Terms and Conditions for “HK & U.S. Stock 3-month Brokerage Buy Fee Waiver”:

1. Unless otherwise specified, the “HK & U.S. Stock 3-month Brokerage Buy Fee Waiver” program (the “New Clients Brokerage Fee Waiver”) is only applicable to Citigold Private Client^®, Citigold^® Clients, Citi Priority^® Clients, Citibanking Clients, 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 August 1, 2026 to January 31, 2027 (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 New Clients Brokerage Fee Waiver.
2. The New Clients Brokerage Fee Waiver is only applicable to the Hong Kong and/or U.S. stock market selected at the time the new securities account is opened. Any markets added subsequently will not be eligible.
3. New Clients can enjoy the unlimited brokerage fee waiver for the buy transactions of HK and US stocks carried out via Citibank Online or Citi Mobile^® App Securities Services (where applicable) within the first 3 months (the 3-month period is calculated on the basis of 90 days, starting from and including the 1st day of successful securities account opening, with Saturdays, Sundays, public holidays and the 90th day included) after successful securities account opening.
4. The eligible HK and/or US stock buy transactions brokerage fee will be upfront waived at the time of trade. Sell transactions in HK and/or US stock, 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.
5. Within the first 3 months after successful new securities account opening, the Hong Kong and/or U.S. stock sell transactions brokerage fee are subject to the brokerage fee stated on the “Service Fees and Charges”, according to the respective banking services on the day of securities account opening (Details:
   https://www.citibank.com.hk/english/investment/pdf/Stock_fees_and_charges_leaflet.pdf).
6. The New Clients Brokerage Fee Waiver is not applicable to customers who fall into any of the following groups:

   i.  U.S. Persons. “U.S. persons” means United States (“U.S.”) citizens, U.S. Residents, U.S. Green Card holders or a person with a U.S. mailing address or U.S. telephone number.

   ii.  Subject to Clause 7 below, Individuals residing outside of Hong Kong SAR, including but not limited to such individuals as described under sub-clause 6(iii) to sub-clause 6(v) below.

   iii.  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, Sri Lanka, Peru, Turkey and United Arab Emirates (UAE), and Bangladesh.

   iv.  Individuals with permanent residency in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man, and United Kingdom.

   v.  Individuals who are residents in Singapore.
7. Unless otherwise specified, overseas customers (with an overseas correspondence address) may not be eligible to this waiver offer. The Bank reserves the absolute right to determine the eligibility of International Personal Banking Clients to enjoy this waiver offer subject to relevant policy of the Bank, which may change from time to time without prior notice.

General Terms and Conditions:

1. Clients are still subjected to charge non-brokerage fee items such as, but not limited to, Stamp Duty, Transaction Levy and Trading Fee where applicable.
2. The Bank reserves the right to suspend, amend and/or terminate the offers and change the Terms and Conditions from time to time without prior notice. The Bank accepts no liability for such suspension, amendment and/or termination.
3. The Bank reserves the right of final decision in the event of dispute.
4. This document provides information about, and access to accounts and financial services provided by Citibank (Hong Kong) Limited and Citibank, N.A. Hong Kong Branch in Hong Kong. It does not, and should not be construed as, an offer, invitation or solicitation of services to individuals residing outside of Hong Kong SAR. This document is not intended for distribution to, or use by, any person in any country where such distribution or use would be contrary to local law or regulation, and none of the services or investments referred to in this referenced document are available to persons resident in any country where the provision of such services or investments would be contrary to local law or regulation.
5. These Terms and Conditions are in addition to and supplement the terms and conditions of relevant banking services / products being provided by the Bank to the Client, including but not limited to the Terms and Conditions for Accounts and Services.
6. These terms and conditions shall be governed in accordance with the laws of the Hong Kong Special Administrative Region (“Hong Kong SAR”) and the customers irrevocably submit to the exclusive jurisdiction of the competent court of the Hong Kong SAR. No person other than an Eligible Customer and the Bank will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of these Terms and Conditions.
7. In the event of any discrepancy between the English and Chinese versions of these Terms and Conditions, the English version shall prevail. If there is any discrepancy between the promotional materials and these Terms and Conditions, these Terms and Conditions shall apply and prevail.
8. In case of any fraud/abuse/reversal or cancellation of transactions in respect of which the offer was awarded, the Bank reserves the right to reverse the offer without prior notice.
9. This document is intended for distribution in the Hong Kong SAR only. It is not intended for reproduction or distribution from any places outside the Hong Kong SAR.

 

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 US 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. In the event of discrepancy between the English and Chinese versions, the English version shall prevail.