including Hang Seng Personal e-Banking and Automated Securities Trading Hotline) using the New Securities Account from the account opening date to 31 January 2015  (“Promotion Period”) ("Eligible Securities Transaction(s)"). 

c.

HKD-denominated Hong Kong stocks refer to Hong Kong securities listed on The Stock Exchange of Hong Kong Limited, exclude locally traded overseas stocks, any listed securities settled by non-Hong Kong dollars, i-Shares, Exchange Fund Notes, Hong Kong Link retail bonds, Government of HKSAR retail bonds/ibonds, purchase transactions of Hang Seng Monthly Investment Plans and IPO shares subscriptions.

d.

RMB-denominated Hong Kong stocks refer to RMB-denominated securities listed on The Stock Exchange of Hong Kong Limited, include stocks, Exchange Traded Funds, warrants, Real Estate Investment Trust and RMB bond Issued by The Ministry of Finance of the People's Republic of China.

e.

The offer is calculated on a per account basis. Customers are required to pay all the standard brokerage fees of automated securities trading channels first (i.e. 0.25% of the transaction amount, minimum HKD 100 per transaction for HKD-denominated Hong Kong stocks; minimum RMB85 per transaction for RMB-denominated Hong Kong stocks) in respect of all Eligible Securities Transactions. The brokerage fee reduction amount entitled ("Reduction Amount") will then be deposited by the Bank into the settlement account of the New Securities Account on or before 31 March 2015. The Reduction Amount for each Eligible Securities Transaction will be calculated based on the actual brokerage fee paid for each Eligible Securities Transaction (i.e. standard brokerage fee minus any brokerage fee reduction amount entitled for other securities offers during the Promotion Period (if any)). The actual brokerage fee paid excludes any custody fee, securities deposit charges, nominee services fee and any third party transaction charges such as Transaction Levy, Stamp Duty and Trading Fee, etc.. Customers should maintain the New Securities Account and the HKD and/or RMB settlement account when Reduction Amount is credited.

a.

From 8 September 2014 to 31 December 2014,  all securities customers of the Bank who successfully deposit Hong Kong stocks (please refer to point (2)(c) below for definition) by physical scrip or via Central Clearing and Settlement System (CCASS) to securities account of the Bank (“Securities Account”) can receive HKD200 cash coupons (“Cash Coupons”) for every accumulated market value equivalent to HKD150,000 or above deposited in the same Securities Account. Each Securities Account is entitled to receive up to a maximum of HKD6,000 Cash Coupons.  The accumulated market value is calculated on the deposited Hong Kong stocks in the same Securities Account based on the closing price on 31 December 2014. Any deposited Hong Kong stocks with accumulated market value (as calculated based on the closing price on 31 December 2014) less than HKD150,000 is not eligible for this offer; and any part of the accumulated market value in excess of HKD150,000 which falls short of its multiple will not be counted for the determination of the amount of Cash Coupons entitled.  The amount of Cash Coupons entitled is fixed at HKD200 or its multiple, depending on the accumulated market value deposited.

b.

If the securities customers withdraw any securities by physical scrip or via CCASS on or before 31 January 2015 from the Securities Account to other accounts (regardless of securities account of the Bank or not), the Securities Account will not be eligible for the Cash Coupons.

c.

Hong Kong stocks refers to Hong Kong stocks listed on The Stock Exchange of Hong Kong Limited, exclude locally traded overseas stocks, any listed securities settled by non-Hong Kong dollars, i-Shares, Exchange Fund Notes, Hong Kong Link retail bonds, Government of HKSAR retail bonds/ibonds.

d.

The Bank will inform the customers by post about the Cash Coupons redemption arrangement on or before 28 Feb 2015. The Cash Coupon is limited and is only available while stocks last. In case the Cash Coupon is out of stock, the Bank reserves the right to substitute the Cash Coupons with other gift. The value or type of the substitute gifts may be different from the current Cash Coupons provided for this promotion. The Cash Coupons is not transferable and cannot be redeemed or exchanged for cash or other products. The Cash Coupon is irreplaceable in the case of loss or damaged. All products, services and information of the Cash Coupons are directly provided to customer by the supplier, who is solely responsible for all related obligation and liabilities. The use of the Cash Coupon is subject to the relevant terms and conditions. For details, please refer to the terms and conditions printed on the Cash Coupon.

e.

Relevant service charges apply on stocks deposit service.  Please refer to the securities service charge table, or contact our staff for details.

a.

Personal customers who are HK Residents are all subject to restrictions, such as the conversion of RMB being subject to a daily limit for their RMB exchange carried out through banks in Hong Kong. As such, the RMB is currently not freely convertible. For details, terms and conditions of Renminbi deposit and exchange promotion, please approach our branch staff.

b.

The offer is quoted with reference to the interest rates offered by the Bank on 19 September 2014 for customers converting HKD into RMB20,000 or above and at the same time setting up a 1-week RMB time deposit via Branches, Phone Banking or Hang Seng Personal e-Banking.

c.

Customers can enjoy our preferential time deposit interest rate by converting HKD into RMB via designated channels and at the same time setting up an RMB time deposit. The offer is applicable to personal customers who hold an RMB account which is a sub-account of the Hang Seng Integrated Account, details as follows:

Customer Type^ Account Types Channels RMB Amount after conversion Tenor Interest Rate (p.a.) up to HK Residents Prestige Banking / Preferred Banking Branches / Phone Banking / Hang Seng Personal e-Banking RMB20,000 in one transaction 1 week 1 month 6.38% 3.40% Integrated Account 1 week 1 month 6.38% 3.30% Non-HK Residents Prestige Banking / Preferred Banking Branches / Phone Banking RMB20,000 to RMB5,000,000 in one transaction 1 week 1 month 6.38% 3.40% Hang Seng Personal e-Banking RMB20,000 to RMB1,000,000 in one transaction 1 week 1 month 6.38% 3.30% Integrated Account Branches / Phone Banking RMB20,000 to RMB5,000,000 in one transaction 1 week 1 month 6.38% 3.40% Hang Seng Personal e-Banking RMB20,000 to RMB1,000,000 in one transaction 1 week 1 month 6.38% 3.30%

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Interest rates and exchange rates are subject to review according to changes in market conditions from time to time. The Bank reserves the right to change the above interest rate and exchange rate offers at any time. Before making the relevant transaction, please check with our branch staff for the effective rates applicable to the transaction.

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The above offers are not applicable to the renewal of time deposit and cannot be used in conjunction with other interest rate or exchange rate offers for the same currency.

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Investment involves risk. Fluctuations in the exchange rate of a foreign currency may result in gains or losses in the event that the customer converts a time deposit from the foreign currency to HKD upon maturity.