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China Merchants Securities International Company Limited
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Hong Kong
Stock Markets
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Hong Kong Securities Service Charges
Securities Trading Services
Securities Trading Services
Equity Options Trading Services
Bonds Trading Services
OTC Investment Products Services for Professional Investors (“PI”)
CCASS
Nominee Services
IPO & Financing Services
Fund Trading Services
Other Services
Securities Trading Services
Services
Fees
Remarks
Services
Brokerage Commission
Fees
Terminal: 0.25% of transaction amount, minimum charge: HKD 100
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IPO Grey Market Trading: 0.2% of transaction amount, minimum charge: HKD 100
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Internet: 0.225% of transaction amount, minimum charge: HKD 100 (Client has to opt for receiving e-statement)
Client has to opt for receiving e-statement
Dual Counter trading : Commission is calculated according to the transaction currency E.g. if transaction currency is CNY, minimum charge is CNY 100 (Client has to opt for receiving e-statement)
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Services
Stamp Duty*
Fees
0.1% of the amount of the consideration or of its value on every sold note and every bought note (Collected by HKSAR Government (Effective Date: 17 November, 2023))
Collected by HKSAR Government (Effective Date: 17 November, 2023)
Services
Investor Compensation Levy
Fees
Charges subject to SFC’s announcement
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Services
Transaction Levy*
Fees
0.0027% of the transaction amount (Collected by the SFC)
Collected by the SFC
Services
Trading Fee*
Fees
0.00565% of the transaction amount (Collected by HKEx)
Collected by HKEx
Services
CCASS Stock Settlement Fee*
Fees
0.002% of the transaction amount (Min.: HK$2*, Max.: HK$100*)
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Services
Custody Fee
Fees
Free of charge
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Services
AFRC Transaction Levy*
Fees
0.00015% of the transaction amount
Collected by Accounting and Financial Reporting Council
*Dual Counter trading: if the transaction currency is CNY, the transaction amount will be converted to HKD for the calculation of fees. The fees will then be converted back to CNY. Exchange rate is subjected to the official rate provided by HKEx.
Equity Options Trading Services
Services
Fees
Remarks
Services
Commission
Fees
HK$40 per contract per side (minimum HK$100 applicable to executed orders for the same contract and same side on the same day)
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Services
Trading Tariff
Fees
Tier 1 Stock Options: HK$3.00 per contract per side
Tier 2 Stock Options: HK$1.00 per contract per side
Tier 3 Stock Options: HK$0.50 per contract per side
Collected by HKEx
Services
Equity Option Account Financing Charges
Fees
P+ 2.5% p.a. (P refers to the borrowing prime rate of CMS(HK))
P refers to the borrowing prime rate of CMS(HK)
Services
Covered Call Options
Fees
HK$100 per stock per transaction
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Services
Exercise Fee
Fees
HK$2 per contract (Collected by HKEx)
Collected by HKEx
Bonds Trading Services
Services
Fees
Remarks
Services
Custody Fee
Fees
0.04% of market value per annum, applied semi-annually, plus US$10 handling fee. (Or other equivalent currencies)
Or other equivalent currencies
Services
Trading Fee
Fees
US$30 per transaction (Or other equivalent currencies)
Or other equivalent currencies
Services
Transfer Fee
Fees
US$80 per transaction (fees for clearing houses excluded) (Or other equivalent currencies)
Or other equivalent currencies
Services
Coupon Interest Collection Fee
Fees
0.5% of actual coupon interest received (Min.: US$5) (Or other equivalent currencies)
Or other equivalent currencies
Services
Early Redemption Fee
Fees
US$80 per transaction (Or other equivalent currencies)
Or other equivalent currencies
Services
Maturity Redemption Fee
Fees
US$50 per transaction (Or other equivalent currencies)
Or other equivalent currencies
Services
Conversion Fee
Fees
US$50 per transaction, plus additional costs (Or other equivalent currencies)
Or other equivalent currencies
OTC Investment Products Services for Professional Investors (“PI”)
Investment Product Type
Fees
Remarks (examples under the relevant product type)
Services
Fixed Income or Debt Securities
Fees
Each of the total (1) Monetary benefits to be received by CMSHK from clients, (2) Monetary benefits to be received from the product issuer, and (3) Trading Profit made from back-to-back transactions would in general not exceed 2% of the investment amount unless otherwise agreed and disclosed separately prior to related transaction. (Bonds, Certificate of Deposits, Fixed Rate Note, Floating Rate Note, Convertible Bonds, Preference Shares, etc.)
Bonds, Certificate of Deposits, Fixed Rate Note, Floating Rate Note, Convertible Bonds, Preference Shares, etc.
Services
Structured Products
Fees
Each of the total (1) Monetary benefits to be received by CMSHK from clients, (2) Monetary benefits to be received from the product issuer, and (3) Trading Profit made from back-to-back transactions would in general not exceed 2% of the investment amount unless otherwise agreed and disclosed separately prior to related transaction. (Structured Notes linked to various asset class including equity, currency, commodity, interest rate, index, etc. )
Structured Notes linked to various asset class including equity, currency, commodity, interest rate, index, etc.
Services
Fund Products
Fees
Up to charges as per offering document (Mutual Funds, Hedge Funds, Unit Trusts, Private Equity Funds, etc. )
Mutual Funds, Hedge Funds, Unit Trusts, Private Equity Funds, etc.
CCASS
Services
Fees
Remarks
Services
Handling Fee on Physical Scrip Withdrawal
Fees
HK$50 per stock and HK$5 per board lot
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Services
Handling Fee on Physical Scrip Deposit
Fees
Free of charge (Stamp duty HK$5 per transfer deed will be waived.)
Stamp duty HK$5 per transfer deed will be waived.
Services
Registration Scrip Fee
Fees
HK$2 per board lot (Process the transfer of title via Share Registrar.)
Process the transfer of title via Share Registrar.
Services
Script Fee on Out-of-Money Right Issues at Book Close Date
Fees
Free of charge
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Services
Scrip Fee on Delisting of Securities
Fees
Free of charge
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Services
Registration Scrip Fee on Stock Conversions Which Have No Extra Cash or Scrip Entitlement
Fees
Free of charge
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Services
Real-Time Delivery Instruction (DI)
Fees
HK$200
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Services
Stock Delivery by SI
Fees
0.25% of the total value of the previous closing day of each stock, minimum HK$200 handling fee per stock
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Services
Stock Receipt by SI
Fees
Free of charge
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Services
Individual Investor Account (ISI) (Receipt or Delivery through CCASS)
Fees
0.01% of total value of each stock of the previous closing day (Min.: HK$30)
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Services
Compulsory Shares Buy-Back
Fees
HK$200 per transaction, plus fees collected by CCASS & HKEx
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Nominee Services
Services
Fees
Remarks
Services
Collection of Cash Dividend (Or Scrip Dividend)
Fees
HK Shares: 0.50% of the gross dividend (Min: HK$30, Max: HK$10,000)
US Shares: 1.5% of the gross dividend (Max: US$70)
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Services
Dividend Collection Handling Fee (Overseas Shares)
Fees
US$12.82 per transaction (other additional costs excluded)
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Services
Handling Fee on Cash Offer
Fees
0.50% of the gross cash offer amount (Min: HK$30, Max: HK$10,000) plus fees collected by CCASS and HKEx, HK$0.8 per board lot (odd lots treated as one board lot).
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Services
Handling Fee on Right Issues Entitlement
Fees
Free of charge
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Services
Collection Fee on Bonus Shares
Fees
HK$2 per board lot (Min: HK$50, Max: HK$2,000)
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Services
Cash/Special/Conditional Offer
Fees
Free of charge
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Services
Rights/Warrants/ Covered Warrants Exercise Fees
Fees
HK$2 per board lot (min.: HK$50), plus fees collected by CCASS and HKEx, HK$0.8 per board lot (odd lots treated as one board lot)
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Services
Application Fee for additional Rights Subscription
Fees
1% of market value of subscription, plus loan interest
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Services
Corporate Action (Share split/ Consolidation/ Conversion)
Fees
Free of charge
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(The above nominee fees and handling fees also applicable to non-Hong Kong securities services)
IPO & Financing Services
Services
Fees
Remarks
Services
IPO Subscription Fee (Nominee/ eIPO )
Fees
HK$50 per application
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Services
Financing for IPO Subscription
Fees
Loan interest, plus HK$100 handling fee
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Services
Margin Account Interest Rate
Fees
P+2.5% p.a (borrowings lower than margin value of stock collateral),
or P+7.5% p.a. (Applicable to borrowings exceeding the margin value of stock collateral)
or P+10% p.a. (Applicable to borrowings exceeding the market value of the stock collateral (P refers to the borrowing prime rate of CMS(HK))
P refers to the borrowing prime rate of CMS(HK)
Services
Cash Account Overdue Interest
Fees
P+10%p.a.
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Fund Trading Services
Services
Subscription Fees
Remarks
Services
Subscription of Equity funds
Subscription Fees
Online order 0.5% / Manual order 1.00%
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Services
Subscription of Fixed income funds
Subscription Fees
Online order 0.25% / Manual order 0.5%
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Services
Subscription of Multi-asset funds
Subscription Fees
Online order 0.25% / Manual order 0.5%
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Services
Subscription of Money market funds
Subscription Fees
Online order 0.025% / Manual order 0.05%
Waived (Online order) within the promotion period, please contact your account manager for the details
*The management fee is subject to the relevant prospectus of the fund.
Other Services
Services
Fees
Remarks
Services
Collection Fee of Dividend Claim
Fees
HK$500 each, plus HK$100 per dividend, relevant costs may be charged by other institutions.
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Services
Handling Fee of issuing Audit Confirmation
Fees
HK$200 each
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Services
Handling Fee on Providing Asset Confirmation
Fees
HK$200 each
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Services
Paper Statements/ Notices/ Reports by post
Fees
HK$20 per month
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Services
Handling Fee on Providing Extra Statement/Transaction Record
Fees
Within 3 – 12 months: HK$10 each page,
Over 1 year : HK$20 each page,
Over 2 years: HK$30 each page
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Services
Shares Registrar/IRD / CCASS Notifications Handling Fee
Fees
HK$300 each
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Services
Scrip Transfer Fee
Fees
HK$5 per board lot, minimum HK$100 per stock
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Services
CCASS Monthly Statement Mailing Fee
Fees
HK$100 per month
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Services
Stop Cheque Payment Fee
Fees
HK$200 each
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Services
Bounced Cheque Fee
Fees
HK$200 each
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Services
Withdrawal Service Fee (Online)
Fees
For withdrawals of HKD／CNY 1,000,000 or below: Waived
For withdrawals exceeding HKD／CNY 1,000,000: HKD 50 per transaction, plus additional financial institution fees (if applicable)
For USD withdrawals: HKD 50 per transaction (same-day), plus any additional financial institution fees (if applicable); Non-same-day withdrawals are waived.
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Services
Withdrawal Service Fee (Offline)
Fees
HK$50 per transaction, plus additional financial institution fees(if applicable)
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Services
Telegraphic Transfer (PRC/Overseas) (Foreign Currency)
Fees
HK$50 per transaction, plus additional financial institution fees
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Services
Dormant Account Administration Fee
Fees
HK$50 per year
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Fees relevant to HKSAR Government/ HKEx/ SFC are subject to change without notice.
China Merchants Securities (HK) Co., Ltd reserves the right to adjust the above charges. All charges are subject to announcement.

Effective Date: 17 July, 2024
The above service charges are subject to change without notice.