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 )

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

8. The promotion period of the offers mentioned in this section I is from 1 January 2025 to 31 March 2025 ("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) 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.
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 January 2025 – 31 January 2025	Account opening date – 30 April 2025
    1 February 2025 – 28 February 2025	Account opening date – 31 May 2025
    1 March 2025 – 31 March 2025	Account opening date – 30 June 2025

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 New York Stock Exchange (NYSE), Nasdaq Global Market (NASDAQ), NYSE Amex Equities Market (AMEX) and NYSE ARCA.
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 31 August 2025. 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.

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

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

17. Deposit period of HK stocks (as defined in point 20) ("Deposit Period"):
    • New Securities Customer (as defined in point 9) is from New Securities Account opening date to 30 April 2025.
    • Existing Securities Customer (customers holding securities accounts other than the New Securities Customers): from 1 January 2025 to 31 March 2025.
18. 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 April 2025 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 April 2025) 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 April 2025 to determine the amount of cash reward entitled (if any).
19. If the New/Existing Securities Customers withdraw any securities by physical scrip or via CCASS on or before 31 May 2025 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.
20. “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 dollars 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.
21. The Bank will credit the cash reward to the HKD settlement account of the New/Existing Securities Account on or before 31 August 2025 and customer should still maintain the New/Existing Securities Account and its HKD settlement account by then.

III. Handling fee waiver of IPO subscription on HK stocks

22. The promotion period of the offer mentioned in this section III is from 1 January 2025 to 31 March 2025 (“Promotion Period”).
23. 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.
24. 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.
25. 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.

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

26. The promotion period of the offer mentioned in this section IV is from 1 January 2025 to 31 March 2025 (“Promotion Period”).
27. 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 (“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.
28. 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 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 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.
29. 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 31 May 2026. 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.