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China A Shares Trading

Trade China A shares 24 hours a day with our one-stop, hassle-free service

Trading China A Shares with HSBC

Enjoy the one-stop shop service from account management to China, Hong Kong and U.S. stock trading through our 24-hour stock trading channels.

Why choose HSBC to buy China A Shares?

Flexible

24-hour stock order placement via Online Banking Stock Trading Platform, HSBC Mobile Banking and manned phone

Easy to use

Stock order placement with just three clicks at Online Banking Stock Trading Platform 

Hassle free

Trade China, HK and US stocks through the same account and trading channels

How to invest/get started with HSBC

How to register for stock trading service - China A Shares?

No registration is required if you already have a HSBC integrated investment account and RMB Savings account. You can start trading eligible China A Shares immediately.

 

If you do not have any HSBC integrated investment account, you can conveniently open one by visiting any HSBC branch.

 

Note:
 

Please note that Chinese citizen (without permanent residence status outside Mainland China) is restricted from Northbound Trading of China Connect Securities. 

 

The service is offered to non-US personal customers with valid identification document complying with US tax requirements.(e.g. Hong Kong Permanent Identity Card and passport).

 

Integrated investment account refers to your HSBC Premier / HSBC One / Personal Integrated Account Investment account (account suffix 380). All your applicable investments may be held under your investment services account and the account covers all HSBC service channels (e.g. Personal Internet Banking service, Phonebanking and Branch).

Eligible channels for placing China A Shares order

Personal Internet Banking

You can trade eligible China A shares any where, anytime via Online Banking Stock Trading Platform

  • 24-hour online service
  • Comprehensive China A Shares market information, including real-time stock prices, market news, various major indices and market calendar with information of major corporate events, such as dividend announcements and ex-dividend dates. Find out more.
  • User friendly stock screening tool to help generate investment ideas

 

Log on to Online Banking Stock Trading Platform to manage your stock portfolio

 

HSBC Mobile Banking

 

HSBC offers a mobile trading platform (mobile/tablet) to trade China A shares even when you are on the way

  • Use your mobile or tablet to place eligible China A Shares orders round-the-clock
  • Simple and user-friendly mobile interface
  • Market information and real time stock quotes are also available to help you maximize investment opportunities

 

Phone banking

 

HSBC Premier and HSBC One customers can buy and sell eligible China A Shares through our customer service officers over the phone Monday - Friday, 8.00am - 3.00pm

 

HSBC Premier hotline: (852) 2996 6822

 

HSBC One hotline: (852) 2996 6833

 

For general enquiries, customers can also call us (Lines are open 24 hours)

 

HSBC Premier hotline: (852) 2233 3322 HSBC Personal Banking hotline: (852) 2233 3000

 

Personal Integrated Account or other personal banking customers hotline: (852) 2233 3000

How much does it cost?

See the product fact sheet for full details of the China A Shares trading services charges [PDF]
Services
 Rate
 Minimum Charge
Trade-related services
Buying and selling shares
    
  • Brokerage fee
    
Trading through HSBC Personal Internet Banking (Online Banking Stock Trading Platform)/ HSBC Mobile Banking
 0.25% of transaction amount
 RMB100
Trading through Express Stock Order Placement Hotline (for HSBC Premier and HSBC One customers only)
 0.25% of transaction amount
 RMB100
  • Handling Fee(collected for SSE/SZSE)

A-shares: 0.00341% of transaction amount

ETFs: 0.004% of transaction amount

  
  • Securities Management Fee(collected for CSRC)

A-shares: 0.002% of transaction amount

ETFs: Waived

  
  • Transfer Fee(collected for ChinaClear)
 A-shares: 0.001% of transaction amount
ETFs: Waived		  
  • Transfer Fee(collected for HKSCC)

A-shares: 0.002% of transaction amount

ETFs: 0.002% of transaction amount

  
  • Stamp Duty(collected for SAT)
 A-shares: 0.05% of transaction amount (for sell transaction only)
ETFs: Waived		  
  • Deposit Transaction Charge(for purchase transaction only)

RMB5 per board lot

(maximum charge: RMB200)

 RMB30

Scrip handling and settlement - related services

    
  • Free of payment through CCASS1
    

Receipt

 Free of Charge
  
Delivery
 RMB5 per board lot

RMB30per

stock per

transaction
Account Maintenance - Safe Custody Service
    
  • HSBC Premier, HSBC Premier Junior Pack, HSBC One and Personal Integrated Accounts2

RMB25 monthly for each customer account which has securities transaction record(s) or securities holdings in the one month period on or before the 1st of the following month.

(waived until 31 Dec 2024)

  

Nominee service and corporate actions

    
  • Collection of cash and scrip dividend

0.5% of dividend amount

(maximum charge: RMB2,500)

 RMB30
  • Collection of bonus issue

RMB5 per board lot

(maximum charge: RMB200)

 RMB30
  • Exercise rights

RMB5 per board lot on received stocks resulting from exercising the right

(maximum charge: RMB200)

 RMB30
  • Shares consolidation/splitting

RMB5 per board lot on received stocks resulting from shares consolidation/splitting

(maximum charge: RMB200)

 RMB30
  • Cash offers and other corporate actions with cash consideration

0.5% on each cash consideration

(maximum charge: RMB2,500)

 RMB30

Online Information Service

    

    Online real time price quote

Free quote entitlement per month

HSBC Premier customers: 1,000 quotes3

Non HSBC Premier customers: 500 quotes

 

An additional 200 quotes will be awarded in the following month for every RMB50,000 A share securities turnover

 

Cost per additional quote

RMB0.1 per quote4

  
  • Investment order confirmation eAlerts

Free of charge

  

How much does it cost?

See the product fact sheet for full details of the China A Shares trading services charges [PDF]
Services
 Trade-related services
Buying and selling shares
Rate
  
Minimum Charge  
Services
  • Brokerage fee
Rate
  
Minimum Charge  
Services
 Trading through HSBC Personal Internet Banking (Online Banking Stock Trading Platform)/ HSBC Mobile Banking
Rate
 0.25% of transaction amount
Minimum Charge RMB100
Services
 Trading through Express Stock Order Placement Hotline (for HSBC Premier and HSBC One customers only)
Rate
 0.25% of transaction amount
Minimum Charge RMB100
Services
  • Handling Fee(collected for SSE/SZSE)
Rate

A-shares: 0.00341% of transaction amount

ETFs: 0.004% of transaction amount
Minimum Charge  
Services
  • Securities Management Fee(collected for CSRC)
Rate

A-shares: 0.002% of transaction amount

ETFs: Waived
Minimum Charge  
Services
  • Transfer Fee(collected for ChinaClear)
Rate
 A-shares: 0.001% of transaction amount
ETFs: Waived
Minimum Charge  
Services
  • Transfer Fee(collected for HKSCC)
Rate

A-shares: 0.002% of transaction amount

ETFs: 0.002% of transaction amount
Minimum Charge  
Services
  • Stamp Duty(collected for SAT)
Rate
 A-shares: 0.05% of transaction amount (for sell transaction only)
ETFs: Waived
Minimum Charge  
Services
  • Deposit Transaction Charge(for purchase transaction only)
Rate

RMB5 per board lot

(maximum charge: RMB200)
Minimum Charge RMB30
Services

Scrip handling and settlement - related services
Rate
  
Minimum Charge  
Services
  • Free of payment through CCASS1
Rate
  
Minimum Charge  
Services

Receipt
Rate
 Free of Charge
Minimum Charge  
Services
 Delivery
Rate
 RMB5 per board lot
Minimum Charge

RMB30per

stock per

transaction
Services
 Account Maintenance - Safe Custody Service
Rate
  
Minimum Charge  
Services
  • HSBC Premier, HSBC Premier Junior Pack, HSBC One and Personal Integrated Accounts2
Rate

RMB25 monthly for each customer account which has securities transaction record(s) or securities holdings in the one month period on or before the 1st of the following month.

(waived until 31 Dec 2024)
Minimum Charge  
Services

Nominee service and corporate actions
Rate
  
Minimum Charge  
Services
  • Collection of cash and scrip dividend
Rate

0.5% of dividend amount

(maximum charge: RMB2,500)
Minimum Charge RMB30
Services
  • Collection of bonus issue
Rate

RMB5 per board lot

(maximum charge: RMB200)
Minimum Charge RMB30
Services
  • Exercise rights
Rate

RMB5 per board lot on received stocks resulting from exercising the right

(maximum charge: RMB200)
Minimum Charge RMB30
Services
  • Shares consolidation/splitting
Rate

RMB5 per board lot on received stocks resulting from shares consolidation/splitting

(maximum charge: RMB200)
Minimum Charge RMB30
Services
  • Cash offers and other corporate actions with cash consideration
Rate

0.5% on each cash consideration

(maximum charge: RMB2,500)
Minimum Charge RMB30
Services

Online Information Service
Rate
  
Minimum Charge  
Services

    Online real time price quote
Rate

Free quote entitlement per month

HSBC Premier customers: 1,000 quotes3

Non HSBC Premier customers: 500 quotes

 

An additional 200 quotes will be awarded in the following month for every RMB50,000 A share securities turnover

 

Cost per additional quote

RMB0.1 per quote4
Minimum Charge  
Services
  • Investment order confirmation eAlerts
Rate

Free of charge
Minimum Charge  

1As shares traded on SSE/SZSE are issued in scripless form, physical deposit and withdrawal of SSE/SZSE Securities into/from the CCASS Depository are not available. You can only transfer to the same capacity account within HSBC in Hong Kong or to other banks/brokers in Hong Kong. For shares in the progress to transfer in, you can only sell after the transfer in process is completed.

2The fee is due and payable on or before the 20th of the following month on a day determined by the Bank from time to time. If that day falls on the 1st of the month and is not a business day, the fee may be collected on the business day which immediately precedes that day, subject to the decision of the Bank. The fee is payable upon closure of accounts where the account is closed before the above payment dates.

3HSBC Premier customers can enjoy 1,000 free quotes for any particular month if they maintain their HSBC Premier account until the last day of that month.

4The fee is due and payable on or before the fifth working day of the following month and is payable upon closure of accounts where the account is closed before the payment date. All unused quotes will be carried forward up to a maximum of 99,999 quotes with no expiry date.

 

Note:

  • The Bank does not provide investment advice. The purchases and sales of securities involve an element of risk and securities prices are subject to upward and downward adjustments and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. Full details of the terms and conditions of the above services are available on request.
  • There may be other fees, charges, levies, tax and interest that apply to certain securities or particular security trading services provided by the Bank that are introduced and/or charged by the relevant service providers, government or regulatory bodies. You are fully responsible for such fees, charges, levies, tax and interest. Please make enquiry with the Bank for details.
  • Charges are subject to revision without notice.

Investment in China A Shares through Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect involves risks. You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and relevant circumstances. The price of securities may move up or down. Losses may be incurred and profits may be made as a result of buying and selling securities.

This page does not set out all the key risks to Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. For further information, you should refer to the risk disclosures and other terms set out in the China Connect Terms and Conditions.

1. Pre-Trade Checking

You must ensure that there are sufficient available shares in your account to cover any proposed sell order under Shanghai- Hong Kong and Shenzhen-Hong Kong Stock Connect. Otherwise, your sell order may be rejected.

 

2. Settlement

Northbound trades will follow the A share settlement cycle of the relevant Mainland market, where settlement of shares will occur on T day free of payment, and settlement of funds will be effected on T+1 day.

Although the transfer of shares precedes the transfer of cash under Shanghai- Hong Kong and Shenzhen-Hong Kong Stock Connect, title to the shares will not be released until receipt of confirmation of payment (normally on T+1 day). Where the purchase is pre-funded (by way of a debit of cash in your account and a corresponding cash prepayment by the Bank to HKSCC), shares may be released on T day.

 

3. Quota Restrictions

As at May 2018, the Daily Quota (which limits the net value of Northbound buy trades on each trading day) is set at RMB 52 billion for each China A Share market. The Aggregate Quota and/or the Daily Quota may be revised by the PRC authorities from time to time without prior notice.

As a result of the quota restrictions, there is no assurance that a buy order can be successfully placed through Shanghai- Hong Kong and Shenzhen-Hong Kong Stock Connect.

 

4. Restriction on Day Trading

If you buy shares on T day, you may be able to sell only on or after settlement of the buy trade has been completed (normally on T+1 day).

 

5. Disclosure of Interests

If you hold or control 5% or more* of the issued shares of a PRC listed company, you must disclose such interest.

If there is any change in your shareholding of 5% or more*, or if a change results in your shareholding falling bel ow 5%, you also have disclosure obligations.

 

6. Short Swing Profit Rule

If you own 5% or more* of the issued shares of a PRC listed company, you must return to the company any profit made from a sale of shares within six months of the purchase thereof (or vice versa).

*Calculated on an aggregate basis, i.e., across both domestically and overseas issued shares of the PRC listed company, whether the relevant holdings are through Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, QFII/RQFII regime or other investment channels

 

7. Foreign Ownership Limits

A single foreign investor's shareholding in a PRC listed company must not exceed 10%. The aggregate of all foreign investors' shareholding in a PRC listed company must not exceed 30%.

The foreign ownership limits may have an adverse effect on the liquidity and performance of an investment in China A Shares. As a result, you may suffer losses through your trading or investment in China A Shares.

 

8. Taxation

You will be fully responsible for all applicable Hong Kong and/or PRC taxes in respect of China A Shares traded or held by you.

The Hongkong and Shanghai Banking Corporation Limited assumes no responsibility for advising on or handling any tax issues, liabilities and/or obligations in connection with Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. You are strongly advised to consult your own tax advisers with respect to your possible tax consequences of any investment through Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect.

 

9. Ownership of China A Shares

HKSCC is the nominee holder of China A Shares traded through Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, and Hong Kong and overseas investors as the ultimate investors is recognised under PRC laws and regulations as having beneficial ownership in China A Shares traded through Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. Any beneficial owner who decides to take legal action is responsible for seeking its own independent legal advice to satisfy itself and HKSCC that a cause of action exists and the beneficial owner should be prepared to conduct the action and take up all costs in relation to the action, including providing HKSCC with indemnities and legal representation in proceedings.

 

10. Company Announcements on Corporate Actions

You should note that SSE-listed and SZSE-listed issuers publish corporate documents only in Chinese and English translations will not be available. You will not be able to attend shareholders' meetings by proxy or in person.

 

11. Disclosure of Information

The Stock Exchange of Hong Kong may require The Hongkong and Shanghai Banking Corporation Limited to provide information on your profile and the type and value of your orders and trades placed through Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect.

 

12. No Off-Exchange Trading and Transfers

You shall not trade or transfer any shares through any venue other than through Shanghai-Hong Kong and Shenzhen- Hong Kong Stock Connect.

 

13. Risk of Default by China Securities Depository and Clearing Corporation (CSDCC)

If CSDCC defaults, HKSCC may (but shall have no obligation to) take any legal action or court proceeding to seek recovery of the outstanding China A Shares and monies from CSDCC through available legal channels and through CSDCC's liquidation process, if applicable. HKSCC will in turn distribute the China A Shares and/or monies recovered to clearing participants on a pro-rata basis. The Hongkong and Shanghai Banking Corporation Limited in turn will only be distributing the China A Shares and/or monies to the extent recovered directly or indirectly from HKSCC.

As CSDCC does not contribute to the HKSCC Guarantee Fund, the HKSCC Guarantee Fund will not be used to cover any residual loss as a result of closing out any of CSDCC's positions in the event of default by CSDCC.

In the event of default by CSDCC, there is no guarantee that The Hongkong and Shanghai Banking Corporation Limited will be able to fully recover any affected China A Shares and/or monies fromCSDCC through HKSCC.

 

14. Risk of Default by Hong Kong Securities Clearing Company Limited (HKSCC)

Any action or inaction of the HKSCC or a failure or delay by the HKSCC in the performance of its obligations may result in a failure of settlement, or the loss, of China A Shares and/or monies. As a result, you may suffer losses.

 

15. Client Error

Quota restrictions (see Paragraph 3 above) and the restriction on off-exchange transfers (see Paragraph 12 above) may affect The Hongkong and Shanghai Banking Corporation Limited's ability to rectify an error trade or otherwise mitigate the consequences of an error trade.

 

16. PRC-related Risks

Investing in the PRC, an emerging market, involves special considerations and risks, including but not limited to greater pri ce volatility, less developed regulatory and legal framework, and economic, social and political instability.

 

17. Renminbi (RMB) Currency Risk

There may be exchange rate risks if you choose to convert RMB payments made on the securities to your home currency.

 

18. ChiNext Shares

ChiNext Shares involve a high investment risk. In particular, profitability and other financial requirements for listing on the ChiNext Board are less stringent than the Main Board and the SME Board of the SZSE. ChiNext Shares may also be very volatile and illiquid. You should make the decision to invest only after due and careful consideration and seek independent professional advice if you are uncertain of or have not understood the nature and risks involved in trading of ChiNext Shares.

 

Disclosure Obligations & Foreign Shareholding Restrictions

According to PRC rules, all foreign investors’ shareholding in the A shares of a PRC listed company is not allowed to exceed 30% of its total issued shares. When the aggregate foreign shareholding exceeds the 30% threshold, the foreign investors concerned will be requested to sell the shares on a last-in-first-out basis within 5 trading days which may lead to gain or loss to investors.

The maximum shareholding of a single foreign investor in the A shares of a PRC listed company is 10%. If you hold or control up to 5% of a PRC listed company, you have the responsibility to disclose the holding and are not allowed to trade in the shares of that company within three working days.

Risks 

Important documents 

Additional information 

Disclaimer 

All information contained in the Fact Sheet is based on materials published by the HKEx as of November 2016. Unless provided otherwise in this Disclaimer, the information and materials contained in the Fact Sheet are provided to you on an “as is” and “as available” basis and may be amended or changed pursuant to the implementation of Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect and the promulgation or preparation of the relevant rules, regulations, agreements and other documentation. The Fact Sheet does not necessarily deal with every important topic relating to Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect or cover every aspect of the topics with which it deals. The information contained in the Fact Sheet is only for reference and is subject to change without notice. The Hongkong and Shanghai Banking Corporation Limited assumes no responsibility to update the Fact Sheet as and when there are changes and developments to Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. The Fact Sheet does not constitute any offer or invitation or a recommendation to enter into any transaction. It is not designed to provide legal or other advice and should not be relied on as such. You should always seek separate specific legal, tax or other advice about your specific circumstances before taking any action based on the Fact Sheet. The Hongkong and Shanghai Banking Corporation Limited and its affiliated companies shall not be responsible or liable for any direct, consequential, incidental, indirect or special loss or damage, howsoever caused, of any kind, arising from the use of or reliance upon any information or materials provided in the Fact Sheet, or for any errors, omissions or inaccurate information contained in the Fact Sheet. For details, please refer to the China Connect: Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Terms and Conditions.   

 

The Bank does not provide investment advice. Investment involves risk. The price of stocks may move up or down. Losses may be incurred as well as profits made as a result of buying and selling stocks. Full details of the terms and conditions of the above services are available on request.

 

The information shown is based on data obtained from sources believed to be reliable but the Bank and the concerned Information Provider(s) make no representation and accept no responsibility as to its accuracy or completeness and shall not be held liable for damages arising out of any person's reliance upon this information. This information is neither a recommendation, an offer to sell, nor solicitation of an offer to purchase any investment. The prices quoted and the other information shown are for reference only and are subject to change without notice.