Important Notes:

  • Investment involves risk, prices of investment product may go up as well as down, and may become valueless.
  • Securities Margin Trading involves significant risk and losses may exceed the value of your collateral.
  • Some mutual funds and bonds may involve derivatives. Structured equity-linked products and FX linked deposits are structured products involving derivatives. FX options are derivatives products. The investment decision is yours but you should not invest in an investment product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
  • Insurance products and Investment products including FX linked deposits and FX options are not equivalent to or alternative of time deposits. They are not protected deposits, and are not protected by the Deposit Protection Scheme in Hong Kong. Some FX linked deposits and FX options are not principal-protected while some FX Linked Deposits are principal-protected conditionally.

Terms and Conditions for China Construction Bank (Asia) PREMIER SELECT / PREMIER BANKING / WISE BANKING Service (“Terms and Conditions”)

These Terms and Conditions are applicable to individual customer / ( “Customer”) who joins PREMIER SELECT / PREMIER BANKING / WISE BANKING service (collectively known as the “Packaged Banking Service”) provided by China Construction Bank (Asia) Corporation Limited (the “Bank"). Customers are bound by these Terms and Conditions upon the application and using of Packaged Banking Service.

  1. Conditions of Services
    1. A Customer has to maintain a valid HKD statement savings account or checking account with the Bank as the settlement account in order to apply for and continue to use the Packaged Banking Service.
    2. The Bank may offer Packaged Banking Service to its Customer if the Customer satisfies the criteria determined by the Bank from time to time. Such criteria include the maintenance of certain minimum balance as the Bank may determine. If the Customer’s daily average combined balance (calculated in accordance with Clause 3 below) falls below the required minimum amount prescribed by the Bank and/or there are insufficient funds in the Customer’s account(s) to satisfy fees and charges payable as stipulated in Clause 4 below in connection with the Packaged Banking Service, the Bank will be entitled to terminate or suspend the Packaged Banking Service provided to the Customer.
    3. The required minimum amount of the Daily Average Combined Balance with the Bank is (i) HKD5,000,000 or equivalent for PREMIER SELECT; (ii) HKD1,000,000 or equivalent for PREMIER BANKING; (iii) HKD100,000 or equivalent for WISE BANKING, or such other amount as the Bank may determine from time to time (“Required Minimum Amount”). If the respective balance is in foreign currency, it will be calculated into HKD according the prevailing foreign exchange rate used by the Bank.
    4. Customer is also bound by the terms and conditions stated in the “Terms and Conditions for Accounts and Related Services (For Individuals)”, (collectively “Terms and Conditions for Accounts”). For Packaged Banking Service, in the event of any inconsistency between these Terms and Conditions and the “Terms and Conditions for Accounts”, these Terms and Conditions shall prevail.
  2. No-bounce Check and Autopay Protection
    1. The Bank offers the Customer no-bounce check and autopay protection, the Bank will still process and clear a check drawn by a Customer or process an autopay instruction by the Customer even though there are insufficient funds in the Customer’s account from which the payment is to be made (collectively known as the “Protection”). The respective total maximum Protection limit is up to HKD30,000 (applicable to PREMIER SELECT) / HKD20,000 (applicable to PREMIER BANKING) / HKD5,000 (applicable to WISE BANKING), or such other limit as the Bank may determine. The Protection applies to an unlimited number of checks or autopay transactions, as long as the total transaction amount of checks or autopay transactions does not exceed the Protection limit. The Protection will become available to the Customer at least one full calendar month after the Customer successfully joins Packaged Banking Service.
    2. This Protection will apply to checks or auto-payments from one checking account designated by the Customer and approved by the Bank. If the Customer has more than one checking account, the Customer shall designate one such account for this Protection.
    3. This Protection is available to a Customer who:
      1. is a Hong Kong resident with a valid Hong Kong identity card;
      2. has maintained a Daily Average Combined Balance with the Bank of the Required Minimum Amount in the calendar month immediately preceding the date at which the Customer utilizes this Protection;
      3. has, at the date of utilizing this Protection, no temporary overdraft(s) with the Bank that has remained unpaid for more than 30 consecutive days, or such number of days as may be determined by the Bank;
      4. has, at the date of utilizing this Protection, no due loan payment(s) with the Bank that has remained unpaid for more than 7 consecutive days, or such number of days as may be determined by the Bank; and
      5. satisfies the Bank's credit analysis and reviews.
    4. Upon utilizing this Protection, the Customer shall forthwith repay the Bank the temporary overdraft amount, overdraft interest and respective handling fee to reimburse the cost of this Protection, and the temporary overdraft interest rate is set out by the Bank from time to time.
  3. Daily Average Combined Balance (“Daily Average Combined Balance”)
    1. The Customer's Daily Average Combined Balance shall be calculated by the Bank in accordance with:
      1. the Customer's daily average deposit balances in all deposit accounts at the Bank held in the Customer's sole name, and in any such account at the Bank held jointly by the Customer with any other person(s); and
      2. the Customer's daily average investment balance which shall be calculated with reference to the balance in any investment account at the Bank in the Customer's sole name, and in any such account at the Bank held jointly by the Customer with any other person(s); and
      3. the value of total premium paid or cash value/policy value as provided by the relevant insurance company(ies) on a regular basis, whichever is higher, of the selected insurance plan(s) underwritten by the designated insurance company(ies) that the Customer has purchased through the Bank (excluding those insurance plan(s) underwritten by the insurance company(ies) with which the Bank has terminated the Bancassurance relationships) (“Insurance Balance”), and regarding the Insurance Balance, the relevant insurance company(ies)’s record shall prevail, the Bank takes no responsibility to its accuracy or completeness, and disclaims any liability for any loss arising from or in reliance of such Insurance Balance; less
      4. any of the Customer's temporary overdrafts that remain unpaid.
    2. For the purpose of assessing the value of total premium paid or cash value/policy value of the Customer's insurance plan as referred to in Clause 3 (a)(iii) above, the Customer hereby consents to and authorizes the Bank to obtain information/documents in relation thereto from the relevant insurance company(ies) if the Bank determines it as necessary (without prior notice to the Customer).
    3. There may be time lag before the balance of certain investment transactions and the Insurance Balance will be included in the Daily Average Combined Balance due to the processing time required and therefore may affect the Daily Average Combined Balance. In such circumstances, the Bank has the absolute sole discretion to determine the investment balance and the Insurance Balance.
  4. Fees
    1. The Customer shall pay the Bank such fees and other charges in respect of the Packaged Banking Service as the Bank may determine.
    2. If the Customer's Daily Average Combined Balance with the Bank falls below the Required Minimum Amount for 3 consecutive calendar months, the Customer shall pay the Bank a monthly maintenance fee of HKD200 (applicable to PREMIER SELECT / PREMIER BANKING) or such other fee as the Bank may determine starting from the fourth calendar month.
    3. Without prejudice to paragraph 4(a) and (b) above, if the Customer terminates the Packaged Banking Service within 6 months of joining, the Customer shall pay the Bank a handling charge of HKD500 (applicable to PREMIER SELECT / PREMIER BANKING) / HKD150 (applicable to WISE BANKING) or such other charge as the Bank may determine from time to time.
    4. The Customer hereby authorizes the Bank to debit any fees, charges, costs and sums due or payable by the Customer to the Bank, including the cost of any welcome gift (if applicable), in respect of the Packaged Banking Service from any account of the Customer maintained with the Bank.
  5. Exclusive Benefits, Special Privileges and Discounts on Services
    The Customer shall be offered exclusive benefits, special privileges and certain discounts on other services, facilities or products by the Bank as determined by the Bank from time to time (“Privileges”). The Bank reserves the right to suspend, modify or terminate any of the Privileges from time to time.
  6. PREMIER Savings Account
    1. The PREMIER Savings Account is applicable to new PREMIER SELECT / PREMIER BANKING / WISE BANKING customer who has not applied for the Packaged Banking Service (either in single name or joint names) in the past 12 months (“New Customer”).
    2. New Customer who successfully opens the PREMIER Savings Account can enjoy the Extra Bonus Interest Rate (“Extra Interest Rate”). The Extra Interest Rate will only be applicable to a designated amount (“Eligible Amount”) of deposit in the PREMIER Savings Account. For any deposit balance that exceeds the Eligible Amount, only the prevailing savings interest rate applicable to a regular HKD Statement Savings account of the Bank applies. The Eligible Amount and the Extra Interest Rate are subject to change from time to time without prior notice. Please visit the Bank’s website www.asia.ccb.com for the latest Eligible Amount and Extra Interest Rate.
    3. For any deposit balance that exceeds the Eligible Amount, the prevailing savings interest rate applicable to a regular HKD Statement Savings account of the Bank applies.
    4. If Customer terminates Packaged Banking Service, the PREMIER Savings Account will be changed to a regular HKD Statement Savings account automatically within the first calendar month following the termination of the Packaged Banking Service and the Extra Interest Rate will then cease to apply.
    5. Savings interest is paid on simple basis and monthly, and is calculated on 365 days year basis.
    6. The Bank reserves the right to suspend, modify or terminate the Extra Interest Rates from time to time without prior notice.
  7. Modification and Termination
    The Bank may modify or terminate the Packaged Banking Service, or features of the Packaged Banking Service, or these Terms and Conditions and with or without cause, without prejudice to the rights and obligations of the Customer in retaining any account or service (unless specified) which shall continue to be governed by the applicable account or service terms and conditions.
  8. Governing Version
    The English version of these Terms and Conditions is the governing version and shall prevail if there is any discrepancy between the English version and the Chinese version.

PREMIER BANKING and WISE BANKING Birthday Program (“Birthday Offer”) Terms and Conditions (“Terms and Conditions”)

  1. General Terms and Conditions:
    1. These Terms and Conditions are applicable to customer who has successfully enrolled PREMIER BANKING or WISE BANKING services provided by China Construction Bank (Asia) Corporation Limited (the “Bank”) for more than one year (“Eligible Customers”).
    2. These Terms and Conditions are effective from January 1, 2018.
    3. Pursuant to the requirements listed under section B offer below, Eligible Customer must maintain the Bank’s valid PREMIER BANKING or WISE BANKING service at the time of receiving the Birthday Offer. Otherwise, the Birthday Offer will be forfeited and will not be provided through any other means.
    4. The Bank reserves the right to suspend, modify or terminate the Program and change these Terms and Conditions at any time. In case of dispute, the decision of the Bank shall be final and binding.
    5. If there is any inconsistency or conflict between the English and Chinese versions of these Terms and Conditions, the English version shall prevail.
  2. Offer details:
    1. Eligible Customers must fulfill all the following requirements in order to be entitled to the Birthday Offer:
      1. Fulfill one of the designated credit card spending requirements (“Spending Requirements”) as defined in clause 6(b) below and/ or conduct at least one of the eligible banking services as defined in clause 6(c) below through the principal credit card / primary account via any channel (“Eligible Transactions”) within the previous 12 months counting to the third calendar month prior to the birthday month (“Eligible Transaction Period”). For example, Eligible Transaction Period is 1 February, 2018 to 31 January, 2019 if customer’s birthday on 25 April, 2019.
      2. The Spending Requirements (including retail or cash advance transactions) include:
        1. Conducting at least one credit card transaction with any CCB (Asia) Credit Card per statement cycle during the Eligible Transaction Period; and/ or
        2. With not less than HKD12,000 or equivalent accumulated amount of credit card transaction with all CCB (Asia) Credit Card(s) during the Eligible Transaction Period.
      3. Eligible Banking Services include the below transactions with total transaction amount not less than HKD15,000 or equivalent:
        1. Subscriptions under the mutual fund investment service with subscription fee equal to or higher than 1.5%; and/ or
        2. Securities Trading (including HKD or RMB denominated stocks), except the subscription through initial public offering; and/ or
        3. Bond Trading, except the bond subscription through initial public offering; and/ or
        4. FX Trading, except USD/HKD and HKD/USD transactions; and/ or
        5. FX Linked Deposit Placement, except FX Linked Deposit Placement with deposit tenor of below 14 days; and/ or
        6. FX Option Trading; and/ or
        7. FX Margin Trading, not applicable to rolled-over contracts; and/ or
        8. Currency Switching; and/ or
        9. Gold Trading; and/ or
        10. Structured Equity-Linked Product Service; and/ or
        11. Life Insurance (For each relevant policy, the 1st year’s total premium will be regarded as the transaction amount);
        If more than one account holder is involved, only the primary account holder will be eligible for the Birthday Offer.
    2. If the relevant Eligible Transactions are executed in foreign currency, prevailing exchange rate of the Bank on the transaction date or the date of calculating the aggregated transaction amount will be adopted for converting the transaction amount of the relevant Eligible Transactions from the foreign currency to HKD equivalent, which will be used to calculate the aggregated transaction amount of the Eligible Transactions and the entitlement of the Birthday Offer.
    3. The Bank reserves the right to determine the aggregated transaction amount of Eligible Transactions based on the Bank’s system record and verify the Eligible Customer’s transaction record in calculating the Eligible Customer’s eligibility of the Birthday Offer. Each Eligible Transaction shall be counted once for the Birthday Offer, in case of any dispute, the Bank’s decision shall be final and binding.
    4. Eligible Customers who have fulfilled the above criteria will receive the notification in/ before their birthday month.
    5. In no circumstances will a Customer be allowed to redeem cash by the Birthday Offer.
Risk Disclosure
Investment involves risks. The prices of investment products fluctuate, sometimes dramatically, and may become valueless. Investors should not invest based on this webpage alone. Before making any investment decision, customers must consult their own independent financial advisors and read the relevant offering documents for further details including the risk factors in order to ensure that they fully understand the risks associated with the investment products.
Securities Trading
It is as likely that losses will be incurred rather than profits made as a result of buying and selling securities.
Securities Margin Trading
If a client maintains a margin account with the Bank, the risk of loss in financing a transaction by deposit of collateral is significant. The client may sustain losses in excess of the client’s cash and any other assets deposited as collateral with the Bank. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. The client may be called upon at short notice to make additional margin deposits or interest payment. If the required margin deposits or interest payments are not made within the prescribed time, the client’s securities collateral may be liquidated without the client’s consent. Moreover, the client will remain liable for any resulting deficit in the client’s account and interest charged on the client’s account. The client should therefore carefully consider whether such a financing arrangement is suitable in light of the client’s own financial position and investment objectives.
RMB Currency Risk
RMB is subject to the PRC government's control (for example, exchange restrictions). Besides, there is no guarantee that RMB will not depreciate. If customers convert Hong Kong Dollar or any other currency into RMB so as to invest in RMB denominated investment products and subsequently convert the RMB redemption proceeds back into Hong Kong Dollar or any other currency, you may suffer a loss if RMB depreciates against Hong Kong Dollar or other currency.
Online Investment Trading Services
Due to unpredictable network traffic congestion and other reasons, the Internet and other electronic media may not be reliable media of communication and transactions conducted over the Internet and via other electronic media are subject to: (i) possible failure or delay in the transmission and receipt of instructions for any or all transactions in investment products or other information, and (ii) possible failure or delay of execution or execution at prices different from those prevailing at the time when your instructions were given. There are risks associated with the online investment trading system, including the failure of hardware and/or software, and the result of any such system failure may be that your orders are either not executed according to your instructions or are not executed at all. There are risks of interruption, distortion, omission, blackout or interception during the transmission of instructions for any or all transactions in investment products, as well as of any misunderstanding or errors in communication.
Mutual Fund Investment
The past performance of a mutual fund is not a guide to its future performance and yields are not guaranteed. Customers could lose some or all of the principal amount invested. Funds are not obligations of, or guaranteed by, the Bank or any of its affiliates. The Bank will normally be paid a commission or rebate by the fund manager.
Bond Trading/ Certificate of Deposit Trading
Trading of bond/ certificate of deposit involves liquidity risk and interest rate risk and there is no 100% guarantee of positive return but loss may be incurred. There is a risk that the bond/ certificate of deposit issuer fails to promptly pay the client the interest or principal if a credit event or default occurs on the bond/ certificate of deposit issuer. Investing in emerging markets bonds involves special consideration and higher risks, such as greater price volatility, less developed regulatory and legal framework, economic, social and political instability, etc.
Structured Equity-linked/ Notes Subscription Products
Investment in structured equity-linked/ notes subscription products involves substantial risks including market risks, liquidity risks, risks relating to changes in market conditions, counterparty risks, and the risks that the issuer(s) will be unable to satisfy its obligations under the structured equity-linked/ notes subscription products. Customers should recognize that their structured equity-linked/ notes subscription products may mature worthless. While the maximum return on a structured equity-linked/ notes subscription product is usually limited to a predetermined amount of cash, an investor stands to potentially loss up to the entire investment amount if the underlying stock price moves substantially against the investor’s view.
FX Linked Deposit
FX linked deposit is an unlisted investment product and subject to the credit and insolvency risk of the Bank. Its return is limited to the interest payable, which will be dependent on movements in some linked exchange rate. Exchange rates are affected by a wide range of factors, including international finance, economics, politics, central banks and other bodies intervention and natural events, and may rise or fall rapidly. Whilst the possible return may be higher than conventional time deposits, it is normally associated with higher risks. When the fluctuation of the linked exchange rates differs from what the customer expected, the customer may have to bear the loss. While some FX linked deposit types are principal-protected conditionally, others are not principal-protected. FX linked deposit is not the same as investing in its linked currency. It is not protected by the Investor Compensation Fund. If the FX linked deposit is approved by the Bank to be withdrawn before its maturity, the customer may also need to bear the costs involved which may reduce the return and the principal amount of FX linked deposit he may get back. There is no secondary market for the FX linked deposit and it is not collateralized. The Bank can early terminate FX linked deposit.
FX Option Trading
FX options are not principal-protected and are unlisted. There may not be an active or liquid secondary market. They are subject to the credit and insolvency risks of the Bank. If the Bank becomes insolvent or defaults on its obligations under this product, customers can only claim as an unsecured creditor of the Bank. Investing in FX options is not the same as investing in the reference currencies. FX options are not covered by the Investor Compensation Fund and may be early terminated by the Bank. The risk of loss in FX option trading can be substantial. Customers may sustain losses in excess of their initial margin funds. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. A customer may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, the customer’s position may be liquidated. The customer will remain liable for any resulting deficit in the customer’s account. Customers should therefore carefully consider whether such trading is suitable in light of their own financial position and investment objectives. The maximum potential loss for an option seller is theoretically unlimited if the market movement is unfavorable to his position. Exchange rates are affected by a wide range of factors, including international finance, economics, politics, central banks and other bodies intervention and natural events, and may rise or fall rapidly. RMB is subject to the PRC government's control (for example, exchange restrictions). Besides, there is no guarantee that RMB will not depreciate. If customers convert Hong Kong Dollar or any other currency into RMB so as to invest in RMB denominated investment products and subsequently convert the RMB redemption proceeds back into Hong Kong Dollar or any other currency, you may suffer a loss if RMB depreciates against Hong Kong Dollar or other currency. Exchange controls or other monetary measures may be imposed by a government, sometimes with little or no warning. Such measures may have a significant effect on the convertibility or transferability of a currency and may have unexpected consequences for a FX Transaction that the Customer is holding. Please refer to the risk disclosures in the specific documentation of these products before making a decision to invest using margin or leverage.
FX Margin Trading
The risk of loss in leveraged foreign exchange trading can be substantial. You may sustain losses in excess of your initial margin funds. Placing contingent orders, such as "stop loss" or "stop limit" orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position will be liquidated. You will remain liable for any resulting deficit in your account. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives. Currency exchange rates are affected by a wide range of factors, including national and international financial and economic conditions and political and natural events. The effect of normal market force may at times be countered by intervention by central banks and other bodies. At times, exchange rates, and price linked to such rates, may rise or fall rapidly. Please refer to the risk disclosures in the specific documentation of these products before making a decision to invest using margin or leverage. RMB is subject to the PRC government's control (for example, exchange restrictions). Besides, there is no guarantee that RMB will not depreciate. If customers convert Hong Kong Dollar or any other currency into RMB so as to invest in RMB denominated investment products and subsequently convert the RMB redemption proceeds back into Hong Kong Dollar or any other currency, you may suffer a loss if RMB depreciates against Hong Kong Dollar or other currency. Exchange controls or other monetary measures may be imposed by a government, sometimes with little or no warning. Such measures may have a significant effect on the convertibility or transferability of a currency and may have unexpected consequences for a FX Transaction that the Customer is holding. Please refer to the risk disclosures in the specific documentation of these products before making a decision to invest using margin or leverage.
Shanghai-Hong Kong Stock Connect/ Shenzhen-Hong Kong Stock Connect
Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are not covered by Hong Kong's Investor Compensation Fund. They involve risks of quotas used up, difference in trading day, restrictions on selling imposed by front-end monitoring, recalling of eligible stocks, and mainland market risks.
Chinese Yuan Non-Deliverable Forward
Chinese Yuan Non-Deliverable Forward (CNY NDF) is a derivative product. The investment decision is yours but you should not invest in the CNY NDF unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
Prior to investing in this product, Customer should carefully read the terms and conditions set out in the feature sheet for Renminbi Non-Deliverable Forward (“CNY NDF”) (including the Risk Disclosure Statements), together with any other terms and conditions or Customer agreements and other supplement to which the transaction may be subject. Please note that this product is not principal-protected, i.e. it does not guarantee the return of the entire amount of the principal at the end of the investment. Customer bears risk of loss should the exchange rate between CNY and USD (or other specified currencies) changes between the time the transaction is entered into and the settlement date. The risk of loss in investing in CNY NDF can be substantial. You may sustain losses in excess of your initial margin funds. Placing contingent orders such as “stop loss” or “stop limit” orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore carefully consider whether such investment is suitable in light of your own financial position and investment objectives. The CNY NDF market is not particularly liquid and the bid-and-offer spreads are sometimes probably exceptionally high. In some cases, it may be difficult for Customer to enter into a transaction or square off the positions. When investing in this product, Customer will be expected to hold the contracts till settlement date.
Non-leveraged Collateralized Foreign Exchange Trading
NOTE: Foreign exchange rates can move in favor of or against you. If they move against you to the extent that your margin deposit goes below 5% of your foreign exchange contract line of credit, we will endeavor to contact you as soon as possible to give you the option of depositing more funds or closing your position. If the Remaining Margin is less than the Margin Call Threshold Amount, then the Bank may make a margin call on the Customer by oral, telephonic or written notice. If the Bank makes a margin call, customer shall deliver to the Bank not later than 48 hours after the margin call, additional margin in the amount of the difference between the Remaining Margin and the Initial Margin Amount. If at any time the Remaining Margin is less than the Liquidation Threshold Amount, then the Bank may immediately and without notice to customer close-out and liquidate all FX Transactions (including Margin Transactions) as provided for in the Agreement and apply all margin held by the Bank against any net loss resulting from such close-out and liquidation. IMPORTANT: The risk of loss in foreign exchange trading can be substantial. You may sustain losses in excess of your initial margin funds. Placing contingent orders, such as "stop loss" or "stop limit" orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position will be liquidated without your consent. You will remain liable for any resulting deficit in your account. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives. Currency exchange rates are affected by a wide range of factors, including national and international financial and economic conditions and political and natural events. The effect of normal market force may at times be countered by intervention by central banks and other bodies. At times, exchange rates, and price linked to such rates, may rise or fall rapidly.
Currency Switching or Foreign Exchange
Currency exchange rates are affected by a wide range of factors, including national and international financial and economic conditions and political and natural events. The effect of normal market forces may at times be countered by intervention by central banks and other bodies. At times, exchange rates, and prices linked to such rates, may rise or fall rapidly.
Gold Trading
The gold market is volatile and a loss may be incurred from trading gold. Gold does not bear interest. A customer’s purchase of gold for the account does not represent a purchase of physical gold or a deposit of money. Customers will not have any interest in any gold owned or held by the Bank, or be entitled to physical delivery of gold. Although investment may bring about profit opportunities, each kind of investment tool comes with its own risks. Due to the fluctuating nature of the gold market, the gold price may rise or fall beyond customers’ expectations and the losses may substantially reduce customers’ capital invested and earnings (if any). Customers’ investments in Gold Trading are subject to the credit risk of the Bank. Before making any investment decision, customers should assess their own willingness and ability to bear risks and seek advice from independent financial advisors. Gold Trading (the “Scheme”) has been authorized by the Securities and Futures Commission (“SFC”). The SFC’s authorization of the Scheme is not an endorsement or recommendation of the Scheme nor does it guarantee the commercial merits of the Scheme or its performance. It does not mean the Scheme is suitable for all investors nor it is an endorsement of its suitability for any particular investor or class of investors.
Insurance
Customers should read and understand the details of the insurance plan(s) (including but not limited to exact terms, conditions, coverage and exclusions) before any enrollment to assure the insurance products meet their personal needs. The above information is not a contract of insurance and is for your reference only. The specific details, terms and conditions applicable to the insurance products are set out in respective insurance policies to be issued by the relevant insurance companies. Policyholders are subject to the credit risk of insurance companies. For life insurance products, an insurance plan may comprise a savings element. Part of the premium pays for the insurance and related costs. If a customer is not happy with the customer’s policy, the customer has a right to cancel it within the cooling off period and obtain a refund of any premiums paid. A written notice signed by the customer should be received by the insurer's Hong Kong Main Office within the cooling off period (that is, 21 days after the delivery of the policy or issue of a notice (informing the customer/ the customer’s representative about the availability of the policy and expiry date of the cooling off period), whichever is the earlier). After the expiration of the cooling off period, if the customer cancels the policy before the end of the term, the projected total cash value may be less than the total premium the customer have paid.
Disclaimer
The Bank is an authorized distributor / an agent of the relevant product issuer(s) and the concerned products are products of such product issuer but not the Bank; and in respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the product should be resolved between directly between the relevant product issuer(s) and the customer. This webpage does not constitute advice to buy or sell, or an offer with respect to any investment or insurance products. This webpage, the FX linked deposits and FX options abovementioned are issued by China Construction Bank (Asia) Corporation Limited which is a licensed bank regulated by the Hong Kong Monetary Authority, an approved insurance agent under the Insurance Companies Ordinance and a Registered Institution (CE No. AAC155) under the Securities and Futures Ordinance to carry on Type 1 (Dealing in Securities) and Type 4 (Advising on Securities) Regulated Activities. This webpage has not been reviewed by any regulatory authorities in Hong Kong.
To Borrow or not to borrow? Borrow only if you can repay!