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HKD-Denominated Securities

How do I place an order for HK Stocks trading via WebTrade?

  1. Log into your KGI Asia Trading Account
  2. Select “Hong Kong” in “Securities Trading”.
  3. Fill in details of your order request.
  4. Click “Preview” to double check your entries before you confirm.

Please note that you need to make payment for a transaction on or before the settlement date of the relevant trade in most cases. If you have any question regarding the payment, please contact our 24-hour InvestLine at (852) 2878-5555. No reminder will be issued by KGI Asia and late payment is liable to default interest or surcharge. This may result in forced liquidation of your portfolio.

See Trade Demo for an interactive guide to WebTrade.

What types of order can I place for HK Stocks via WebTrade?

  1. Limit Order

A limit order will allow matching only at the specific price. The Sell order price inputted cannot be lower than the best bid price available, whereas the Buy order price inputted cannot be higher than the best ask price available.

A Limit order placed before 09:00 (HKT) will be sent to the HKEx as an At-Auction limit order, in which any unfilled order will be carried forward to the Continuous Trading Session begins at 09:30 (HKT).

  1. At-Auction Order

This is an order with NO specified price and will be put into the trading system before the Pre-opening Session -> Order matching periods* for execution at the final IEP. It gets a higher matching priority than an at-auction limit order. Clients are required to cancel unfilled orders at the continuous trading session which starts at 09:30 (HKT).

Limit Order Examples:

Bid Ask
Price Volume ( '000 ) Price Volume ( '000 )
HKD120.0 20 HKD120.1 40
HKD119.9 40 HKD120.2 20
HKD119.8 40

HKD120.3

20

HKD119.7

20

HKD120.4

60

HKD119.6

60

HKD120.5

50

HKD119.5

80

HKD120.6

20

HKD119.4

100

HKD120.7

40

HKD119.3

150

HKD120.8

45


Action

Execution Result

Unfilled Order

Order Status

(1) Buy 100K @ HKD120.4

40K @ HKD120.1
20K @ HKD120.2
20K @ HKD120.3
20K @ HKD120.4

Nil

Done

(2) Buy 200K @ HKD120.5

40K @ HKD120.1
20K @ HKD120.2
20K @ HKD120.3
60K @ HKD120.4
50K @ HKD120.5

10K @ HKD120.5

Partially Done

(3) Buy 50K @ HKD120.6

40K @ HKD120.1
10K @ HKD120.2

Nil

Done

(4) Buy 100K @ HKD120

NA

100K @ HKD120

Queuing

(5) Sell 100K @ HKD119.5

20K @ HKD120.0
40K @ HKD119.9
40K @ HKD119.8

Nil

Done

(6) Sell 50K @ HKD120.1

NA

50K @ HKD120.1

Queuing

(7) Sell 200K @ HKD119.6

20K @ HKD120.0
40K @ HKD119.9
40K @ HKD119.8
20K @ HKD119.7
60K @ HKD119.6

20K @ HKD119.6

Partially Done

(8) Buy 220K @ HKD120.6

40K @ HKD120.1
20K @ HKD120.2
20K @ HKD120.3
60K @ HKD120.4
50K @ HKD120.5
20K @ HKD120.6

10K @ HKD120.6

Partially Done

Note:

Examples above do not represent all possible scenarios and each of them is also applicable to orders placed by the order side of the market.

Does WebTrade offer Market Price order?

No. Market volatility may execute Market order with a price deviating from your expectation. We only accepted orders with specific prices (except Pre-opening period's At-Auction orders). However, we provide Better Filled Function which could serve similar needs.

What will happen if I place an order?

Once you have placed an order, WebTrade will provide you with a summary of your order and a reference number which is our confirmation that your order has been acknowledged. Please DO NOT disconnect from WebTrade until you successfully receive the reference number. From this point on, you can always find out the status of your order by clicking "Securities Trading" >"Order Status".

See Trade Demo for an interactive guide to WebTrade.

How to interpret order status and what action is allowed to do?

The following table shows the possibly different status of your order.

Status

Description

Action allowed

Pend

The order is pending in the system and it will be sent for matching once the market opens.

Cancel

Inac

The order is stored in the system which requires activation before sending to HKEx. For more details, please call our 24-hour Invest Line at (852) 2878-5555 or contact your Investment Representative.

Cancel

Queue

The order is queuing on HKEx.

Amend/Cancel

Part

Part of the order has been executed and the rest is queuing on HKEx.

Amend/Cancel

Comp

The order has been fully executed.

Nil

Reje

The order has been rejected. Please refer to Order Status for reasons.

Nil

Canc

The order is cancelled and it has been taken away from HKEx for further matching.

Nil

Part Canc

Part of the order has been executed but the rest has been cancelled and taken away from HKEx for further matching.

Nil

How do I amend / cancel my order?

You can amend / cancel the quantity of your orders and prices in these orders if they have not yet been fully executed. However, the amended prices in orders cannot be better than the market price as this violates HKEx rule.

To amend / cancel your order, please click on the relevant Amend / Cancel link on the Order Status table under "WebTrade">"Securities Trading">"Order Status", enter your changes in the appropriate boxes and click “Submit”.

Note:

Amending a Sell odd lot order is not accepted. You should cancel the original order and place a new one.

 

See Trade Demo for an interactive guide to WebTrade.

What does Pend Cancel mean?

HKEx does not accept request for orders cancelling during 09:15 - 09:30 HKT and 12:00 - 12:30 HKT. Hence, WebTrade will store the request and process it when the market opens again. This is indicative of Pend Cancel. Please note: the request for orders cancelling is not guaranteed to be accepted by HKEx as the order may have been executed. So clients are advised to check the status in the Order Status section.

Can I amend queuing orders during periods of pre-open blocking time and lunch time?

No, WebTrade does not allow order amendment in the periods (they are respectively 09:15 - 09:30 HKT and 12:00 - 13:00 HKT) as this violates HKEx rules. However, during the lunch time period, you can make a request for order cancelling. Thereafter, wait until it has been cancelled and place a new one with amended information.

What is the settlement currency for the order?

The settlement currency is the trading currency for HK Stocks, which will be shown when you preview your order. Please ensure sufficient settlement currencies are available to avoid interest charges.

What are the cut-off times on order entries into Hong Kong Stocks?

To ensure the smooth processing of your order entries, please note the following schedule:


Time (HKT) Order Type
Limit At-Auction
New Amend Cancel New Amend Cancel
09:00 - 09:15
09:15 - 09:20
09:20 - 09:22
09:22 - 09:30
09:30 - 12:00
12:00 - 12:30
12:30 - 13:00
13:00 - 16:00
16:00 - 16:01
16:01 - 16:06
16:06 - 16:08
16:08 - 16:10
16:10 - 16:40
16:40 - 09:00


 

: Orders received will be processed immediately

 

: Orders received will be processed in the next trading session

 

: Orders rejected

* We strongly recommend clients to check the status of their order before placing a new order, particularly at the lunch break, as orders could just have been executed / cancelled when the market opens next.

*For Pre-opening Session (09:00-09:30) and Closing Auction Session (16:01-16:10), the schedule above is only applicable for the order(s) in the POS securities list or CAS securities list.

What is the Pre-opening Trading Session and how are the orders processed and matched?

The half-hour POS consists of several such distinct periods

Order input period

:09:00 - 09:15 (HKT)

No-cancellation Period

:09:15 - 09:20 (HKT)

Random Matching Period
(order matching will start randomly during this period)

:09:20 - up to 09:22 (HKT)

Blocking period

:After matching - 09:30 (HKT)

Note that these periods do not correspond to the cut-off times on order entries via WebTrade and are only a reflection of the HKEx terminal activities.

All limit and At-Auction orders, if matched successfully in the pre-opening trading session, will be executed at a single price known as the final Indicative Equilibrium Price (IEP) of that security. No market-making is involved in this auction mechanism.

What is the price limits in POS?

The price of at-auction limit orders which are input during the POS has below two-stage price limit mechanism.


Applicable Period(s)

Time / Duration

Allowable Price Limits

Stage 1

Order Input Period

09:00-09:15

Stage 1 Upper and Lower Price Limits are ± 15% from previous closing price respectively
Buy orders: Previous Close -15% ≤ Order Price ≤ Previous Close + 15%
Sell Orders: Previous Close -15% ≤ Order Price ≤ Previous Close + 15%

Stage 2

No-cancellation Period
and
Random Matching Period

09:15-up to 09:22

Stage 2 Upper Price Limit = the higher of the highest bid price and the lowest ask price recorded at the end of the Order Input Period at 09:15

Stage 2 Lower Price Limit = the lower of the highest bid price and the lowest ask price recorded at the end of the Order Input Period at 09:15

Buy Order: Previous Close –15% ≤ Order Price ≤ Stage 2 Upper Limit
Sell Order: Previous Close +15% ≥ Order Price ≥ Stage 2 Lower Limit

IEP will only be formed within the range of the highest bid price & lowest ask price recorded at the end of Order Input Period at 09:15

In the absence of the previous closing price (e.g. for IPO stocks) or for stocks resuming from trading suspension*, the Stage 1 price limit will not be applicable.

*For stocks resuming from a trading suspension, the Stage 1 price limit check will not be applied for the first day of trading resumption only (no matter whether there is trade recorded on the day of trade resumption or not).

For details, please refer to the following link:
https://www.hkex.com.hk/Services/Trading/Securities/Overview/Trading-Mechanism/POS-Enhancements-Initiative/POS-Infographic?sc_lang=en

https://www.hkex.com.hk/-/media/HKEX-Market/Services/Trading/Securities/Overview/Trading-Mechanism/Trading-Mechanism-of-POS-in-the-Securities-Market_en.pdf?la=en

What do Indicative Equilibrium Price (IEP) and Indicative Equilibrium Volume (IEV) mean?

  1. Indicative Equilibrium Price (IEP)

The IEP is the price at which the maximum number of shares can be traded if matching occurs at that time with the final IEP (if any) of each security determined at 09:20 HKT.

  1. Indicative Equilibrium Volume (IEV)

The IEV is the quantity of shares that could be matched at the IEP.

The nominal price equals the IEP if IEP is available, but it is the previous closing price if IEP is not available. Along with IEV, IEP is continuously re-calculated each time a new order is input during periods of the order input and pre-order matching. Orders are matched by order type, price and time priority at the final IEP and with At-auction orders carrying a higher priority over at-auction-limit orders.

What is Better Filled Function?

If you place an order in which prices are higher than ones in a current Ask order or Sell order which are lower than the current-bid, the system will fill your order at the currently available best price.

Nevertheless, orders may not be filled if the market price rapidly surpass the prices in the order and therefore the order will be stopped from completion.

What is Price-checking validation?

Orders in which prices are nine times the nominal price or have 20 price spread will be rejected by HKEx.

In general, orders where prices are 20% more than the nominal price will be rejected by KGI Asia.

However, for stock prices below HKD 0.05, please refer to the following table:

Price Range

Acceptable price range %

0.01-0.02

100%

0.02-0.03

50%

0.03-0.04

33%

0.04-0.05

25%

Orders whose prices exceed the above Price Range will be rejected.

Example: If a Current Bid / Ask price for a stock is HKD 0.024 / HKD 0.025 and a price in a SELL order is placed at HKD 0.04, the latter price is within 20 price spread (in this case, the price in the order is within 15 spread) but over the Acceptable price range (50%). Therefore, this SELL order will be rejected.

What is the minimum price spreads of different stock prices?

Hong Kong Exchanges and Clearing Limited (HKEx) has already implemented the regulation of reducing minimum trading spread for shares trading from Monday, 24 July 2006, which is between HKD 2 to HKD 20. And all securities other than stock options, debt securities and securities authorized to be traded in accordance with the minimum trading spread for debt securities will have the same minimum trading spread as shares.

Current Price Spread:

Price from (HKD)

Minimum Spread

0.01

0.001

0.25

0.005

0.50

0.010

1.00

0.010

2.00

0.010

5.00

0.010

10.00

0.020

20.00

0.050

100.00

0.100

200.00

0.200

500.00

0.500

1,000.00

1.000

2,000.00

2.000

5,000.00 - 9,995.00

5.000

What factor would delay orders to be timely execute?

There are many factors that can cause delays in the course of execution including but not limited to market volatility, the speed of Internet Service Provider(ISP) and limitations on system loading capacity. Delays in receiving confirmation of an order execution may prevent you from knowing whether or not your original order has been executed. You should monitor the order status instead of simply placing the order again to avoid repeatedly buying the same stocks you want to own and selling stocks you may not want to.

Prior to cancellation or amendment, please be sure that original transactions have not been executed. Do not base the assumption on electronic receipts that the order has been cancelled or amended. Please call our 24-hour Invest Line at (852) 2878-5555 or contact your investment consultant if having doubt.

What types of account information can I view via WebTrade?

You can view your Stock Holdings, Cash Balance, Order Status and Portfolio holdings on WebTrade. Moreover, you can also view your daily Client Statement online if you have Acrobat Reader 4.0 (or above) and Acrobat Asian Font Package installed in your computer.

See Trade Demo for an interactive guide to WebTrade.

If I hold a physical share certificate for a new stock, when can I sell it and withdraw relevant sales proceeds?

First of all, before selling these new shares, you MUST ensure KGI Asia has received your actual share license(s) so that we can update all the relevant information of your stock holdings stored in our system. If the shares can be delivered to KGI Asia's head office directly by 09:30 (HKT) on T-day*, then you may sell the shares on T+1 business day. For shares collected via one of our branches by 09:30 (HKT) on T-day*, you may sell the shares on T+2 business days.

Withdrawal of sales proceeds in physical shares deposit(s) will require the verification of registration by the Central Clearing and Settlement System (CCASS). Normal processing will take 10 to 14 business days (HKT), while Express processing (subject to approval by the respective Registrar) will take 6 business days (HKT) and need to pay additional registration and handling fee for.

*Excluding Saturdays, Sundays and Public Holidays

What is Italian Financial Transactions Tax ("IFTT")?

With effect from 1 March 2013, transactions involving transfer of ownership of shares issued by companies' resident in Italy and certain other financial instruments may be subject to IFTT. Pending clarification of the issues related to IFTT and its implications, to minimize administration costs (if any) to our clients, we will stop accepting any orders for trading the relevant shares and financial instruments (including but not limited to shares in PRADA S.p.A. (stock code 01913) and its related warrants) which may be subject to IFTT effective from 1 October 2013 until further notice.

What is the Volatility Control Mechanism (VCM)?

The VCM is applicable during Continuous Trading Session (CTS) except the first 15 minutes of the morning and afternoon CTS and the last 20 minutes of the afternoon CTS. It is applicable to all Hang Seng Composite LargeCap Index constituents, Hang Seng Composite MidCap Index constituents, and Hang Seng Composite SmallCap Index constituents. If the stock is away from the Triggering Level and Price Bands of the last traded price 5-minute ago, a 5-minute cooling-off period will be triggered. During the cooling-off period, the affected stock will only be allowed to trade within a fixed band. Normal continuous trading will resume when the 5-minute cooling off period ends and the stock can be subject to the VCM again in the same trading session.

A tiered structure of triggering thresholds and price bands during the cooling-off period will then be applied, referencing to the last automatched traded price of the VCM security 5 minutes ago. They are further summarised as follows:

VCM Securities

Triggering Level and Price Bands within Cooling-off Period

Hang Seng Composite LargeCap Index constituents

±10%

Hang Seng Composite MidCap Index constituents

±15%

 

Hang Seng Composite SmallCap Index constituents

±20%

 

For details, please refer to the following link:
https://www.hkex.com.hk/Services/Trading/Securities/Securities-Lists/Volatility-Control-Mechanism-(VCM)-Securities?sc_lang=en

What instruments are covered under VCM?

For the securities market, the VCM covers all Hang Seng Composite LargeCap Index constituents, Hang Seng Composite MidCap Index constituents, and Hang Seng Composite SmallCap Index constituents.

For VCM Securities list, please refer to the following link:
https://www.hkex.com.hk/Services/Trading/Securities/Overview/Trading-Mechanism/VCM-Enhancements-Initiative?sc_lang=en

What is a Closing Auction Session (CAS)?

Closing auction, which allows trades to be executed at the closing price, is a trading mechanism commonly used in global securities markets. During a closing auction, market participants interested in trading at the closing price may input buy and sell orders. Then their orders interact with each other to form a consensus closing price for each security and all orders will then be executed at that price.

For details, please refer to the following link:
http://www.hkex.com.hk/cas/en/index.htm

How does the CAS work?

In the first period (Reference Price Fixing Period, 16:00-16:01/12:00-12:01 (for half day trading) (HKT), a reference price, which sets the allowable price limit of the CAS (±5 percent from the reference price), is calculated for each CAS security. The reference price is determined by taking the median of 5 nominal prices in the last minute of the CTS.

In the second period (Order Input Period, 16:01-16:06/12:01-12:06 (for half day trading) (HKT), at-auction orders and at-auction limit orders within the ±5 percent price limit can be entered, amended or cancelled.

In the third period (No-Cancellation Period, 16:06-16:08/12:06-12:08 (for half day trading) (HKT), at-auction orders and at-auction limit orders can be entered. However, the prices of new at-auction limit orders must be between the lowest ask and highest bid of the order book and no orders can be amended or cancelled.

In the last period (Random Closing Period, 16:08-16:10/12:08-12:10 (for half day trading) (HKT), the order rules from the No-Cancellation period apply and the market closes randomly within two minutes. After the period, orders for all CAS securities are matched at the final IEP. In cases where no final IEP is established during the CAS, the reference price would become the closing price. This price would also be used for order matching based on matching priority, i.e. by order type, price and then time.

What securities are covered under POS and CAS?

The POS and CAS cover all equities (including depositary receipts, investment companies, preference shares and stapled securities), funds (including Exchange Traded Funds (ETFs) and Real Estate Investment Trusts (REITs)) and Leveraged and Inverse Products (L&I Products).

 

What would be the changes to trading hours in the securities market after the launch of CAS?

With the introduction of the new CAS, the securities market closing time will change from 16:00 to a random closing of anytime between 16:08 and 16:10.

Can I enter, amend or cancel order(s) which is (are) beyond the price limit range during Closing Auction Session?

No. Trading will be allowed only for the order(s) within the price limit range during Closing Auction Session.

  1. If you enter order(s) which is (are) beyond the price limit range, the order(s) will be rejected.
  2. If you amend order(s) which is (are) within the price limit range to beyond the price limit range, the order(s) will be rejected.
  3. If you amend order(s) which is (are) beyond the price limit range to within the price limit range, the order(s) will not be allowed.
  4. If you cancel order(s) which is (are) beyond the price limit range, the order(s) will be canceled.

What is Good-Till-Date(GTD) order?

Good-Till-Date (GTD) order is a pending order whose expiry date can be set to a specified date in the future, and the expiry date can be up to 14 calendar days. As long as the stock price meets the pre-set condition within specified date, the order will be automatically executed. If the order is not completed or fully executed before the effective date, the system will automatically cancel or delete the unexecuted shares after the market close.

*Note: Good-Till-Date (GTD) order is only available for price limit order of Hong Kong and US stocks.

RMB-Denominated Securities

What currencies shall I use to settle my trading of RMB-denominated securities listed on HKEx ("RMB Shares")?

You need to use the RMB to settle your purchase of RMB Shares

1. You have sufficient RMB in your Trading Account
When you purchase RMB Shares on a certain trading day ("T"), KGI Asia will deduct needed RMB from your Trading Account on T+2.

If you do not have sufficient RMB in your Trading Account but subsequently make the deposit rise to the sufficient amount at or before 17:00 (HKT) on T+1 and duly notify our Customer Service Officers or your Investment Representative, KGI Asia will deduct the amount of RMB from your Trading Account on T+2.

2. You do not have deposits in RMB in your Trading Account
If you purchase RMB Shares on T day and deposit enough RMB into KGI Asia's bank account after 17:00 (HKT) on T+1, the purchase will not be able to settled by the RMB you deposited. KGI Asia will settle the purchase in RMB and deduct HKD equivalent to the RMB (calculated at an HKEx rate determined by KGI Asia) from your Trading Account on T+2. (Note 1) Please note that if you do not have sufficient HKD in your Trading Account, you will be charged interest on the resulting HKD debit balance from T+2.

3. You do not have sufficient RMB in your Trading Account
If you purchase RMB Shares on T day but (1)not have sufficient RMB in your Trading Account or (ii) have not deposited sufficient RMB into KGI Asia's bank account at or before 17:00 (HKT) on T+1 or (iii) have deposited sufficient RMB into KGI Asia's bank account at or before 17:00 (HKT) on T+1 but have not duly notified our Customer Service Officers or your Investment Representative, KGI Asia will deduct RMB available in your Trading Account (if any) and deduct HKD equivalent to the rest of the needed RMB (calculated at an HKEx rate determined by KGI Asia) from your Trading Account on T+2. (Note 1) Please note that if you do not have sufficient HKD in your Trading Account, you will be charged interest on the resulting HKD debit balance from T+2.

You purchase and sell RMB Shares on the same T day

 

When you purchase and sell RMB Shares on T day, the trading will be settled in RMB and if there is net surplus, it will be deposited into your Trading Account in RMB;if there is the shortfall in RMB in your Trading Account, KGI Asia will deduct RMB available in your Trading Account (if any) and deduct HKD equivalent to the shortfall in RMB (calculated at an HKEx rate determined by KGI Asia) from your Trading Account on T+2. (Note 1) Please note that if you do not have sufficient HKD in your Trading Account, you will be charged interest on the resulting HKD debit balance from T+2.

Note 1: The applicable HKEx rates will be determined by KGI Asia from time to time. RMB HKEx rate is subject to market liquidity and availability. Though customers may request KGI Asia to buy/sell RMB to cover their trade settlement, KGI Asia cannot guarantee there be sufficient RMB liquidity and availability in the market.

What currencies shall I use to pay the fee and charges associated with RMB Shares trading?

For secondary trading of RMB Shares, you should pay stamp duty, SFC levy, SEHK trading fee, clearing fee and other trading related fees and charges by KGI Asia in RMB.

If you use other currencies to meet the fees and charges associated with the trading of RMB Shares, the fees and charges paid in such currencies will be calculated at HKEx rates determined by KGI Asia and such HKEx rates may be different from those published on the HKEx website.

I have deposited HKD into my Trading Account and converted it to RMB for trading RMB-denominated securities, but the order has been not successfully placed or executed. Can I withdraw the fund in RMB from my Trading Account?

No. All converted RMB via your KGI Asia Trading Account must be used for trade settlement. If you would like to make a withdrawal, you must convert it back to the originally deposited currency or other non-RMB currencies agreeable to KGI Asia before making a withdrawal.

For example, if you have deposited HKD 1,000,000 and converted it into the equivalent RMB but if the converted RMB are not used for trade settlement, you must convert it back to HKD or other non-RMB currencies agreeable to KGI Asia before making a withdrawal.

Dual Counter Security

How do I place an order for Dual Counter Security?

You can do the same day trading on the same counter through “Webtrade”, “Webtrade-Professional”, “KGI ASIA Power Trader” or notifying your Relationship Manager.

If you want to buy stocks from one counter and sell stocks from another counter, please call our 24-hour InvestLine (852) 2878 5555 or contact your Relationship Manager.

Can HKD-denominated stocks and RMB-denominated stocks be exchanged between the two counters?

You can exchange HKD-denominated stocks and RMB-denominated stocks.

How to distinguish between HKD-denominated stocks and RMB-denominated stocks?

The RMB-denominated stock code is a 5-digit number starting with "8", and "-R" will be added after the stock short name. The HKD-denominated stock code is a 5-digit number starting with "0".

* The last four digits of the stock codes for the two counters will normally be the same

What currency can I pay stamp duty, exchange fees and levies?

When trading RMB-denominated stocks, the relevant stamp duties, exchange fees and levies must be paid in HKD dollars.

Are holders of HKD and RMB denominated stocks different in their legal rights?

Both belong to the same class of securities, and the rights of shareholders are exactly the same.

Trade Execution

Where can I find the executed orders?

The status of your transaction can be found at WebTrade >”Securities Trading” > “Order Status”. After placing an order, please go to “Order Status” and check to ensure orders have been executed accordingly. You may click on the “Reload” button to update the page and view any trading details such as reference number and reasons for unsuccessful transaction.

 

What are the transaction fees for HK Stocks trading?

They are the Brokerage Commission Fee, Exchange Transaction Levy, Trading Fee and Stamp Duty.

Securities Settlement

What would happen when warrants expire?

In prior to a warrant's expiry date, investors should notify KGI Asia for whether they intend to exercise it. Depending on the types of warrant purchased and its strike price, you will receive the payment if the warrant expires in-the-money. In case of the warrant expiring out-of-the-money or a failure to notify KGI Asia of your exercise intent, your investment warrant will expire worthless.


How do I transfer HK Stocks to KGI Asia?

To transfer any HK Stocks to KGI Asia, please submit a Stock Deposit form at WebTrade > “Settlement” > “Stock Movement” and indicate the broker or custodian from whom KGI Asia would receive the securities. You can also deposit to your KGI Asia account by delivering the physical securities to any our branches. Stocks received will be credited to your Trading Account on the settlement date.

Since warrants’ certificates are in scripless form, KGI Asia does not provide any physical inventory service for such products.


How do I withdraw HK Stocks from KGI Asia?

To withdraw HK Stocks from KGI Asia, please submit a Stock Withdrawal form at WebTrade > “Settlement” > “Stock Movement”. If you want to collect physical certificates from any of our branches, please select the respective branch and enter the denominations of your certificates.

Since warrants’ certificates are in scripless form, KGI Asia does not provide any physical inventory service for such products.

HKIDR

Hong Kong investor identification regime and over-the-counter securities transaction reporting regime

Under the HKIDR, we will have to assign an identification code (“Broker-Client Assigned Number” or “BCAN”) to each of our clients and tag the BCAN to the clients’ securities orders. We will also have to submit to SEHK’s data repository the identification data (i.e., names and identity document information) of clients placing securities orders on SEHK or who conduct off-exchange trades reportable to SEHK.

Under the OTCR, information about OTC securities transactions in ordinary shares and real estate investment trusts listed on SEHK as well as deposits and withdrawals of physical share certificates will be reported to the SFC.

Separately, we may, on an optional basis, identify subscribers for shares in initial public offering (IPO) with the BCAN when the Fast Interface for New Issuance (“FINI”) of SEHK is launched in about the fourth quarter of 2022.


Related Forms: 

(i) Individual / Joint Account

(ii) Corporate Account



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