Investing in Hong Kong shares...

[Tiggerbee]

You can get lower comm by opening a trading account with a HK brokerage instead of going through the local brokerages. For example, Phillip Securities, DBS and DMG OSK have offices in HK. If you don't trade a lot, they will give you about 0.2% comm rate. If you trade more, maybe about 0.15%. If you trade a lot, 0.1% or even lower.

Also, you get to participate in HK IPOs through the HK broker.

They don't charge custodian fees. If you have any HK shares bought through the local brokerages, you can transfer the shares to the HK brokerage. The transfer fees is charged per counter. So it will cost you the same (think it's about $40 or so)whether you transfer 1000 shares of Want Want or 100000 shares of Want Want. I funded my account by transferring the shares instead of cash transfer.

[Greenrookie]

Thanks for all the input!! VBs

[opmi]

You can get lower comm by opening a trading account with a HK brokerage instead of going through the local brokerages. For example, Phillip Securities, DBS and DMG OSK have offices in HK. If you don't trade a lot, they will give you about 0.2% comm rate. If you trade more, maybe about 0.15%. If you trade a lot, 0.1% or even lower.

Also, you get to participate in HK IPOs through the HK broker.

They don't charge custodian fees. If you have any HK shares bought through the local brokerages, you can transfer the shares to the HK brokerage. The transfer fees is charged per counter. So it will cost you the same (think it's about $40 or so)whether you transfer 1000 shares of Want Want or 100000 shares of Want Want. I funded my account by transferring the shares instead of cash transfer.

Tiggerbee, how do you open a HK broking acct from Sg, or must go HK to open it? Thanks.

[pianist]

Ya, how do U open it efficiently? How come Hong Kong brokerages houses dun charge custodian fee but local sg brokerages charge custodian fee even for sg stocks?

[Tiggerbee]

You can get lower comm by opening a trading account with a HK brokerage instead of going through the local brokerages. For example, Phillip Securities, DBS and DMG OSK have offices in HK. If you don't trade a lot, they will give you about 0.2% comm rate. If you trade more, maybe about 0.15%. If you trade a lot, 0.1% or even lower.

Also, you get to participate in HK IPOs through the HK broker.

They don't charge custodian fees. If you have any HK shares bought through the local brokerages, you can transfer the shares to the HK brokerage. The transfer fees is charged per counter. So it will cost you the same (think it's about $40 or so)whether you transfer 1000 shares of Want Want or 100000 shares of Want Want. I funded my account by transferring the shares instead of cash transfer.

Tiggerbee, how do you open a HK broking acct from Sg, or must go HK to open it? Thanks.

In my case, I mailed to Phillip Securities HK to enquire and they referred me to their Singapore office counterpart to complete the application form.

[opmi]

TiggerBee, Ok. Thanks.

Have u tried with any other brokers like DBSV HK? Thanks.

[Tiggerbee]

TiggerBee, Ok. Thanks.

Have u tried with any other brokers like DBSV HK? Thanks.

Nope. I did not try others as I am getting a decent comm rate from Phillip HK.

[opmi]

TiggerBee, Ok. Thanks.

Have u tried with any other brokers like DBSV HK? Thanks.

Nope. I did not try others as I am getting a decent comm rate from Phillip HK.

Ok. Thanks.

[orangetea]

Hi buddies, sorry need some guidance here. I wish to buy HK shares, I told my broker so, but he say I néed to do it through him. I already did the test on SIP products, why can't it be done? What are the bokerage fees and other costs involve in buying HK shares? Does it also reflect in our CDP, or do we need a separate Acc? What are the risks? Is there any restrictions in buying or selling or anything that I should be aware of? Thanks for help

I prefer doing it through standchart brokerage.

No min charges for HK trades or maintenance fees like custodian which local brokerages charge...

Same for US trades.

The downside is on some days (morning), the system is down even during morning trading hours. Well if doing short trades, better to go full brokerage unless you want to go long.
Dividends are retained in currency invested.

Here is an illustration of the charges using a counter 03698 Huishang Bank

I couple AAstocks to get realtime info.
http://www.aastocks.com/EN/ltp/RTQuote.a...mbol=03698

This counter min, trade is 1000 shares as indicated in the lot size

E.g. Buy at HKD 3.56

Estimated Transaction Amount
Trade Consideration: HKD 3,560.00
Client Commission: HKD 8.90
Transaction Levy: HKD 0.11
Stamp duty: HKD 4.00
Trading fee: HKD 0.18
Total Transaction Amount: HKD 3,573.19

Brokerage and misc fees (exclude GST) is about 14 HKD which is about SGD$2.30