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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.

Next Steps

HSBC Personal Internet Banking Users

Log on to buy / sell stocks

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 www.hsbc.com.hk/inv-sms/ for details.

Why choose HSBC to buy China A Shares?

Flexible

24-hour stock order placement via Stock Express, HSBC Mobile Banking and manned phone


Find out more

Easy to use

Stock order placement with just 3 clicks at Stock Express Net


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:

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 / Advance / 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 Stock Express

  • 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 Stock Express 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 Advance 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(852) 2996 6822

HSBC Advance hotline: (852) 2996 6833(852) 2996 6833

For general enquiries, customers can also call us Monday - Saturday, 9.00am - 5.30pm

HSBC Premier hotline: (852) 2233 3322 (852) 2233 3322 HSBC Advance hotline: (852) 2748 8333(852) 2748 8333

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

How much does it cost?

China A Shares Trading Charges1

China A Shares Trading Charges Table
Services Rate Minimum Charge
Trade-related services
Buying and selling shares
N/A N/A
  • Brokerage fee
N/A N/A
Trading through HSBC Personal Internet Banking (Stock Express)/ HSBC Mobile Banking 0.25% of transaction amount RMB100
Trading through Express Stock Order Placement Hotline (for HSBC Premier and HSBC 0.25% of transaction amount RMB100
  • Handling Fee(collected for SSE/SZSE)
0.00487% of transaction amount -Not Applicable
  • Securities Management Fee(collected for CSRC)
0.002% of transaction amount -Not Applicable
  • Transfer Fee(collected for ChinaClear)
0.002% of transaction amount -Not Applicable
  • Transfer Fee(collected for HKSCC)
0.002% of transaction amount -Not Applicable
  • Stamp Duty(collected for SAT)
0.1% of transaction amount (for sell transaction only) -Not Applicable
  • Deposit Transaction Charge(for purchase transaction only)
RMB5 per board lot
(maximum charge: RMB200)
RMB30
Scrip handling and settlement-related services N/A N/A
  • Free of payment through CCASS2
N/A N/A
Receipt Free of Charge -Not Applicable
Delivery RMB5 per board lot RMB30per stock per transaction
Account Maintenance
Safe Custody Service
N/A N/A
  • HSBC Premier, HSBC Premier Junior Pack, HSBC Advance and Personal Integrated Accounts3
RMB25 monthly for each customer account which has securities transaction record(s) or securities holdings in the 1 month period on or before the 1st of the following month.
(waived until 31 Dec 2018)
-Not Applicable
Nominee service and corporate actions N/A N/A
  • 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 N/A N/A
  • Online real time price quote
Free quote entitlement per month
HSBC Premier customers: 1,000 quotes4
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 quote5
N/A
  • Investment order confirmation eAlerts
Free of charge N/A

1 The Securities service charges are applicable to HSBC Premier, HSBC Advance customers and general securities account customers with account number ended with'380'.

2 As 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.

3 The 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.

4 HSBC 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.

5 The 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.

  • Important documents
  • Additional information

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 3 working days.

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 via HSBC Internet Banking (for existing HSBC's customers only) or by visiting any HSBC branch.

Note:
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 / Advance / 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. Internet banking service, Phonebanking and Branch).

(i) Internet Banking

Via HSBC Stock Express, you can trade eligible China A Shares anywhere, anytime.

  • 24-hour round-the-clock online service.
  • Comprehensive 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.
  • User friendly stock screening tool to help generate investment ideas.
  • One single trading platform for 3 of the key global markets : China A Shares, HK stocks and US stocks.
  • You can easily trade eligible China A Shares with only a few clicks to place order.

(ii) Mobile Banking

With HSBC Mobile Banking, you can conveniently use your mobile or tablet to place eligible China A Shares orders round-the-clock with a simple and user-friendly mobile interface. Market information and real time stock quotes are also available to help you maximize investment opportunities.

(iii) Phonebanking

HSBC Premier and Advance 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
HSBC Premier (852) 2996 6822(852) 2996 6822
HSBC Advance (852) 2996 6833(852) 2996 6833

For general enquiries, customers can also call us Monday - Saturday, 9.00am - 5.30pm:

HSBC Premier2
HSBC Premier (852) 2233 3322(852) 2233 3322
HSBC Advance (852) 2748 8333(852) 2748 8333
Personal Integrated Account or other personal banking customers (852) 2233 3000(852) 2233 3000

Investors will not be able to buy SSE and SZSE securities under certain circumstances, which includes, but not limited to:

a) the SSE and SZSE securities cease to be a constituent stock of the relevant indices;

b) the SSE and SZSE securities are under "risk alert";

c) the corresponding H share of the SSE and SZSE securities cease to be traded on SEHK;

d) the Daily Quota Balance drops to zero or is exceeded;

e) where foreign investors hold more than a specified level of the SSE and SZSE securities;

f) whenever the HKEx determines that it is appropriate and in the interest of a fair and orderly market to protect investors;

g) hoisting of a Typhoon Signal No. 8 or above or the issuance of the Black Rainstorm Warning in Hong Kong;

h) investors fail to provide information as requested by relevant regulator.

i) shares not traded in RMB


Investors are advised to refer to the HKEx website and the SFC website relating to Shanghai and Shenzhen Stock Connect as updated from time to time and other relevant sources for detailed information.

When we, HSBC (or its relevant broker) submits your order to an exchange, we do so in an orderly manner and in comply with any applicable local regulation/exchange trading rules/market requirements. Under certain circumstances, for example, if your order requested price is away from where the security is trading or if the order is particularly large to the market, we may need to reject the order without prior notice to you to ensure the market integrity and protect your interest. For China A stock, if your order is rejected, the order status will change to ‘unexecuted’ within the ‘Order Status’ enquiry. Please be reminded to check the latest order status. For China B stock, you may call our Premier Customers Hotline on (852) 2233 3322 to check the latest order status.

In situations where we need to contact you to confirm the order details, we will not place your order to the exchange for execution until clarification is obtained.

According to HKEx, it is not currently contemplated that ShanghaiHong Kong and Shenzhen-Hong Kong Stock Connect will support initial public offering (IPO).

Trading in Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Securities does not enjoy the protection afforded by the Investor Compensation Fund established under the Securities and Futures Ordinance. Accordingly, unlike the trading of SEHK-listed securities, the Customer will not be covered by the Investor Compensation Fund in respect of any loss he may sustain by reason of a default by SFC licensed or registered persons.

For latest details and further info, please visit the dedicated Stock Connect homepage of HKEx.

All approved corporate actions on SSE and SZSE Securities will be announced by the issuers through the SSE and SZSE websites respectively and four officially appointed newspapers (both the printed paper and their websites): the Shanghai Securities News, Securities Times, China Securities Journal and Securities Daily. Hong Kong and overseas investors can visit the SSE, SZSE and newspaper websites for the latest listed company announcements.

You can also visit HKEx website’s China Stock Markets Web for the company announcements of SSE and SZSE Securities issued on the previous trading day.

Hong Kong and overseas investors trading SSE and SZSE Securities through Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect should note that SSE and SZSE listed issuers will continue to publish corporate documents in Chinese only as their current practice, and English translation will not be available.

Disclaimer Select to Expand Select to Collapse

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.