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Announcement of Hong Kong Stocks, Futures and Options for Reduction of Transaction Levy
Source: Time:14-10-29 Author:

Summary:

Dear Valued Customer,                                                                                         27th October 2014

 

 

Announcement of Hong Kong Stocks, Futures and Options for Reduction of Transaction Levy

 

According to the Securities and Futures (Levy) (Amendment) Order 2014, the levy payable by a buyer or a seller for a transaction of securities and the Commission Levy for the sale and purchase of futures and options contracts that are traded on the Exchange will be reduced as follows with effect from 1 November 2014 

 

 Products

Current

Levy

New Levy

(Effective 1 November 2014)

Securities

Ÿ

Hong Kong Stocks

0.003%

0.0027%

Futures

Ÿ

Hang Seng Index Futures

HK$0.60

HK$0.54

Ÿ

Hang Seng China Enterprises Index Futures

Ÿ

HSI Dividend Point Index Futures

Ÿ

HSCEI Dividend Point Index Futures

Ÿ

HSI Volatility Index Futures

Ÿ

CES China 120 Index Futures

Ÿ

BRICS Futures

 

-          IBOVESPA Futures

 

-          MICEX Index Futures

 

-          S&P BSE SENSEX Index Futures

 

-          FTSE/JSE Top40 Futures

Ÿ

HIBOR Futures

 

-          Three-Month Hong Kong Interbank Offered Rate Futures Contract

 

-          One-Month Hong Kong Interbank Offered Rate Futures Contract

Ÿ

Three-Year Exchange Fund Note Futures

Ÿ

Mini-Hang Seng Index Futures

HK$0.12

HK$0.10

Ÿ

Mini-Hang Seng China Enterprises Index Futures

Ÿ

Stock Futures

Ÿ

Gold Futures

US$0.08*

US$0.07*

Options

Ÿ

Hang Seng Index Options

HK$0.60

HK$0.54

 

Ÿ

Hang Seng China Enterprises Index Options

 

Ÿ

Mini-Hang Seng Index Options

HK$0.12

HK$0.10

*The amount indicated is the US Dollar equivalent (at the conversion rate determined by the Exchange, rounded to the nearest US Cent) of the amount prescribed under the Ordinance.

 

For the avoidance of doubt, the transaction(s) executed during October 31, 2014 T + 1 Session(After 5pm) will be settled on next transaction day (November 3, 2014) , the new levy will also be applied to the above transaction(s). We will take all necessary actions for the reduction of the levy.  Should you have any enquiries, please contact your Account Executive or call our Customer Service Hotline at 3698 6750.

 

Yours faithfully,

China Galaxy International Securities (Hong Kong) Co., Limited

China Galaxy International Futures (Hong Kong) Co., Limited

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