The default stock broking service offered by HSBC in Hong Kong covers online trading in local and US equities and a small number of other major global markets by phone. Rates for international stocks are not competitive withe best best international brokers operating in Hong Kong. Details below are based on this service.
The group also has a local securities operation that offers a wider range of markets. This is clearly aimed at wealthy clients, but firm does not provide much information on minimum account sizes and fees – it may be worth investigating for investors with larger accounts. If you’ve used this service and can provide some more information on terms and costs, feel free to send some feedback via the contact form.
Markets available
| Online trading | Hong Kong, USA |
| Telephone trading | Australia, Canada, China B, Japan - Tokyo, UK |
Dealing commissions and charges
| Typical online | ~HK$100-390 |
| Online details | Hong Kong 0.25% (min HK$100), USA up to 1% (min US$50 or US$0.05/share) |
| Typical telephone | ~HK$100-850 |
| Telephone details | Australia 1.15% (min A$80), Canada up to 2.2% (min C$80 or C$0.08 per share), Hong Kong 0.4% (min HK$100 - available to Premier customers only), Japan 1.15% (min ¥6,000), UK 1% (min £70), USA up to 1% (min US$50 or US$0.05/share - available to Premier and Advance customers only) |
Other fees and charges
| Account fees and inactivity fees | None |
| Custody charges for stocks | HK$150 every six months if overseas securities dealing account is open, even if no overseas stocks are held |
| Dividend charges | Hong Kong shares cash and scrip dividends 0.5% (min HK$30, max HK$2,500), overseas shares 0.5% (min HK$50) |
| Corporate action charges | Hong Kong shares bonus/rights/split HK$5 per board lot (min HK$30, max HK$200), warrant exercise HK$50 plus HK$5 per board lot (min HK$30), cash offer 0.5% (min HK$30, max HK$2,500); overseas shares cash offers and actions with cash consideration 0.5% (min HK$50), others HK$200; overseas stocks not stated |
Currencies
| Currency conversion charges | Not stated |
| Hold cash in foreign currencies | Yes |
| Currencies allowed | AUD, CAD, CNY, GBP, HKD, JPY, USD |
Other details
| Tax-advantaged accounts | None |
| Other products and services | None |
| Minimum account size | None |
| Company location | Hong Kong |
| Further information | Go to the HSBC Hong Kong website |