Wealth Products Transaction Rewards Promotion
Converging Your Wealth for a Blooming Future and Enjoy up to HK$28,800 Cash Reward
Important Notes:
- Investment involves risk, prices of investment product may go up as well as down, and may become valueless.
- 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.
- 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.
- You should obtain independent professional financial, tax or legal advices before making any investment decision.
CCB (Asia) provides a wide range of investment and life insurance products, which help address your various needs in wealth management and bring you a world of rewards. From July 1 to September 30, 2022, customers who have successfully placed and completed transactions of designated investment products and life insurance plans and fulfilled designated requirements can enjoy up to HK$28,800 Cash Reward!
Up to HK$10,000 Cash Reward
During the promotion period, Eligible Investment Products Customers1 who have placed and completed transactions of designated investment products* reaching the aggregated amount can enjoy the following cash reward!
| Aggregated Designated Investment Products* Transaction Amount (HKD or equivalent) |
Cash Reward |
|---|---|
| HK$5,000,000 or above | HK$10,000 |
| HK$1,000,000 to below HK$5,000,000 | HK$2,000 |
| HK$500,000 to below HK$1,000,000 | HK$800 |
| HK$200,000 to below HK$500,000 | HK$300 |
Up to HK$18,800 Cash Reward3
Eligible Insurance Customers4 who have successfully applied for any basic life insurance plan with the relevant policy issued during the promotion period and fulfilled the designated aggregated first year premium amount can enjoy the following cash reward!
| Type of Eligible Insurance Policy |
Aggregated First Year Premium Amount# (HKD or equivalent) |
Cash Reward |
|---|---|---|
| Single Pay Products | HK$8,000,000 or above | HK$18,000 |
| HK$6,000,000 to below HK$8,000,000 | HK$12,000 | |
| HK$3,000,000 to below HK$6,000,000 | HK$6,000 | |
| Regular Pay Products | HK$400,000 or above | HK$800 |
The higher value of total transaction amount,
the more cash reward you can earn!
Enquiry Hotline : 2903 8343
Wealth Products Transaction Rewards Promotion (“Program”) Terms and Conditions
A. General Terms and Conditions
1.The promotion period is from July 1, 2022 to September 30, 2022, both dates inclusive (“Promotion Period”).
2.The Program is only applicable to personal banking customers of China Construction Bank (Asia) Corporation Limited (“Bank”) who hold any Savings Account or Checking Account (in sole name or joint names) of the Bank (“Eligible Customers”); but not applicable to Private Banking customers, Commercial Banking customers, corporate customers and Capital Investment Entrant Scheme customers of the Bank. The Bank reserves the right to determine the eligibility of the customers for this Program.
3.During the Promotion Period, an Eligible Customer will be entitled to the cash reward(s) as specified under section B below once only. If more than one account holder is involved, only the primary account holder will be eligible for the cash reward(s).
4.If an Eligible Customer is entitled to the below offer in conjunction with other promotional offers (including but not limited to promotional offers related to Wealth Management Connect), the Bank reserves the right to grant part or all of the offers entitled by the Eligible Customer.
5.In addition to the requirements listed under section B below, an Eligible Customer must fulfill the conditions of the Program and maintain as the Bank’s valid Packaged Banking/ General Banking customer at the time of receipt of reward under the respective offer. Otherwise, the reward will be forfeited and will not be provided to the Eligible Customer through any other means.
6.The Bank reserves the right to suspend, modify or terminate the Program and change these Terms and Conditions at any time without prior notice.
7.Eligible Customers are also bound by the terms and conditions for the relevant banking products and services. Please refer to the relevant promotional materials, visit the official website of the Bank or contact our staff for details.
8.In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.
9.In case of any dispute, the decision of the Bank shall be final and binding.
B. Offers Details
10.Designated Investment Products Reward (“Designated Investment Products Reward”)
a.Designated Investment Products Reward is only applicable to Eligible Customers who have not placed and settled any transactions for all the 4 types of investment products listed in the following: (i)Mutual Fund Investment Service, (ii)Bond Trading Service, (iii)Structured Equity-Linked Product Service and (iv)FX Linked Deposit Service (“Eligible Investment Products Customers”) from January 1, 2022 to June 30, 2022 (both dates inclusive).
b.The cash reward will be offered to Eligible Investment Products Customers who have placed and settled one or more designated investment products transactions (as defined in Clause 10(c) below) during the Promotion Period and fulfilled the aggregated transaction amount as set out below (“Designated Investment Products Cash Reward”). If Eligible Customers have placed and settled any transactions of the investment products as listed in Clause 10(a) from January 1, 2022 to June 30, 2022 (both dates inclusive), the new transactions under the same type of designated investment products carried out during the Promotion Period will not be deemed as the aggregated transaction amount by the Bank.
| Aggregated Designated Investment Products Transactions Amount (HKD or equivalent) |
Designated Investment Products Cash Reward |
| HK$5,000,000 or above | HK$10,000 |
| HK$1,000,000 to below HK$5,000,000 | HK$2,000 |
| HK$500,000 to below HK$1,000,000 | HK$800 |
| HK$200,000 to below HK$500,000 | HK$300 |
c.Designated investment products transactions (“Designated Investment Products Transactions”) must be settled within the Promotion Period and only include(s):
- New subscriptions under the Mutual Fund Investment Service with net subscription fee equal to or higher than 1.5%; and/or
- New transactions under the Bond Trading Service (except the bond subscription through initial public offering); and/or
- New transactions under the Structured Equity-Linked Product Service, excluding new transactions with monetary benefit of up to 1% of the investment amount; and/or
- New transactions under the FX Linked Deposit Service with deposit period of 14 calendar days or above (for each relevant deposit, the deposit principal will be regarded as the transaction amount).
The calculation of the Designated Investment Products Transactions amount will be based on the 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 in Clause 10(b).
11.Life Insurance Plans Reward (“Life Insurance Plans Reward”)
a.Life Insurance Plans Reward is not applicable to staff of the Bank and the affiliates.
b.Life Insurance Plans Reward is only applicable to Eligible Customers who have not been issued with any life insurance policy from January 1, 2022 to June 30, 2022 (both dates inclusive) through the Bank (“Eligible Insurance Customers”).
c.Eligible Insurance Customers are required to successfully apply for any basic life insurance plan(s) (including Regular Pay or Single Pay Product) 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”) via any branch of the Bank and the relevant policy must be issued during the Promotion Period (“Eligible Insurance Policy”) in order to enjoy the following cash reward (“Life Insurance Plans Cash Reward”), on the condition that the aggregated first year premium amount (excluding the levy and only the net premium payment after discount will be calculated) of the Eligible Insurance Policy(ies) reaches the designated tiers as set out below:
| Type of Eligible Insurance Policy | Aggregated First Year Premium Amount* (HKD or equivalent) |
Life Insurance Plans Cash Reward |
| Single Pay Products | HK$8,000,000 or above | HK$18,000 |
| HK$6,000,000 to below HK$8,000,000 | HK$12,000 | |
| HK$3,000,000 to below HK$6,000,000 | HK$6,000 | |
| Regular Pay Products | HK$400,000 or above | HK$800 |
*The aggregated first year premium amount does not include the levy and only the net premium payment after discount will be calculated.
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 the 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.
d.Each Eligible Insurance Customer can enjoy the Life Insurance Plans Cash Reward for regular pay products and single pay products once respectively and the cap for the Life Insurance Plans Cash Reward is HK$18,800.
e.For details about terms and conditions applicable to insurance products, please refer to the respective insurance policies issued by the relevant insurance company(ies).
12.The calculation of the Aggregated Designated Investment Products Transactions Amount and the Aggregated First Year Premium Amount of Eligible Insurance Policy will be calculated in Hong Kong Dollar. If the relevant Designated Investment Products Transactions and Eligible Insurance Policies 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 Designated Investment Products Transactions Amount and the Aggregated First Year Premium Amount of Eligible Insurance Policy.
13.Each Eligible Customer can enjoy a maximum amount of HK$28,800 cash reward under the Program in the entire Promotion Period. Cash reward(s) of the Program will be credited directly to the Eligible Customer’s relevant settlement account associated with Packaged Banking (if applicable) or a valid HKD checking/savings account (excluding “Step Up Savings Account”) opened most recently on or before November 30, 2022. An Eligible Customer must fulfill the conditions of the Program and maintain as the Bank’s valid Packaged Banking/General Banking customer at the time of receipt of reward under the respective offer. For Eligible Insurance Customer entitling Life Insurance Plans Reward, the relevant Eligible Insurance Policy(ies) should remain in force at the time of receipt of Life Insurance Plans Cash Reward. Otherwise, the related Life Insurance Plans Cash Reward will be forfeited.
14.The Bank reserves the right to determine the Aggregated Designated Investment Products Transactions Amount and the Aggregated First Year Premium Amount of Eligible Insurance Policy based on the Bank’s system record and verify the Eligible Customer’s transactions record in calculating the Eligible Customer’s eligibility. Each Designated Investment Products Transactions and the Aggregated First Year Premium of Eligible Insurance Policies shall be counted once under this Program. In case of any dispute, the Bank’s decision shall be final and binding.
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 aBank 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.
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.
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 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 AIA International Limited (incorporated in Bermuda with limited liability) ("AIA") and FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) ("FWD Life"), to distribute life insurance products in the Hong Kong Special Administrative Region. Relevant life insurance products are the products of the insurance companies but not the Bank. The above life insurance products are issued and underwritten by AIA or FWD Life. AIA and FWD Life 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 AIA or FWD Life 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. AIA and FWD Life 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 AIA or FWD Life and the customer directly. Information on this promotion material is for reference only and is intended to be distributed in the Hong Kong Special Administrative Region only. It 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 life insurance product of AIA or FWD Life outside the Hong Kong Special Administrative Region.
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.