Wealth Management Multiple Rewards
Chance to Win Europe/America Business Class Round-Trip Flight Tickets for Two, Enjoy Up to HK$26,500 Cash Rewards and
7.8% p.a. New Fund Time Deposit Interest Rate
Enjoy multiple rewards for wealth management!
During the promotion period, eligible customers1 who successfully complete designated wealth management missions and fulfill designated requirements will have a chance to win Europe/America business class round-trip flight tickets for two and other fabulous prizes! What’s more, you can also enjoy up to HK$26,500 cash rewards and a 7.8% p.a. new fund time deposit interest rate by completing transactions for relevant investment products! Seize the opportunity to boost your wealth with fabulous rewards!
Complete the following designated mission(s) to earn lucky draw entries for a chance to win fabulous prizes and embark on your dream journey! There is no limit on the number of lucky draw chances you can enter. The more missions you complete, the higher your chances of winning3!
Prizes Over 100 Quotas
| Prizes | Quota | |
| Grand Prize | Europe/America Business Class Round-Trip Flight Tickets for Two (valued at HK$150,000) | 1 Winner |
| 2nd Prize | Asia Business Class Round-Trip Flight Tickets for Two (valued at HK$60,000) | 1 Winner |
| 3rd Prize | Cruise Coupons (valued at HK$30,000) | 1 Winner |
| 4th Prize | Mandarin Oriental Gift Card (valued at HK$5,000) | 5 Winners |
| 5th Prize | 1 Year Travel Insurance4 (valued at HK$1,750) | 5 Winners |
| 6th Prize | Mandarin Oriental Gift Card (valued at HK$1,000) | 25 Winners |
| Cash Prize | JPY 10,000 Cash Reward | 20 Winners |
| AUD 100 Cash Reward | 20 Winners | |
| GBP 50 Cash Reward | 20 Winners | |
| EUR 50 Cash Reward | 20 Winners | |
Complete Designated Missions for Lucky Draw Chances
| Designated Missions | Lucky Draw Chance | |
| Investment product transaction | Every completed FX Linked Deposit, Mutual Fund5, Structured Investment Product and/or Bond transaction with the aggregated cumulative transaction amount reaching HK$500,000 equivalent. | 1 |
| Successful application for life |
Every successful application for life insurance Single Pay Products in the cumulative first year premium amount6 of HK$500,000 equivalent | 1 |
| Every successful application for life insurance Regular Pay Products in the cumulative first year premium amount6 of HK$100,000 equivalent | 1 | |
 Bonus Missions* |
||
| New customer7 | Become the Bank’s customer within the Promotion Period7 | 1 |
| Investment account opening | Open a new Structured Deposit (FX Linked Deposit) |
1 |
| Open a new Mutual Fund Investment |
1 | |
| Open a new Structured Investment Product |
1 | |
| Open a new Bond Trading |
1 | |
| Mutual Fund transfer-in | Successfully transfer-in eligible Mutual Funds in the cumulative amount of HK$100,000 equivalent or above | 1 |
*Must complete one or more Designated Mission(s) to be entitled to enjoy additional lucky draw chances by completing the Bonus Missions.
Investment Products Transaction Up to HK$26,500 Cash Rewards9
Mutual Fund / Bond Transaction Rewards Up to HK$21,500
Eligible Investment Products Customers10 who have completed transactions of Mutual Fund and/or Bond reaching the designated aggregated amount can enjoy up to HK$15,000 cash reward!
| Mutual Fund/ Bond Aggregated Transaction Amount (HKD or equivalent) |
Cash Reward |
| HK$4,000,000 or above | HK$15,000 |
| HK$2,500,000 to below HK$4,000,000 | HK$5,000 |
| HK$500,000 to below HK$2,500,000 | HK$1,000 |
| HK$200,000 to below HK$500,000 | HK$400 |
Extra Reward – Mutual Fund
Eligible Mutual Fund customers11 can enjoy 0% subscription fee on the first eligible online Mutual Fund subscription made via Online Banking or Mobile Banking and the cap of the subscription fee reduction is HK$6,000!
Note: This offer applies exclusively to the first online mutual fund subscription and is not applicable to i) mutual fund subscription with net subscription fee below 1.5%, ii) mutual fund switching, iii) mutual fund transfer-in and vi) Regular Mutual Fund Investment Plan.
Extra Reward – Bond
New customers12 completing eligible Bond transaction(s) can enjoy an extra cash reward of HK$500!
Note: The offer only applies to eligible Bond transaction(s) with a minimum transaction value of HK$200,000.
FX Linked Deposit - High Yield Deposit Transaction Reward Up to HK$5,000
Eligible High Yield Deposit Customers13 can enjoy HK$500 cash reward for every accumulated FX Linked Deposit – High Yield Deposit transaction at the amount of HK$500,000 equivalent, with a maximum of HK$5,000 cash reward!
Calculation Example
Customer: An existing CCB (Asia) customer who opens new Mutual Fund account during the Promotion Period
Transaction: First time Mutual Fund subscription of HK$300,000 via Online Banking and the net subscription fee is 1.5%
| Mutual Fund Transaction Reward
HK$400 |
 |
Extra Reward – Mutual Fund
HK$300,000 x 1.5% = HK$4,500 |
 |
Total Rewards
HK$400 + HK$4,500 |
Customer: A new CCB (Asia) customer who opens new Mutual Fund account during the Promotion Period
Transaction:
- First time Mutual Fund subscription of HK$4,000,000 via Online Banking and the net subscription fee is 1.5%
- Placing FX Linked Deposit – High Yield Deposit with HK$1,000,000
| Mutual Fund Transaction Reward
HK$15,000 |
|
Extra Reward – Mutual Fund
HK$4,000,000 x 1.5% = HK$60,000 (maximum HK$6,000) |
|
FX Linked Deposit – High Yield Deposit Transaction Reward
HK$500 x 2 |
|
Total Rewards
HK$15,000 + HK$6,000 + HK$1,000 |
New Fund Time Deposit 7.8% p.a.
Interest Rate9
Interest Rate9
Customers who succesfully complete one or more eligible investment product transaction with aggregrated amount of HK$300,000 equivalent or above, can enjoy the following time deposit offer with new funds by visiting our branches or via phone call within 14 calendar days from the date of the first eligible investment product transaction14:
| Eligible Investment Product Transaction | Designated Currency | Tenor | Time Deposit Interest Rate (p.a.) Offer |
|
HKD | 7.8% | |
| USD | |||
| RMB |
Act Now
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New PREMIER BANKING customers can enjoy welcome rewards of over $13,380 - Up to 6.88% p.a. Time Deposit Interest Rate, worth HK$1,800 of Tracker Fund Stock Reward and a Limited Edition 999 Pure Gold Plate15! Learn More
Log in to Mobile Banking / Online Banking now!
Existing investment customers can log in to Mobile Banking / Online Banking now for Mutual Fund and/or FX Linked Deposit – High Yield Deposit transactions!
Don't have an investment account yet?
Log in instantly to Mobile Banking with your mobile phone and open a Mutual Fund Account and/or a FX Linked Deposit Account with just a few easy steps. This will help you seize market opportunities around the clock!
Remarks:
- For the definition of eligible customer for each offer, please refer to the following terms and conditions.
- The promotion period of Wealth Journey Lucky Draw is from May 1, 2026 to July 31, 2026.
- There is no limit on the number of lucky draw chances for each eligible customer. Each eligible customer can entitle to 1 prize only.
- 1 Year Travel Insurance coverage period and plan shall be determined at the sole discretion of the Bank. The insured person must be the winners themselves. With regard to the travel insurance, relevant insurance product is the product of the designated insurance company but not the Bank. Any disputes concerning the contractual terms of such travel insurance shall be resolved directly between the designated insurance company and the insured person. The value of the 1 Year Travel Insurance may be adjusted based on factors such as the designated insurance company's policies, the age of the insured person, or other relevant considerations. The above stated value is provided for reference only.
- Mutual Fund transaction includes new subscriptions or switching under the Mutual Fund Investment Service only, excluding Regular Mutual Fund Investment Plan and redemption.
- From May 1, 2026 to July 31, 2026, eligible customers who have successfully applied for designated basic life insurance plans with the relevant policy issued before August 17, 2026. The First Year Premium Amount does not include the levy and only the net premium payment after discount will be calculated. Regular Pay Products include the regular pay products which are settled in pre-paid option.
- New customers of Wealth Journey Lucky Draw are defined as customers who become the Bank’s customers within the Promotion Period and have neither maintained any accounts in sole name or joint name nor used any of the Bank’s banking products or services (excluding credit card accounts and Wealth Management Connect “Southbound Scheme” accounts) during May 1, 2025 to April 30, 2026 (both dates inclusive).
- Newly open the Structured Deposit (FX Linked Deposit) account, Mutual Fund Investment account, Structured Investment Product account and/ or Bond Trading account within the Promotion Period, and do not hold respective investment account(s) with the Bank from May 1, 2025 to April 30, 2026 (both dates inclusive).
- The promotion period of Investment Products Transaction Offers and Time Deposit Offer is from April 1, 2026 to June 30, 2026.
- Investment Products Transaction Offers - Mutual Fund/ Bond Transaction Reward is only applicable to Eligible Customers who have not placed and settled any transactions for (i) Mutual Fund (including mutual fund subscription, mutual fund switching and Regular Mutual Fund Investment Plan) and (ii) Bond from October 1, 2025 to March 31, 2026 (both dates inclusive); and do not have any (i) Mutual Fund and (ii) Bond held based on the Bank’s record as of March 31, 2026 (“Eligible Investment Products Customers”).
- Eligible Mutual Fund customers of Investment Products Transaction Offers are defined as customers who open Mutual Fund Accounts within the Promotion Period and do not hold any Mutual Fund Accounts with the Bank on March 31, 2026; or opened Mutual Fund Accounts within April 1, 2025 to March 31, 2026 (both dates inclusive), and have not placed and settled any Mutual Fund transactions (including mutual fund subscription, mutual fund switching and Regular Mutual Fund Investment Plan) during this period.
- New customers of Investment Products Transaction Offers are defined as customers who become the Bank’s customers within the Promotion Period and have neither maintained any accounts in sole name or joint name nor used any of the Bank’s banking products or services (excluding credit card accounts and Wealth Management Connect “Southbound Scheme” accounts) during April 1, 2025 to March 31, 2026.
- Investment Products Transaction Offers - FX Linked Deposit - High Yield Deposit Transaction Reward is only applicable to Eligible Customers who have not placed any FX Linked Deposit - High Yield Deposit in any form via the Bank from October 1, 2025 to March 31, 2026 (both dates inclusive) (“Eligible High Yield Deposit Customers”).
- Time Deposit Offer is only applicable to personal customers of Personal Banking, Private Wealth and Private Banking of the Bank, but not applicable to Commercial Banking customers, corporate customers, investors participated in the Cross-boundary Wealth Management Connect Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area of the Bank and Capital Investment Entrant Scheme customers of the Bank. Eligible Investment Product Transaction includes: a) Subscriptions or switching under the Mutual Fund Investment Service with net subscription or switching fee equal to or higher than 1%; and/or b) Structured Investment Product subscriptions with monetary benefit 1% of the investment amount or more; and/or c) New subscriptions under the Bond Investment Service (except the bond subscription through initial public offering) and only applicable to new transactions where the Bank’s monetary benefit 1% of the investment amount or more. Please refer to the “Terms and Conditions for Time Deposit Offer” below for details.
- For more details, please refer to the relevant website at www.asia.ccb.com/hk/newcif/en.
The above offers and services are bound by related terms and conditions, please refer to the following items and conditions or the promotion pages for respective products and services.
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Risk Disclosure
Investment involves risks. The prices of investment products fluctuate, sometimes dramatically, and may become valueless. Investment products 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 investment products may involve derivatives. Certain investment products may not be available in all jurisdictions and/or may be subject to restrictions. 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. 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. The information is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.
Insurance
Customers should read the sales documents, including product brochure, benefit illustration (if applicable) and policy documents and provisions issued by relevant insurance company to understand the details of the insurance plan (including but not limited to detailed terms, conditions, coverage, exclusions, fees and product risks) and consider whether the insurance product meets their personal needs before application. Policyholders are subject to the credit risk of relevant insurance company.
For life insurance product, an insurance plan may comprise a savings element. Part of the premium will be paid for the insurance and related costs. If a customer is not completely satisfied with his/her life insurance policy, the customer has a right to cancel it within the cooling off period and obtain a refund of relevant premium and levy paid. To exercise such right, a notice of cancellation signed by the customer must be received by relevant insurance company’s Hong Kong Main Office within the cooling off period (i.e. within 21 calendar days immediately following either the day of the delivery of the policy or delivery of a Cooling-off Notice (stating the availability of the policy and expiry date of the cooling off period) to the customer or the customer’s nominated representative, whichever is the earlier). After the cooling off period is expired, if a customer cancels the policy before maturity, the surrender value may be less than the total premium the customer has paid.
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.
Interest Rate Risk
If the client’s investments are interest rate-linked (such as bonds), the value of the investment can fall when interest rates rise. There is an inverse relationship between bond prices and bond yield, which means as bond prices go down, the yields go up (and vice versa). The price of a bond carries an interest rate risk because if interest rates rise, outstanding bonds will not remain competitive unless their yields and prices are adjusted to reflect the rise.
FX Linked Deposit - Principal Protected Deposit
FX Linked Deposit - Principal Protected Deposit is a structured product involving derivatives. It is not equivalent to or an alternative of time deposit. It is not a protected deposit, and is not protected by the Deposit Protection Scheme in Hong Kong. This product is an unlisted investment product and is not protected by the Investor Compensation Fund. This product is principal protected conditionally and is subject to the credit risk of the Bank. Investing in FX Linked Deposit – Principal Protected Deposit is not the same as directly buying the relevant currencies. Its return is limited to the interest payable, which will be dependent on movements in some linked exchange rate. The principal amount and the interest will be paid in the Deposit Currency. Besides, whether or not you will receive the high interest, if the Deposit Currency is not in your home currency, you may suffer a loss due to the currency risk originated by the Deposit Currency’s exchange rate fluctuations, which may offset or even exceed any potential gain. FX Linked Deposit is designed to be held till maturity, customer does not have the right to early terminate this product. There is no secondary market for the FX Linked Deposit - Principal Protected Deposit and it is not collateralized. You should also pay attention to the relevant market risk and the risk of early termination by the Bank upon occurrence of certain events.
(Only applicable to Swap Deposit) If Currency Event Designation by the Bank (i.e. occurrence of any event or existence of any condition, such as the imposition of exchange controls or monetary measures, such that the convertibility or transferability of the Deposit Currency and the Linked Currency becomes impossible, illegal or impracticable) occurs, the Bank has the right to early terminate the Swap Deposit and will pay the Mandatory Redemption Amount in the Deposit Currency (instead of the Repayment Amount) only to the customer on the Mandatory Redemption Date. The Mandatory Redemption Amount may be substantially less than the Principal Amount and in the worst case, is zero.
FX Linked Deposit - High Yield Deposit
FX Linked Deposit - High Yield Deposit is a structured product involving derivatives. It is not equivalent to or an alternative of time deposits. It is not a protected deposit, and is not protected by the Deposit Protection Scheme in Hong Kong. This product is an unlisted investment product and is not protected by the Investor Compensation Fund, customer is subject to the credit and insolvency risk of the Bank. Investing in this product is not the same as buying the linked currency directly. Its return is limited to the interest payable, which will be dependent on movements in some linked exchange rate. 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. FX Linked Deposit - High Yield Deposit is designed to be held till maturity, customer does not have the right to early terminate this product. There is no secondary market for the FX Linked Deposit - High Yield Deposit and it is not collateralized. The Bank can early terminate this product.
Currency Exchange
Currency exchange involves bid-ask spread.
Exchange Rate Risk
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. The fluctuations in the exchange rate of a foreign currency may result in losses in the event that you convert HKD to any foreign currency or vice versa.
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. Onshore RMB and offshore RMB are traded in different and separate markets operating under different regulations and independent liquidity pool with different exchange rates. Their exchange rate movements may deviate significantly from each other.
Structured Investment Product
Structured investment products are structured products which involves derivatives and 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 investment products. Customers should recognize that their structured investment products may mature worthless. While the maximum return on a structured investment product is usually limited to a predetermined amount of cash, an investor stands to potentially lose up to the entire investment amount if the underlying stock price moves substantially against the investor’s view.
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 is intended to be distributed in the Hong Kong Special Administrative Region (“Hong Kong”) for reference only, and shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any investment product in or outside Hong Kong. Any offer, invitation or recommendation to any customers to enter into any investment transaction does not constitute any prediction of likely future movements in prices of any investment products. The promotion materials are issued by China Construction Bank (Asia) Corporation Limited which is a licensed bank regulated by the Hong Kong Monetary Authority, a licensed insurance agency under the Insurance Ordinance (Chapter 41, Laws of Hong Kong) 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.
China Construction Bank (Asia) Corporation Limited (Insurance Intermediary License No: FA3132) (“the Bank”) is the appointed insurance agency of FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) ("FWD Life") and China Taiping Life Insurance (Hong Kong) Company Limited ("TPLHK"), to distribute life insurance products in the Hong Kong Special Administrative Region. Relevant life insurance products are the products of the insurance company(ies) but not the Bank. The above life insurance products are issued and underwritten by FWD Life or TPLHK. FWD Life and TPLHK are authorized and regulated by the Insurance Authority (“IA”) to carry on long-term insurance business in the Hong Kong Special Administrative Region. Please refer to the sales documents, including product brochure, benefit illustration and policy documents and provisions issued by FWD Life or TPLHK for details (including but not limited to insured items and coverage, detailed terms, key risks, conditions, exclusions, important notes, policy costs and fees) of the life insurance products. FWD Life and TPLHK reserve the right to decide at each of their sole discretion to accept or decline any application for life insurance product according to the information provided by the proposed Insured and the customer at the time of application. 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 life insurance product should be resolved between FWD Life or TPLHK and the customer directly. Information on this website is intended to be distributed in the Hong Kong Special Administrative Region (“Hong Kong”) for reference only, and shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any insurance product in or outside Hong Kong.
Pursuant to the Insurance (Levy) Regulation (Cap. 41I) and the Insurance (Levy) Order (Cap. 41J) under the Insurance Ordinance (Cap. 41), the IA collects levies for insurance premiums from policyholders with effect from 1 January 2018. For further details, please visit the website of IA. For the latest information about the IA, please visit https://www.ia.org.hk. For the latest information about The Insurance Complaints Bureau, please visit https://www.icb.org.hk.
Investment involves risks. The prices of investment products fluctuate, sometimes dramatically, and may become valueless. Investment products 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 investment products may involve derivatives. Certain investment products may not be available in all jurisdictions and/or may be subject to restrictions. 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. 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. The information is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.
Insurance
Customers should read the sales documents, including product brochure, benefit illustration (if applicable) and policy documents and provisions issued by relevant insurance company to understand the details of the insurance plan (including but not limited to detailed terms, conditions, coverage, exclusions, fees and product risks) and consider whether the insurance product meets their personal needs before application. Policyholders are subject to the credit risk of relevant insurance company.
For life insurance product, an insurance plan may comprise a savings element. Part of the premium will be paid for the insurance and related costs. If a customer is not completely satisfied with his/her life insurance policy, the customer has a right to cancel it within the cooling off period and obtain a refund of relevant premium and levy paid. To exercise such right, a notice of cancellation signed by the customer must be received by relevant insurance company’s Hong Kong Main Office within the cooling off period (i.e. within 21 calendar days immediately following either the day of the delivery of the policy or delivery of a Cooling-off Notice (stating the availability of the policy and expiry date of the cooling off period) to the customer or the customer’s nominated representative, whichever is the earlier). After the cooling off period is expired, if a customer cancels the policy before maturity, the surrender value may be less than the total premium the customer has paid.
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.
Interest Rate Risk
If the client’s investments are interest rate-linked (such as bonds), the value of the investment can fall when interest rates rise. There is an inverse relationship between bond prices and bond yield, which means as bond prices go down, the yields go up (and vice versa). The price of a bond carries an interest rate risk because if interest rates rise, outstanding bonds will not remain competitive unless their yields and prices are adjusted to reflect the rise.
FX Linked Deposit - Principal Protected Deposit
FX Linked Deposit - Principal Protected Deposit is a structured product involving derivatives. It is not equivalent to or an alternative of time deposit. It is not a protected deposit, and is not protected by the Deposit Protection Scheme in Hong Kong. This product is an unlisted investment product and is not protected by the Investor Compensation Fund. This product is principal protected conditionally and is subject to the credit risk of the Bank. Investing in FX Linked Deposit – Principal Protected Deposit is not the same as directly buying the relevant currencies. Its return is limited to the interest payable, which will be dependent on movements in some linked exchange rate. The principal amount and the interest will be paid in the Deposit Currency. Besides, whether or not you will receive the high interest, if the Deposit Currency is not in your home currency, you may suffer a loss due to the currency risk originated by the Deposit Currency’s exchange rate fluctuations, which may offset or even exceed any potential gain. FX Linked Deposit is designed to be held till maturity, customer does not have the right to early terminate this product. There is no secondary market for the FX Linked Deposit - Principal Protected Deposit and it is not collateralized. You should also pay attention to the relevant market risk and the risk of early termination by the Bank upon occurrence of certain events.
(Only applicable to Swap Deposit) If Currency Event Designation by the Bank (i.e. occurrence of any event or existence of any condition, such as the imposition of exchange controls or monetary measures, such that the convertibility or transferability of the Deposit Currency and the Linked Currency becomes impossible, illegal or impracticable) occurs, the Bank has the right to early terminate the Swap Deposit and will pay the Mandatory Redemption Amount in the Deposit Currency (instead of the Repayment Amount) only to the customer on the Mandatory Redemption Date. The Mandatory Redemption Amount may be substantially less than the Principal Amount and in the worst case, is zero.
FX Linked Deposit - High Yield Deposit
FX Linked Deposit - High Yield Deposit is a structured product involving derivatives. It is not equivalent to or an alternative of time deposits. It is not a protected deposit, and is not protected by the Deposit Protection Scheme in Hong Kong. This product is an unlisted investment product and is not protected by the Investor Compensation Fund, customer is subject to the credit and insolvency risk of the Bank. Investing in this product is not the same as buying the linked currency directly. Its return is limited to the interest payable, which will be dependent on movements in some linked exchange rate. 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. FX Linked Deposit - High Yield Deposit is designed to be held till maturity, customer does not have the right to early terminate this product. There is no secondary market for the FX Linked Deposit - High Yield Deposit and it is not collateralized. The Bank can early terminate this product.
Currency Exchange
Currency exchange involves bid-ask spread.
Exchange Rate Risk
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. The fluctuations in the exchange rate of a foreign currency may result in losses in the event that you convert HKD to any foreign currency or vice versa.
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. Onshore RMB and offshore RMB are traded in different and separate markets operating under different regulations and independent liquidity pool with different exchange rates. Their exchange rate movements may deviate significantly from each other.
Structured Investment Product
Structured investment products are structured products which involves derivatives and 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 investment products. Customers should recognize that their structured investment products may mature worthless. While the maximum return on a structured investment product is usually limited to a predetermined amount of cash, an investor stands to potentially lose up to the entire investment amount if the underlying stock price moves substantially against the investor’s view.
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 is intended to be distributed in the Hong Kong Special Administrative Region (“Hong Kong”) for reference only, and shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any investment product in or outside Hong Kong. Any offer, invitation or recommendation to any customers to enter into any investment transaction does not constitute any prediction of likely future movements in prices of any investment products. The promotion materials are issued by China Construction Bank (Asia) Corporation Limited which is a licensed bank regulated by the Hong Kong Monetary Authority, a licensed insurance agency under the Insurance Ordinance (Chapter 41, Laws of Hong Kong) 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.
China Construction Bank (Asia) Corporation Limited (Insurance Intermediary License No: FA3132) (“the Bank”) is the appointed insurance agency of FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) ("FWD Life") and China Taiping Life Insurance (Hong Kong) Company Limited ("TPLHK"), to distribute life insurance products in the Hong Kong Special Administrative Region. Relevant life insurance products are the products of the insurance company(ies) but not the Bank. The above life insurance products are issued and underwritten by FWD Life or TPLHK. FWD Life and TPLHK are authorized and regulated by the Insurance Authority (“IA”) to carry on long-term insurance business in the Hong Kong Special Administrative Region. Please refer to the sales documents, including product brochure, benefit illustration and policy documents and provisions issued by FWD Life or TPLHK for details (including but not limited to insured items and coverage, detailed terms, key risks, conditions, exclusions, important notes, policy costs and fees) of the life insurance products. FWD Life and TPLHK reserve the right to decide at each of their sole discretion to accept or decline any application for life insurance product according to the information provided by the proposed Insured and the customer at the time of application. 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 life insurance product should be resolved between FWD Life or TPLHK and the customer directly. Information on this website is intended to be distributed in the Hong Kong Special Administrative Region (“Hong Kong”) for reference only, and shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any insurance product in or outside Hong Kong.
Pursuant to the Insurance (Levy) Regulation (Cap. 41I) and the Insurance (Levy) Order (Cap. 41J) under the Insurance Ordinance (Cap. 41), the IA collects levies for insurance premiums from policyholders with effect from 1 January 2018. For further details, please visit the website of IA. For the latest information about the IA, please visit https://www.ia.org.hk. For the latest information about The Insurance Complaints Bureau, please visit https://www.icb.org.hk.