Investors should note that investment involves risks. The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. Investors should not only base on this material alone to make any investment decision, but should read in detail in the relevant risk disclosure statements.

$0 brokerage fee offer on BUY trades for eligible Exchange Traded Fund(s) (“ETF(s)”)**

  1. The promotion period of this offer is from 1 March 2024 to 31 December 2024 (“Promotion Period”).
  2. Securities customers of Hang Seng Bank Limited (“the Bank”) who have successfully executed buy transactions of eligible ETFs (see details in point 3 below) via any of the online trading channels of the Bank (including Invest Express, Hang Seng Personal e-Banking and Hang Seng mobile app) during the Promotion Period (“Eligible Securities Transaction(s)”), can enjoy $0 brokerage fee offer. For securities customers who are eligible for SimplyStock and in each month during the promotion period where the monthly fee of HKD30 under SimplyStock applies (covering trades up to HKD300,000), Eligible Securities Transaction(s) for this offer does not include buy transactions of eligible ETFs which are covered by the said monthly fee.
  3. ETFs which are eligible for the offer refer to ETFs which are managed by Hang Seng Investment Management Limited and listed on The Stock of Exchange of Hong Kong Limited during the Promotion Period. “Eligible Securities Transactions” exclude purchase transactions of Hang Seng Monthly Investment Plans for Stocks and share subscriptions of Initial Public Offering (IPO).
  4. The offer is calculated on a per account basis. Customers are required to pay all the standard brokerage fees of online trading channels (i.e. 0.25% of the transaction amount, minimum HKD100 / RMB85 per transaction) (“Standard Brokerage Fee”) first in respect of all Eligible Securities Transactions. The brokerage fee reduction amount (“Reduction Amount”) will be deposited by the Bank to the HKD / RMB settlement account of the relevant securities account on or before the below credit dates. Calculation of the Reduction Amount for each Eligible Securities Transaction will be based on the actual brokerage fee paid for such 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, handling fee, securities management fee, transfer fee and capital gain tax, etc. Customers should still maintain the relevant securities account and the HKD/RMB settlement account when the Reduction Amount is credited.

    Transaction Period

    Credit date of Reduction Amount

    1 March 2024 – 31 July 2024

    On or before 30 September 2024

    1 August 2024 – 31 December 2024

    On or before 28 February 2025
  5. This brokerage fee offer is a reduction of brokerage fee for securities transactions.
  6. Unless otherwise specified, the offers mentioned in these Terms and Conditions cannot be used in conjunction with other securities service offers of the Bank.
  7. In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.
  8. The offers are not applicable to Commercial customers, Private Banking customers, staff of the Bank and any party who enjoys special privileges and offers.
  9. 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.
  10. These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
  11. These Terms and Conditions are subject to prevailing regulatory requirements (where applicable).
  12. 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.

** This offer is provided by Hang Seng Bank Limited. However, please note that the eligible ETFs are managed by Hang Seng Investment Management Limited (a wholly-owned subsidiary of Hang Seng Bank Limited), and the relevant eligible ETFs’ trustee, index provider, participating dealers, market makers and any other service providers (as applicable) may include members of the HSBC Group. Please refer to the Hong Kong offering documents of the eligible ETFs for details including any potential conflicts of interest in respect of those ETFs that may arise.


Important Risk Warnings

Risk Disclosure of Exchange Traded Fund ("ETF") investment
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.