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| Citi’s partnership with AASTOCKS means you can now enjoy the convenience of real-time stock trading at the Citi Mobile® App in just one click from the AASTOCKS M+ Mobile, no more manual switching of apps! |
Welcome Offers:
Open a new stock account during July 1, 2024 to January 31, 2025, to enjoy the below welcome offers:
Don’t have a Citibank account? Click here to apply now.
Top Features
TRADE STOCKS IN MOBILE
Just one tab give you access to stock trading in Citi Mobile® App!
Quick User Guide
You can also enjoy the convenience of track & trade via the AASTOCKS M+ Mobile:
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Set up Citibank as your default trading platform in the AASTOCKS Mobile App -
Just one click on “Buy” or “Sell” takes you directly to the trading page of Citi Mobile® App -
Two-Factor Authentication (Face ID/ Touch ID + Citi Mobile® Token) ensures you trade securely -
In the Citi Mobile® App trading page, desired stock codes will be prepopulated -
Verify trade details and confirm
STOCK FEE WAIVERS
Four other major stock fee waivers to further cut down your trading costs
01 >No minimum brokerage for buy and sell trades1 |
02 >Permanent waiver for deposit fee2 & custodian fee |
03 >Permanent waiver for stock transfer-in service fee |
04 >Online IPO handling fee waived |
Remarks:
- Only applicable to HK securities transactions via Internet or Mobile Securities Service.
- Deposit fee is equivalent to the Monthly Custodian Service Charge.
Citibank securities account holders can now access London Stock Exchange Group (“LSEG”) anytime on Citibank Online and Mobile, key insights below:
London Stock Exchange Group (“LSEG”)
- An average stock rating proposed by professional analysts
- Rated from "Unfavourable" to "Favourabe" for easy understanding
Stock Reference Target Price
- A reference target price estimated for the stock based on its company profitability
- Helps you to evaluate the current price level
Stock overall performance and peer comparison
- An average score given to the stock based on factors such as its earnings and risk
- Shows peer performance over the past 6 months
- Enables you to understand a stock's competitiveness quickly
Dashboard
- Allows you to search stock based on your preferred criteria
- You can obtain investment ideas efficiently
London Stock Exchange Group (“LSEG”)
- An average stock rating proposed by professional analysts
- Rated from "Unfavourable" to "Favourabe" for easy understanding
Stock Reference Target Price
- A reference target price estimated for the stock based on its company profitability
- Helps you to evaluate the current price level
Stock overall performance
and peer comparison
- An average score given to the stock based on factors such as its earnings and risk
- Shows peer performance over the past 6 months
- Enables you to understand a stock's competitiveness quickly
Dashboard
- Allows you to search stock based on your preferred criteria
- You can obtain investment ideas efficiently
You can also obtain other stock insights such as company summary, industry highlights and earning estimates.
A normal order is an enhanced limit order that allows you to set a maximum price for a buy order or a minimum price for a sell order as the order price. An input control mechanism is put in place to ensure that the order price is not set too far away from the current market price when the order is placed, such that (a) the order price for a buy order shall be set within the range of 19 spreads higher than and 100 spreads lower than that current bid price; or (b) the order price for a sell order shall be set within the range of 19 spreads lower than and 100 spreads higher than that current ask price. Any unfilled portion of a normal order will be queued for matching until the relevant order expiration date.
Generally, placing a normal order does not guarantee its execution even when the market price reaches your set order price if other orders may have been queued ahead of yours.
At-auction Limit Order (Pre-opening Session, POS)
- An at-auction limit order (Pre-opening Session) is a limit order which you may place with the Stock Exchange of Hong Kong for processing during the Pre-opening Session (9:00 a.m. - 9:30 a.m.) on any relevant Hong Kong trading day. It usually enjoys a lower auction matching priority than an at-auction order.
- Any filled at-auction limit order (in whole or in part) will be executed at the final traded price of the Pre-opening Session (i.e. the final Indicative Equilibrium Price (IEP)). If any Pre-opening Session is not available for whatever reason or when it closes on any Hong Kong trading day, any unfilled at-auction limit order (in whole or in part) queued in the exchange with an input price not deviating nine times or more from the final traded price of the Pre-opening Session, (i.e., the final Indicative Equilibrium Price (IEP)) will be converted to a limit order at 9:30 a.m. at the same input price and carried forward to the Continuous Trading Session(9:30 a.m.-12:00noon; 1:00p.m.- 4:00 p.m.) on that same trading day for processing.
- Good-Till-Date (GTD) feature is supported for at-auction limit order (Pre-opening session). Within the good-till-date of a single good-till-date order, all the portion(s) thereof filled on any trading day shall be aggregated as one single order for that trading day for the purpose of calculating the fees and charges based on the normal fees and charges schedule and the executed price on that trading day.
- Order type cannot be amended via order modification function. If you want to change the order type (from at-auction limit order to at-auction order, or vice versa), you will need to cancel the original order and input a new order of another order type.
- For at-auction limit order processed in the Pre-opening Session on any Hong Kong trading day,
- any new orders may be placed after market randomly closes in Random Closing Period (4:08 p.m. - 4:10 p.m.) on the previous Hong Kong trading day until matching randomly starts in Random Matching period (9:20 a.m. - 9:22 a.m.); and
- any order modification or cancellation instructions may be placed after market randomly closes in Random Closing Period (4:08 p.m. - 4:10 p.m.) on the previous Hong Kong trading day until the end of Order Input Period (9:00 a.m. - 9:15 a.m.).
At-auction Order (Pre-opening Session, POS)
- An at-auction order (Pre-opening Session) is a market order (without a specified limit price) which you may place with the Stock Exchange of Hong Kong for processing during Pre-opening Session(9:00 a.m. - 9:30 a.m.) on any relevant Hong Kong trading day. It usually enjoys a higher auction matching priority than an at-auction limit order and only sell instruction for such order is available at Citibank®.
- Any filled at-auction order (in whole or in part) will be executed at the final traded price of the Pre-opening Session (i.e. the final Indicative Equilibrium Price (IEP)). If any Pre-opening Session is not available for whatever reason or when it closes on any Hong Kong trading day, any unfilled at-auction order (in whole or in part) will lapse at 9:30 a.m. on that same trading day.
- Order type cannot be amended via order modification function. If you want to change the order type (from at-auction order to at-auction limit order, or vice versa), you will need to cancel the original order and input a new order of another order type.
- For at-auction order processed in the Pre-opening Session on any Hong Kong trading day,
- any new orders may be placed after market randomly closes in Random Closing Period (4:08 p.m. - 4:10 p.m.) on the previous Hong Kong trading day until matching randomly starts in Random Matching period (9:20 a.m. - 9:22 a.m.); and
- any order modification or cancellation instructions may be placed after market randomly closes in Random Closing Period (4:08 p.m. - 4:10 p.m.) on the previous Hong Kong trading day until the end of Order Input Period (9:00 a.m. - 9:15 a.m.).
| Time Range | Period | New Order Capture | Amendment | Cancellation |
|---|---|---|---|---|
| 9:00 a.m. - 9:15 a.m. | Order Input Period | ✓ | ✓ | ✓ |
| 9:15 a.m. - 9:20 a.m. | No Cancellation Period | ✓ | ✗ | ✗ |
| 9:20 a.m. - 9:22 a.m. | Random Matching Period | ✓ | ✗ | ✗ |
| 9:22 a.m. - 9:30 a.m. | Blocking Period | ✗ | ✗ | ✗ |
At-auction Limit Order (Closing Auction Session, CAS)
- An at-auction limit order (Closing Auction Session) is a limit order which you may place with the Stock Exchange of Hong Kong for processing during the Closing Auction Session (4:00 p.m. to a random closing between 4:08 p.m. and 4:10 p.m.) on any relevant Hong Kong trading day. It usually enjoys a lower auction matching priority than an at-auction order
- An at-auction limit order is an order with a specified price. An at-auction limit order with a specified price at or more competitive than the final IEP (i.e. closing price) (in case of buying, the specified price is equal to or higher than the closing price, or in case of selling, the specified price is equal to or lower than the closing price) may be matched at the closing price. An at-auction limit order may be matched in price and time priority at the closing price. No at-auction limit order will be matched at a price worse than its specified price.
- Order type cannot be amended via order modification function. If you want to change the order type (from at-auction limit order to at-auction order, or vice versa), you will need to cancel the original order and input a new order of another order type.
- For at-auction limit order processed in the Closing Auction Session on any Hong Kong trading day,
- any new orders may be placed after 4:01 p.m. until market randomly closes in Random Closing Period (4:08 p.m. - 4:10 p.m.); and
- any order modification or cancellation instructions may be placed during Order Input Period (4:01 p.m. - 4:06 p.m.).
At-auction Order (Closing Auction Session, CAS)
- An at-auction order (Closing Auction Session) is a market order (without a specified limit price) which you may place with the Stock Exchange of Hong Kong for processing during Closing Auction Session (4:00 p.m. to a random closing between 4:08 p.m. and 4:10 p.m.) on any relevant Hong Kong trading day. It usually enjoys a higher auction matching priority than an at-auction limit order and only sell instruction for such order is available at Citibank®.
- Any filled at-auction order (in whole or in part) will be executed at the securities’ closing price determined in the Closing Auction Session. It enjoys a higher order matching priority than an at-auction limit order and will be matched in time priority at the closing price in the Closing Auction Session.
- Order type cannot be amended via order modification function. If you want to change the order type (from at-auction order to at-auction limit order, or vice versa), you will need to cancel the original order and input a new order of another order type.
- For at-auction order processed in the Closing Auction Session on any Hong Kong trading day,
- any new orders may be placed after 4:01 p.m. until market randomly closes in Random Closing Period (4:08 p.m. - 4:10 p.m.); and
- any order modification or cancellation instructions may be placed during Order Input Period (4:01 p.m. - 4:06 p.m.).
| Time Range | Period | New Order Capture | Amendment | Cancellation |
|---|---|---|---|---|
| 4:00 p.m. - 4:01 p.m. | Reference Price Fixing Period | ✗ | ✗ | ✗ |
| 4:01 p.m. - 4:06 p.m. | Order Input Period | ✓ | ✓ | ✓ |
| 4:06 p.m. - 4:08 p.m. | No Cancellation Period | ✓ | ✗ | ✗ |
| 4:08 p.m. - 4:10 p.m. | Random Closing Period | ✓ | ✗ | ✗ |
Price Limits for Pre-opening Session
A two-stage price limit is applied in the Pre-opening Session
| Applicable session | Scope of price limit | |
|---|---|---|
| Stage 1 | Order Input Period | ± 15% from reference price |
| Stage 2 | No Cancellation Period Random Matching Period |
Within the lowest ask and highest bid recorded at the end of Order Input Period at 9:15 a.m. |
In case there are no buy orders and/or sell orders recorded at the end of Order Input Period at 9:15 a.m., the price limits for No Cancellation Period and Random Matching Period will be same as the price limits in Order Input Period.
Price Limits for Closing Auction Session
A two-stage price limit is applied in the Closing Auction Session
| Applicable session | Scope of price limit | |
|---|---|---|
| Stage 1 | Order Input Period | ± 5% from reference price |
| Stage 2 | No Cancellation Period Random Closing Period |
Within the lowest ask & highest bid at the end of Order Input Period as recorded at 4:06 p.m. |
In case only buy orders or only sell orders exist (or both do not exist) at the end of Order Input Period at 4:06 p.m., or the price of the best ask (bid) is higher (lower) than ± 5% from the Reference Price, the price limit for No Cancellation Period and Random Closing Period will be same as the price limits in Order Input Period
How Does Stop Loss Order work?
- A stop loss order is a normal order that enables you to preset Stop Loss Price and Lowest Selling Price which you may place with the exchange for processing during the relevant trading session on any relevant trading day. For Hong Kong securities trading, the stop loss order is processed during the continuous trading session (9:30 a.m.-12:00noon; 1:00p.m.- 4:00 p.m.) on any relevant Hong Kong trading day. For U.S. securities trading, the stop loss order is processed during the trading hours on any relevant trading day.
- For Hong Kong securities trading, as the last traded price is used to determine if the Stop Loss Price has been triggered, the opening price of the continuous trading session may be adopted for the earliest triggering of a stop loss order placed on the relevant Hong Kong trading day. For U.S. securities trading, as the last traded price during trading hours is used to determine if the Stop Loss Price has been triggered, the opening price of the relevant trading session may be adopted for the earliest triggering of a stop loss order placed on the relevant trading day.
- Good-Till-Date (GTD) feature is available for stop loss limit order only and it allows you to select an expiration date (up to 4 trading days) until which such order shall be valid so long as the Stop Loss Price has not been triggered yet. Any un-triggered order will be cancelled at the market close on the expiration date.
- Stop Loss Price will only be triggered once during the Good-Till-Date period. Once it is triggered, sale instruction at the Lowest Selling Price will be placed with the Exchange until executed in whole in the Good-Till-Date.
- If you set the lowest selling price, once the order is triggered at the Stop Loss Price on any trading day, the sale instruction will be carried out at or above the Lowest Selling Price in the same way as a normal order except that any unfilled order (in whole or in part) will lapse at the end of the same trading day and will not be carried forward to the following trading day. Therefore, even if the Stop Loss Price has been triggered, the stop loss order may not be executed (in whole or in part).
- If you do not set the lowest selling price, once the order is triggered at the Stop Loss Price on any trading day, the sale instruction will be carried out in the same way as a market order at the current bid/ask price at the time when the order is triggered.
- For Hong Kong securities trading, the Stop Loss Price must be at least 1 spread lower than the current bid price when the order is placed during trading hours (or the closing price when the order is placed since the market closes); and the Lowest Selling Price must not be lower than HKD0.01 and 100 spreads below the Stop Loss Price. For U.S. securities trading, the Stop Loss Price must be lower than the current bid price when the order is placed during trading hours (or the closing price when the order is placed since the market closes) and the Lowest Selling Price must not be lower than 95% of the Stop Loss Price.
How to set the Stop Loss Order?
Log onto Citibank® Online then click Wealth > Stock Services
Click Trade Now to begin your stock trading
Enter your desired stock name/code
Choose Stop-loss limit order
Set the Stop-loss Price
Set Lowest Selling Price
Set the Good Till Date, the Stop Loss Order can last up to 4 trading days.
Market Order is an order which customers do not specify the price. A Market Order that is entered into the trading system during the Continuous Trading Session will be executed at the current bid / ask price at the time when the order is processed. Upon customers' confirmation of any Market Order placement, the Bank will submit the buy / sell order to the market by matching it once up to 10 best price queues in the prevailing market and up to a maximum of 10 spreads above / below the nominal price at the time when the order is processed. Any unfilled quantity of the Market Order resulting from completion of the above procedure will be automatically cancelled at once.
For a Market Order to buy shares, additional 10% buying power compared with current market price will be held in order to avoid insufficient funding from settlement account due to volatile market movement. If there is insufficient buying power (including additional 10% buying power) from your account, buy order will not be accepted.
Example 1 (for illustration only):
Customer has placed a Market Order to buy 50,000 shares of a stock.
Assume that the prevailing nominal price of that stock is HK$5.00 with price spread of HK$0.01.
The Bank will calculate the required transaction amount and trading related charges based on the 10 spreads above the nominal price of the stock (i.e. HK$5.10) and the sum will be withheld from the customer's available investment amount. The Bank will submit the order to the market for matching once up to the 10 best price queues at prices equal to or lower than the nominal price plus 10 spreads (i.e. HK$5.10).
Scenario A
The price queues in the market:
Transaction Result: The Market Order is fully executed by buying all 50,000 shares after matching with the 10 best price queues in the prevailing market.
Scenario B
The price queues in the market:
Transaction Result: The Market Order is only partially executed by buying a total of 41,000 shares after matching with the 10 best price queues in the prevailing market. The unfilled quantity of the order (i.e. 9,000 shares) will be automatically cancelled.
Example 2 (for illustration only):
Customer has placed a Market Order to sell 50,000 shares of a stock.
Assume that the prevailing nominal price of that stock is HK$8.00 with price spread of HK$0.01.
The Bank will submit the order to the market for matching once up to the 10 best price queues at prices equal to or higher than the nominal price minus 10 spreads (i.e. HK$7.90).
Scenario A
The price queues in the market:
Transaction Result: The Market Order is fully executed by selling all 50,000 shares after matching with the 10 best price queues in the prevailing market.
Scenario B
The price queues in the market:
Transaction Result: The Market Order is only partially executed by selling a total of 4,000 shares after matching with the 10 best price queues in the prevailing market. The unfilled quantity of the order (i.e. 46,000 shares) will be automatically cancelled.
Enable you to set the order validity period for up to 4 trading days for normal order, at-auction limit order (Pre-opening session) and stop loss order.
Within the good-till-date of a single good-till-date order, all the portion(s) thereof filled on any trading day shall be aggregated as one single order for that trading day for the purpose of calculating the fees and charges based on the normal fees and charges schedule and the executed price on that trading day.
Citibank will not re-send buy/sell orders which are rejected by HKEX because of VCM or during closing auction session to market after end of cooling-off period or next trading day (Including Good-Till-Date Orders).
How to set the Order Validity Date?
Log onto Citibank® Online then click Wealth > Stock Services
Click Trade Now to begin your stock trading
Enter your desired stock name/code
Choose Normal Order/Market Order/ At-auction limit order and fill in the transaction details
Set the Good Till Date, the Stop Loss Order can last up to 4 trading days.
Trading within a Fixed Price Band
During the 5-minute cooling-off period, the VCM security can continue trading but will only be allowed to trade within a fixed price band (±10% from the reference price).
Order Handling when VCM is triggered
| If VCM is Triggered Due to Potential Trade Price > Upper Price Limit |
1. The buy/sell order (i.e. the incoming order) that triggered the VCM will be rejected by HKEX and no trade will be executed. 2. The high price buy orders (i.e. those with buy price > upper price limit) which sent to HKEX and queued in the buy order queue will be cancelled. 3.All the existing sell orders which sent to HKEX will remain in the order queue no matter if their prices are higher than the upper price limit, and will not be cancelled by HKEX. 4.Citibank will not re-send buy/sell orders which are rejected by HKEX because of VCM or during closing auction session to market after end of cooling-off period or next trading day (Including Good-Till-Date Orders). |
| If VCM is Triggered Due to Potential Trade Price > Lower Price Limit |
1. The buy/sell order (i.e. the incoming order) that triggered the VCM will be rejected by HKEX and no trade will be executed. 2. The low price sell orders (i.e. those with sell price > lower price limit) which sent to HKEX and queued in the sell order queue will be cancelled. 3.All the existing buy orders which sent to HKEX will remain in the order queue no matter if their prices are lower than the lower price limit and will not be cancelled by HKEX. 4.Citibank will not re-send buy/sell orders which are rejected by HKEX because of VCM or during closing auction session to market after end of cooling-off period or next trading day (Including Good-Till-Date Orders). |
Order Handling during the Cooling-off Period
Any incoming aggressive orders (i.e. buy order > upper price limit and sell order > lower price limit) outside the fixed price band will be rejected by HKEX immediately.
Citibank will not re-send buy/sell orders which are rejected by HKEX because of VCM or during closing auction session to market after end of cooling-off period or next trading day (Including Good-Till-Date Orders).
You can now simply set up a regular savings plan for stock via Citibank® Online. With the regular savings plan, you could invest with as low as HK$1,000 per month to build a top-notch portfolio of shares in well-established Hong Kong companies. You can also enjoy the benefits of "Dollar-cost-averaging", which mean the average price of the stocks in your portfolio may be lower than the market price.
After log on to Citibank® online, you can click "Wealth management>Stock trading>Regular savings plan" to set up a new plan.
Citibank® Online is now enable you to submit one-time and setup permanent cash or scrip dividend instruction.
After log on to Citibank® online, please click "Wealth Management > Stock Trading > Corporate Actions" to set up the instruction
You can now transfer-in your stock holdings from other financial institution to Citibank® via Citibank® Online. You are required to submit a transfer-out request to the institution that you want to transfer out the stock, and then log on to Citibank® Online and click "Wealth management>Stock trading>Stock transfer". The process takes around 3 days.
Stocks Finder
Pick your ideal stocks using criteria such as industry, trading volume, P/E ratio, earnings per share, etc.
Warrants Finder
Quickly locate targeted warrants using criteria such as stock code, expiry date and implied volatility.
Order/Trade* Execution Alerting Service
Help you check the order processing status in a timely way.
Stock Price Alerting Service*
*Monitor stock prices, the highest / lowest price over 52 weeks, stock turnover, and other criteria. You can choose to receive the alert messages via SMS or email.
You can simply set up a price alert within 2 steps to monitor the market changes!
Log onto Citibank® Online then click Wealth Management > Stock Trading > My Toolbox > Stock Alerts > Add New Alert
Fill in all he required information and "Confirm"
Track trading movement of significant investments by picking out stocks with large trade turnover.
Compare the performance of stocks and indexes through plotting different charts.
Leverage real-time local and international financial markets news from Dow Jones & Company Inc.
Access average stock purchase prices and keep track of your portfolio's performance.
After log onto www.citibank.com.hk, click "Wealth Management" > "Stock Trading" > "IPO" > "Apply".
Upon confirming the prospectus has been read and understood and completing the application form, click "CONFIRM" and "SUBMIT" to submit your application.
Citibank does not offer intra-day settlement related to inter-counter trading for Dual Counter Securities
New to Bank ClientsAPPLY NOW
Existing Clients
Open your stock account online now!
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Logon to Citi Mobile® App, tap "Wealth" -
Select "Securities" and tap "Open now" -
After authentication, you will start the stock account opening process, tap "Get Started" -
Answer to confirm related disclosure -
Choose the account (HK Securities/ China Connect - SH/ SZ Securities / US Securities) you want to open, then tap "Yes" / "No" for Employment Confirmation -
Read Important Information & Risk Disclosures and acknowledge -
Follow the flow to fill in your investment objectives, investment experience and etc. -
Your application for securities account is completed
-
Logon to www.citibank.com.hk >
Setting & More > Investment >
Apply for Security Services -
Follow the instructions to fill in details
-
Complete 6 questions in the Suitability Questionnaire to ensure you are suitable to open a stock account.
-
Complete CRS Self-certification Form to confirm your tax residence status.
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After reading the Terms & Conditions, click View Complete Form.
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After verifying all details, click Submit Reviewed Form.
-
Application confirmed. Keep the Application Reference Number acknowledgement for future reference.
You are also warmly welcome to open a stock account at any Citibank® branch.
HONG KONG INVESTOR IDENTIFICATION REGIME
The HKIDR will be launched on second half of 2022.
With the implementation of HKIDR, clients are required to give the consent of the disclosure and transfer of their Client Identification Data (CID) or Broker-to-Client Assigned Number (BCAN) to the Stock Exchange of Hong Kong (SEHK) before submitting any buy orders of securities.
Below client identification data will be required:
- - Full name as shown on his or her identity document
- - ID Issuing country/region
- - ID Type
- - ID Number
Not necessary. You are only required to provide your consent on processing of CID once. But please note that unless another joint account holder has also provided the consent on processing of CID, otherwise, you cannot place buy order instructions via this joint securities account.
If the client does not provide the consent, under the HKIDR, his/her Broker-to-Client Assigned Number (BCAN) or Client Identification Data (CID) will not be submitted to SEHK and he/she could only conduct sell orders or trades in respect of existing holdings of a listed security (but not buy orders or trades). Similarly, under OTCR, without the consent provided, his/her CID will not be submitted to the SFC and he/she is allowed the transfers of shares out of and withdrawals of physical share certificates from the account, but not the transfers of shares or deposits of physical share certificates into his/her account.
The consent can be updated via Citibank online banking and Citi mobile app.
Once client submits the consent, it takes around T+1 Hong Kong Stock trading day to complete the BCAN registration.
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Terms and Conditions:Terms and Conditions:
Terms and Conditions for HK & US Stock 3-month Brokerage Buy Fee Waiver
- The “HK & US Stock 3-month Brokerage Buy Fee Waiver” Program (the “New Clients Brokerage Fee Waiver”) is only applicable to Citigold Private Client, Citigold, Citi Priority, Citibanking and Citi Plus clients who open a new securities account with Citibank (Hong Kong) Limited and/ or Citibank, N.A., organized under the laws of U.S.A. with limited liability (the “Bank”) from July 1, 2024 to January 31, 2025 (the “Promotion Period”) and must not have cancelled or held any sole or joint securities account with the Bank within the past 12 months(“New Clients”), in order to enjoy the Program.
- The offer is applicable only to the HK and/or US stock market selected at the time the new securities account is opened. Any markets added subsequently will not be eligible. New Clients can enjoy the unlimited brokerage fee waiver for the buy transactions of HK and US stocks carried out via Citibank Online or Citibank Mobile Securities Services (where applicable) within the first 3 months (3-month period is calculated on the basis of 90 days with Saturdays, Sundays, public holidays and the 90th day included) of securities account opening.
- TThe eligible HK and/or US stock buy transactions brokerage fee will be upfront waived at the time of trade. Buy and sell transactions of stock in other markets, stock transfer-in and transfer-out, Initial Public Offering, Stock Regular Savings Plan related transactions are not included.
- The Offer is not applicable to
i. U.S. Persons.
ii. The individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man, United Kingdom, Brazil, New Zealand, Jamaica, Ecuador and Sri Lanka.
iii. Employees of the Bank or its subsidiaries during the Promotion Period.
iv. Clients who are residents in Singapore.
Terms and Conditions for "Up to a Lifetime Fee Waiver on HK & US Stock Purchases" Program:
- The “Up to a lifetime fee waiver on HK & US stock purchases” Program (the “Lifetime Fee Waiver”) is only applicable to clients who open a new securities account with Citibank (Hong Kong) Limited and/ or Citibank, N.A., organized under the laws of U.S.A. with limited liability (the “Bank”) from July 1, 2024 to January 31, 2025 (the “Promotion Period”) and must not have cancelled or held any sole or joint securities account with the Bank within the past 12 months (“New Clients”), in order to enjoy the Lifetime Fee Waiver.
- New Clients can enjoy the HK and/or US Lifetime Fee Waiver for all buy trades of HK and/or US stocks carried out
via Citibank Online or Citibank Mobile Securities Services (where applicable) from the date of account opening if the
below requirements are fulfilled:
i.New Clients must have at least one Eligible HK and/or US Transaction* within the first 3 months (3-month period is calculated on the basis of 90 days with Saturdays, Sundays, public holidays and the 90th day included) of securities account opening to enjoy the Lifetime Fee Waiver from the day following 90th day of account opening until the last day of the same calendar month, the waived brokerage fee for Eligible HK and US Transaction will be capped at HK$888 and US$128 respectively. E.g. New Client, who opens a securities account on July 15, 2024, is required to conduct at least one buy or sell trade of HK and/or US stocks on or before October 12, 2024, in order to continue enjoying the Lifetime Fee Waiver within October 13-31, 2024.
ii. Starting from the calendar month of the 90th day (the “4 th calendar month”), the HK and/or US Lifetime Fee Waiver will continue if New Clients perform at least one Eligible HK and/or US Transaction in each calendar month thereafter. If New Clients do not conduct any Eligible Transaction in any month starting from the 4th calendar month, the Lifetime Fee Waiver will be terminated starting from the following month and cannot be resumed.
*Eligible Transaction refers to HK and US stock buy or sell transactions only. Buy and sell transactions of stock in other markets, stock transfer-in and transfer-out, Initial Public Offering, Stock Regular Savings Plan related transactions, are not considered as eligible transactions in the Lifetime Fee Waiver.
- New Clients are required to pay the regular brokerage fees at the time of trading. The waived brokerage fee during the waiver period will be refunded to clients’ Hong Kong and/or US Dollar settlement account linked to the securities account within 3 months subsequent to the month of the relevant transaction. For Hong Kong stock(s) transaction settled in RMB, the brokerage rebate amount will be credited to Hong Kong Dollar settlement account at the exchange rate of RMB1 = HKD1.2. New Clients should maintain a valid securities account and Hong Kong Dollar settlement account at the time when the refund is made, otherwise the brokerage rebate shall be forfeited absolutely and shall not be paid to the Client through any other means.
- The waived brokerage fee for Eligible HK and/or US Stock Transaction from the next calendar month of the 90th day (the “5th calendar month”) onward will be capped at HK$888 and US$128 each month respectively.
- The Lifetime Fee Waiver is only applicable to Citigold Private Clients, Citigold® services clients, Citi Priority® clients, Citibanking clients and Citi Plus clients.
- The Offer is not applicable to
i. U.S. Persons.
ii. The individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man, United Kingdom, Brazil, New Zealand, Jamaica, Ecuador and Sri Lanka.
iii. Employees of the Bank or its subsidiaries during the Promotion Period.
iv. Clients who are residents in Singapore.
Illustration: A New Client who opens a securities account on July 15, 2024, enjoys HK & US Stock 3-month Brokerage Buy Fee Waiver until October 12,2024.
| Turnover in the month (HK$) | |||||
|---|---|---|---|---|---|
| Month | Transaction date | Lifetime Fee Waiver
for Buy Trades for Buy Trades |
BUY | SELL | Other transactions |
| Condition 1: New Clients must have at least 1 Eligible Transaction within the first 3 months of securities account opening to enjoy the Lifetime Fee Waiver from the 90th day of account opening until the last day of the same calendar month. | |||||
| First 3 months (Calculated on 90 days basis) | Open account on July 15, 2024 | Unlimited New Clients Brokerage Fee Waiver | - | - | Stock transfer-in HK$500,000 |
| October 12, 2024 | HK stock HK$700,000 and US stock US$100,000 Refund brokerage fee = HK$1,400 + US$500 |
HK stock HK$100,000 | - | ||
| From the 90th day of account opening until the last day of the same calendar month. | October 13 to 31, 2024 | Yes (Have at least one Eligible HK and US Stock Transaction within the first 3 months) | HK stock HK$700,000 and US stock US$100,000 Refund brokerage fee =HK$888* + US$128* |
- | - |
| Condition 2: Starting from the calendar month of the 90th day (the “4th calendar month”), New Clients must have at least 1 Eligible Transaction in each calendar month to continue the Lifetime Fee Waiver in the following month. | |||||
| 5th calendar month | August 2024 | Yes (At least one Eligible HK and US Stock Transaction in the previous calendar month) |
HK stock HK$650,000 Refund brokerage fee = HK$888* |
HK stock HK$200,000 |
- |
| 6th calendar month | December 2024 | HK Lifetime Fee Waiver Only, US Lifetime Fee Waiver (At least one Eligible HK Stock Transaction, but no US Stock Transaction in the previous calendar month) |
HK stock HK$50,000 Refund brokerage fee = HK$100 |
HK stock HK$50,000 |
IPO Application HK$10,000 |
| US stock US$50,000 No Refund brokerage fee | |||||
| 7th calendar month | January 2025 | HK Lifetime Fee Waiver Only (At least one Eligible HK Stock Transaction in the previous calendar month) |
- | - | - |
| 8th calendar month | February 2025 | HK Lifetime Fee Waiver terminated (No Eligible HK Stock Transaction in the previous calendar month) |
- | - | - |
| Δ | Δ The above example assumes that the brokerage fee of HK stock and US stock are 0.2% and 0.5% of the trading turnover respectively. Charges may vary for different clients based on the specified stock service fees and charges. Cells highlighted in grey indicate Eligible Transaction in the Lifetime Fee Waiver. |
| * | The waived brokerage fee for Eligible HK and US stock Transaction from the day following 90th day of account opening onwards will be capped at HK$888 and US$128 each month respectively. |
Terms and Conditions for No Minimum Brokerage Fee Offer:
- No Minimum Brokerage Fee Offer (the "No Minimum Brokerage Fee Offer") is valid until January 31, 2025.
- Clients who conduct HK or US stock transactions via Citibank Online or Citibank Mobile Securities Services will have the minimum brokerage fee (HK stock: HKD/RMB100 per transaction; US Stock: USD30 per transaction) waived.
General Terms and Conditions:
- Clients will still be charged non-brokerage fee items such as, but not limited to, Stamp Duty, Transaction Levy and Trading Fee where applicable.
- Online IPO application handling fee waiver is valid until January 31, 2025.
- All the above offers cannot be used in conjunction with any other stock offers.
- All the above offers / rewards are not applicable to clients who are the employee of the Bank or its subsidiaries during the Promotion Period and at the time crediting the rewards.
- The Bank reserves the right to suspend, amend and terminate the offers and change the Terms and Conditions from time to time without prior notice.
- The Bank reserves the right of final decision in the event of dispute.
In the event of discrepancy between the English and Chinese versions, the English version shall prevail
Important Disclaimer:Important Disclaimer:
You should seek advice from your professional advisors as to your particular tax position, including but not limited to estate duty and withholding tax that might arise from investing in overseas products. This material is for information purposes only and is not intended to constitute any offer or solicitation or advice to buy or sell any security. Investments are not bank deposits and are not obligations of, guaranteed or insured by Citibank (Hong Kong) Limited, Citibank, N.A., organized under the laws of U.S.A. with limited liability, Citigroup Inc. or any of its affiliates or subsidiaries, or by any local government or insurance agency, and involve risks, including the possible loss of the principal amount invested. Share prices may go down as well as up. Investment products are not available for U.S. persons and might only be applicable to limited jurisdiction. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment.