Shanghai Commercial Bank (2024)

Promotion Code for Personal Internet Banking / Mobile Banking Fixed Deposit Annual Interest Rate Offer (Selected Customers)

From 8 April 2024, customer can enjoy the following preferential interest rate (p.a.) via Personal Internet Banking / Mobile Banking by placing HKD fixed deposit within the promotion period:

"Shacom Stock" Commission and Subscription Fee Offer (Selected Securities Customers)

From 22 May 2024, selected securities customers can enjoy first 6-month $0 brokerage commission for buying securities combined with IPO Subscription Fee waiver via internet stock trading system "Shacom Stock", by executing ONE securities transaction successfully via "Shacom Stock" within the promotion period.

Terms of the promotion:

Promotion Code for Personal Internet Banking / Mobile Banking Fixed Deposit Annual Interest Rate Offer (Selected Customers):

• Selected customers are entitled to enjoy 4.60% "Fixed Deposit Annual interest rate offer" by entering a designated promotion code via personal internet banking or mobile banking to set up 1-month HKD fixed deposit from 8 April 2024 to 30 June 2024.
• Minimum fixed deposit amounts of the offer is the minimum initial deposits amount of fixed deposits accounts of the specific currency. For details, please refer to our website or contact our staff.
• This offer is only applied to fixed deposit placed via personal internet banking or mobile banking during the promotion period and is not applicable to subsequent renewal of fixed deposit.
• Customers who intend to enjoy this offer are solely responsible for ensuring that the correct promotion code is entered in the designated field and verifying the fixed deposit annual interest rate carefully before confirming the transaction.
• The above preferential interest rates are based on the interest rates of "Promotion code for Personal Internet Banking / Mobile Banking Fixed Deposit Annual Interest Rate Offer (Selected Customers)" quoted on 8 April 2024 by the Bank and are for illustration and reference purpose only. The actual interest rates shall be subject to the quotes of the Bank from time to time.
• If the customer withdraws all or part of the money before the maturity date of the fixed deposit, the customer will not be entitled to the preferential interest rate for the fixed deposit or may be required to pay the penalty interest of the time deposit at the Bank's sole discretion.
• The offers are not applicable to the transactions via our branches or Phone Banking.
• Offers are not applicable to the staff of the bank.

"Shacom Stock" Commission and Subscription Fee Offer (Selected Securities Customers):

• Selected securities customers are entitled to enjoy first 6-month $0 brokerage commission for buying securities combined with IPO Subscription Fee waiver via internet stock trading system "Shacom Stock", by completed 1 stock transaction successfully via "Shacom Stock" from 22 May 2024 to 31 August 2024 (both dates inclusive) ("Promotion Period").
• These offers are only applicable to selected securities customers who received e-mail or SMS notification from the Bank within promotion period.
• To be eligible for first 6-month $0 brokerage commission for buying securities combined with IPO Subscription Fee waiver via "Shacom Stock" during the offer period, customers should execute buying/ selling ONE transaction of any local securities listed on the Stock Exchange of Hong Kong Limited or eligible A-shares of Shanghai and Shenzhen Connect listed on the Shanghai Stock Exchange/ the Shenzhen Stock Exchange via "Shacom Stock" during the promotion period with the total reward of up to HKD8,888 Cash Reward. If the brokerage commission is settled in RMB, the discount amount will be converted into Hong Kong dollar based on the exchange rate quoted by the Bank on the date of reward.
• Customers of the Bank who have authorized the Bank to subscribe for IPO shares by using the internet stock trading system "Shacom Stock" with yellow form or through IPO financing via Internet Stock Trading Platform and the subscription amount has been successfully deducted on the payment date (i.e. the application deadline of the individual IPO and which must be within the Offer Period), can enjoy IPO Subscription fee waiver (normally charged at HKD100 per application, and exclude the loan interest of IPO financing application by any IPO loan application). The offer is not applicable to any IPO settled in non-Hong Kong Dollars. The Bank's securities customers still have to pay 1% brokerage fee and any third party transaction charges such as Transaction Levy, Stamp Duty and Trading Fee, etc for the relevant IPO subscriptions.
• Customers need to pay the brokerage commission and IPO Subscription Fee for the relevant transactions in advance. The discount amount does not include any third party transaction charges such as Stamp Duty, Transaction Levy and Trading Fee, Handling Fee, Securities Management Fee and Transfer Fee, etc.
• The "Offer Period of Brokerage Commission Discount for Buying Securities and IPO Subscription Fee waiver" is in accordance with the table below:

  Month of Securities Transaction	Offer Period of $0 brokerage commission for buying securities & IPO Subscription Fee wavier	Brokerage Commission Reward Date
  May 2024	22 May 2024 to 21 November 2024	On or before 31 December 2024
  June 2024	1 June 2024 to 30 November 2024	On or before 31 December 2024
  July 2024	1 July 2024 to 31 December 2024	On or before 31 January 2025
  August 2024	1 August 2024 to 31 January 2025	On or before 28 February 2025

• The amount of brokerage commission discount will be credited to the HKD settlement accounts held by the Securities Customers.
• Securities Customers should maintain valid securities accounts and settlement accounts at the time when the amount of brokerage commission discount is credited, otherwise the reward will be forfeited without prior notice.
• Should there be any unsuccessful or delayed transactions due to any reason or dispute of the execution of securities transactions of the customers, the decision of the Bank shall be final and conclusive.
• The offers are not applicable to the transactions via our branches or Phone Banking.
• The offers are not applicable to the staff of the bank.

Risk Disclosure:

• The following risk disclosure statement cannot disclose all the risks involved and does not take into account any circ*mstances that are unknown to the Bank. Investment involves risks. Securities and Investment fund are investment products. The price of investment products may go up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying or selling investment products. Any past performance figures shown are not indicative of futures performance. Part of the investment may not be able to liquidate immediately under certain market situation. Customers should refer to relevant offering documents for detailed information, including but not limited to Risk Disclosures, prior to any investment subscription. The products described herein may not be suitable for all people. The decisions to invest are made by customers and customers should not invest in investment products unless the intermediary selling them has explained to them that the product is suitable for them having regard to customers' financial situation, investment experience and investment objectives. Customers should not make any investment decisions based on this document alone. Customers must make their own assessment of the information provided in this document. Customers should carefully consider whether any investment products or services mentioned herein are appropriate for them in view of their financial situations, investment experiences and investment objectives. If customers have any doubt about this material or any relevant offering document, they should consult their own independent advisers on the legal, regulatory, tax, investment and financial implications of the investments (including but not limited to estate duty and withholding tax and other tax obligations which may arise from local or foreign investment) as they deem appropriate to ensure that they understand the nature of the investments in order to consider whether the investments are suitable investments for them.
• Investment Risk in investment funds: The prices of investment funds fluctuate, sometimes dramatically. The price of an investment fund may go up or down and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling investment funds. Investment involves risks. Any past performance figures shown are not indicative of futures performance. Part of the investment may not be able to liquidate immediately under certain market situation. Customers should refer to relevant investment fund offering documents for detailed information, including but not limited to Risk Disclosures, prior to any investment fund subscription. Customers should carefully consider whether any investment products or services mentioned herein are appropriate for them in view of their financial situations, investment experiences and investment objectives. Please refer to explanatory memorandum or relevant materials of the fund for further information. The subscription of investment fund is subject to prevailing regulatory requirements and restrictions and relevant terms and conditions of the Bank. The Bank acts as a distributor of the funds managed by fund houses and the funds are the product of the third party fund houses. For distribution of funds – in respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customers out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customers
• Investment Risk in Securities: The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. Investment involves risks. Any past performance figures shown are not indicative of futures performance. Part of the investment may not able to liquidate immediately under certain market situation. Customers must ensure to read and understand the information of Shanghai and Shenzhen Connect A-shares trading of the Bank including relevant details, trading rules, risk, fees, restriction and notices before investing in Shanghai and Shenzhen Connect A-shares trading.
• Foreign currency investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of foreign currency may result in losses in the event that the customer converts the foreign currency into HKD or other foreign currencies.
• Foreign currency investments are subject to exchange rate fluctuations which may result in losses. If the investment is denominated in a foreign currency or invest in assets denominated in a currency other than the base currency, you may face an exchange rate risk or exchange controls or any other restrictions which the return or amount you receive after redemption may be reduced. The fluctuation in the exchange rate of foreign currency may result in losses in the event that customer converts the foreign currency into Hong Kong dollars or other foreign currencies. If RENMINBI is involved in the investment product(s), offshore RENMINBI exchange rate will be quoted. The offshore RENMINBI exchange rate may be at a premium or discount to the exchange rate for onshore RENMINBI and there may be significant bid and offer spreads. RENMINBI is subject to exchange rate risk, RENMINBI is currently not freely convertible. Customers should be aware that they can conduct conversion of RENMINBI through bank accounts, for which it is subject to the requirements specified by the Relevant Authorities from time to time (the requirements may amend from time to time without any prior notice) the requirements specified by the Bank and/or the RMB position and commercial decisions of the Bank at that moment.
• The above information is for reference only and does not constitute any offer, solicitation, invitation, advice or recommendation to subscribe for or redeem any investments. No indication, representation, guarantee or other assurance as to the outcome of any investment has been made or will be given to you by or on behalf of the Bank. The information (whole or any part of) herein contained may not be quoted, reproduced, distributed, disclosed or published (whether in whole or in part) in any media for any purpose without prior express written consent from the Bank. Subject to applicable laws and regulations, unless due to the negligence or wilful default of the Bank, the Bank's authorised officers, employees or agents, the Bank accepts no liability for the accuracy or completeness of any information or materials contained in this document or the performance or outcome of any investment made or transaction entered into by them in reliance of such information or materials.
• This document has not been reviewed by the Securities and Futures Commission of Hong Kong or any regulatory authorities in Hong Kong.