HK STOCKS
| Item | Rate | Charged by |
|---|---|---|
| Commission | 0.03% of trading value HKD 3 minimum per deal | Snowball X |
| Platform fee | HKD 15 per deal | Snowball X |
Withholding charges:
| Item | Rate | Charged by |
|---|---|---|
| Clearing fee | 0.002% of trading value HKD 2 minimum per deal HKD 100 maximum per deal | Hong Kong Clearing House |
| Stamp duty* | 0.1% of trading value | Hong Kong government |
| Transaction fee | 0.005% of trading value HKD 0.51 minimum per deal | Hong Kong Stock Exchange |
| Transaction levy | 0.0027% of trading value HKD 0.01 minimum per deal | Securities and Futures Commission of HK |
Notes: The withholding charges are calculated on the basis of each deal, and an order can be divided into to a number of deals to be fulfilled by the stock exchange. All the withholding charges are subject to modifications made by Stock Exchange and HK government, for more information visit Stock Exchange website.
* For Stamp duty, decimals are rounded up to the nearest dollar e.g. HKD 2.01 as calculated from the formula is charged as HKD 3.00. Not applicable to warrants and structured products.
Other charges for HK stocks:
| Item | Rate | Charged by |
|---|---|---|
| Withholding dividend tax | Stocks of Hong Kong companies are exempt from dividend tax. H shares subject to dividend tax rate of 10% (automatically withholding at the time of distribution) | Hong Kong tax authority |
| Position transfer fee | HKD 0 transferring position in HKD 400 transferring position out | Snowball X |
| Real-time quote fees | HKD 0 for Snowball clients | None |
| Account management fee (or minimum monthly commission) | HKD 0 for Snowball clients | None |
Charges for subscriptions of new HK stocks:
| Item | Rate | Charged by |
|---|---|---|
| Subscription fee | Subscription financing: HKD100 for a single deal. Charged once subscription initiated. | External agency |
| Interest of subscription financing | Financing annual interest rate is around 4% (slightly adjusted according to the market capital condition when each stock is listed) | Snowball X |
| Trading levy, trading fee and brokerage commission | 1.0077% (only charged for ballot) | Securities and Futures Commission of HK, HKEX and brokerage firm |