Securities Trading Services
With one-stop securities trading service, multiple trading channels and comprehensive market information, you can capture investment opportunities with ease.
Convenient securities trading services
Simple account opening procedure. New customers can simply make an online appointment or visit any branch of BOCHK for securities account opening. Existing customers can login to Internet Banking and open a securities account for greater convenience. Please click Demo for details.
- Trade Hong Kong stocks , China A shares and US stocks through one securities account
- Multiple trading channels
| Service Channel | Securities Trading | Securities Margin Trading* | Setup/Amend Monthly Stocks Savings Plan | IPO Shares Subscription |
IPO Financing* |
|---|---|---|---|---|---|
| Internet Banking | √ | √ | √ | √ | √ |
| Mobile Banking | √ | √ | √ | √ | |
| Automated Stock Trading Hotline | √ | √ | |||
| Manned investment trading hotline | √ | √ | √ | √ | |
| Branches with securities trading services | √^ | √ | √ | √ |
^Securities Trading services are only applicable to designated branches
Preferential Fees
- Under the Securities Club, the higher the accumulated securities transaction amount or the Investment Assets Value held with BOCHK, the lower the service fees.
- Stock Custodian fees will be charged only once even if you hold Hong Kong stocks, China A shares and US stocks in the same securities account.
- There is no additional service fee for trading China A shares.
Comprehensive Securities Trading Services
- Comprehensive Hong Kong stocks and China A shares trading and margin services*.
- Various order types, including Enhanced Limit Order, Market Order, At-auction Order and At-auction Limit Order, for your selection.
- Enjoy the flexibility in purchasing securities with the amount of unsettled Sell Orders of securities.
- Trade Hong Kong stocks and China A shares via Family Securities Accounts to set your family's financial goal.
- Provide IPO subscription and IPO financing* service for Hong Kong stocks. Financing amount can be up to 90% of the subscription amount.
- Earn credit card gift points by making Monthly Stocks Savings Plan contribution via BOCHK Credit Card. Also, odd lot stocks can be sold at market price.
- Enjoy comprehensive nominee services including stock custody, collection of dividends and bonus shares, and corporate actions handling (such as right issues).
Securities Order Types
We offer various order types at each trading channel for your selection.
| Service Channel | Enhanced Limit Order# | Market Order | At-auction Limit Order# | At-auction Order (Applicable to Sell Order Only) |
|---|---|---|---|---|
| Internet Banking | √ | √ | √ | √ |
| Mobile Banking | √ | √ | √ | √ |
| Automated Stock Trading Hotline | √ | √ | √ | √ |
| Manned investment trading hotline | √ | √ | √ | √ |
| Designated branches with securities trading services | √ | √ | √ | √ |
#A Good Till Date order instruction can be placed for At-auction Limit Order and Enhanced Limit Order. For details, please contact our staff at branches.
Good Till Date order (GTD)
Good Till Date order refers to a securities trading instruction which you can place up to 5 trading days in advance. When the Good Till Date order is valid, it will be automatically executed for you to buy or sell the specified securities. A Good Till Date order instruction can be placed for At-auction Limit Order and Enhanced Limit Order. If the order expiry date is not specified, by default the Good Till Date order will only be valid for the day that it is placed. If the order expiry date is specified, the order will be carried forward until the end of the expiry date. If the order is not triggered, cancelled or rejected on a trading day before the expiry date, it will be automatically carried forward to next trading day until the end of the expiry date.If the order has been partially executed on or before the expiry date, the unexecuted portion of the order will be canceled on the same day. In other words, the order will not be carried forward to the end of the expiry date. To learn more about the features, procedure and important notice of Good-Till-Date service. Please click here.
Enhanced Limit Order (ELO)
ELO will allow matching of up to 10 price queues (i.e. the best price queue and up to the 10th queue at 9 spreads away) at a time provided that the matched price is equal to or better than the limit price. The sell order price of an ELO can be matched up to 9 spreads lower than the current bid price but not a price of 10 spreads (or more) below the current bid price. The buy order price can be matched up to 9 spreads higher than the current ask price but not a price of 10 spreads (or more) above the current ask price. Any unfilled quantity of the ELO after matching will be converted to a typical Limit Order at the limit price specified previously for further matching.
Example 1 (for illustration only):
Customer has placed an Enhanced Limit Order to buy 20,000 shares of a stock at HK$8.00 each.
The Bank will calculate the required transaction amount and trading related charges based on the customer’s order price (i.e. HK$8.00) and the sum will be withheld from the customer’s available investment amount. The Bank will submit the order to the market for matching once up to the 10 best price queues at prices equal to or lower than the customer’s buy order price (i.e. HK$8.00).
Scenario A
The price queues in the market:
| Ask Price (HK$) | Quantity | Filled quantity (Buy) |
|---|---|---|
| 7.91 | 1,000 | 1,000 shares@HK$7.91 |
| 7.92 | 2,000 | 2,000 shares@HK$7.92 |
| 7.93 | 2,000 | 2,000 shares@HK$7.93 |
| 7.94 | 3,000 | 3,000 shares@HK$7.94 |
| 7.95 | 2,000 | 2,000 shares@HK$7.95 |
| 7.96 | 3,000 | 3,000 shares@HK$7.96 |
| 7.97 | 2,000 | 2,000 shares@HK$7.97 |
| 7.98 | 1,000 | 1,000 shares@HK$7.98 |
| 7.99 | 1,000 | 1,000 shares@HK$7.99 |
| 8.00 | 4,000 | 3,000 shares@HK$8.00 |
| 8.01 | 5,000 | Total: 20,000 shares |
Transaction Result: The Enhanced Limit Order is fully executed by buying all 20,000 shares after matching with the 10 best price queues in the prevailing market.
Scenario B
The price queues in the market:
| Ask Price (HK$) | Quantity | Filled quantity (Buy) |
|---|---|---|
| 7.90 | 1,000 | 0 share |
| 7.91 | 1,000 | |
| 7.92 | 2,000 | Unfilled quantity (Buy) |
| 7.93 | 2,000 | 20,000 shares |
| 7.94 | 3,000 | |
| 8.95 | 2,000 | |
| 7.96 | 3,000 | |
| 7.97 | 2,000 | |
| 7.98 | 1,000 | |
| 7.99 | 1,000 | |
| 7.80 | 4,000 |
Transaction Result: Since the customer’s order price (i.e. HK$8.00) is higher than the current ask price (i.e. HK$7.90) for more than 9 spreads, the Enhanced Limit Order will be rejected by the market and no quantity will be filled. Customer may place a new order if necessary.
Example 2 (for illustration only):
Customer has placed an Enhanced Limit Order to sell 20,000 shares of a stock at HK$8.00 each.
The Bank will submit the order to the market for matching once up to the 10 best price queues at prices equal to or higher than the customer’s sell order price (i.e. HK$8.00).
The price queues in the market:
| Bid Price (HK$) | Quantity | Filled quantity (Sell) |
|---|---|---|
| 8.02 | 1,000 | 1,000 shares@HK$8.02 |
| 8.01 | 1,000 | 1,000 shares@HK$8.01 |
| 8.00 | 5,000 | 5,000 shares@HK$8.00 |
| 7.99 | 1,000 | Total: 7,000 shares |
| 7.98 | 4,000 | |
| 7.97 | 3,000 | Unfilled quantity (Sell) |
| 7.96 | 4,000 | 13,000 shares |
| 7.95 | 5,000 | |
| 7.94 | 2,000 | |
| 7.93 | 2,000 | |
| 7.92 | 1,000 |
Transaction Result: The Enhanced Limit Order is only partially executed by buying a total of 7,000 shares after matching with the 3 price queues at the prices equal to or higher than the customer’s order price (i.e. HK$8.00). The unfilled quantity of the order (i.e. 13,000 shares) will be converted to a typical Limit Order at the limit price of HK$8.00 specified previously for further matching.
Market Order (MO)
Market Order is an order which customers do not specify the price. A Market Order that is entered into the trading system during the Continuous Trading Session will be executed at the current bid / ask price at the time when the order is processed. Upon customers’ confirmation of any Market Order placement, the Bank will submit the buy / sell order to the market by matching it once up to 10 best price queues in the prevailing market and up to a maximum of 10 spreads above / below the nominal price at the time when the order is processed, provided that the order price is not lower than 0.01 of the denominated currency of the relevant stock. Any unfilled quantity of the Market Order resulting from completion of the above procedure will be automatically cancelled at once. After placement of a Market Order, customers are advised to check the order status and execution result. Customers should also be aware that the final execution price may deviate considerably from the nominal price at order placement, especially for illiquid stocks and/or at the beginning of Morning and Afternoon Trading Sessions due to handling of the orders that have been accumulated before the market opens.
Example 1 (for illustration only):
Customer has placed a Market Order to buy 20,000 shares of a stock.
Assume that the prevailing nominal price of that stock is HK$8.00 with a price spread of HK$0.01.
The Bank will calculate the required transaction amount and trading related charges based on the 10 spreads above the nominal price of the stock (i.e. HK$8.10) and the sum will be withheld from the customer's available investment amount. The Bank will submit the order to the market for matching once up to the 10 best price queues at prices equal to or lower than the nominal price plus 10 spreads (i.e. HK$8.10).
Scenario A
The price queues in the market:
| Ask Price (HK$) | Quantity | Filled Quantity (Buy) |
|---|---|---|
| 8.00 | 3,000 | 3,000 shares@HK$8.00 |
| 8.01 | 2,000 | 2,000 shares@HK$8.01 |
| 8.02 | 1,000 | 1,000 shares@HK$8.02 |
| 8.03 | 1,000 | 1,000 shares@HK$8.03 |
| 8.04 | 3,000 | 3,000 shares@HK$8.04 |
| 8.05 | 2,000 | 2,000 shares@HK$8.05 |
| 8.06 | 3,000 | 3,000 shares@HK$8.06 |
| 8.07 | 1,000 | 1,000 shares@HK$8.07 |
| 8.08 | 1,000 | 1,000 shares@HK$8.08 |
| 8.09 | 4,000 | 3,000 shares@HK$8.09 |
| 8.10 | 1,000 | Total: 20,000 shares |
Transaction Result: The Market Order is fully executed by buying all 20,000 shares after matching with the 10 best price queues in the prevailing market.
Scenario B
The price queues in the market:
| Ask Price (HK$) | Quantity | Filled Quantity (Buy) |
|---|---|---|
| 8.00 | 3,000 | 3,000 shares@HK$8.00 |
| 8.01 | 0 | 1,000 shares@HK$8.02 |
| 8.02 | 1,000 | 1,000 shares@HK$8.03 |
| 8.03 | 1,000 | 2,000 shares@HK$8.05 |
| 8.04 | 0 | 1,000 shares@HK$8.07 |
| 8.05 | 2,000 | 1,000 shares@HK$8.08 |
| 8.06 | 0 | Total: 9,000 shares |
| 8.07 | 1,000 | |
| 8.08 | 1,000 | Unfilled Quantity (Buy) |
| 8.09 | 0 | 11,000 shares |
| 8.10 | 1,000 |
Transaction Result: The Market Order is only partially executed by buying a total of 9,000 shares after matching with the 10 best price queues in the prevailing market. The unfilled quantity of the order (i.e. 11,000 shares) will be automatically cancelled. Customer may place a new order if necessary.
Example 2 (for illustration only):
Customer has placed a Market Order to sell 20,000 shares of a stock.
Assume that the prevailing nominal price of that stock is HK$6.00 with a price spread of HK$0.01.
The Bank will submit the order to the market for matching once up to the 10 best price queues at prices equal to or higher than the nominal price minus 10 spreads (i.e. HK$5.90).
Scenario A
The price queues in the market:
| Bid Price (HK$) | Quantity | Filled quantity (Sell) |
|---|---|---|
| 5.97 | 4,000 | 4,000 shares@HK$5.97 |
| 5.96 | 2,000 | 2,000 shares@HK$5.96 |
| 5.95 | 1,000 | 1,000 shares@HK$5.95 |
| 5.94 | 1,000 | 1,000 shares@HK$5.94 |
| 5.93 | 2,000 | 2,000 shares@HK$5.93 |
| 5.92 | 1,000 | 1,000 shares@HK$5.92 |
| 5.91 | 1,000 | 1,000 shares@HK$5.91 |
| 5.90 | 2,000 | 2,000 shares@HK$5.90 |
| 5.89 | 1,000 | Total: 14,000 shares |
| 5.88 | 2,000 | |
| 5.87 | 3,000 | Unfilled quantity (Sell) |
| 6,000 shares |
Transaction Result: The Market Order is only partially executed by selling a total of 14,000 shares after matching with the 8 price queues at the prices equal to or higher than the nominal price of the stock minus 10 spreads (i.e. HK$5.90). The unfilled quantity of the order (i.e. 6,000 shares) will be automatically cancelled. Customer may place a new order if necessary.
Scenario B
The price queues in the market:
| Bid Price (HK$) | Quantity | Filled quantity (Sell) |
|---|---|---|
| 5.89 | 1,000 | 0 share |
| 5.88 | 1,000 | |
| 5.87 | 0 | Unfilled quantity (Sell) |
| 5.86 | 1,000 | 20,000 shares |
| 5.85 | 0 | |
| 5.84 | 3,000 | |
| 5.83 | 2,000 | |
| 5.82 | 1,000 | |
| 5.81 | 5,000 | |
| 5.80 | 6,000 | |
| 5.79 | 2,000 |
Transaction Result: Since the nominal price deviates from the market bid price by more than 10 spreads, the Market Order is not executed and no quantity is filled. The unfilled quantity of the order (i.e. 20,000 shares) will be cancelled. Customer may place a new order if necessary.
Example 3 (for illustration only):
Customer has placed a Market Order to sell 100,000 shares of a stock.
Assume that the prevailing nominal price of that stock is HK$0.012 with a price spread of HK$0.001.
Under the condition that the order price must not be lower than $0.01 (while the prices will fall below $0.01 based on the 10 spreads below the nominal price in this case), the Bank will submit the order to the market for matching once up to the 10 best price queues at prices equal to or higher than HK$0.01.
The price queues in the market:
| Bid Price (HK$) | Quantity | Filled quantity (Sell) |
|---|---|---|
| 0.012 | 10,000 | 10,000 shares@HK$0.012 |
| 0.011 | 0 | 20,000 shares@HK$0.010 |
| 0.010 | 20,000 | Total: 30,000 shares |
| Unfilled quantity (Sell) | ||
| 70,000 shares |
Transaction Result: The Market Order is only partially executed by selling a total of 30,000 shares after matching with the 3 price queues at the prices equal to or higher than HK$0.01. The unfilled quantity of the order (i.e. 70,000 shares) will be automatically cancelled. Customer may place a new order if necessary.
At-auction Limit Order (AUO)
An At-auction Limit Order is an order with a specified price input during the Pre-opening Session. A Buy Order with a specified price higher than or equal to the final Indicative Equilibrium Price (IEP), or a Sell Order with a specified price lower than or equal to the final Indicative Equilibrium Price will be matched at the final Indicative Equilibrium Price. Any unfilled At-auction Limit Order in Pre-opening Session will be converted to Limit Order and carried forward to the Continuous Trading Session. If the order remains unfilled in the Continuous Trading Session and it within the permissible price limit, it will be automatically carried forward from Continuous Trading Session to the Closing Auction Session. The system will treat all such orders as at-auction limit orders.
At-auction Order (AUC) (Applicable to Sell Order Only)
An At-auction Order is an order with no specified price and enjoys a higher matching priority than an At-auction Limit Order (AUO). Once an At-auction Order is entered into the trading system during the Pre-opening Session or Closing Auction Session, it will be matched at the final Indicative Equilibrium Price (IEP). Any unfilled At-auction Order will be cancelled automatically before the commencement of the Continuous Trading Session or after market closes. Please note that the final trade price (i.e. the final Indicative Equilibrium Price) is not known at the time of order input and may not fall within or may largely deviate from your expected price range.
The above information shall be subject to the latest announcement made by the HKEx.
Comprehensive Stock Information
- Hong Kong stocks information: free real-time Hong Kong stock quotes and information such as Streaming, Price Alert, Warrant / Callable Bull/ Bear Contract information web page, etc.
- A shares information: unlimited free real-time Shanghai A shares and Shenzhen A shares stock quotes and other information (including bid/ask queue, remaining balance of northbound trading quota, etc.)
- US stocks information: unlimited free real-time US stocks quotes and other information, market news and ADR information
- Online weekly expert analysis
- Free online financial news subscription, alert on new IPO, etc.
Value-added services
- Virtual Securities Investment Platform helps you sharpen the skills and accumulate the experience needed on your path towards successful investment.
- You can access and download daily e-Statements of the last 90 days and monthly e-Statements of the last 13 months anytime via Internet Banking. Also, stock trading records of Hong Kong stocks and China A shares are separately displayed on the same statement for easy reference.
- You can receive important alert messages via SMS or Email, such as confirmation of order status, corporate action, etc.
- Strong RMB services such as exchange, deposits, etc.
*Reminder: To borrow or not to borrow? Borrow only if you can repay!
Risk Disclosure:
The following risk disclosure statements cannot disclose all the risks involved and does not take into account any personal circumstances unknown to BOCHK. You should undertake your own independent review and seek independent professional advice before you trade or invest especially if you are uncertain of or have not understood any aspect of the following risk disclosure statements or the nature and risks involved in trading or investment. You should carefully consider whether trading or investment is suitable in light of your own risk tolerance, financial situation, investment experience, investment objectives, investment horizon and investment knowledge.
Risk Disclosure of Securities Trading
Risk of Securities Trading
The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, 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.
Risk Disclosure of Securities Margin Trading
The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with the licensed or registered person. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. You may be called upon at short notice to make additional margin or interest payments. If the required margin or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own risk tolerance, financial situation, investment experience, investment objectives, investment horizon and investment knowledge.
You are reminded to understand the relevant details, charges and important notes before investing in Shanghai A shares or Shenzhen A shares. For details, please read the “Important Notice of Trading China A Shares and A Shares Margin Trading via Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect” in BOCHK’s website or the branch staff of BOCHK. Details
Conversion Limitation Risk of RMB (Only applicable to Individual Customers)
RMB investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB may result in losses in the event that the customer converts RMB into HKD or other foreign currencies. RMB is currently not fully freely convertible. Individual customers can be offered CNH rate to conduct conversion of RMB through bank accounts and may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.
Conversion Limitation Risk of RMB (Only applicable to Corporate Customers)
RMB investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB may result in losses in the event that the customer converts RMB into HKD or other foreign currencies. RMB is currently not fully freely convertible. Corporate customers that intend to conduct conversion of RMB through banks may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.
Important Notice of US Securities
You should fully understand the details, risks, charges and important notice before invest in US securities. You should seek advice from your professional advisors as to your particular tax position, including but not limited to estate duty and withholding tax that might arise from investing in overseas products.
US securities investment services are not applicable to U.S. persons and might only be applicable to limited jurisdiction. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment.
Since the server requires regular maintenance services, the system will not be able to provide the trading, fund transfer, checking securities custody and corporate action services at the following time: Hong Kong time Saturday 11:30am – 4:30pm
Since the server requires additional maintenance services, the system will not be able to provide the trading, fund transfer and corporate action services (enquiry function remains normal) at the following time: Hong Kong time daily 12:45pm – 2:15pm (during Standard Time in the United States- from the first Sunday in November to the second Sunday in March) or 11:45am – 1:15pm (during Daylight Saving Time in the United States- from the second Sunday in March to the first Sunday in November).
