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FAQ --- Securities (Hong Kong)
Q: Where my fund is being kept? How do you ensure my fund is secured?
A: Fund deposited from our client is safely kept in our ¡§Trust Account¡¨ maintained with Standard Chartered Bank. It is strictly prohibited for any other use of the fund in Trust Account except for settlement or other transfer instruction executed by PSHK on behalf of the client. To avoid improper use of the trust account, every transaction done in the ¡§Trust Account¡¨ will be recorded properly.
Q: Where my securities are being kept?
A: If the Hong Kong securities are eligible securities under the Central Clearing and Settlement System(CCASS), they will be safely kept in CCASS Account under the name of Polaris Securities (Hong Kong) Limited (¡§PSHK¡¨).
Q: How do you deal with dividend issuance and other shareholders¡¦ entitlement?
A: When there is dividend entitled for our clients with their stocks being held in PSHK, PSHK will directly credit the dividend amount to our clients¡¦ Securities Account (not including service charge). The dividends amount and the relevant charges will be shown on clients¡¦ daily and monthly statements. If the stocks have not been deposited into PSHK by ex-date in respect of the entitlement, no dividends will be paid to client via PSHK Securities Account. PSHK will notice our clients by mail as long as they are entitled for dividends or any other shareholder entitlements with choice selection. Clients can select a proper choice within the restricted period.
Q: How can I transfer my Hong Kong securities holding from other broker to the account I maintain with PSHK?
A: It takes one to two days to transfer securities from another broker to PSHK. Our clients have to instruct their existing broker to transfer the Hong Kong securities holding to PSHK via Central Clearing and Settlement System (CCASS). And at the same time, instruct us to receive those securities via CCASS by filling in the Settlement Instruction (S.I.).
Q: Is there any interest receivable for fund deposited in PSHK?
A: Interest calculation based on the bank interest rate will be credited to clients¡¦ account upon HKD$10,000 cash holding or above. No minimum amount has been imposed on USD. For currency other than HKD and USD, no interest will be given to clients.
Q: What is the detail of market trading hours?
A: Please click here for detail.
Q: Where can I look up the latest news for listed companies, such as results or entitlement issues?
A: You can look up the news for listed companies in the website of HKEx.
http://www.hkexnews.hk/index_c.htm
Q: After account successfully opened, which securities markets can I trade?
A:

Hong Kong

Taiwan

Shanghai and

Shenzhen (B)

US

Singapore

Japan

UK

Swiss

Thailand

 

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Polaris Securities (Hong Kong) Limited ("PSHK") is a licensed corporation registered with the Securities and Futures Commission (CE NO. ABZ023) and a participant of The Stock Exchange of Hong Kong Limited and Hong Kong Futures Exchange Limited. (Exchange Participant No. 01599)
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Information and material in this website is obtained or complied from sources PSHK believes to be reliable. Such information and materials are provided ¡§as is¡¨ without warranty of any kind either express or implied and is subject to change without prior notice. PSHK and its services providers endeavor to ensure the accuracy and reliability of the information provided but PSHK expressly disclaims any warranty of non-infringement, security, accuracy, completeness, timeliness, fitness for a particular purpose or freedom from computer viruses. PSHK accepts no liability for any loss or damage arising from any inaccuracies and omission.
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