The document by itself is not and should not be considered as an offer,
recommendation or solicitation to deal in any of the investment and insurance
products or services mentioned herein.
The promotion is intended for persons in Hong Kong.
This website is for individual investors in Hong Kong only.
Disclosure of Information of Insurance Plans:
-
The plans are intended only for sale in Hong Kong. This document shall not be
construed as an offer to sell or solicitation of an offer or recommendation to
purchase or sale or provision of any products of Hang Seng Insurance Company
Limited (“Hang Seng Insurance”) or HSBC Life (International) Limited (“HSBC
Life”). Please refer to the promotion leaflets/flyers and contracts for the
important information such as detailed coverage, exact terms and conditions and
exclusions of the relevant insurance plan. Please refer to the product brochure
for the relevant product risks.
-
Hang Seng Insurance and HSBC Life are authorised and regulated by the Insurance
Authority of Hong Kong. Hang Seng Bank is an insurance agency authorised by Hang
Seng Insurance and HSBC Life for distribution of life insurance products and
medical insurance products, respectively. The insurance products are the
respective products of Hang Seng Insurance and HSBC Life but not Hang Seng Bank.
In respect of an eligible dispute (as defined in the Terms of Reference for the
Financial Dispute Resolution Centre in relation to the Financial Dispute
Resolution Scheme) arising between Hang Seng Bank and you out of the selling
process or processing of the related insurance product transaction, Hang Seng Bank
will enter into a Financial Dispute Resolution Scheme process with you; however,
any dispute over the contractual terms of the insurance products should be
resolved between Hang Seng Insurance or HSBC Life (as the case may be) and you
directly. For life insurance plans, if you surrender the policy after the expiry
of the cooling-off period, the surrender proceeds to be received may be
significantly less than the total premiums paid. Please refer to the illustration
summary of the plan for the projected surrender values.
Disclaimer
The information is provided by Hang Seng Bank Limited or its affiliates ("Hang
Seng") for general information and reference only and does not constitute nor is
it intended to be construed as any professional advice, offer, solicitation, or
recommendation to deal in any of the securities, investments, Stock, Foreign
exchange, products, and investment products etc. (collectively referred to “this
content”) mentioned herein. The information provided is based on sources which
Hang Seng believes to be reliable but has not been independently verified. They
represent the views of Hang Seng or the analyst(s) who prepare(s) this content at
the time of publication and are subject to changes without notice. The information
contained in this content may be indicative only and has not been independently
verified and no guarantee, representation, warranty or undertaking, express or
implied is made as to the fairness, accuracy, completeness or correctness of any
information. Investors should make their own assessment of the relevance, accuracy
and adequacy of the information and opinions contained in this document and make
such independent investigations as they may consider necessary or appropriate for
the purpose of such assessment. Hang Seng does not make any representation or
recommendation or assessment as to whether or not any of the investment(s)
mentioned herein is/are suitable or applicable to any persons and thus shall not
be held responsible in this regard. Investors should make investment decision(s)
based on his/her own financial situation, investment experience, investment
objectives, and specific needs; and if necessary or have any concerns about this
content, should seek independent professional advice before making any investment
decision(s).
All investments involve risks (including the risk of loss of capital invested).
Investors should note that prices of securities, foreign exchange, commodity and
investment products may go up as well as down and past performance is not
indicative of future performance. This webpage is not intended to form the basis
for an investment decision. Visitors to this webpage should not make any
investment decisions based solely on the information and services contained
herein. Investors should read the relevant investment product’s offering document
(including the full text of the risk factors and charges stated therein) before
making any investment decision. The investments mentioned or discussed in this
content may not be suitable for all investors. Hang Seng will not be liable to
anyone for any cost, claims, fees, penalties, loss or liability incurred if the
content is improperly used.
The investment products managed by Hang Seng may invest in or adopt investment
strategy similar or the same to those mentioned in the content.
The content shall not be duplicated or stored or distributed or “Hang Seng
Investment Management Limited”, “恒生投資管理有限公司”, “恒生投資管理” ,
“恒生投資” or any marks containing these names shall not be used without the prior
written consent of Hang Seng.
HSVM and Hang Seng Indexes Company Limited and other index companies (collectively
“Index Companies”) are separate and independent entities, HSVM’s views and
opinions do not represent the views or opinions of the Index Companies and HSVM
cannot influence Index Companies on any matter.
The content has not been reviewed by any Hong Kong regulatory authority.
This webpage is not intended to provide, nor should it be considered as providing,
legal, tax advice, or investment recommendations.
Important Notes
Risk Profiling Questionnaire:
The Risk Profiling Questionnaire is provided by the Bank and is intended to help
the customer understand his/her risk profile and investment needs. The Bank makes
no guarantee, representation or warranty and accepts no responsibility or
liability as to the accuracy or completeness of the information or recommendation
given. The suggestions are derived from information that the customer has provided
to the Bank. The suggestions are designed to meet the needs discussed in this test
and are in line with the customer’s attitude towards risk. The suggestions are for
the customer’s consideration when making his/her own investment decisions. The
suggestions are not an offer to sell or a solicitation to buy any financial
products and the suggestions should not be considered as investment advice.
Risk Disclosure:
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
If the eligible products that are traded by the Customer are not denominated in
RMB, the Customer may have to convert RMB into the relevant foreign currency when
the Customer invests in that foreign currency denominated eligible product. The
Customer will be exposed to exchange rate risk. Besides, if the relevant foreign
currency is subject to exchange control, it is possible that the Customer may not
receive the relevant foreign currency upon redemption or sale of the relevant
foreign currency denominated eligible products. The relevant foreign currency
denominated eligible products may also be subject to liquidity risk, credit and
insolvency risks of the product issuers.
Risk Disclosure of Investment Funds:
-
Investors should note that all investments involve risks (including the
possibility of loss of the capital invested), prices or value of investment fund
units may go up as well as down and past performance information presented is
not indicative of future performance. Investors should read carefully and
understand the relevant offering documents of the investment funds (including
the fund details and full text of the risk factors stated therein) and the
Notice to Customers for Fund Investing before making any investment decision.
Investment funds are investment products and some may involve derivatives.
Investors should carefully consider their own circumstances whether an
investment is suitable for them in view of their own investment objectives,
investment experience, preferred investment tenor, financial situation, risk
tolerance abilities, tax implications and other needs, etc., and should
understand the nature, terms and risks of the investment products. Investors
should obtain independent professional advice if they have concerns about their
investment.
-
The risks for funds which are index funds include but not limited to:
-
Tracking error risk: There can be no assurance that the performance of the
relevant fund will be identical to the performance of the relevant index.
Factors such as the fees and expenses borne by the relevant fund, the time
differences associated with portfolio re-balancing, the prices at which the
constituent stocks of the relevant index are acquired or disposed by the
relevant fund, the market condition at the relevant time of acquisition or
disposal, the index-tracking strategies or financial derivative instruments
used will affect the performance of such fund relative to the relevant
index.
-
Passive investment risk: Fund manager does not have any discretion to select
stocks individually or to take defensive positions in declining markets or
changes in the composition of the index. Hence, any fall in the relevant
index will result in corresponding fall in the value of the relevant fund.
The composition of the relevant index may change and stocks currently
comprising the relevant index may subsequently be delisted. Other stocks may
also be added subsequently to become constituent stocks of the relevant
index.
-
Concentration risk: The relevant fund may be concentrated in a single or
particular sector(s)or single country/ region. The performance of the
relevant fund could depend substantially on the performance of the relevant
single or particular sector(s)/market(s) and the relevant fund is likely to
be more volatile than a broad-based fund as it is more susceptible to
adverse conditions in the relevant single or particular sector(s) / market
(s). In seeking to reflect the weightings of constituent stocks of the
relevant index, investments of the relevant fund may be concentrated in a
single constituent stock or several constituent stocks. The performance of
the relevant index and the fund may be significantly affected by the price
fluctuation of one or several of the constituent stocks of the relevant
index.
-
The risks for funds which are bond funds, including but not limited to the
credit/default risks of the issuers of the bonds in which the bond funds invest,
interest rate risk and liquidity risk etc.
Risk Disclosure of Structured Products:
-
Structured Products involve derivatives. The investment decision is yours but
you should not invest in a Structured Product unless the intermediary who sells
it to you has explained to you that the Structured Product is suitable for you
having regard to your financial situation, investment experience and investment
objectives. Structured Product is a complex product and you should exercise
caution in relation to Structured Products. The market value of the Structured
Products may fluctuate and investors may sustain a total loss of their
investment. Prospective investors should therefore ensure that they understand
the nature of the Structured Products and carefully study the risk factors set
out in the offering documents for the Structured Products and, where necessary,
seek independent professional advice, before they decide whether to invest in
any Structured Products. If you purchase the Structured Products, you are
relying upon the creditworthiness of the Issuer of the Structured Products.
-
Liquidity risk - Structured Products are designed to be held to its maturity.
You may not be able to sell your investment in the Structured Products before
maturity. If you try to sell the Structured Products before maturity, the amount
you receive may be substantially less than the investment amount you paid for
the Structured Products.
-
Credit risk of the Structured Products issuer - Structured Products constitute
general unsecured and unsubordinated contractual obligations of the issuer. When
you buy Structured Products, you will be relying on the creditworthiness of the
Structured Products issuer and of no other person. You have no rights under the
terms and conditions of the Structured Products against any issuer of any linked
underlying(s). If the relevant Structured Products issuer becomes insolvent or
default on its obligations under the Structured Products, in the worst case
scenario, you could lose all of your investment.
-
Not the same as investing in linked underlying(s) - Investing in Structured
Products is not the same as investing in the linked underlying(s). Changes in
the market price or level of any linked underlying(s) may not lead to a
corresponding change in the market value of, or your potential gain or loss
under, the Structured Products.
-
Before making any investment, investors should
i) read and fully understand all the offering documents relating to Structured
Products and all the risk disclosure statements and risk warnings therein; and
ii) make investment decisions in light of your own investment objectives,
financial position and particular needs and where necessary consult your own
professional advisers before investing.
Risk Disclosure of Bond and Certificate of Deposit Product:
-
Bonds and Certificates of Deposit (CDs) are investment products. The investment
decision is yours but you should not invest in a bond/CD unless the intermediary
who sells it to you has explained to you that the bond/CD is suitable to you
having regard to your financial situation, investment experience and investment
objectives. Your intermediary is under a duty to assure that you understand the
nature and risks of this product, and that you have sufficient net worth to be
able to assume the risks and bear the potential losses of trading in this
product.
-
Bonds are not deposits and should not be treated as substitute for conventional
time deposits.
-
Certificate of Deposit is not a protected deposit and is not protected by the
Deposit Protection Scheme in Hong Kong.
-
Investors who purchase bonds/CDs are exposed to the credit risk of the issuer
and guarantor (if any) of the bonds/CDs. There is no assurance of protection
against a default by the issuer/guarantor in respect of the repayment
obligations. In the worst case scenario, any failure by the issuer and the
guarantor (if any) to perform their respective obligations under the bonds/CDs
when due may result in a total loss of all of your investment.
-
Renminbi (RMB) is not a freely convertible currency. As such, investors trading
bonds and/or CDs denominated in RMB are subject to additional risks (such as
currency risk).
-
The above is not an exhaustive list of risk factors. Please refer to the section
on “Risk Factors” in the relevant “Bond / Certificate of Deposit Trading
Services” Factsheet to understand other risk factors applicable to bonds and
CDs.
-
The information displayed does not constitute nor is it intended to be construed
as any professional advice, offer, solicitation or recommendation to deal in
Bonds / CDs. Investors should be aware that all investments involve risks
(including the possibility of loss of the capital invested). The prices of Bonds
and CDs may go up as well as down and past performance is not indicative of
future performance. Investors should not only base on this information alone to
make investment decisions, and should carefully consider whether an investment
is suitable for them in view of their own investment objectives, investment
experience, investment tenor, financial situation, risk tolerance abilities, tax
implications and other needs, etc., and should read the relevant product
offering documents and terms and conditions (including the full text of the risk
factors therein) in detail before making any investment decisions. Investors
should obtain independent professional advice if they have concerns about their
investment.
-
No guarantee, representation, warranty or undertaking, express or implied, is
made as to the fairness, accuracy, timeliness, completeness or correctness of
any general financial and market information, news services and market analysis,
projections and/or opinions (“Market Information”) provided above and the basis
upon which any such Market Information have been made, and no liability or
responsibility is accepted by the Bank in relation to the use of or reliance on
any such Market Information whatsoever provided in the webinar.
-
Investors must make their own assessment of the relevance, accuracy and adequacy
of the information provided and make such independent research/investigations as
they may consider necessary or appropriate for the purpose of such assessment.
The Bank does not make any representation or recommendation or assessment as to
whether or not any of the investment(s) mentioned are suitable or applicable to
any persons and thus shall not be held responsible in this regard.
Risk Disclosure of Currency-Linked Capital Protected Investment Deposit (“CPI”):
-
Currency-Linked Capital Protected Investment Deposit (“CPI”) involves
derivatives. You should not only base on this material alone to make any
investment decisions. The investment decision is yours and you should not invest
in the CPI unless the intermediary who sells it to you has explained to you that
the product is suitable for you having regard to your financial situation,
investment experience and investment objectives and you fully understand and are
willing to assume the risks associated with it. You should therefore ensure that
you read and understand the nature of the CPI and the relevant offering
documents of the CPI (including the full text of the risk factors therein) and,
where necessary, seek independent professional advice, before making any
investment decisions.
-
CPI is embedded with FX options. Option transactions involve risks, even when
buying an option. The option’s value might become worthless if the market moves
against your expectation.
-
Not a time deposit - You should note that this product is not normal time
deposit and thus should not be considered as normal time deposit or its
alternative. It is not protected by the Deposit Protection Scheme in Hong Kong.
-
You should understand that the Principal of the Currency-Linked Capital
Protected Investment Deposit is protected only when it is held to maturity and
it is subject to the credit risk of the Bank. CPI is not secured by any
collateral. If the Bank becomes insolvent or default on its obligations under
the CPI, in the worst case scenario, you could suffer a total loss of your
investment amount.
-
Not covered by the Investor Compensation Fund – CPI is not traded on any markets
operated by Hong Kong Exchanges and Clearing Limited or any other stock
exchanges.
-
Investing in CPI is not the same as buying the Underlying Currency Pair
directly.
-
Renminbi (RMB) is subject to foreign exchange control by the PRC government and
thus investors investing in the Currency-Linked CPI involving RMB are subject to
the currency risk of RMB.
-
Risk of adjustments or early termination by the Bank - Certain Terms and
Conditions (including some of the key dates) of CPI can be adjusted by the Bank.
The CPI may be terminated early by the Bank. This might have a negative impact
on the product’s Return / Coupon (if any).
Important Risk Warnings in relation to Securities Investment:
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 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.
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.
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.
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.
Risk Disclosure for TraHK
-
The Tracker Fund of Hong Kong ("TraHK") is an exchange-traded fund designed to
provide investment results that closely correspond to the performance of the
Hang Seng Index ("Index") but its return may deviate from that of the Index.
-
Investment involves risk, including risks of concentration of investments in
shares in constituent companies of the Index, performance of the Index,
economic, political and social developments, risks relating to investment in
Hong Kong-listed stocks, and dual counter risks. Investors may lose part or all
of their investments.
-
Due to fees and expenses of TraHK, liquidity of the market and tracking strategy
adopted by the Manager, TraHK's return may deviate from that of the Index.
-
The trading price of TraHK may differ from the underlying net asset value
("NAV") per unit.
-
TraHK may not be suitable for all investors. Investors should not invest based
on this website only. Investors should read TraHK's prospectus including all
risk factors, consider the product features, their own investment objectives,
risk tolerance level and other factors, and seek independent financial and
professional advice as appropriate prior to making any investment.
-
The performance of TraHK, the NAV per unit and the performance by the manager
and the trustee of their respective obligations are not guaranteed by the HKSAR
Government. The HKSAR Government has given no guarantee or assurance that the
investment objective of TraHK will be met.
Risk Disclosure of Structured Notes:
-
Structured notes involving derivatives are defined as complex products under the
Guideline on Online Distribution and Advisory Platforms from the Securities and
Futures Commission ("SFC"), you should exercise caution in relation to this
product and seek independent professional advice when necessary before making
investment decisions.
-
Some structured notes provide a minimum return on your principal, provided the
structured notes are held to maturity. You should also read the risk factors set
out in the relevant offering documents of the structured notes before making any
investment decisions.
-
The information on this marketing material is provided for reference only and
shall not be considered as investment advice. It does not constitute any offer,
invitation or recommendation to any person to purchase any structured notes
described herein. If you have any doubt, you should seek independent
professional advice.
-
The information contained on this marketing material has not been reviewed by
the SFC or any other regulatory authority in Hong Kong.
Risk Disclosure of Equity Linked Investments (ELIs)
-
Equity Linked Investments (ELIs) involve derivatives. You should not only base
on this material alone to make any investment decisions. The investment decision
is yours and you should not invest in the ELIs unless the intermediary who sells
it to you has explained to you that the product is suitable for you having
regard to your financial situation, investment experience and investment
objectives and you fully understand and are willing to assume the risks
associated with it.
-
ELIs are considered as a complex product and you should exercise caution in
relation to ELIs. The market value of the ELIs may fluctuate and investors may
sustain a total loss of their investment. You should therefore ensure that you
read and understand the nature of structured notes and the relevant offering
documents of the ELIs (including the full text of the risk factors therein) and,
where necessary, seek independent professional advice, before making any
investment decisions.
-
Liquidity risk - ELIs are designed to be held to its maturity. You may not be
able to sell your investment in the ELIs before maturity. If you try to sell the
ELIs before expiry, the amount you receive may be substantially less than the
investment amount you paid for the ELI(s).
-
Credit risk of the ELI issuer - ELIs constitute general unsecured and
unsubordinated contractual obligations of the issuer. When you buy ELIs, you
will be relying on the creditworthiness of the ELI issuer and of no other
person. You have no rights under the terms and conditions of ELIs against any
issuer of any linked stock. If the relevant ELI issuer becomes insolvent or
default on its obligations under the ELIs, in the worst case scenario, you could
lose all of your investment. The Issuer has the right to terminate the ELIs
early.
-
Some ELIs are partially capital protected at maturity – Provided that you hold
the ELIs until maturity and the ELIs are not otherwise early terminated, there
are some ELIs are partially capital protected at maturity. The payout that you
receive at maturity may be less than your initial investment amount but is
subject to a base redemption level.
-
Investing in ELIs are not the same as investing in the linked reference asset(s)
directly.
-
Not covered by the Investor Compensation Fund – ELIs are not traded on any
markets operated by Hong Kong Exchanges and Clearing Limited or any other stock
exchanges. There may not be an active or liquid secondary market.
-
The above is not an exhaustive list of risk factors. For details, please refer
to the offering documents.
Risk Disclosure of “MaxiInterest” Investment Deposit
-
“MaxiInterest” Investment Deposit (“MXI”) is a structured product involving
derivatives. You should not only base on this material alone to make any
investment decisions. The investment decision is yours and you should not invest
in MXI unless the intermediary who sells it to you has explained to you that MXI
is suitable for you having regard to your financial situation, investment
experience and investment objectives and you fully understand and are willing to
assume the risks associated with it. You should therefore ensure that you read
and understand the nature of the MXI and the relevant offering documents of the
MXI (including the full text of the risk factors therein), where necessary, seek
independent professional advice, before making any investment decisions.
-
MXI is embedded with FX options. Option transactions involve risks, especially
when selling an option. Although the premium received from selling an option is
fixed, you may sustain a loss well in excess of such premium amount, and the
loss could be substantial.
-
You should note that MXI is not normal time deposit and thus should not be
considered as normal time deposit or its alternative. It is not a protected
deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
-
Earnings on MXI are limited to the nominal interest payable and it is only
payable upon maturity. As the principal and the earning will be paid in the
Deposit Currency or the Linked Currency, whichever has depreciated against the
other, investors will have to bear the potential losses due to currency
depreciation, which may be substantial. If MXI is withdrawn before maturity,
investors will also have to bear the costs involved. Such losses and costs may
reduce the earnings and the principal amount of MXI.
-
You will be relying on the Bank's (as the issuer) creditworthiness. MXI is not
secured by any collateral. If the Bank becomes insolvent or default on its
obligations under MXI, in the worst case scenario, you could suffer a total loss
of your investment amount.
-
MXI is not listed on any stock exchange and is not covered by the Investor
Compensation Fund.
- Investing in MXI is not the same as buying the linked currency directly.
-
Renminbi (RMB) is subject to foreign exchange control by the PRC government and
thus investors investing in the MXI involving RMB are subject to the currency
risk of RMB.
-
Certain Terms and Conditions (including some of the key dates) of MXI can be
adjusted by the Bank in certain circumstances. The MXI may be terminated early
by the Bank. This might have a negative impact on the product's return.
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.