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Hong Kong Stock Fixed vs. Tiered Pricing Comparison Examples

Tiered Cost Fixed Cost
SEHK
1,000 shares * HKD 50.00 per share IB Execution Fee Tier I
HKD 25.00		 HKD 40
Exchange Fee HKD 2.825
Clearing Fee (Assume Exchange Trade) HKD 2.10
SFC Transaction Levy HKD 1.35 HKD 1.35
FRC Transaction Levy HKD 0.075 HKD 0.075
HK Stamp Duty HKD 50 HKD 50
Total HKD 81.35 HKD 91.425
SEHKNTL
1,000 shares * CNH 50 per share IB Execution Fee Tier I
CNH 25.00		 CNH 40
Exchange Handling Fee CNH 1.705
Exchange Security Management Fee CNH 1.00
Transfer Fee CNH 0.50
Total CNH 27.205 CNH 40

Notes:

  • Value tiers are applied based on monthly cumulative trade volume summed across all stock, warrants and ETF shares. This is calculated once daily, not at the time of the trade. As such, execution reductions will start the next trading day after the threshold has been exceeded. Only shares that are traded while under the Tiered pricing structure will count towards the monthly volume. Share volumes for advisor, institution, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month.

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