HKD-RMB DUAL COUNTER MODEL Trading Guidelines

Dear Valued Client,

Hong Kong Exchanges and Clearing Limited (HKEX) will launch the Hong Kong Dollar (HKD)-Renminbi (RMB) Dual Counter Model (Model) on 19 June 2023. Under the “Dual Counter Model”, investors will be able to interchange securities listed in both HKD and RMB counters. Securities under the two counters are of the same class and holdings of securities in the two counters can be transferred without change of beneficial ownership. CITIC Securities Brokerage (HK) Limited (“CSBHK”), is ready to support the trading of stocks under the “Dual Counter Model”. Clients can conduct inter-counter trades through your Account Manager at the moment and Internet channels will be available shortly upon completion of our system enhancement.

Inter-counter trading notes:

I. In line with the existing allocation arrangement, the stock code for the RMB counter will be a 5- digit number starting with an “8”, while a 5-digit number starting with a “0” would be assigned for the HKD counter. The last four digits of the stock codes for the two counters will normally be the same. The stock short names for the two counters are also different. For the RMB counter, the stock short name will end with “-R” to indicate that the securities are traded in RMB. There will be no specific marking in the stock short name of the HKD counter. 

II. Clients should be fully aware of any potential risks associated with manual trading process as it may take some time to go through our internal approval workflow before your trading instruction being sent to the market. 

III. A transfer fee of 100 HKD per effected will be charged if clients place a stock transfer instruction only. (Transfer fee is not applicable for inter-counter transactions)

IV. For “Dual Counter Model” FAQ, please click here for more details. For “Dual Counter Securities” and more materials, please visit the website of HKEX .

If you have any enquiries, please do not hesitate to contact your Account Manager or call our Customer Service Hotline at (852) 2237 9338 / 400 818 0338, or via email csi-callcentre@citics.com.hk.

Yours faithfully,

CITIC Securities Brokerage (HK) Limited