There are three categories of fees that apply to Hong Kong share trading: brokerage fees, exchange fees,
and cash dividend fees.
Brokerage fees
A flat brokerage fee of HK$88 applies to each order that fills:
• Buy orders: the fee is deducted from the funds you are investing
• Sell orders: the fee is deducted from your sale proceeds
Exchange fees
Each time a trade is completed on the Hong Kong Exchange, both parties pay a set of small fees charged by
the exchange. These fees appear on your contract note and are subtracted from your sale proceeds. All fees
are charged in Hong Kong dollars (HKD).
| Charge | Percentage (%) of Total | Notes |
| Stamp Duty | 0.10% | Rounded up to nearest dollar |
| Transaction Levy | 0.0027% | Charged to each side of the consideration by the Securities and Futures Commission (SFC) |
| FRC Transaction Levy | 0.00015% | Charged to each side of the consideration by the Financial Reporting Council (FRC) |
| Transaction Fee | 0.00565% | Charged to each side of the consideration and paid to the exchange |
| CCASS Fee | 0.0042% | Minimum of HK$3 and a maximum of HK$300 |
Cash Dividend Fees
PhillipCapital charges 1.5% on cash dividends after Withholding Tax is applied. The cash dividend paid to your HKD Cash Account is the net dividend after the fee has been applied.
| Cash Dividends | HKD |
| Calculated on Net Value of Dividend | 1.5% (rounded up to the nearest cent) |
| Fee Capped at | $2500.00 |
Example: Your dividend after withholding tax is HK$90.00. A fee of 1.5% applies — HK$1.35 is charged, and
HK$88.65 is paid to your HKD cash account.
For more information on this, please refer to the Phillip Capital Important Information Guide.