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.
| Online trading | Hong Kong |
| Telephone trading | Australia, Canada, China B, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, UK, USA, USA OTCBB |
| Typical online | HK$100 |
| Online details | Hong Kong 0.25% (min HK$100) |
| Typical telephone | min ~HK$100-1,050 |
| Telephone details | Australia 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 |
| Account fees and inactivity fees | None |
| Custody charges for stocks | Hong 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 charges | Australia 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 charges | Hong Kong bonus/scrip issue free, other actions HK$50 plus HK$1 per board lot; others not stated |
| Currency conversion charges | Not stated |
| Hold cash in foreign currencies | Not stated |
| Currencies allowed | Not stated |
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