This is a targeted campaign for Trading Representatives to promote trading in the following markets to new and existing clients:
- Hong Kong Exchange (HKEX) SHSS
- Shanghai Stock Exchange - A-Share (SSE)
- Shenzhen Stock Exchange - A-Share (SZSE)
Each TR will be given an individual target calculated based on the average total gross commission generated in Hong Kong and China markets from January 2020 to September 2020.
Once you successfully meet the target set for each month, you will be able to enjoy a higher sharing of 80% on the additional uplift from the average gross commission calculated. If you did not manage to meet your individual target, the default sharing will be applicable.
You will be entitled to SGD $50 worth of shopping vouchers for every new account opened and traded in the participating markets. The account has to accumulate a minimum trading value of HKD150,000 in HKEX OR a minimum trading value of CNY80,000 in SSE/SZSE for the entire campaign period in order to qualify for the incentive. This incentive is only capped at the first 200 new accounts opened during the campaign period.
You will be provided with a list of your clients who have traded in Hong Kong & China markets. There will be regular updates and educational webinars. Webinars will be recorded and uploaded onto this page for your easy reference.
Any clients who traded in the above-mentioned markets will be considered in the campaign. TRs and Staff trades are excluded.
Yes, calculation of commission will include both online and offline transactions.
Your clients can only start trading in Shanghai and Shenzhen markets if they have a valid Broker-to-Client Assigned Number (BCAN).
This is important as Broker-to-Client Assigned Number (BCAN) is required to trade Northbound trades (Shanghai & Shenzhen) under Stock Connect.
You may follow the steps below to request for BCAN:
Step 1: Login to CGS iTrade and click on "My Profile"
Step 2: Search for Shanghai/ Shenzhen Online Trading and click "Request Now". Once request has been submitted, It will take at least 2 business days for BCAN to be assigned by the Exchange.
Some useful websites are:
Shanghai Stock Exchange: www.sse.com.cn
Shenzhen Stock Exchange: www.szse.cn
Sina: finance.sina.com.cn (Chinese)
Eastmoney: eastmoney.com (Chinese)
同花顺: http://data.10jqka.com.cn/hgt/hgtb/ (Chinese)
Tencent: http://stockapp.finance.qq.com(Chinese)
AAStocks:http://www.aastocks.com/en/cnhk/education.aspx (English)
Hong Kong Live Feed (with or without market depth) can be subscribed at a cost of S$70 or S$100 for 3 months respectively.
However, if your client meets the following condition during the campaign period, we will rebate the subscription to client.
Conditions for subscription rebate
HK live feed without market depth – Client must complete 10 trades over 3 months
HK live feed with market depth – Client must complete 12 trades over 3 months
You can choose to offer and pay first and we will rebate the subscription fee back to you when your client meets the condition.
From 1 to 16 December 2020, enjoy reduced commission rates at only 0.12% when you trade online in Shanghai or Shenzhen Stock Exchanges.
The full terms & conditions can be found here.
You can reach out to SG Retail Management at sg.retailmgmtsupport@cgsi.com or complete the "Contact Us" form below. We will try to respond to your queries as quickly as we can.
So, treat this space as your best friend and visit regularly to equip yourselves with any information on Hong Kong and China markets that you may not know of!