Packaged Banking Upgrade Program

Upgrade for a Wider Perspective
Enjoy up to HK$8,850 Exclusive Privileges
and up to 1.00% Savings Interest Rate (p.a.)

Important Notes:
  1. Investment involves risk, prices of investment product may go up as well as down, and may become valueless.
  2. Some mutual funds and bonds may involve derivatives. Structured equity-linked products and FX linked deposits are structured products involving derivatives. 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.
  3. Insurance products and Investment products including FX linked deposits 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 are not principal-protected while some FX Linked Deposits are principal-protected conditionally.
  4. You should obtain independent professional financial, tax or legal advice before making any investment decision.
CCB (Asia) understands your different needs and brings you a wide range of privileged banking services and exciting upgrade offers. From now until February 28, 2021, existing customers who successfully upgrade and become a new Packaged Banking customer1, and fulfill the designated requirements2, can enjoy up to HK$8,850 cash reward. What’s more, you can also enjoy up to 1.00% Savings Interest Rate (p.a.) by opening a Step Up Savings Account! Simply upgrade now to enjoy a wider perspective on your financial management!

Privilege 1

Up to HK$2,000 Upgrade Offer
Packaged Banking Service Daily Average Combined Balance
(HK$ or equivalent)
Cash Reward
PREMIER SELECT HK$5,000,000 or above* HK$2,000
PREMIER BANKING HK$1,000,000 or above* HK$800
WISE BANKING HK$500,000 or above HK$300
HK$100,000 to below HK$500,000 HK$100
* For Eligible Customer who holds a valid Home Mortgage Loan with the Bank during the Promotion Period and reaching designated loan drawdown amount, he/she can upgrade to PREMIER SELECT or PREMIER BANKING services at one of the consumer branches of the Bank with the Discounted Daily Average Combined Balance and enjoy the Upgrade Offers upon fulfilling other requirements. For details, please refer to terms and conditions Clause 13.3.
Extra HK$100 Online Upgrade Offer
You can now upgrade online anytime, anywhere with a few simple steps and enjoy an extra HK$100 cash reward for your online upgrade#!
# Existing customers are required to meet the relevant Daily Average Combined Balance requirement of the Packaged Banking service in order to enjoy the online upgrade service.

Privilege 2

Up to HK$6,000 Usage Offer
Aggregated Transaction Amount of Eligible New Transactions3 within 3 calendar months after the month of upgrade (HK$ or equivalent) Cash Reward
HK$600,000 or above Extra 3x Cash Reward of Upgrade Offer
HK$200,000 to below HK$600,000 Extra 1x Cash Reward of Upgrade Offer

Privilege 3

Up to HK$750 Extra Offers
Direct Debit Authorization Offer
Direct Debit Authorization Offer
For added convenience and to avoid any late payment charges, set up Direct Debit Authorization and enjoy up to HK$500 cash
reward4
Credit Card Offer
Credit Card Offer
Successfully apply for any credit card with our Bank to enjoy HK$100 cash
reward5
New eStatement Offer
New eStatement Offer
Set up a new eStatement service through online banking to enjoy HK$50 cash
reward6
FPS Offer
FPS Offer
Enjoy HK$100 cash reward7 upon first-time successful registration to FPS Addressing Service and set CCB (Asia) account as “Default Recipient Bank”, as well as completing designated transfer transactions

Privilege 4

Step Up Savings Account

Step Up Savings Account - Preferential Interest Rate of up to 1.00% p.a.8

Eligible Customer who successfully opens a Step Up Savings Account, enrolls for the offer and deposits new fund within the deposit open period will be entitled to:

Preferential Interest Rates (p.a.)
Currency Offer Period 1st month 2nd month 3rd month 4th month
HKD (Minimum deposit amount HKD100,000) 0.20% 0.30% 0.50% 1.00%
USD (Minimum deposit amount USD15,000) 0.20% 0.30% 0.50% 1.00%
RMB (Minimum deposit amount RMB100,000) 1.00% 1.50% 2.00% 2.50%
How to earn as much as up to HK$8,850 cash reward?
Example - If an Eligible Customer upgrades via Online Banking and becomes a PREMIER SELECT customer during the Promotion Period, conducts Eligible New Transactions of HK$800,000 during the Eligible Transaction Period, and applies for/completes designated banking services, he/she can enjoy:
Upgrade Offer
HK$2,000
+
Online Upgrade Offer
HK$100
+
Usage Offer
HK$2,000 x 3
+
Apply for / Complete
designated banking services
HK$750

=
Total Cash Reward
HK$8,850

Exclusive Privilege for PREMIER SELECT Customers

PREMIER SELECT customers can enjoy a preferential brokerage commission at 0.1% for buy and sell eligible securities transactions via automated channels9. You can also enjoy “Bonus Points Reward Program” to earn bonus points for your transactions at the same time!
Remarks:
  1. New Packaged Banking customers refers to existing customers who have not joined the upgraded Packaged Banking or a higher class of Packaged Banking in the previous 12 months prior to the date of the service upgrade.
  2. Eligible customers are required to fulfill other requirements, including but not limited to: sign up/maintain Online Banking and login at least one time; or apply for/maintain a UnionPay Dual Currency Debit Card and use the card at least one time; and open/maintain a designated account (securities trading account / FX linked deposit account / mutual fund investment account); and maintain an Average Account Balance of HK$80,000 or above in Savings/Checking account and/or any investment account at the Bank during the Designated Deposit Period. Please refer to the terms and conditions of this program for more details.
  3. Eligible New Transactions include Mutual Fund Investment Services / Bond Trading Services / Structured Equity-Linked Product Services / FX Linked Deposit Services / FX Margin Trading Services / Life Insurance Services / Currency Switching Services / Non-leveraged Collateralized Foreign Exchange Trading Services. This Usage Offer is not applicable to eligible Packaged Banking customers who have joined “New Customer Promotion” or “Packaged Banking Upgrade Program” in the past 6 months.
  4. Eligible customers are required to successfully set up a new Direct Debit Authorization Payment Service through our Bank and successfully conduct a transaction within 2 months after setting up the instruction.
  5. This offer is not applicable to customers who have previously held or cancelled any principal credit card with the Bank at least 6 months prior to the new credit card application. Each eligible customer can enjoy this offer once only regardless of the number of applications made.
  6. Eligible customers are required to successfully set up new eStatement for account(s) (excluding cancelled and/or unsuccessful transactions) via Online Banking and/or Mobile Banking within 3 months after the month of upgrade.
  7. For more details and terms and conditions, please refer to “Faster Payment System Promotion” website at www.asia.ccb.com/fps/en.
  8. The Preferential Interest Rate is quoted as of December 15, 2020 and is for reference only and subject to change from time to time without prior notice. For offer details, please contact our staff or refer to the promotion website at www.asia.ccb.com/hk/stepup/en.
  9. PREMIER SELECT customers can enjoy this preferential brokerage commission to buy and sell securities transactions conducted via automated channels from now until December 31, 2021. For offer details, please contact our staff or refer to the promotion website at www.asia.ccb.com/hk/psse/en.
The above promotional offers and services are bound by the related terms and conditions.
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Terms & Conditions

Promotion Terms and Conditions for Packaged Banking Upgrade Program (the “Program”)

A. General Terms and Conditions
1. The promotion period is from January 1, 2021 to February 28, 2021, both dates inclusive (“Promotion Period”).
2. Unless otherwise indicated, the Program is only applicable to the New Packaged Banking Customer who joins PREMIER SELECT/ PREMIER BANKING/ WISE BANKING (“Packaged Banking”) or upgrades their Packaged Banking to other types of Packaged Banking with China Construction Bank (Asia) Corporation Limited (the “Bank”) during the Promotion Period. New Packaged Banking Customer refers to customer who has joined the Bank on or before December 31, 2020 and has not joined the upgraded Packaged Banking or the more superior class of Packaged Banking with the Bank in the past 12 months before the date of joining this Program (“New Packaged Banking Customer”) (“Eligible Customer”).
3. The required minimum amount of the Daily Average Combined Balance for Packaged Banking is
  1. HK$5,000,000 or equivalent for PREMIER SELECT;
  2. HK$1,000,000 or equivalent for PREMIER BANKING;
  3. HK$100,000 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. “Daily Average Combined Balance”
4.1 The Eligible Customer’s Daily Average Combined Balance shall be calculated by the Bank in accordance with:
  1. the Eligible Customer’s daily average deposit balances in all deposit accounts at the Bank held in the Eligible Customer’s sole name, and in any such account at the Bank held jointly by the Eligible Customer with any other person(s); and
  2. the Eligible Customer’s daily average investment balance which shall be calculated with reference to the balance in any investment account at the Bank in the Eligible Customer’s sole name, and in any such account at the Bank held jointly by the Eligible 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 Eligible 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 Eligible Customer’s temporary overdrafts that remain unpaid.
4.2 For the purpose of assessing the value of total premium paid or cash value/policy value of the Eligible Customer’s insurance plan as referred to in Clause 4.1(i) above, the Eligible 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 Eligible Customer).
4.3 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.
5. An Eligible Customer will be entitled to the offer(s) as specified under Section B below only once during the Promotion Period; if more than one account holder is involved in the sign up, only the primary account holder will be eligible for the Upgrade Offer.
6. If an Eligible Customer is entitled to the offer(s) below in conjunction with other promotional offers (including but not limited to the offers under Sky Centre Promotion), the Bank reserves the right to grant partial or all of offers entitled by the Customer.
7. Pursuant to the requirements listed under Section B below, Eligible Customer must maintain as the Bank’s valid Packaged Banking customer and fulfill the requirements (as defined in Clause 13 below) of relevant banking products and services (if applicable) at the time of receipt of the relevant offer(s). Otherwise, the reward will be forfeited absolutely and will not be provided to the Eligible Customer through any other means.
8. If an Eligible Customer terminates the Packaged Banking service within 6 months of joining, the Customer shall pay the Bank a handling charge of HK$500 (applicable to PREMIER SELECT/ PREMIER BANKING)/ HK$150 (applicable to WISE BANKING) or such other charge as the Bank may determine from time to time. For details, please refer to the Terms and Conditions for China Construction Bank (Asia) PREMIER SELECT/ PREMIER BANKING/ WISE BANKING Service.
9. The Bank reserves the right to suspend, modify or terminate any of the offer(s) or the Program and change these Terms and Conditions at any time.
10. Eligible Customer is also bound by the terms and conditions stated in the “Terms and Conditions for Accounts and Related Services (For Individuals)”, “Terms and Conditions for Accounts and Related Services (For Commercial Customers)”, “Terms and Conditions for China Construction Bank (Asia) PREMIER SELECT/ PREMIER BANKING/ WISE BANKING Service” (if applicable) (collectively refer as “Terms and Conditions for Accounts”) and “Terms and Conditions for Investment Services”. For this promotion, in the event of any inconsistency between these Terms and Conditions and the Terms and Conditions for Accounts, the Terms and Conditions of this Program shall prevail.
11. The Program is not applicable to the Capital Investment Entrant Scheme customers, commercial customers and Private Banking customers of the Bank.
12. In case of any inconsistency between English and Chinese versions of these Terms and Conditions, the English version shall prevail. In case of dispute, the decision of the Bank shall be final and conclusive.
B. Offers Details
13. Upgrade Offer (“Upgrade Offer”)
13.1 Eligible Customer must fulfill below conditions in order to be entitled to the Upgrade Offer:
  1. Become a PREMIER SELECT, PREMIER BANKING, WISE BANKING customer of the Bank during the Promotion Period; and
    1. Register for the Online Banking Service of the Bank and logon to Online Banking successfully for at least once within 2 calendar months after the month of successful upgrade; or/and
    2. Apply for a UnionPay Dual Currency Debit Card issued by the Bank (“the Card”) and use the Card for at least once within 2 calendar months after the month of successful upgrade; and
  2. Open a securities trading account or a FX linked deposit account or a mutual fund investment account successfully within 2 calendar months after the month of successful upgrade; and
  3. Maintain the Daily Average Combined Balance as set out in the table under Clause 13.2 or 13.3 (if applicable) for 6 calendar months after the month of successful upgrade (“Designated Deposit Period”); and
  4. Maintain Average Account Balance of HK$80,000 or above in HKD Savings/Checking account and/or any investment account at the Bank (Eligible Customer must be the primary account holder for joint name account) (“Designated Account”) during the Designated Deposit Period.
    Average Account Balance” refers to the average balance calculated from the daily account balance (excluding the balance in the decimal places in an individual account) of Eligible Customer’s Designated Account held with the Bank within the Designated Deposit Period, less any of the Eligible Customer’s temporary overdrafts that remain unpaid. The Bank reserves the right to calculate the Average Account Balance based on the Bank’s system record.
13.2 The Daily Average Combined Balance requirements and the corresponding Upgrade Offers are as follows:
Packaged Banking Daily Average Combined Balance
(HK$ or equivalent)
Cash Reward
PREMIER SELECT HK$5,000,000 or above HK$2,000
PREMIER BANKING HK$1,000,000 or above HK$800
WISE BANKING HK$500,000 or above HK$300
HK$100,000 to below HK$500,000 HK$100
13.3 For Home Mortgage Loan customers only:
For Eligible Customer who holds a valid Home Mortgage Loan with the Bank during the Promotion Period and reaching designated loan drawdown amount, he/she can upgrade to PREMIER SELECT or PREMIER BANKING services at one of the consumer branches of the Bank with a discounted Daily Average Combined Balance (“Discounted Daily Average Combined Balance”) and enjoy the Upgrade Offers upon fulfilling the requirements listed in Clause 13.1. The Discounted Daily Average Combined Balance requirements and the corresponding Upgrade Offers are as follows:
Packaged Banking Home Mortgage Loan Drawdown Amount
(HK$ or equivalent)
Discounted Daily Average Combined Balance
(HK$ or equivalent)
Cash Reward
PREMIER SELECT HK$2,500,000 or above HK$2,500,000 or above HK$2,000
PREMIER BANKING HK$2,000,000 or above HK$500,000 or above HK$800
WISE BANKING Not applicable
13.4 The cash reward will be credited directly to an Eligible Customer’s settlement account of Packaged Banking or his/her valid HKD Savings/Checking account opened most recently with the Bank on or before October 31, 2021. The Eligible Customer must also fulfill the conditions of the Program, maintain a valid Packaged Banking status and maintain valid Online Banking Service or UnionPay Dual Currency Debit Card, Designated Accounts/Services and Home Mortgage Loan (if applicable) at the time of receiving the cash reward.
14. Usage Offer for New Transactions under Designated Services (“Usage Offer”)
14.1 The Usage Offer is applicable to Eligible Customers who have fulfilled the requirements of Upgrade Offer listed in Clause 13.
14.2 Cash reward will be available to an Eligible Customer who has placed and completed any one or more of the eligible new transactions as defined in Clause 14.3 (“Eligible New Transaction”) within 3 calendar months after the month of successful upgrade (“Eligible Transaction Period”) and fulfills an aggregated transaction amount as set out in below. This Usage Offer is not applicable to eligible Packaged Banking customers who have joined “New Customer Promotion” or “Packaged Banking Upgrade Program” in the past 6 months.
Aggregated Transaction Amount of Eligible New Transactions
(HK$ or equivalent)
Cash Reward
HK$600,000 or above Extra 3 times of Cash Reward of Upgrade Offer
HK$200,000 to below HK$600,000 Extra 1 time of Cash Reward of Upgrade Offer
14.3 Eligible New Transactions must be settled within Eligible Transaction Period and definitions of Eligible New Transactions are:
  1. New subscriptions under the mutual fund investment service with subscription fee equal to or higher than 1.5%; and/or
  2. New transactions under the bond trading service (except the bond subscription through initial public offering); and/or
  3. New transactions under the structured equity-linked product service; and/or
  4. New transactions under the FX linked deposit service (for each relevant deposit, the deposit principal will be regarded as the transaction amount); and/or
  5. New transactions under the life insurance service - newly purchased life insurance policies issued during the Promotion Period (including the life insurance products which are distributed by the Bank and issued by AIA International Limited (Incorporated in Bermuda with limited liability) (“AIA”) or FWD Life Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability) (“FWD”) only) (for each relevant policy, the 1st year’s total premium will be regarded as the transaction amount); and/or
  6. New transactions under the currency switching service; and/or
  7. New transactions under the FX margin trading service; and/or
  8. New transactions under the non-leveraged collateralized foreign exchange trading service.
For example, an Eligible Customer upgrades and becomes a PREMIER Select customer of the Bank during the Promotion Period, and takes up certain Eligible New Transactions of HK$800,000 during the Eligible Transaction Period, he/she can enjoy Usage Offer of HK$6,000 cash reward. He/she can enjoy a total of HK$8,000 Cash Reward.
Upgrade Offer + Usage Offer
(Multiplied Reward of Upgrade Offer)
+ Total Cash Reward
HK$2,000 Cash Reward HK$2,000 x 3 times (i.e. HK$6,000 Cash Reward) HK$8,000 Cash Reward
For the purpose of the Usage Offer, the calculation of the Eligible New Transactions amount will be based on transaction amount made on the date of transaction and the aggregated transaction amount will be based on the requirements as set out in the table of Clause 14.2. The above insurance products are issued and underwritten by AIA or FWD, AIA and FWD will be responsible for providing insurance cover and handling claims under their respective policies. AIA and FWD are authorized and regulated by Insurance Authority to carry out life insurance business in Hong Kong. The Bank is a distributor and is not an issuer of any insurance products.
14.4 The calculation of the Eligible New Transactions will be calculated in Hong Kong dollar. If the relevant Eligible New Transactions are executed in foreign currency, the prevailing exchange rate as quoted by the Bank on the date as determined by the Bank will be adopted for the aggregated transaction amount for converting from the foreign currency to HKD equivalent, which will be used to calculate the aggregated transaction amount of the Eligible New Transactions.
14.5 If the calculation of the transaction amount of Eligible New Transactions includes any newly issued life insurance policy, such polic(ies) should remain in force at the time of receipt of Usage Offer. Otherwise, the related cash reward of Usage Offer will be forfeited absolutely and will not be provided to the Eligible Customer.
14.6 Cash reward under the Usage Offer will be credited to an Eligible Customer’s relevant settlement account associated with Packaged Banking or his/her valid HKD Checking/Savings account opened most recently on or before October 31, 2021.
14.7 The Bank reserves the right to determine the aggregated transaction amount of Eligible New 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 Usage Offer. Each Eligible New Transaction shall be counted once for the Usage Offer. In case of any dispute, the Bank’s decision shall be final and binding.
15. Packaged Banking Online Upgrade Offer (“Online Upgrade Offer”)
15.1 An Eligible Customer who successfully upgrades and becomes a new PREMIER SELECT / PREMIER BANKING / WISE BANKING customer via Online Banking or Mobile Banking service during the Promotion Period will be entitled to HK$100 cash reward.
15.2 Each Eligible Customer will be only entitled to the Online Upgrade Offer once only, disregard of the number of times of successful upgrade.
15.3 Cash reward will be credited to Eligible Customer’s settlement account for Packaged Banking or a valid HKD Savings or Checking account opened most recently on or before October 31, 2021.
15.4 Eligible Customer’s upgraded Packaged Banking service status must remain valid at the time of receipt of the cash reward. Otherwise, the cash reward will be forfeited absolutely and will not be provided to the Eligible Customer through any other means.
15.5 The Bank reserves the right to determine the Eligible Customer’s eligibility of the Online Upgrade Offer according to the Bank’s system record. In case of any dispute, the Bank’s decision shall be final and binding.
16. Direct Debit Authorization Offer (“DDA Offer”)
16.1 An Eligible Customer who opens/maintains a HKD Savings/Checking account with the Bank and successfully sets up 2 new Direct Debit Authorization Payment Services (“DDA”) (only applicable to the DDA in HKD) from his/her HKD Savings/Checking account with the Bank during the Promotion Period and has at least 1 DDA transaction successfully conducted within 2 months after setting up the DDA will be entitled to HK$500 cash reward. Eligible Customer will be entitled to HK$200 cash reward only if Eligible Customer sets up 1 DDA.
16.2 Each Eligible Customer can enjoy a maximum amount of HK$500 cash reward during the Promotion Period.
16.3 Eligible Customer’s relevant DDA must remain valid at the time of receipt of DDA Offer. Otherwise, the reward under the DDA Offer will be forfeited absolutely and will not be provided to the Eligible Customer through any other means.
16.4 Cash reward will be credited to Eligible Customer’s settlement account for Packaged Banking or a valid HKD Savings/Checking account opened most recently on or before October 31, 2021.
17. Credit Card Application Offer (“Credit Card Offer”)
17.1 An Eligible Customer who applies for any principal credit card issued by the Bank (“Credit Card”) during the Promotion Period (“New Card Application”), and provides all necessary documents for that New Card Application, will be entitled to HK$100 cash reward.
17.2 This offer is not applicable to Eligible Customer who holds or cancels any principal Credit Card issued by the Bank in the past 6 months before submitting the New Card Application. Regardless of the number of New Card Application submitted during the Promotion Period, each Eligible Customer can only enjoy the Credit Card Offer once.
17.3 Cash reward will be credited to Eligible Customer’s settlement account for Packaged Banking or a valid HKD Savings or Checking account opened most recently on or before October 31, 2021.
17.4 Your eligibility for the Credit Card Offer is subject to our checking on your Card account status and your Card account(s) remaining valid and in good standing (as determined at our discretion) throughout the Promotion Period and at the time when the cash rebate is credited.
18. New eStatement Offer (“eStatement Offer”)
18.1 Eligible Customer who has successfully set up new eStatement for account (excluding cancelled and/or unsuccessful instruction) via Online Banking and/or Mobile Banking within 3 calendar months after the month of successful upgrade will be entitled to HK$50 cash reward.
18.2 Eligible Customer’s relevant eStatement set up status must remain valid at the time of receipt of the cash reward. Otherwise, the cash reward will be forfeited absolutely and will not be provided to the Eligible Customer through any other means.
18.3 Cash reward will be credited to Eligible Customer’s settlement account for Packaged Banking or a valid HKD Savings/Checking account opened most recently on or before October 31, 2021.
19. Faster Payment System Offer
For more details and terms and conditions, please refer to “Faster Payment System Promotion” website at www.asia.ccb.com/fps/en.
20. Step Up Savings Account Offer (“Step Up Offer”)
For more details and terms and conditions, please refer to “Step Up Savings Account Offer” website at www.asia.ccb.com/hk/stepup/en.
Risk Disclosure
Investment involves risks. The prices of investment products fluctuate, sometimes dramatically, and may become valueless. Investors should not invest based on this promotion material alone. Before making any investment decision, customers should consult their own independent professional financial, tax or legal 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.

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
Trading of bond involves liquidity risk and interest rate risk and there is no 100% guarantee of positive return but loss may be incurred. There are risks that the bond issuer will be unable to promptly pay the client the interest or principal if a credit event or default occurs on the bond 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 products
Investment in structured equity-linked products involves substantial risks including, among others, 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 products. Customers should recognize that their structured equity-linked products may mature worthless. While the maximum return on a structured equity-linked 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, among others, 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. The 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 the 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 the FX linked deposit.

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, among others, 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.

Non-leveraged Collateralized Foreign Exchange Trading
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, among others, 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.

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. Specific details, terms and conditions applicable to 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 and any levy 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 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.

Currency switching
Currency exchange rates are affected by a wide range of factors, including, among others, 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.

RMB Currency Risk
RMB is currently not freely convertible and is subject to exchange controls and restrictions (which are subject to changes from time to time without notice). You should consider and understand the possible impact on your liquidity of RMB funds in advance. The fluctuation in the exchange rate of RMB may result in losses in the event that you convert RMB into other currencies.

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.

Disclaimer
This promotion material does not constitute advice to buy or sell, or an offer with respect to any investment or insurance products. This promotion material and the FX linked deposits 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 promotion material has not been reviewed by any regulatory authorities in Hong Kong.

The Bank is an agent of the insurance companies. The insurance products are that of the insurance companies but not the Bank. In the event 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 products should be resolved between the insurance companies and the customer directly.