Theia Securities can provide a Cash Account (CASH ACCOUNT):
Yes, non-Hong Kong residents can open a stock trading account in Hong Kong as long as they have a valid identity document and proof of residential address and correspondence address within the past 3 months.
Yes, once your account is officially activated, you can start trading immediately. All you need to do is deposit funds, and then you can execute trades through your account executive or our online trading platform.
Yes. However, Theia Securities will charge a monthly handling fee of HKD 50 for this service. The fee will be deducted on the first trading day of each month.
FATCA is a U.S. tax legislation that came into effect in 2014. FATCA aims to prevent U.S. taxpayers from using offshore financial accounts to evade U.S. tax obligations.
Under the legislation, all investors who open accounts with Yuansource are required to declare and confirm their tax status according to FATCA requirements. Non-U.S. tax status clients need to complete the W-8 series forms, while U.S. tax status clients need to complete the W-9 form. This financial information will be reported.
Clients must submit the applicable form when completing the account opening application to confirm their U.S. tax status. If their tax status changes, clients should promptly update Yuansource.
Additionally, as per the filing instructions issued by the U.S. Internal Revenue Service (IRS), non-U.S. persons are required to pay withholding tax on certain U.S.-sourced payments, but non-U.S. persons can claim tax treaty benefits by submitting the W-8 form.
You can find detailed information on the website of the U.S. Internal Revenue Service (IRS), which only provides English versions.
Please click the link to learn more:
To promote the principle of reciprocity, Governments around the world are introducing new data collection and reporting requirements for financial institutions, known as CRS.
If it is determined that you have a tax obligation in Hong Kong, Theia Securities as a licensed financial institution, has a responsibility to report your account information to the Hong Kong Inland Revenue Department. *This data will then be transmitted to the tax authorities of other countries or regions.
If the jurisdiction where you are a resident has joined the CRS program, your financial information will be reported. The value of your assets is not a factor in determining whether a client needs to be reported. Regardless of high or low asset values, Theia Securities has a responsibility to collect the specified data and transmit it to the Hong Kong Inland Revenue Department.
No, you cannot. The criteria for the Common Reporting Standard (CRS) have been incorporated into the Hong Kong Inland Revenue Ordinance. Theia Securities has a legal obligation to establish and use proper procedures to collect the specified data and transmit it to the Hong Kong Inland Revenue Department. As long as you have declared all of your tax obligations, you don't need to worry.
All clients need to provide their own self-certification by December 31, 2017 or before. Regarding this, Theia Securities will periodically confirm the specific CRS data with clients.
The Inland Revenue (Amendment) (No. 3) Ordinance 2016 (the "Amendment Ordinance") has established the legal framework for Hong Kong to implement the new international standard on Automatic Exchange of Financial Account Information (AEOI). The first automatic exchange of data took place in 2018. For details, please refer to the website of Inland Revenue Department. (https://www.ird.gov.hk/chi/tax/dta_aeoi.htm) of Hong Kong.
A risk tolerance assessment is a step that investors go through before purchasing relevant investment products. It is used to understand the investor's risk tolerance level and other relevant circumstances, in order to assist the investor in selecting suitable financial products or services. The goal is to ensure the investment products or services provided match the investor's risk tolerance level.
Based on the assessment of these two key components - investment ability and investment willingness - the financial institution will categorize the investor's risk tolerance level into high, medium, or low.
The entire account opening process can be completed online, providing clients with a convenient and efficient way to set up their securities trading account with Theia Securities.
The customer service team will be happy to provide guidance and help you through the account opening process. They can clarify the rejection reason, advise on the required updates, and ensure your resubmitted application is processed smoothly.
You can address the issues that led to the initial rejection and successfully open your account with Theia Securities.
If you need any support throughout the account opening journey, please don't hesitate to reach out to our Customer Service at +852 3168 0320
Verify the Bank Card Information:
Ensure Identity Document Consistency:
Try a Different Bank Card:
Manual Data Correction:
Contact Customer Service:
Compliance Review:
Approval Notification:
Email Notification:
Login Credentials:
The Hong Kong stock market operates on a T+0, the stocks purchased on a certain day can be sold on the same day, allowing for same-day round-trip trading.
Excluding public holidays and market closures due to adverse weather conditions, the Hong Kong securities market generally trades from Monday to Friday with the following trading sessions:
Pre-opening Session:
Continuous Trading Session:
Closing Auction Session:
The market is closed on Saturdays, Sundays, and public holidays in Hong Kong.
Excluding public holidays and market closures due to adverse weather conditions, the US securities market generally trades from Monday to Friday with the following trading hours:
Continuous Trading Session:
Time Zone Differences:
Pre-market and After-hours Trading:
Price Limits:
The market is closed on weekends and public holidays.
Excluding public holidays and market closures due to adverse weather conditions, trading is conducted from Monday to Friday with the following trading sessions:
Pre-opening Session:
Continuous Trading Session:
Closing Auction Session:
The market is closed on Saturdays, Sundays, and public holidays.
No, margin trading is not allowed for A-shares traded through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.
If Clients Require Northbound Trading Services through Stock Connect, the Broker Needs to:
Assign a Broker Client Number (BCAN) for Each Northbound Trading Client:
Provide the Corresponding Investor Identification Information (CID):
Include the BCAN in Each Northbound Trading Order:
This process allows the client to utilize the Northbound trading services under the Stock Connect program. The BCAN and CID framework enables the exchanges and regulators to identify the ultimate investors behind the Northbound trading activities.
If the Aggregate Foreign Shareholding of Shanghai-Hong Kong or Shenzhen-Hong Kong Stock Connect Stocks Exceeds the Limit (Currently Set at 30%) happened, the SSE or SZSE will instruct HKEX on the number of shares that need to be sold within 5 trading days to bring the foreign shareholding back below the 30% limit.
Investors are required to disclose their interests in the A-shares if their shareholdings reach or exceed 5% of the total issued shares of the listed company.The disclosure must be made to the listed company and the relevant stock exchange (Shanghai Stock Exchange or Shenzhen Stock Exchange).
To Fully Protect Client Interests, Please Complete the Relevant Authorization Documents:
Third Party Authorization:
Discretionary Account Authorization:
Generally, your buy and sell orders may not be accepted in the following situations:
Insufficient Purchasing Power in the Account:
Pending Buy Orders:
Missing Personal Data Collection Consent:
Hong Kong market, includes the following investment products:
Equity Securities:
Debt Securities:
Collective Investment Schemes:
Exchange-Traded Funds (ETFs)
Warrants
Please contact our customer service at +852 3168 0320 or email to cs@theiasec.com.
If you are unable to modify or cancel your trade orders through your computer or communication devices, please immediately contact our customer service at +852 3168 0320
Dual-Factor Authentication (2FA) is a security mechanism that requires two forms of verification to confirm a user's identity, such as private information, personal items, and biometric characteristics. This is an effective way to prevent hacker attacks.
The Securities and Futures Commission (SFC) issued the "Guidelines on the Reduction and Mitigation of Hacking Risks Associated with Internet Trading" in October 2017, stating that internet trading accounts should implement 2FA for client login procedures. This involves verifying the client's identity using information the client knows (such as a login password) and something the client possesses (such as a mobile phone).
Using 2FA makes it difficult for hackers to obtain and crack, effectively reducing the risk of unauthorized access. When clients log in to their online trading accounts, they must use the 2FA mechanism to ensure their personal information or passwords are not stolen.
During the login process, in addition to entering the login name and password, the system will immediately send a 2FA code via SMS to the registered phone number of the client.
Even if the client is not physically located in Hong Kong, as long as the client's mobile network provider supports the service of receiving international SMS messages, client can still receive the security codes. However, since the delivery of SMS messages depends on the support of the network provider, some network providers may charge the client a fee for receiving the SMS messages.
Hong Kong stock trading is calculated on the basis of (T+0), client in the Hong Kong Market can intraday trading, which will be more flexible than the Mainland China market.
Customers can follow the following deposit instructions and notify "Theia" through the "Theia Securities" mobile app or email to cs@theiasec.com to handle the deposit procedures.
FPS (Faster Payment System) Electronic Payment Service:
Direct bank transfer via online banking:
Branch deposit or ATM transfer:
Cheque deposit:
No, cash deposits are not allowed.
Cash is an untraceable source of funds, which makes it a common tool for money laundering. Due to the laws and risks related to combating money laundering and terrorist financing, most financial institutions and brokerages do not accept cash deposits under normal circumstances.
Via the Theia Securities mobile app or email to cs@theiasec.com
Clients are requested to use the registered phone number to upload the deposit receipt or the registered email address to send the bank deposit receipt to our Customer Service department.
After we receive your transfer receipt, we will need to conduct an account verification process. The cut-off time for same-day deposits on business days is 4:45 PM. Any transfer receipts submitted after this time will be processed on the next business day.
Clients can also log in to the "eStatement Inquiry" section on our company website to view the daily statement and check the account status.
After each transaction, the settlement is automatically processed in the trading account, and the deposits are held in the trust account that Theia Securities maintains for clients at a licensed bank in Hong Kong.
After each transaction, the funds are automatically transferred to the client's registered bank account.
Here are the cutoff times for Theia Securities:
FPS (Faster Payment System) Withdrawal:
Chats Withdrawal:
Telegraphic Transfer Withdrawal:
Cheque Withdrawal:
If the client does not have a Hong Kong bank account, the client can download and fill out the "Withdrawal Instruction" application form from the company's website and submit it back to the company. The withdrawal instruction will be processed as soon as possible according to the client's request.
Clients need to bring the physical share certificates to the bank in person and sign on the transfer section on the back of the share certificates or on the transfer form.
When depositing the shares, the client needs to pay a HKD 5 stamp duty fee for each transfer deed.
The name on the physical share certificate must match the account name. Any physical shares deposited after 12:00 PM will be processed on the next business day.
The deposited physical shares will need to be transferred through the Central Clearing and Settlement System (CCASS) before the client can sell them, which typically takes around 10 business days. In special circumstances, the client may be able to sell the deposited physical shares on the same day, but the sale proceeds can only be withdrawn after the CCASS transfer is approved.
Clients can download and complete the "Physical Share Withdrawal Form" from the company's website, and submit the form to the company. After verifying the signature, the company will proceed with the withdrawal on the client's behalf. Once the physical share certificates are ready for collection, the company will promptly notify the client to come to the bank to collect them. The client must personally sign for the physical share certificates.
Important Notes:
If the client authorizes a third party to collect the physical shares, the client must submit the original authorization letter and the authorized person must present their identification document for verification.
It typically takes around 3 business days from the application to the actual collection of the physical share certificates, except for odd lots. The withdrawal of the shares must be on a delivery-versus-payment basis.
The client needs to notify their broker or custodian and provide instructions for the share transfer out or transfer in.
The client can download and complete the "Settlement Instruction/Investor Settlement Instruction" form from the company's website.
The information required for the custody transfer is as follows:
Company Chinese Name: 远源證券有限公司
Company English Name: Theia Securities Limited
CCASS Participant ID: B02114
Contact Person: Settlement Department
Phone: +852 3168 0318
If clients need to transfer their physical share certificates to be held under their own name, they can either register the transfer themselves at the relevant share registrar or have our company handle the process on their behalf.
If the client chooses to have our company handle the transfer on their behalf, the client will need to pay the relevant service fees.
Stock indices are a proportional function of the market capitalization of the index portfolio, and their fluctuations represent the rate of return of this investment portfolio. However, in the calculation of stock indices, the transaction costs of the stocks are not deducted, so the actual returns of investors will be less than the fluctuations of the stock index (the fluctuations of the stock index represent the maximum investment return of the index portfolio).
A common saying in the stock market is "bulls make money, bears lose money," which means that investors make profits in a bull market and incur losses in a bear market. But if we analyze investors as an investment collective, they may not necessarily profit even in a bull market.
When a publicly listed company distributes stock dividends to its shareholders, which means the company's retained earnings are converted into capital increase or stock split, the stock price will undergo an ex-rights (XR) adjustment. XR is an abbreviation for "EXCLUDE RIGHT".
When a publicly listed company distributes cash dividends to its shareholders, the stock price will undergo an ex-dividend (XD) adjustment. XD is an abbreviation for "EXCLUDE DIVIDEND".
DR indicates the day when the stock trades ex-dividend or ex-rights, where D stands for "DIVIDEND" and R stands for "RIGHT".
When a publicly listed company announces a stock dividend or stock split, the stock is referred to as a "with-rights stock" before the bonus shares are distributed or the stock split is completed.
The company must first report to the regulatory authority for approval before carrying out the ex-rights procedures. After the approval, the company can then determine the record date for stockholders and the ex-rights base date.
Shareholders who own the stock on the record date will have the right to receive or subscribe to the bonus shares, and thus participate in the dividend distribution or stock split.
Stock Dividends:
Capitalization of Reserves:
H-Shares:
A-Shares:
Initial Public Offering (IPO) refers to the process by which a company plans to raise capital in the capital market by issuing stocks. The company usually entrusts financial institutions to handle the listing matters, including printing the prospectus, determining the offering price, and underwriting, etc.
The public offering of new shares to investors is usually referred to as the "primary market". Through this market, the company can raise funds for future development.
After the new shares are in the hands of the subscribers, the subscribers become one of the shareholders of the company. The holders of these new shares can then trade them on the Hong Kong Stock Exchange, also known as the "secondary market".
Please visit the HKEX Disclosure of Interests website at https://www.hkexnews.hk/index_c.htm
In the past, the subscription process required investors to manually fill out forms or directly notify the company's broker. Now, clients can also apply for subscription through our online trading platform, which is convenient and reliable. Clients only need to select the new shares to subscribe to, the number of shares, the subscription amount, and whether they require financing, among a few simple data points, on the online platform.
To modify or cancel a new share subscription, the relevant instructions must be provided before the deadline announced by our company. The trading software cannot be used to submit these instructions. Clients who wish to change or cancel their orders can call +852 3168 0318 to contact the Trading Department and place the request.
Customers can log in to the online trading platform on the refund date, which is the trading day before the new shares are listed. The allocated shares and funds will be deposited into the customer's account during the trading session (before 3:30 PM) on that day. Please log in to check.
If your account is linked to a mobile number, we will also send an SMS notification on the refund date to inform you of the new share allocation results. We also recommend that you consult your client manager for more information about the results.
Free
If the subscription is successful, a fee of 1.0077% will be charged. The fees include 1.0% brokerage commission, 0.0027% SFC transaction levy, and 0.005% Hong Kong Stock Exchange trading fee.
Please refer to the new share offering prospectus for more details.
The cash subscription handling fee and subscription fee will be deducted from the account on the new share offering closing date.
For financing subscriptions, the deposit will be deducted from the account on the new share offering closing date. The handling fee and interest will then be deducted on the refund date. After deducting the relevant fees, any unsuccessful subscription amounts will be refunded to the client's account on the refund date.
If the subscription is unsuccessful, the subscription funds will be returned on the announcement date of the results. The funds can then be used for stock trading, currency exchange, or withdrawal (please refer to the fund transfer section for the time required for fund withdrawals).
Yes, the client must ensure that there are sufficient funds in the account when submitting the order for the subscription.
After the announcement of the new share allocation results, if your account's margin ratio is insufficient, it will trigger a margin call. The company will issue a margin top-up notice to you. Please deposit the required margin amount before the shares start trading, otherwise the firm has the right to close out your position without prior notice to you.
(For the timeline regarding fund withdrawals, please refer to the "Fund Transfer" section.)
No, you can adjust the subscription amount based on your own needs. The maximum loan amount from the firm for the new share subscription is 90% of the subscription amount.
No, you cannot apply for both cash subscription and margin subscription simultaneously. You can only choose one subscription method.
If there are outstanding debts in the account, the funds deposited on the same day will first be used to repay the outstanding debt. If there is no outstanding debt in the account, the funds can be directly used for new share subscriptions.
If the new share subscription deadline has not yet expired by T+2 (trade date plus 2 business days) after selling stocks on the same day, then the proceeds can be used for the new share subscription on the same day.
No, the allocation basis for new share subscriptions depends on the number of valid new share subscription applications received, and the allocation results are announced by the Hong Kong Exchanges and Clearing (HKEX).
Important Reminder:
New share subscriptions can only be made through one securities firm or authorized institution. If subscription requests are submitted through two or more securities firms, all requests may/have a chance of being rejected, resulting in the subscription failure.
Warning: scammers impersonating Theia Securities Limited
We have recently received reports from members of the public about imposters posing as our staff claiming that we had found irregularities in the recipients’ stock trading. The scammers further asked the recipients to provide more trading information.
We stressed that GUANHONG SECURITIES PTY LIMITED or GH-security are not related to us.
The SFC reminds the public not to respond to any requests on instant messaging apps or social media claiming to be from licensed corporations, and more importantly, they should verify the other party's identity first and not to transfer any funds or provide personal information to them immediately.
Stay vigilant to avoid falling victim to scams. Please also refer to the SFC's Alert List (https://www.sfc.hk/en/Alert_List) and the Police’s Anti-Deception Coordination Centre’s webpage (https://www.adcc.gov.hk/en-hk/home.html) for latest alerts.
Theia Securities Limited
