Securities
Trading
Securities
Margin Trading
After enrolling in the Online Securities
Trading Services, can I still trade through other channel(s)?
You can still trade through Securities Trading Hotline at 2903
8488.
What are the benefits of using Online
Securities Trading Services?
With China Construction Bank (Asia) Online Securities Trading Services,
you can:
- enjoy super low commission rate at 0.2% (min. HK$125)
- access to real time stock quotes (up to 4 stocks in a
single screen), real time streaming price chart
- use the FastTrade service in which you can place your
order right after you have checked the real-time stock quotes
of your selected stock
- check your order status, transaction history and portfolio
- set up your own watch list
- receive email/SMS trade confirmation
- place your order easily anytime, anywhere with your PC
How can I trade online?
You have to be a China Construction Bank (Asia) Online Banking customer
with a Securities Trading account. If you have not opened an
account with us, simply visit any of our Branches and
sign up for our Online Banking service.
How do I place an order?
There are two ways to place an order.
- Trading page:
- choose your Securities Trading account,
- select buy/sell,
- enter stock code, price and quantity,
- choose order type (default is Enhanced Limit Order)
On the Trading page, you also have the opportunity to view
stock quotes and broker queue right before you place an
order.
- FastTrade in Quotes page:
- only enter stock code, price and quantity,
- click on the Buy or Sell button
FastTrade is located in the "Quotes" section. You can set
a default Securities Trading account for FastTrade in your
"Customer Information".
All orders will expire at the market close.
Does the Bank accept price orders that
are different from current market prices?
Yes, you can input your order price within 20 spreads (20+ for
buy order and 20- for sell order).
How do I know the Bank has received my
order?
After the Bank has received your order, you will receive an
order reference number. You can also check your order status
in the "Day Order" section.
How can I check the status of my order?
You can go to the "Day Order" or "Order History" section to
check the status of your order. "Day Order" will show your daily
order status before market close as queued, received, partially
executed, executed, cancelled and rejected. You are allowed
to amend or cancel while the status is in queue, received or
partially executed. After the market closes, you can also go
to the "Order History" section to check the final status of
your order.
Can I amend or cancel my order?
You can amend or cancel your order (except Stop Loss Order and
Market Order)only when the order status is "Queued", "Received"
or "Partially Executed". The order status will be shown in the
"Day Order" section.
How am I notified of the execution results?
You will be notified of the execution results via email or SMS
if you have provided your email address or mobile phone number
in "Customer Information". You can also check your order status
in "Day Order" or "Portfolio" section.
How can I keep track of the stock?
The Stock Watch function allows you to input the stocks you
are interested in and will show information such as nominal,
change, change %, volume and P/E ratio for each stock you entered.
You can also input the target price for profit taking and stop
loss in order to assist your investment decision.
Is the Bank's Securities system ready
for AMS/3 and what are the benefits of this new system?
Yes, the Bank's Online Securities Trading system does support
AMS/3, through which you can enjoy the fast and efficient electronic
straight-through order processing. With AMS/3, the Bank currently
supports Limit Order, Enhanced Limit Order, Special Order and
All-or-Nothing.
What is "All-or-Nothing"?
All-or-Nothing binds your order to be either executed immediately
in full or rejected. If you select "Yes", your order will only
be executed when both the market price and the available quantity
of the stock match your order details; otherwise, your order
will be rejected. The default setting is "No".
What is "Enhanced Limit Order"?
Enhanced Limit Order allows your order matching up to 5 price
queues, where the price of the trade generated is at or better
than the limit price. Unfilled orders after matching will be
converted to limit orders at the input limit price. The default
setting is "Enhanced Limit Order".
What is "Special Limit Order"?
A Special Limit Order is similar to a market order which matches
up to 5 price queues (i.e. the best price queue and the next
queue at one spread away) as long as the traded price is not
worse than the input limit price. Any unfilled quantity of a
Special Limit Order after matching will be cancelled by AMS/3.
What is "At Auction Limit Order"?
It is a limit order with a specified price for single price
auction during pre-open session . Unfilled at-auction limit
orders, with input price not deviating 9 times or more from
the prevailing nominal price, will be converted to limit orders
at the input limit price and carried forward to the continuous
trading session. The stock market acceptable order input period
for At-Auction Limit orders is 9:30 a.m. - 9:45a.m.
What is "Stop Loss Order"?
Stop Loss Order can help you to sell securities at a preset
selling price range determined by you. Once the prevailing
market price hits or becomes lower than your pre-defined Stop-Loss
Price, your sell order will be placed at the prevailing market
price, and the executed price (if the order is executed) will
not be lower than the Lowest Selling Price set by you.
What is Stop Loss Price?
It is the selling price of a stock specified by you and must
be set below the nominal price. Stop Loss Order will be triggered
and placed to the market once Stop Loss Price is reached.
What is Lowest Selling Price"?
It is the lowest selling price (which must be a price lower
than the relevant Stop Loss Price) specified by you to sell
your specified stock.
When will a Stop Loss Order be triggered?
If the nominal price (as defined by the rules of the SEHK)
of the relevant stock is equal to or lower than the specified
Stop Loss Price on the relevant trading day, the Stop Loss
Order will be triggered. A Stop Loss Order may then be fully
executed, partially executed or unexecuted (in one tranche
or a number of tranches) at a price not lower than the Lowest
Selling Price (but could be at a price higher than the Stop
Loss Price) on the relevant trading day. Regardless of the
final execution result (partially executed or unexecuted)
at the end of a trading day, the Stop Loss Order will lapse
and be cancelled at the end of that trading day.
<Example>
- Customer places Stop Loss Order with Stop Loss Price at
HKD2.35 and Lowest Selling Price at HKD2.10 (lower than
Stop Loss Price, but must not be lower than HKD0.01)
- Stop Loss Order is triggered and sent to the market at
the prevailing marketing price when the nominal price drops
to or lower than HKD2.35)
- If the order cannot be executed at HKD2.10 or above due
to market condition, the Stop Loss Order will be changed
into normal Limit Order at HKD2.10 for queuing. The selling
price will not be lower than the Lowest Selling Price set
by customer.
- Regardless of the final execution result (partially executed
or unexecuted) at the end of a trading day, the Stop Loss
Order will lapse and be cancelled at the end of that trading
day.
Can I place a multiple-day Stop
Loss Order?
No, you can only place single-day Stop Loss Order only.
Can I place a Stop Loss Order during
non-trading hour?
Yes, you can place a Stop Loss Order round-the-clock through
Online Banking or during the opening hour of Securities Trading
Hotline. If the Stop Loss Order is placed outside trading
hours, the order will be treated as an instruction given to
the Bank on the next relevant trading session.
Can I specify "All-or-Nothing"
for a Stop Loss Order?
No, the default setting of "All-or-Nothing" is "No".
Can I amend my Stop Loss Order?
No, you must cancel the order first and place a new order.
Will my Stop Loss order be valid if
there is any corporate action of the company which may have
an impact on its stock price?
Yes, therefore, you should keep watching for any corporate
action related to your stock for which you have placed Stop
Loss Order.
What is "Market Order"?
It is an instruction given by you to the Bank to sell or buy
a specific stock at a current market price.
Can I place a Market Order during
non-trading hour?
No, you can only place a Market Order during trading hours
(excluding pre-opening session.
Can I cancel or amend or cancel my
Market Order?
No, market Order will be sent to HKEX immediately after your
market order is placed.
Can my market order be successfully
executed?
No, market conditions may make it impossible to execute a
Market Order. The order will be rejected when it cannot be
executed within 10 spreads from nominal price.
Can I sell the stocks I have bought
before its settlement?
Yes.
Can I use the funds from selling a stock
to buy a new stock before its settlement?
Yes.
What is total purchasing power?
Total purchasing power refers to: for cash trading customers
- aggregate of the available cash balance and net proceeds of
unsettled purchase and sale orders or for margin trading customers
- available cash balance (including available overdraft facilities
and net proceeds of unsettled purchase and sale orders).
Will the transaction I perform today be
reflected in my portfolio?
Yes, once your order is executed, cancelled or rejected, the
transaction you performed will be reflected in your portfolio.
Partially executed orders will be reflected after the market
is closed.
Is the service available 24 hours a day?
Yes. You can place orders, view stock quotes, day orders, view
order history and transaction history anytime. You can also
view stock portfolio and personalized stock watchlists anytime
you want.
What is Streaming Quote?
Streaming Quote is a chargeable stock quote service, you must
open our Securities Trading account,Online Banking Service and
apply for this service at our Branches. Then, you can
receive real time stock quotes automatically with your computer.
The following are the plan and fee of Streaming Quote:
QuoteWinner HK$380 per month
QuoteWinner + AAStocks Financial News HK$400 per month
What is Research Report?
Research Report on securities trading is provided by CCB International,
which includes the latest market updates, company analyses and
industry reviews. Customers have to sign in Online Banking to
access the information.
What is the difference between cash trading
and margin trading?
You have to prepare full amount of the transaction consideration
of the stock you plan to purchase under cash trading service.
However, through margin trading service, you only have to pay
a portion of the purchasing transaction consideration as the
cash margin. This will enhance your capital capacity to maximize
the potential return of your investments.
How does the leverage work for the margin
trading?
If you plan to buy 1,000 shares of Stock A at HK$50 per share,
the total transaction consideration will be HK$50,000. Given
the margin ratio of Stock A is 60%, you only need to pay HK$20,000
out of the purchasing.
(Fees, levies and other translation costs are not included in
the above example for simplicity. Please note that you still
have to pay the full amount of these fees, levies and other
translation costs under margin trading arrangement)
How can I calculate the cash margin?
You can calculate the cash margin according to the margin ratio
set out in the List of Qualifying Securities. We offer margin
ratio of 30% and 60% for selected stocks.
Can I purchase stocks without utilizing
the overdraft in my Securities Margin Trading Account?
Yes. You can continue to pay the purchase considerations in
full cash.
If I deposit more cash than it is required
for my cash margin, can I utilize the unused overdraft for
the subsequent purchases in the future?
Yes.
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