Stocks & Shares

Hong Kong (HKEX)

POEMS Online/Mobile Broker -assisted
Total Asset Value Cash Plus Account All Accounts
SGD0 – SGD 29,999 0.08%, min HKD30* 0.30%, min HKD150
SGD30,000 – SGD 249,999 0.06%, min HKD20*
SGD250,000 and above 0.05%, min HKD15*
Other foreign fees:
Stamp Duty 0.13% (rounded up to the nearest dollar) with effect from 1 August 2021
CCASS fee 0.002% (Minimum HKD2.00, Maximum HKD100)
Transaction Levy 0.0027%
Trading fee 0.005%

Note: All fees and charges are subject to Goods & Services Tax (GST). GST will also be applicable on related foreign fees such as stamp duty, exchange and trading fees from 1st October 2021. Fees & charges may be subject to changes without prior notice. Please click here for custodian charges. (effective 1 April 2022)

Italian financial transaction tax (“IFTT”) is applicable to buy trades on Hong Kong-listed Italian companies with market capitalization more than Euro 500 million. The applicable tax rate is either 0.1% or 0.2%, depending on the counter.

*Promotional details are available at https://www.poems.com.sg/cash-plus

Order Placement (Board lots) Via

1) POEMS 2.0 or

2) Your designated Trading Representative

Odd lot Via your designated Trading Representative
Common order rejection messages Your orders may be rejected due to the following reasons:

  • 2043 Invalid order price – Queuing price beyond 24 bid/ask spread OR matching price of more than 10 current market bid/ask

More information on HKEX Securities Market Operations

More information on HKEX Trading Mechanism

  • Insufficient Qty – Insufficient shareholdings
  • 7073 Invalid price tick – Please refer to price spread table
  • 2036 Security halted/suspended – Stock suspended
  • 7077 Order Quantity exceeds Max Board Lots allowed – Maximum 3000 board lot shares per order size allow
  • 2036 Security halted/suspended – Stock suspended

 

Trading lot Not fixed
Price Quote1 20 minutes delayed.
To access live price quote, click on the counter.
Live price subscription available.
Exchange HKEx
Minimum bid size Share price (HKD) Minimum Bid Size (HKD)
0.01 – 0.25 0.001
> 0.25 – 0.50 0.005
> 0.50 – 10.00 0.01
> 10.00 – 20.00 0.02
> 20.00 – 100.00 0.05
> 100.00 – 200.00 0.10
> 200.00 – 500.00 0.20
> 500.00 – 1,000.00 0.50
> 1,000.00 – 2,000.00 1.00
> 2,000.00 – 5,000.00 2.00
> 5,000.00 – 9,995.00 5.00

The Volatility Control Mechanism (VCM) will be implemented by HKEx on 22 August 2016. Please click here to find out more.

  1. Limit order – order will be executed at order price or better.
  2. All orders are only valid for one trading day. Orders not done will be cancelled at the end of each trading day.
  3. Should the due date coincide with Singapore public holiday/s – The due date will follow the traded market’s due date.
Singapore/Hong Kong Time
(Mon – Fri)
Pre opening 09:00am – 09:30am
Morning Session 09:30am – 12:00pm
Closing Auction Session (ONLY During Half Day Trading*) 12.00pm – 12.10pm
Afternoon Session 01:00pm – 04:00pm
Closing Auction Session (For Full Day Trading) 04.00pm – 04.10pm

Note: To participate in pre-opening, orders have to be entered and received before 9:15 am.

Pre-opening orders will be matched at 9.20am.

Effective 25th July 2016 for Phase 1

  Full Day Trading Half Day Trading*
Reference Price Fixing Period 04.00pm – 04.01pm 12.00pm – 12.01pm
Order Input Period 04.01pm – 04.06pm  12.01pm – 12.06pm
No Cancellation Period 04.06pm – 04.08pm 12.06pm – 12.08pm
Random Closing Period 04.08pm – 04.10pm 12.08pm – 12.10pm

*Eves of Christmas, New Year and Lunar New Year
With effect from 8 October 2019, the list of securities covered by CAS expands to include all equities (including depositary receipts, investment companies, preference shares and stapled securities), as well as funds (including exchange traded funds (ETFs) and real estate investment trusts). For the list of CAS securities, please refer to the “CAS Eligible” indicator under the Full List of Securities available on HKEX website.

Settlement Date2 T+2 market days
Settlement Currency HKD or SGD
Order Amalgamation Yes (Conditions for Amalgamation, click here)
Contra Trading Yes
CPF settlement No

Note: For payment methods, please click here.

 

  1. Limit order – order will be executed at order price or better.
  2. All orders are only valid for one trading day. Orders not done will be cancelled at the end of each trading day.
  3. Should the due date coincide with Singapore public holiday/s – The due date will follow the traded market’s due date.

2021

Month Day Date Holidays Settlement Trading Day
January Friday  01 January New Year’s Day  No  No
February  Thursday  11 January  Lunar New Year’s Eve  No  Partial
Friday  12 January  Lunar New Year  No  No
Monday  15 January  Lunar New Year  No  No
April  Friday  2 April Good Friday  No  No
Monday 5 April Easter Monday No No
Tuesday 6 April Buddha’s Birthday No No
May  Wednesday  19 May Buddha's Birthday  No  No
June Monday  14 June Tuen Ng Festival  No  No
July Thursday  01 July Sar Establishment Day  No  No
September Wednesday  22 September Day After Mid-Autumn Fest  No  No
October 

Friday  01 October National Day (obs)  No  No
Thursday  14 October Chung Yeung Festival  No  No
December   Friday  24 December Christmas Eve Obs-halfday  No Partial
Monday  27 December Christmas Holiday Obs  No  No
Friday  31 December New Year's Eve-early Close  No  Partial

Note: Information is correct at time of posting

  HK
Scrip Charge S$1 per Transfer Form (Each Transfer Form can only hold up to 5 certificates)
Courier Fees (<20 certificates) S$21
Courier Fees (>20 certificates) S$1.05 per certificate
PSPL Handling Fees S$10.70 (inclusive of GST)

Rates may change from time to time at the discretion of Phillip Securities Pte Ltd.

There are other miscellaneous fees for physical scrips deposition. For more details, please send in your enquiry to talktoglobalmarkets@phillip.com.sg

You can pay by any of the following payment methods:

  • Cheque, payable to “PHILLIP SECURITIES PTE LTD
  • EPS (notify your assigned Trading Representative)
  • Debit from clients’ trading accounts if there are sufficient funds in their Phillip Financial, Cash Management or Investment account (clients must indicate their instructions in the “Remarks” column).

Note: We will not initiate share transfer before receiving payment from clients.