General Terms and Conditions

1. Unless otherwise specified, the offers mentioned in these Terms and Conditions cannot be used in conjunction with other securities service offers of Hang Seng Bank Limited ("the Bank").
2. In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.
3. The offers are not applicable to Commercial customers, Private Banking customers, staff of the Bank and any party who enjoys special privileges and offers.
4. No person other than the relevant securities customers 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.
5. These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
6. These Terms and Conditions are subject to prevailing regulatory requirements (where applicable).
7. The Bank reserves the right to suspend, amend or terminate the offers below and to amend these Terms and Conditions at any time without prior notice. The decision of the Bank on all matters relating to the offers below shall be final and binding on all parties concerned.

Specific Terms and Conditions

Applicable to new securities customers (Section I & II)

8. The promotion period of the offers mentioned in section I and II is from 1 July 2026 to 30 September 2026 ("Promotion Period").
9. These offers are applicable to customers who successfully open securities accounts (personal/ joint) under Integrated Accounts of the Bank during the Promotion Period ("New Securities Accounts"), and all of the account holders of the New Securities Account must not hold any securities account (personal/ joint, including sub account of Monthly Investment Plan for Stocks) with the Bank within a period of 6 months preceding the account opening date ("New Securities Customers"). If a New Securities Customer opens more than one New Securities Account during the Promotion Period, only New Securities Account with the earliest account opening date will be eligible for the offers below. The Bank reserves the right of final discretion on which New Securities Account can enjoy the offers.

I. Unlimited $0 brokerage fee on HK Stocks, Stock Connect Securities or US Stocks buy/sell trades for 3 months

10. The trading period of this offer is not less than 3 calendar months, that is till the last calendar day of the 3rd month after the New Securities Account is opened ("Trading Period"), as stipulated below:

    Account Opening Date	Trading Period
    1 July 2026 – 31 July 2026	Account opening date – 31 October 2026
    1 August 2026 – 31 August 2026	Account opening date – 30 November 2026
    1 September 2026 – 30 September 2026	Account opening date – 31 December 2026

11. Brokerage fee waiver is only applicable to the buy/sell transactions of HK stocks, Stock Connect Securities and/or US stocks (as defined in point 13), which are conducted by the New Securities Customers via the Bank’s online trading channels (including Hang Seng Invest Express mobile app (“Invest Express”), Hang Seng Personal e-Banking and Hang Seng Personal Mobile App) (please note that buy/sell transactions of US stocks can only be conducted via Invest Express) and using the New Securities Account during the Trading Period (“Eligible Securities Transaction(s)”). There is no limit on the number of Eligible Securities Transaction(s) which can enjoy these offers and no minimum amount for each Eligible Securities Transaction.
12. These offers can be enjoyed by New Securities Customers who are eligible for SimplyStock, and the monthly fee of HKD30 under SimplyStock will be waived during the Trading Period.
13. "HK stocks" refer to Hong Kong dollar and Renminbi-denominated stocks listed on The Stock Exchange of Hong Kong Limited. "Stock Connect Securities" refer to A-shares/Exchange Traded Funds (ETFs) listed on the Shanghai Stock Exchange and/or Shenzhen Stock Exchange and eligible for Shanghai-Hong Kong Stock Connect Northbound Trading/Shenzhen-Hong Kong Stock Connect Northbound Trading. "US stocks" refer to Common Stocks (excluding warrants), Exchange Traded Funds (ETFs) and American Depository Receipts (ADRs) traded on US exchanges such as New York Stock Exchange (NYSE), Nasdaq Global Market (NASDAQ), NYSE Amex Equities Market (AMEX), NYSE ARCA and Chicago Board Options Exchange (CBOE).
14. Eligible Securities Transactions exclude locally traded overseas stocks, any listed securities not settled by Hong Kong dollar or Renminbi (except US stocks), i-Shares, Exchange Fund Notes, Hong Kong International Airport retail bonds, Government of HKSAR retail bonds / iBonds/Silver Bonds/Government Green Bonds, buy/sell transactions of Hang Seng Monthly Investment Plans for Stocks and shares subscriptions of Initial Public Offering (IPO).
15. The offer is calculated on a per account basis. Customers are required to first pay all the standard brokerage fees (i.e. 0.25% of the transaction amount, minimum HKD100 / RMB85 per transaction, or US$0.015 per share with minimum US$15 per transaction (as the case may be)) ("Standard Brokerage Fee") in respect of all Eligible Securities Transactions (while for New Securities Customers who are eligible for SimplyStock, they are required to first pay the relevant brokerage fee and the monthly fee of HKD30 under SimplyStock (where applicable)). The brokerage fee reduction amount for Eligible Securities Transactions and the SimplyStock monthly fee waiver (where applicable) that customers are entitled to (collectively "Reduction Amount") will then be deposited by the Bank into the HKD/RMB/USD settlement account of the New Securities Account on or before 28 February 2027. The calculation of Reduction Amount will be 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 Trading Period (if any)) and the actual monthly fee paid under SimplyStock (where applicable). The actual brokerage fee paid for Eligible Securities Transaction 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, handling fee, securities management fee, transfer fee, capital gain tax, SEC fee and financial transaction tax etc. Customers should still maintain the New Securities Account and the HKD, RMB and/or USD settlement account when the Reduction Amount is credited.
16. This brokerage fee offer is a reduction of brokerage fee for securities transactions.

II. Free Shares Reward for TRB Growth and Opening of New Securities Accounts

17. New Securities Customers can enjoy 8 units of the Tracker Fund of Hong Kong (stock code: 2800) ("Free Shares Reward") if he / she completes the following items on or before 31 October 2026 ("Eligible Customers"):
    1. Achieve Total Relationship Balance Growth Amount (as defined in point 19) of HKD1,000; and
    2. Complete consent submission of "Local Securities – Client Consent" by all of the New Securities Accounts holders.
18. "Total Relationship Balance" means the Eligible Customer's monthly aggregate balance of the daily average of all deposits, gold accounts, securities, investment funds, utilized overdraft facilities, credit card cash advances and outstanding balance of personal loans and the accumulated premiums paid for the designated life insurance plans distributed by the Bank as an agent as well as Hang Seng MPF balance. For sole-named Integrated Account holders, their other joint-named account(s) will also be included.
19. "Total Relationship Balance Growth Amount" means the "Total Relationship Balance" of any month from July 2026 to October 2026 in excess of the "Total Relationship Balance" of June 2026.
20. Each Eligible Customer can enjoy the Free Shares Reward once only. In case of a joint named account, only the primary account holder can enjoy this offer.
21. Eligible Customer must be a Hong Kong Identity Card (HKID) holder, and must not be
    1. residents of the following countries/regions: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, the United Kingdom ("UK") or Gibraltar; OR
    2. citizens or residents of the United States of America ("US") or residents of Canada ("CA") and their correspondence address must not be in the US or CA; and must not be citizens of Korea ("KO") with a residential or correspondence address in Korea.
22. The Free Shares Reward offer is provided by Hang Seng Bank ("the Bank"). However, please note that Tracker Fund (stock code: 2800) (the "ETF") is managed by Hang Seng Investment Management Limited (which is a wholly-owned subsidiary of the Bank), the ETF's Trustee, Index Provider, one or more of the Participating Dealers and/or market makers currently also include members of the HSBC Group. Please refer to the prospectus documents of the ETF for details of the conflicts of interest in respect of the ETF that may arise (and the relevant product details including the risk disclosures).
23. Also, please note the relevant risks related to trading of odd lots, including if the proceeds of the odd lots selling order are less than the related charges, customer must pay the difference and bear the loss that may arise from this. The processing time of odd lots trading is related to the stock liquidity and the number of odd lot shares. Due to the manual processing of odd lot orders, there is no definite range of price difference between the odd lots and the board lots; such orders may take longer to process and are not guaranteed to be executed. Normally, the execution price of an odd lot order will have several spreads worse than that of a board lot order. In addition, the Bank may only get quote(s) and execute the odd lot trade(s) for customers through one of the few brokers as may be designated by the Bank from time to time, while the Bank will act in customers' best interests with relevant best execution factors taken into account in relation to customers' order(s).
24. Regarding Eligible Customers who are entitled to the Free Shares Reward, the Bank will place orders to buy the Free Shares Reward in the secondary market (Hong Kong Stock Exchange) in the names of such Eligible Customers, and deposit the same into the New Securities Accounts of the such Eligible Customers on or before 31 December 2026. The deposited Free Shares Reward will be shown as a "buy trade" in the Securities Account monthly statement of the relevant month.
25. The Eligible Customers do not have to pay for any securities transaction fee involved for this "buy trade" of the Free Shares Reward, including brokerage fees, securities deposit charges, nominee services fee and any third party transaction charges such as transaction levy, stamp duty and trading fee, handling fee, securities management fee etc. (collectively "Securities Transaction Fees"). If Eligible Customers do not have other stock holdings except the Free Shares Reward in the relevant New Securities Accounts, which with the Free Shares Reward credited, during the period for 12 months since the deposit month, the custody fee for the same period will be waived.
26. This promotion and the offer of Free Shares Reward do not represent, and should not be construed as, any investment advice from the Bank and the Bank has not taken into consideration the individual circumstances of any customers. Investment involves risks. There can be no guarantee, and no representation is made, on the performance of the Free Shares Reward or as to whether losses would be incurred/profit would be made from the Free Shares Reward. Customers must make their investment decision in light of their own investment objectives, investment experience, financial situation or other needs etc., and (where necessary) should consult their own professional advisers before making any investment decisions.
27. Please note that in respect of the Free Shares Reward deposited into the Securities Accounts of the relevant Eligible Customers, customers are still subject to the fees and charges applicable to Securities Account, including custody fee (to be charged on a per account basis after expiry of the 12 months mentioned in point 25 above) in respect of their securities holding and the relevant Securities Transaction Fee, transfer fee and/or capital gain tax etc. when they sell, transfer or otherwise dispose of the Free Shares Reward in the future. For the details of our Securities Account fees and charges, please refer to Hang Seng Bank website > Investments > Securities > Securities Services Charges.
28. Completion time of the criteria set out in point 17 above is subject to the Bank's record. The Bank will determine the eligibility of the customers to join the Promotion based on the record held by the Bank. In case of any disputes, the Bank's record shall be final and conclusive.
29. Each Eligible Customer who is entitled to the Free Shares Reward must maintain valid Integrated Account, New Securities Account and "Local Securities – Client Consent" until the Free Shares Reward are deposited into the New Securities Account, otherwise such Free Shares Reward will be forfeited. If an Eligible Customer who is entitled to the Free Shares Reward has terminated the relevant Integrated Accounts at the time the Free Shares Reward are to be deposited into the New Securities Account, the Bank reserves the right to deduct from any accounts of the Eligible Customers maintained with the Bank an amount equivalent to the value of the Free Shares Reward (as determined by the Bank at its sole discretion with reference to the market value of the Free Shares Reward at the relevant date/time) without prior notice.
30. In case of any reason the Bank is unable to provide the Free Shares Reward as reward under this offer, the Bank reserves the right to substitute the Free Shares Reward with cash reward or other reward(s) at any time without prior notice. The value or nature of cash reward or the substitute reward(s) may differ from the Free Shares Reward specified in these Terms and Conditions.

 

Applicable to existing and new securities customers (Sections III, IV and V)

III. Up to HKD12,000 cash reward for depositing HK stocks

31. Deposit period of HK stocks (as defined in point 34) ("Deposit Period"):
    1. New Securities Customer (as defined in point 9) is from New Securities Account opening date to 31 October 2026.
    2. Existing Securities Customer (customers holding securities accounts other than the New Securities Customers): from 1 July 2026 to 30 September 2026.
32. During the Deposit Period, New/Existing Securities Customers who successfully deposit HK stocks via Central Clearing and Settlement System (CCASS) or by physical scrip to New/Existing Securities Account, can receive HKD400 cash reward for every accumulated market value equivalent to HKD300,000 or above deposited to the same New/Existing Securities Account. The offer is calculated on a per account basis. Each New/Existing Securities Account is entitled to receive a HKD cash reward of up to a maximum amount as set out below:

    	Cash Reward (based on the integrated account type)
    	Prestige Private	Prestige Banking	Preferred Banking or other Integrated Accounts
    New Securities Customers	HKD12,000	HKD6,000	HKD3,600
    Existing Securities Customers	HKD3,600

    The calculation of accumulated market value for the HK stocks which are deposited to the New/Existing Securities Account is based on the closing price of 30 October 2026 and excludes transfer between securities accounts within the Bank. Any deposited HK stocks during the Deposit Period with accumulated market value (as calculated and based on the closing price of 30 October 2026) which fall short of HKD300,000 or any part of the accumulated market value in excess of HKD300,000 which falls short of its multiple, will not be eligible to this offer. The amount of cash reward entitled is fixed at HKD400 or its multiple, depending on the accumulated market value of HK stocks deposited. For deposits of Hong Kong stocks denominated in Renminbi, the accumulated market value in Renminbi will be converted into Hong Kong dollar based on the prevailing exchange rate as determined by the Bank as of 30 October 2026 to determine the amount of cash reward entitled (if any).
33. If the New/Existing Securities Customers withdraw any securities by physical scrip or via CCASS on or before 30 November 2026 from the New/Existing Securities Account to other accounts (regardless of the securities account of the Bank or of other banks), the New/Existing Securities Account will not be eligible to the cash reward.
34. "HK stocks" refer to Hong Kong dollar and Renminbi-denominated stocks listed on The Stock Exchange of Hong Kong Limited. This offer is not applicable to locally traded overseas stocks, any listed securities not settled by Hong Kong dollar or Renminbi, i-Shares, Exchange Fund Notes, Hong Kong International Airport retail bonds, Government of HKSAR retail bonds/iBonds/Silver Bonds/Government Green Bonds and the value of such securities deposited would not be counted towards the accumulated market value of the deposited HK stocks.
35. The Bank will credit the cash reward to the HKD settlement account of the New/Existing Securities Account on or before 28 February 2027 and customer should still maintain the New/Existing Securities Account and its HKD settlement account by then.

IV. Handling fee waiver of IPO subscription on HK stocks

36. The promotion period of the offer mentioned in this section IV is from 1 July 2026 to 30 September 2026 (“Promotion Period”).
37. This offer is only applicable to IPO on HK Stocks. “HK stocks” refer to Hong Kong dollar-denominated stocks listed on The Stock Exchange of Hong Kong Limited. This offer is not applicable to any IPO settled in non-Hong Kong Dollars, locally traded overseas stocks, any listed securities settled by non-Hong Kong dollars, i-Shares, Exchange Fund Notes, Hong Kong International Airport retail bonds, Government of HKSAR retail bonds/iBonds/Silver Bonds/Government Green Bonds.
38. Unless otherwise specified, the IPO handling fee waiver cannot be used in conjunction with other securities services’ offers regarding IPO handling fee of the Bank.
39. Securities customers of the Bank who have authorized the Bank to subscribe for IPO shares by using the Bank’s securities account with yellow form or through IPO financing via digital channels (including Invest Express and Hang Seng Personal e-Banking) and the subscription amount has been successfully deducted on the payment date (i.e. the application deadline of the individual IPO and which must be within the Promotion Period), can enjoy IPO handling fee waiver (normally charged at HKD100 per application, and excludes the loan interest of IPO financing application by all-in-fee or any other IPO loan application). While the IPO handling fee is waived upfront, the Bank’s securities customers still have to pay 1% brokerage fee and any third party transaction charges such as Transaction Levy, Stamp Duty and Trading Fee, etc. for the relevant IPO subscriptions.

V. First year handling fee waiver for Monthly Investment Plan for Stocks

40. The promotion period of the offer mentioned in this section V is from 1 July 2026 to 30 September 2026 (“Promotion Period”).
41. Customers who set up a new Hang Seng Monthly Investment Plan for Stocks ("Eligible Stock Plan") through Hang Seng Personal e-Banking by using Monthly Investment Plan for Stocks Account (“Eligible Account”), but excluding amendment to any existing Hang Seng Monthly Investment Plan for Stocks, and meet the following requirements, can enjoy stock handling fee waiver for the first year (“MIPS Eligible Customers”):
    1. Have not set up and/or cancelled any Monthly Investment Plan for the same stock via the same Eligible Account within a period of 3 months preceding the set up date of the relevant Eligible Stock Plan, and
    2. Successfully pay the required monthly investment amount by direct debit on the designated payment date for 12 consecutive calendar months starting from the plan set-up month of the relevant Eligible Stock Plan.
42. The offer is calculated on a per account basis. In respect of each Eligible Account, there is no limit on the number of Eligible Stock Plan which can enjoy this offer or on the amount of handling fee which can be waived. If MIPS Eligible Customer terminates the Eligible Stock Plan or is unable to make any contribution within 12 consecutive calendar months after paying (and including) the first monthly investment amount for any reason, this offer will be forfeited in respect of that Eligible Stock Plan. Even if the MIPS Eligible Customer sets up another Monthly Investment Plan for the same stock via the same Eligible Account after such termination, this offer will not be applicable.
43. MIPS Eligible Customer is required to pay stock handling fee (stock handling fee is equivalent to 0.25% of the monthly investment amount for the Monthly Investment Plan for Stocks, minimum HKD50) with regard to the Eligible Stock Plan first. In respect of an Eligible Account, the stock handling fee reduction amount entitled ("Reduction Amount") will be the total amount of stock handling fee actually paid for the first 12 consecutive calendar months of all Eligible Stock Plan(s). The Reduction Amount will then be deposited by the Bank into the HKD settlement account of the Eligible Account by 30 November 2027. MIPS Eligible Customers should still maintain the Eligible Account, the HKD settlement account and the Eligible Stock Plan should still be active when the Reduction Amount is credited.