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Guide to Citi Plus Investment Services & promotion

Terms and Conditions for HK & US Stock 3-month Brokerage Buy Fee Waiver

  1. 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 April 1 to June 30, 2024 (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.
  2. 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.
  3. The offer is applicable to HK and US stock buy 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 included.
  4. The Offer is not applicable to

    i.  U.S. Persons.

    ii. The European Union (EU) and European Economic Area (EEA) residents.

    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:

  1. 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 April 1 to June 30, 2024 (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.
  2. 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 April 15, 2024, is required to conduct at least one buy or sell trade of HK and/or US stocks on or before 13 July, 2024, in order to continue enjoying the Lifetime Fee Waiver within 14-31 July, 2024.

    ii. Starting from the calendar month of the 90th day (the “4th 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.

  3. 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.
  4. 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.
  5. The Lifetime Fee Waiver is only applicable to Citigold Private Clients, Citigold® services clients, Citi Priority® clients, Citibanking clients and Citi Plus clients.
  6. The Offer is not applicable to

    i.  U.S. Persons.

    ii. The European Union (EU) and European Economic Area (EEA) residents.

    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 April 15, 2024, enjoys HK & US Stock 3-month Brokerage Buy Fee Waiver until July 13, 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 April 15, 2024 Unlimited New Clients Brokerage Fee Waiver - - Stock transfer-in HK$500,000
July 13, 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. July 14 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.
5thcalendar 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
-
6thcalendar month September 2024 Yes
HK Lifetime Fee Waiver Only, US Lifetime Fee Waiver Terminated (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


US stock US$50,000No Refund brokerage fee
HK stock
HK$50,000
IPO Application
HK$10,000
7thcalendar month October 2024 Yes
HK Lifetime Fee Waiver Only (At least one Eligible HK Stock Transaction in the previous calendar month)
- - -
8thcalendar month November 2024 HK Lifetime Fee Waiver terminated (No Eligible HK Stock Transaction in the previous calendar month) - - -
Δ Assuming the brokerage fee of HK stock and US stock are 0.2% and 0.5% of the trading turnover respectively; 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 "Stock or Mutual Funds Transfer-in for up to HK$10,000 Cash Reward" offer:

  1. The promotion is valid from April 1, 2024 to June 30, 2024, both dates inclusive ("Promotion Period").
  2. Clients must successfully transfer in HK/ US/ SH/ SZ stock or mutual funds from a third-party financial institution/ bank at a branch, or via the “Stock Transfer” function on Citibank Online (only applicable to stock transfer-in), during the Promotion Period, to be eligible for the cash reward.
  3. Eligible transfer-in mutual funds include:

    i.  are authorized by the Securities and Future Commission (excluding class B funds); and.

    ii.  are currently available for distribution by the Bank.

  4. The cash reward amount will be determined by the total stock or mutual funds transfer-in value deduct the total stock transfer-out value (“Total Stock or Mutual Funds Net Transfer-in Value”) of a client during the promotion period, according to the table below:
    Total Stock or Mutual Funds Net Transfer-in Value (HK$) Cash reward amount (HK$)
    $500,000 - <$1,000,000 $500
    $1,000,000 - <$3,000,000 $1,000
    $3,000,000 - <$5,000,000 $3,000
    $5,000,000 or above $10,000
  5. For (”Stock Transfer-in”), the (“Total Stock Net Transfer-in Value”) is based on the multiple of the closing stock price* on the last trading day of the corresponding successful transfer-in month and number of shares. If a stock involves foreign currency, an exchange rate of USD1 = HKD7.8/RMB1 = HKD1.2 will be used for its stock value calculation.
  6. For (“Mutual Funds Transfer-in”), if the settlement currency of the fund is in HK Dollar, the “Total Mutual Funds Net Transfer-in Value” will be calculated according to the fund price on the day that was successfully transferred-in to the Bank. If the settlement currency is not in HK Dollar, the Total Mutual Funds Net Transfer-in Value will be calculated into HK Dollar equivalent according to the fund price and exchange rate on the day of that was successfully transferred-in to the Bank (determined by the Bank at its sole discretion).
  7. The transfer activities in a joint name Wealth Management account will be considered in the Total Stock or Mutual Funds Net Transfer-in Value for the primary account holder.
  8. Whether a mutual fund transfer-in can be executed successfully will depend on various factors including but not limited to, the consent of the fund house(s), fund manager(s) and/or trustee(s) of the relevant investment fund on such transfer, and/or whether it is subject to any other applicable restriction. Any fees charged by the relevant financial institution(s) in respect of the transfer shall be borne by the clients.
  9. Mutual fund transfer-in instructions and client’s eligibility to the cash rewards are subject to the final approval of the Bank at its sole and absolute discretion.
  10. Any mutual fund transferred to the Bank have to be registered and held in the name of the Bank’s nominee.
  11. Each client can only enjoy the offer once during the promotion period.
  12. The cash reward will be rebated to clients’ Hong Kong Dollar settlement account on or before September 30, 2024. Clients should maintain a valid Wealth Management account and Hong Kong Dollar settlement account at the time when the rebate is made, otherwise the cash reward shall be forfeited absolutely and shall not be paid to the client through any other means. If the client holds more than one HKD settlement account, the Bank shall have sole discretion to determine which settlement accounts the cash rebate will be credited into.
  13. The Offer is not applicable to
    i. U.S. Persons.
    ii. The European Union (EU) and European Economic Area (EEA) residents.
    iii. Employees of the Bank or its subsidiaries during the Promotion Period.
    iv. Clients who are residents in Singapore.

*Previous closing stock price is subject to Hong Kong Exchange (HKEx) adjustment. For details, please refer to the “Guidelines on Adjustments to the Previous Closing Price of a Security” published by HKEx.

Terms and Conditions of “Up to HK$500 (or its equivalent) Cash Rebate for New to Stock Clients” (“Offer”)

  1. Unless otherwise specified, the Promotion Period of the Offer is valid from January 1 to March 31, 2024, inclusive of both dates (“Promotion Period”).
  2. The Offer is applicable to:
    2.1a A New Client (“New Client”) who successfully opens a banking account and a Hong Kong securities account and/ or US 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”) via Mobile Account Opening or Citibank Online. New Clients must not have cancelled or held any sole or joint banking account and securities account with the Bank within the past 12 months. OR
    2.1b An Existing Client of the Bank who successfully opens a new Hong Kong securities account and/ or US securities account with the Bank via Citi Mobile App or Citibank Online during the Promotion Period (“New Stock Client”). New Stock Clients must not have cancelled or held any sole or joint securities account with the Bank within the past 12 months. AND
    2.2 New Client and New Stock Client need to meet the designated trading volume within the first 3 calendar months of Hong Kong/US securities account opening (including the account opening month). Only Hong Kong and/ or US stock buy or sell transactions will be eligible for the Offer. 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 Stock Transaction in the Program according to the table below:
    Stock Market Eligible Stock Transaction Cash rebate amount (HK$ or its equivalent)
    Open HK or US Stock Account Accumulated trading volume of $10,000 (or its equivalent) within first 3 calendar months of stock account opening $250
    Open HK & US Stock Account Accumulated trading volume of $20,000 (or its equivalent) within first 3 calendar months of stock account opening $500
  3. Upon fulfilling the requirement of Clause 2, the eligible New Client and New Stock Client will be entitled to up to HK$500 (or its equivalent) cash rebate.
  4. The Offer will be only given once to the Primary Account Holder for joint accounts during the Promotion Period.
  5. Offers for opening a HK Or US Stock Account from January 1 to March 31, 2024 will be rebated to the respective Hong Kong Dollar or US Dollar settlement account of the eligible New Clients and New Stock Clients that is linked to the securities account on or before July 31, 2024. New Clients and New Stock Clients should maintain a valid securities account and respective Hong Kong Dollar or US Dollar settlement account at the time when the rebate is made, otherwise the Offer shall be forfeited absolutely and shall not be paid to the Client through any other means.
  6. Offers for opening HK & US Stock Account from January 1 to March 31,2024 will be rebated to the Hong Kong Dollar settlement account of the eligible New Clients and New Stock Clients that is linked to the securities account on or before July 31, 2024. New Clients and New Stock Clients should maintain a valid securities account and Hong Kong Dollar settlement account at the time when the rebate is made, otherwise the Offer shall be forfeited absolutely and shall not be paid to the Client through any other means.
  7. The Offer cannot be transferred or exchanged for cash or other offers.
  8. The Offer is not applicable to

    i.  U.S. Persons.

    ii. The European Union (EU) and European Economic Area (EEA) residents.

    iii. Employees of the Bank or its subsidiaries during the Promotion Period.

    iv. Clients who are residents in Singapore.

  9. The Bank reserves the right to vary or cancel all offers and/ or amend any of these Terms and Conditions at anytime without prior notice. All matters and disputes will be subject to the final decision of the Bank.
  10. The English version of these Terms and Conditions shall prevail wherever there is a discrepancy between the English and the Chinese versions.

Terms and Conditions for No Minimum Brokerage Fee Offer:

  1. No Minimum Brokerage Fee Offer (the "No Minimum Brokerage Fee Offer") is valid until June 30, 2024.
  2. 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. The No Minimum Brokerage Fee Offer is not applicable to transactions conducted via the Dedicated Trading Hotline.

General Terms and Conditions:

  1. Clients will still be charged non-brokerage fee items such as, but not limited to, Stamp Duty, Transaction Levy and Trading Fee where applicable.
  2. Online IPO application handling fee waiver is valid until June 30, 2024.
  3. All the above offers cannot be used in conjunction with any other offers.
  4. 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.
  5. 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.
  6. 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:

The US Securities and Exchange Commission (SEC) issued an order directing Equity Exchanges and Financial Industry Regulatory Authority (FINRA) to launch a Tick Size Pilot Program. Tick Size Pilot Program has been implemented and effective from October 3 2016. For limit orders or stop loss orders submitted before US Market open or during the US Stock trading hours, Customer must input a price in an increment of US$0.05 for buying and selling the selected US securities, otherwise, the order will not be processed. Customer should check the order status after order submission. For selected US securities list and details, please refer to the FINRA website for more information.

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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 website is for information purposes only and does not 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., 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.
This website is for information only and does not constitute any offer or solicitation to buy or sell. The risk of loss in foreign exchange trading can be substantial. Foreign currency trading is subject to rate fluctuations which may provide both opportunities and risks. Foreign exchange trading involves risk, including the possible loss of the principal amount invested. RMB exchange, like any other currency, is subject to exchange rate fluctuations. The exchange rate of RMB can go up and down. The applicable rate of RMB exchange is the offshore ("CNH") rates. Placing contingent orders, such as "stop loss" or "stop limit" orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. Investors may experience a loss when they convert foreign currency back to their home currency. Foreign currency trading involves risk, including the possible loss of the principal amount invested. Investors should therefore carefully consider whether such trading is suitable in the light of their own financial position, investment objectives and risk profile. Exchange Controls imposed by the relevant authorities may also adversely affect the applicable exchange rate.
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In the event of discrepancy between the English and Chinese versions, the English version shall prevail.

 

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