Flexible and convenient monthly investment

Build your investment portfolio through the HSBC monthly investment plan, and benefit from regular contributions, enjoy the opportunity of lower average cost over time as well as the potential growth of your shares.

Stocks Monthly Investment Plan (SMIP) Promotional Offer

Until further notice, existing SMIP or set up a new SMIP through any channel can enjoy Brokerage Fee Waiver Offer.Learn more about the related Terms and conditions. [PDF]

Next Steps

Set up a Stocks Monthly Investment Plan through HSBC Personal Internet Banking

HSBC Personal Internet Banking Users

Important notice: From mid-July 2018, we will be sending notification to you on execution of trades you conduct online or via our mobile apps. Please ensure that you have provided us with a valid mobile phone number to receive such notification via SMS, or you will not be able to trade online or via our mobile apps after mid-July. You can update your mobile phone number via Personal Internet Banking or any HSBC branches in HK. View
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Why Stocks Monthly Investment Plan (SMIP)?

Affordable

Buy top Hong Kong listed stocks and funds for as little as HKD1,000 per month

Find out more

Even out Market Volatility

With Dollar Cost Averaging, you can buy shares close to their average price over the period and worry less about market timing.

Find out more

Flexible

Increase, decrease or redirect monthly investment and sell your shares at anytime

How to use/get started with HSBC?

How does SMIP work?

  • Monthly Investment amount is debited from your account on 8th of each month
  • HSBC begins purchasing shares on behalf of all Stocks Monthly Investment Plan customers at the market price. Normally from 1 hour after the opening of the trading hours of The Stock Exchange of Hong Kong on the 3rd trading day after the debit date
  • The average price for all purchases will be used as the settlement price to calculate the fees and charges
  • Any surplus funds over the average price of all purchases will be credited to your account two trading days after the transaction date
  • The purchased stocks will be deposited into your investment services or securities account on the 2nd trading day after the transaction date

How much does it cost?

Tariff Table
Items
Fees
Brokerage fee

Waived1

One off top-up handling fee
Waived
Plan amendment/suspension/termination handling fee
Waived

1Until further notice, existing SMIP or set up a new SMIP through any channel can enjoy Perpetual Brokerage Fee Waiver Offer, inclusive of standard brokerage fee of 0.25% and all transaction related charges: stamp duty, stock exchange levy, trading fee, deposit transaction charge and Central Clearing and Settlement System fee.

Other securities services charges may be levied on investment services account / securities account.

Additional information

Eligible stock list for SMIP

Choose from the following Hong Kong listed stocks, as well as the Tracker Fund of Hong Kong and ABF Hong Kong Bond Index Fund.

You can use your savings or current accounts for the monthly contributions.

Eligible stock list 1
Stock code Stock name
1 CK Hutchison Holdings Limited
2 CLP Holdings Ltd.
3 Hong Kong and China Gas Co. Ltd.
4 Wharf (Holdings) Ltd.
5 HSBC Holdings plc
6 Power Assets Holdings Ltd.
8 PCCW Ltd.
10 Hang Lung Group Ltd.
11 Hang Seng Bank Ltd.
12 Henderson Land Development Co. Ltd.
14 Hysan Development Co. Ltd.
16 Sun Hung Kai Properties Ltd.
17 New World Development Co. Ltd.
19 Swire Pacific Ltd. 'A'
20 Wheelock and Co. Ltd.
23 Bank of East Asia, Ltd.
27 Galaxy Entertainment Group Limited
66 MTR Corporations Ltd.
83 Sino Land Co. Ltd.
97 Henderson Investment Ltd.
101 Hang Lung Properties Ltd.
135 Kunlun Energy Co. Ltd.
144 China Merchants Port Holdings Company Limited
168 Tsingtao Brewery Co. Ltd. - H Shares
177 Jiangsu Expressway Co. Ltd. - H Shares
179 Johnson Electric Holdings Ltd.
267 CITIC Ltd.
291 China Resources Beer (Holdings) Co. Ltd.
293 Cathay Pacific Airways Ltd.
323 Maanshan Iron & Steel Co. Ltd. - H Shares
330 Esprit Holdings Ltd.
338 Sinopec Shanghai Petrochemical Co. Ltd. - H Shares
347 Angang Steel Co. Ltd. - H Shares
358 Jiangxi Copper Co. Ltd. - H Shares
363 Shanghai Industrial Holdings Ltd.
386 China Petroleum & Chemical Corporation 'H' shares
388 Hong Kong Exchanges and Clearing
390 China Railway Group Limited - H Shares
489 Dongfeng Motor Group Co. Ltd. - H Shares
494 Li & Fung Ltd.
511 Television Broadcasts Ltd.
525 Guangshen Railway Co. Ltd. - H Shares
576 Zhejiang Expressway Co. Ltd. - H Shares
598 Sinotrans Ltd. - H Shares
606 China Agri-Industries Holdings Ltd
688 China Overseas Land & Investment Ltd
694 Beijing Capital International Airport Co. Ltd. - H Shares
700 Tencent Holdings Ltd
728 China Telecom Corp. Ltd 'H' shares
753 Air China Ltd. - H Shares
762 China Unicom (Hong Kong) Ltd
763 ZTE Corporation - H Shares
823 Link Real Estate Investment Trust
836 China Resources Power Holdings Co. Ltd
857 Petrochina Co. Ltd - H shares
883 CNOOC Ltd.
902 Huaneng Power International, Inc. - H Shares
914 Anhui Conch Cement Co. Ltd. - H Shares
916 China Longyuan Power Group Corporation Ltd
939 China Construction Bank Corporation (Hong Kong) Ltd.
941 China Mobile Ltd
945 Manulife Financial Corporation
991 Datang International Power Generation Co., Ltd. - H Shares
992 Lenovo Group Ltd.
Eligible stock list 2
Stock code Stock name
998 China CITIC Bank Corporation Ltd
1038 Cheung Kong Infrastructure Holdings Ltd.
1068 China Yurun Food Group Ltd
1071 Huadian Power International Corporation Ltd. - H Shares
1088 China Shenhua Energy Co. Ltd. - H Shares
1099 Sinopharm Group Co. Ltd
1109 China Resources Land Ltd
1113 Cheung Kong Property Holdings Limited
1138 China Shipping Development Co. Ltd. - H Shares
1171 Yanzhou Coal Mining Co. Ltd. - H Shares
1199 COSCO SHIPPING Ports Limited
1211 BYD Co. Ltd
1288 Agricultural Bank of China Limited - H Shares
1299 AIA Group Limited
1336 New China Life Insurance Company Ltd. - H Shares
1339 The People's Insurance Company (Group) of China Limited - H Shares
1359 China Cinda Asset Management Co., Ltd. - H Shares
1398 Industrial and Commercial Bank of China Ltd - H Shares
1766 CRRC Corporation Limited - H Shares
1800 China Communications Construction Company Limited - H Shares
1816 CGN Power Co., Ltd. - H Shares
1898 China Coal Energy Co. Ltd
1919 China COSCO Holdings Co. Ltd. - H Shares
1928 Sands China Ltd.
1988 China Minsheng Banking Corp., Ltd
2020 ANTA Sports Products Ltd
2038 FIH Mobile Limited
2238 Guangzhou Automobile Group Co
2318 Ping An Insurance (Group) Co of China Ltd
2319 China Mengniu Dairy Co. Ltd
2328 PICC Property and Casualty Co. Ltd. - H Shares
2331 Li Ning Co. Ltd
2333 Great Wall Motor Company Limited - H Shares
2388 BOC Hong Kong (Holdings) Ltd.
2600 Aluminum Corporation of China Ltd. - H Shares
2601 China Pacific Insurance (Group) Co., Ltd
2628 China Life Insurance Co Ltd 'H' shares
2689 Nine Dragons Paper (Holdings) Ltd.
2698 Weiqiao Textile Co. Ltd. – H Shares
2727 Shanghai Electric Group Co. Ltd. - H Shares
2777 Guangzhou R&F Properties Co., Ltd. - H Shares
2800 Tracker Fund of Hong Kong
2801 iShares MSCI China Index ETF
2819 ABF Hong Kong Bond Index Fund
2822 CSOP FTSE China A50 ETF
2823 iShares FTSE/Xinhua A50 China Tracker
2827 W.I.S.E - CSI 300 China Tracker
2828 Hang Seng H-Share Index ETF
2836 iShares BSE SENSEX India Index ETF
2866 COSCO SHIPPING Development Co., Ltd.- H Shares
2883 China Oilfield Services Ltd. - H Shares
2888 Standard Chartered PLC
2899 Zijin Mining Group Co., Ltd. - H Shares
3049 db x-trackers CSI300 Index ETF
3147 CSOP SZSE CHINEXT ETF
3188 ChinaAMC CSI 300 Index ETF
3328 Bank of Communications Co Ltd - H shares
3968 China Merchants Bank Co., Ltd. - H Shares
3988 Bank of China
6030 CITIC Securities Company Limited - H Shares
6837 Haitong Securities Co., Ltd. - H Shares
6881 China Galaxy Securities Co., Ltd. - H Shares

Dollar cost averaging

When the stock price goes down, you will buy more shares. Alternatively, when the price goes up, fewer shares will be bought. Over time, the average price you pay for the stock is likely to be lower than the market price because you will have bought more shares at lower prices.

Moreover, each month you will enjoy the benefit of paying the average price of those stocks purchased collectively for SMIP investors.

This investment method is called dollar cost averaging and enables you to buy shares close to their average price over the period. It helps smooth out the peaks and troughs, offsetting market volatility. Providing there is overall growth in the stocks you choose, you can manage the purchase price in an easy and lower risk way. So you need worry less about timing. The risk arising from short-term market fluctuations will be reduced as a result.

How the stocks monthly investment plan works

Month

Investment (HKD)

Amount availablefor share purchase2 (HKD)

Share price (HKD)

Number of shares purchased

Amount invested (HKD)

Amount refunded (HKD)

Jan

4,000

3,950

1.00

3,950

3,950.00

0.00

Feb

4,000

3,950

0.87

4,540

3,949.80

0.20

Mar

4,000

3,950

0.76

5,197

3,949.72

0.28

April

4,000

3,950

0.80

4,937

3,949.60

0.40

May

4,000

3,950

0.98

4,030

3,949.40

0.60

June

4,000

3,950

1.09

3,623

3,949.07

0.93

N/A 
N/A 

Average market price3

0.917

N/A 
N/A 
N/A 

How the stocks monthly investment plan works

Month

Jan

Investment (HKD)

4,000

Amount availablefor share purchase2 (HKD)

3,950

Share price (HKD)

1.00

Number of shares purchased

3,950

Amount invested (HKD)

3,950.00

Amount refunded (HKD)

0.00

Month

Feb

Investment (HKD)

4,000

Amount availablefor share purchase2 (HKD)

3,950

Share price (HKD)

0.87

Number of shares purchased

4,540

Amount invested (HKD)

3,949.80

Amount refunded (HKD)

0.20

Month

Mar

Investment (HKD)

4,000

Amount availablefor share purchase2 (HKD)

3,950

Share price (HKD)

0.76

Number of shares purchased

5,197

Amount invested (HKD)

3,949.72

Amount refunded (HKD)

0.28

Month

April

Investment (HKD)

4,000

Amount availablefor share purchase2 (HKD)

3,950

Share price (HKD)

0.80

Number of shares purchased

4,937

Amount invested (HKD)

3,949.60

Amount refunded (HKD)

0.40

Month

May

Investment (HKD)

4,000

Amount availablefor share purchase2 (HKD)

3,950

Share price (HKD)

0.98

Number of shares purchased

4,030

Amount invested (HKD)

3,949.40

Amount refunded (HKD)

0.60

Month

June

Investment (HKD)

4,000

Amount availablefor share purchase2 (HKD)

3,950

Share price (HKD)

1.09

Number of shares purchased

3,623

Amount invested (HKD)

3,949.07

Amount refunded (HKD)

0.93

Month

N/A 

Investment (HKD)

N/A 

Amount availablefor share purchase2 (HKD)

Average market price3

Share price (HKD)

0.917

Number of shares purchased

N/A 

Amount invested (HKD)

N/A 

Amount refunded (HKD)

N/A 

In the above example, you invest a total of HKD24,000 to purchase 26,277 shares over six months at an average share cost4 of HKD0.913. Dollar Cost Averaging therefore enables you to buy shares lower than the average market price of HKD0.917 over the period. 

2Amount available for share purchase = Monthly investment amount - Brokerage Fee (0.25% of monthly investment amount or HKD50, whichever is higher)

3Average market price = sum of share prices ÷ number of months

4Average share cost = total investments ÷ total number of shares purchased

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 profit made as a result of buying and selling stocks. 

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 as well as profits made as a result of buying and selling securities.

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.