HSBC Hong Kong

 

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 tradingHong Kong, USA
Telephone tradingAustralia, Canada, China B, Japan - Tokyo, UK
Dealing commissions and charges
Typical online~HK$100-390
Online detailsHong Kong 0.25% (min HK$100), USA up to 1% (min US$50 or US$0.05/share)
Typical telephone~HK$100-850
Telephone detailsAustralia 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 feesNone
Custody charges for stocksHK$150 every six months if overseas securities dealing account is open, even if no overseas stocks are held
Dividend chargesHong Kong shares cash and scrip dividends 0.5% (min HK$30, max HK$2,500), overseas shares 0.5% (min HK$50)
Corporate action chargesHong 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 chargesNot stated
Hold cash in foreign currenciesYes
Currencies allowedAUD, CAD, CNY, GBP, HKD, JPY, USD
Other details
Tax-advantaged accountsNone
Other products and servicesNone
Minimum account sizeNone
Company locationHong Kong
Further informationVisit the HSBC Hong Kong website

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 Posted by at 12:25 am