Launch of Margin financing services for Japanese stock market, and the update of the JPY Margin Interest rate and Overdue Interest rate

Dear Valued Customers, 

Launch of Margin financing services for Japanese stock market, and the update of the JPY Margin Interest rate and Overdue Interest rate

With effect from 3rd August 2024, CITIC Securities Brokerage (Hong Kong) Limited ("CSBHK") will launch margin financing services for the Japanese stock market, aiming to assist our customers in seizing investment opportunities. Customers can borrow funds for investment by using their holdings of Japanese market securities as collateral, gain greater leverage and enhance investment flexibility.

Starting from the launch date, the Japanese yen margin interest rate* will be 3.5% fixed rate per annum. This new rate will apply to all margin financing transactions involving Japanese yen currency. Additionally, the Japanese yen overdue settlement interest rate*will be 8% fixed rate per annum, applicable to any outstanding balance that remains unpaid beyond the specified settlement deadline.

To avoid incurring overdue settlement interest charges, we recommend that customers prepare sufficient currency in advance to support their transactions.  This is particularly important when it comes to handling currency exchange arrangements that may arise due to public holidays in different regions.

If you are interested in applying for the Japanese stock market service or if you have any questions or require further clarification regarding these updates, please feel free to contact your dedicated account manager or our customer service hotline at 2237 9338 / (86) 400 818 0338.

Yours sincerely, 

CITIC Securities Brokerage (Hong Kong) Limited

*Note: CSBHK reserves the rights to adjust charges above without prior notice. Please refer to the latest service charges listed on our official website.