Core Pacific – Yamaichi


This Hong Kong brokerage was originally founded in the early 1990s by Taiwan’s Core Pacific Group, now best known internationally for being behind one of the world’s oddest looking shopping malls. It subsequently acquired the Hong Kong operations of Yamaichi Securities – formerly one of the Japanese ‘big four’ brokers – when the latter went bankrupt in 1997, merged with the Hong Kong arm of Taiwan’s Yuanta Securities in 1999 and then got caught up in a lengthy court battle when Core Pacific and Yuanta fell out.

Today, the firm offers trading in most Asian markets and a few others outside the region. However, fees are high and it looks like most investors can get a better deal elsewhere. It’s included in the directory to help with comparisons, but there is no customer feedback available so far.

Markets available
Online tradingHong Kong
Telephone tradingAustralia, Canada, China B, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, UK, USA, USA OTCBB
Dealing commissions and charges
Typical onlineHK$100
Online detailsHong Kong 0.25% (min HK$100)
Typical telephonemin ~HK$100-1,050
Telephone detailsAustralia 0.7% (min A$70), Canada 0.6% (min C$60), China B 0.3% (min Shanghai US$15, Shenzhen US$100), Indonesia 0.6% (min US$50) plus US$80 settlement charge, Japan 0.4% (min ¥2,500) plus ¥1,200 settlement or ¥2,400 settlement if delivery versus payment, Korea 0.6% (KRW30,000), Malaysia 0.6% (min MYR200), New Zealand 0.7% (min NZ$60), Philippines 0.6% (min PHP2,000) plus PHP1,800 settlement, Singapore 0.4% (min S$85), Taiwan TWSE 0.25% (min NT$450) plus NT$1,800 settlement, Taiwan GreTai 0.5% (min NT$450) plus NT$1,800 and NT$0.5 per 1,000 shares settlement, Thailand 0.6% (min THB2,000) plus THB2,250 settlement, UK 0.6% (min £65) plus £10 settlement, USA 0.25% (min US$70) plus US$30 settlement for delivery versus payment
Other fees and charges
Account fees and inactivity feesNone
Custody charges for stocksHong Kong none, Indonesia 0.165% per year, Japan 0.03% per year, Malaysia 0.07% plus MYR0.04 per 1,000 shares per year, Philippines 0.125% per year, Singapore 0.07% per year, Taiwan 0.07-0.08% per year, USA US$0.02-0.05 per share per year Charges below HK$20 will be waived
Dividend chargesAustralia A$33, China B US$2/HK$15, Hong Kong 0.5% (min HK$10, max HK$10,000), Indonesia S$8, Japan ¥200, Korea KRW6,500, Malaysia 1% (min MYR10, max MYR100) plus 0.15% (min MYR20), Philippines S$8, Singapore S$13, Taiwan 0.5% (min NT$200, max NT$5,000), THB 1.25% (min THB200, max THB2,000), UK €2, USA 2.25% (min YS$8, max US$75)
Corporate action chargesHong Kong bonus/scrip issue free, other actions HK$50 plus HK$1 per board lot; others not stated
Currency conversion chargesNot stated
Hold cash in foreign currenciesNot stated
Currencies allowedNot stated
Other details
Tax-advantaged accountsNone
Other products and servicesBonds, funds, futures, options
Minimum account sizeNone
Company locationHong Kong
Further informationVisit the Core Pacific – Yamaichi website

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 Posted by at 6:56 pm