Aspect Summary Company Information Founded: 1988 Listing: Stock Exchange of Hong Kong (Code: 00619) Specialization: Finance and Investment Coverage: China, Taiwan, Southeast Asia, UK Regulation Futures Contracts: Regulated by Securities and Futures Commission (SFC) Leveraged FX: Regulatory status revoked (exercise caution) Services Offered - Securities, FX, Bullion, Financial Futures, Commodities Trading - Corporate Finance, Asset Management, Wealth Planning - IPO Handling, IPO Margin Financing - Discretionary Services, Funds, Bonds, Structured Products - Corporate Insurance Solutions Customer Support - Customer Service Hotline: (852) 2111 2222 - China Toll-Free No: (86) 4001 200 623 - US Stocks Hotline: (852) 2111 2332 - Office Hours: Mon-Fri, 9:00 am - 5:30 pm (Closed Sun & holidays) Deposit & Withdrawal - Deposit: Ensure recipient under South China Group, notify deposit through website or form - Withdrawal: Notify withdrawal through website before 1:00 pm Pros - Diverse range of financial services - Regulatory compliance and oversight - Global presence and wealth management solutions - IPO handling services and margin financing Cons - Abnormal regulatory status for Leveraged FX - Complex fee structure may lead to higher costs - Limited availability during weekends and public holidays Overview: South China Financial Holdings Limited (“SCFH”) (Stock Code: 00619) was founded in 1988 by three investment experts. SCFH specializes in finance and investment and is listed on the Stock Exchange of Hong Kong since July 1993. It provides financial services, including securities, foreign exchange, bullion, financial futures, and global commodities broking and trading, through traditional and online trading platforms. Additionally, it offers corporate finance, assets management, corporate advisory, and underwriting services. Its business coverage extends to China, Taiwan, Southeast Asia, and the United Kingdom. Regulation: Futures contracts: regulated by SFC. Futures contracts offered by South China Financial Holdings Limited (“SCFH”) are closely regulated by the Securities and Futures Commission (SFC) of Hong Kong. The SFC oversees the trading of these financial derivatives, ensuring compliance with stringent rules and guidelines. This regulatory oversight aims to promote market transparency, protect investors' interests, and maintain the stability and integrity of the futures market. Through its adherence to SFC regulations, SCFH provides a secure and trustworthy platform for investors to engage in futures trading while fostering confidence and trust among its clientele. Leveraged FX: Revoked. China Hong Kong SFC (Securities and Futures Commission) holds a license number AQE524. However, it is important to note that its regulatory status is currently abnormal, with the official regulatory status being listed as “Revoked.” This signifies that the SFC has taken action to revoke or suspend its regulatory authorization. As a result, potential investors and clients should exercise caution and be fully aware of the associated risks when engaging with China Hong Kong SFC or any entities associated with it. The abnormal regulatory status may indicate potential issues or concerns that have led to the revocation, and it is essential to conduct thorough due diligence and seek professional advice before making any financial decisions involving this entity. Services and Fees: Personal investment: Here is a organized description of the services offered by South China Financial Holdings Limited: Stock Trading Services: Commission charge for internet trading: 0.0588% (minimum HK$50) Brokerage service charges: Negotiable Transaction fee: 0.00565% (rounded to the nearest cent) SFC transaction levy: 0.0027% (rounded to the nearest cent) Stamp duty: 0.13% (rounded up to the nearest dollar) CCASS Stock Settlement Fee: 0.005% of the transaction amount (minimum HK$5, maximum HK$200) Gray market trading charges: HK$50 per order Collection of Italian Financial Transaction Tax: 0.1% of the net purchase of the day (applicable to Italian companies listed in Hong Kong) Other Delivery Charges: Withdrawal of physical stocks: HK$4 per board lot (minimum charge HK$30) Deposit of physical stocks: Free Share Transfer Tax: HK$5 per transfer deed/certificate Withdrawal of stocks through central clearing: 0.01% of the stock market value (minimum charge of HK$100) Deposit stocks through central clearing: Free Individual Investor Settlement (ISI) – Deposit and Withdrawal: Free Nominee Fees: Share Storage Charges - Free, Collection of bonus shares - HK$5 per board lot, Transfer fee - HK$2.5 per board lot, Dividend collection - 0.5% of the dividend amount Stock Margin Services: Allows customers to use margin credit for stock trading Cash Account: Full amount repayment within 2 days (T + 2) after trading day Margin Financing Account: No minimum repayment required within specific time frame if the margin value (MV) is below 100% IPO Services: Electronic Initial Public Offering (eIPO) Handling fee waived IPO Margin Financing Services: Up to 90% of the value of subscribed shares offered at a competitive interest rate SH-HK / SZ-HK Stock Connect: Commission charge: 0.15% / RMB 50 minimum Handling fee: 0.00487% of the transaction amount (charged in RMB) Management Fee: 0.002% of the transaction amount (charged in RMB) Transfer fee: 0.001% of the transaction amount (charged in RMB) Transaction stamp duty: 0.1% of the transaction amount (charged in RMB) Portfolio fee: 0.008% of the value of the currency (in Hong Kong dollars) Futures Trading: Index Futures, Stock Futures, and Options services available Commission charges and fees vary based on the type of contract and trading method Other/Additional Fees: Wire Transfer Overseas: HK$350 (provide withdrawal information in English), HK$500 (provide withdrawal information in Chinese) Payment by Local Bank Transfer System (CHATS): HK$190 (provide withdrawal information in English), HK$340 (provide withdrawal information in Chinese) Certificate of Account Balance: HK$100 per page Audit certificate (applicable to corporate customers): HK$100 per page Check returned: HK$500 plus penalty interest Reissue monthly statement: HK$100 per month Customers are advised to carefully consider the fees and charges before utilizing the services and consult their financial advisors for detailed information. Wealth Management: South China Financial Holdings Limited offers a Wealth Management service that includes Discretionary Services, Funds, Bonds, Structured Products, Wealth Planning, and Corporate Insurance solutions. Discretionary Services: The company provides investment and asset allocation according to the client's investment strategy and market environment, aiming to achieve returns with risk management. Clients have access to fund products managed by fund managers worldwide. The investment advisory team covers asset classes and fund types, offering a selection of funds, including private equity, real estate, and real asset investment opportunities. Funds: Through their product platform, clients can access funds from asset managers. The company offers investment advice from fund managers and provides investment portfolio solutions. Bonds: South China Financial Holdings offers bond products from around the world. The bond team selects bonds to enrich clients' asset portfolios and increase income. Clients receive the global market outlook and access global bond investment opportunities. Structured Product: The company offers a managed product platform across structures and asset classes. Their products provide investment solutions based on forward-looking investment methods. Clients benefit from investment solutions covering underlying assets and income plans. Wealth Planning: The company provides financing plans and policy pledge loan solutions to enhance capital liquidity and capture investment opportunities. SC Private clients receive asset management, wealth management, and media planning services, tailoring solutions for wealth creation, appreciation, protection, inheritance planning, and financing needs. Corporate Insurance: South China Financial Holdings collaborates with insurance companies worldwide, offering corporate insurance for risk management solutions. The company provides employee welfare programs and VIP protection plans tailored to corporate clients' needs, ensuring business security and reducing risks. With its range of wealth management services, South China Financial Holdings strives to help clients achieve their financial goals, plan for the future, and protect their assets and businesses. How to open account: To open an account with South China Securities Limited, you need to follow these steps and provide the required documents: For Individual / Joint Account: Complete and sign the Client Information Statement (Individual / Joint Account). Complete and sign the Trading Agreement. Complete and sign the Loan Facility Letter (Margin). Accompanying Documents: Copy of the HK ID card or passport of each account holder. Copy of your bank statements or utility bills for the past three months showing proof of address. Submission Options: Mail the account opening forms and supporting documents to the Head Office along with a cheque of HK$10,000 or more made payable to “South China Securities Limited.” The cheque must meet the following criteria: Drawn on your own Hong Kong dollar bank account with a licensed bank in Hong Kong. Have your pre-printed account name, which matches the names on the account opening forms and your HK ID card / passport. Bear the same signature as the account opening forms. OR Arrange for authentication by an appropriate person (notary public, lawyer, or professional person) to countersign on the account opening forms. For Corporate Account: Complete and sign the Client Information Statement (Corporate Account). Complete and sign the Trading Agreement. Accompanying Documents: Memorandum & Articles of Association. Certificate of Incorporation. Business Registration Certificate. Board resolution(s) approving account opening with South China Securities Limited and appointing authorized person(s) to operate the account. Copies of HKID cards / passports of company directors. Latest audited financial statements. For B.V.I. and other non-Hong Kong companies: Additional certified true copies required: Bank account statements for the past three months showing proof of address. Registered Agents Certificate identifying the current directors and officers, verified or issued by the registered agent of the Company. Information on the true beneficial ownership of the Company. Please ensure that all the necessary documents are completed, signed, and provided according to the specific account type you are applying for. Submit the application and supporting documents as per the instructions mentioned above to the Head Office of South China Securities Limited. Deposit and Withdrawl: South China Financial Holdings Limited provides deposit and withdrawal services to its clients. Here are the key points related to deposit and withdrawal: Deposit: Clients should ensure that the recipient(s) of their money deposit or transfer are under the South China Group, and the account(s) they deposit or transfer money to are designated accounts of the company. Clients are advised to keep the deposit slip as it may be requested for verification if needed. Third party's deposit is not accepted. Clients can notify the company of their funds deposit by using the “Deposit” section after login on the website, completing a Funds Deposit Form, or contacting the Customer Service Center. The daily cut-off time for funds transfer instructions within different trading accounts is 3 pm. Securities and stock options clients have a daily cut-off time of 4:00 pm for notification of funds deposit. Withdrawal: Clients can make a withdrawal instruction by selecting the “Withdraw” section after login on the website and filling in the withdrawal details. The daily cut-off time for notification of funds withdrawal is 1:00 pm. Any withdrawal or deposit instruction received after the cut-off time will be handled on the next trading day. Withdrawal in USD can only be done by direct transfer to the client's bank account (handling fees apply). Clients can also complete a Funds Withdrawal Form and send it via email or fax. Third party's deposit is not accepted. For more information or assistance, clients can contact the customer service hotline or visit the website for forms, FAQs, and technical support details. Please note that the above information is a summary of the deposit and withdrawal processes, and clients are advised to refer to the company's official website or contact the customer service hotline for the most up-to-date and comprehensive details. Customer Support: South China Financial Holdings Limited offers customer support services to assist its clients with various inquiries and needs. The company provides multiple channels for clients to reach their customer service team, ensuring accessibility and assistance. Here are the key features of their customer support: Customer Service Hotline: Clients can contact the dedicated customer service hotline at (852) 2111 2222 for general inquiries, account-related matters, and assistance with various financial services. China Toll-Free No: For clients in mainland China, the toll-free number (86) 4001 200 623 allows access to customer support services. US Stocks Hotline: Clients specifically dealing with US Stocks can reach out to the hotline at (852) 2111 2332 for specialized assistance in that area. Office Hours: The company's customer support operates during regular office hours from Monday to Friday, from 9:00 am to 5:30 pm. The office is closed on Sundays and public holidays. Multiple Office Locations: South China Financial Holdings has several office locations, including its head office at Bank of China Tower in Central, Hong Kong, and Office A in Wing Cheong Commercial Building on Jervois Street, Hong Kong. Email and Fax: Clients can use the email address hotline@sctrade.com for written inquiries and correspondence. Additionally, the company can be contacted via fax at (852) 3101 9200. With licensed corporations under Securities and Futures Commission, the company ensures compliance and regulation in their activities, providing a sense of security and trust to their clients. Overall, South China Financial Holdings Limited prioritizes customer support, enabling clients to seek assistance regarding trading, account management, or regulatory matters. Summary: South China Financial Holdings Limited is a well-established financial services company specializing in finance and investment. It offers a diverse range of services, including securities, foreign exchange, bullion, financial futures, and global commodities broking and trading through traditional and online platforms. The company is listed on the Stock Exchange of Hong Kong and operates in China, Taiwan, Southeast Asia, and the United Kingdom. Pros: Diverse Services: South China Financial Holdings offers a wide range of financial services, providing clients with various investment options and solutions to meet their needs. Regulatory Compliance: The company's futures contracts are closely regulated by the Securities and Futures Commission, ensuring market transparency, investor protection, and market stability. Global Presence: The company's business coverage extends to several regions, enabling clients to access international markets and opportunities. Wealth Management: South China Financial Holdings offers a comprehensive wealth management service, including discretionary services, funds, bonds, structured products, wealth planning, and corporate insurance, providing tailored solutions for clients' financial goals. IPO Services: The company provides IPO handling services, including electronic initial public offerings and IPO margin financing, enabling clients to participate in new market offerings. Cons: Abnormal Regulatory Status: The regulatory status of the Leveraged FX services offered by the company has been revoked, indicating potential issues or concerns. This may raise caution and concern among potential investors. Fees and Charges: The company's fee structure for various services can be complex and may involve multiple charges, potentially leading to higher costs for clients. Clients are advised to carefully review the fee schedule before utilizing the services. Limited Availability: The company's office hours are limited to weekdays, which may inconvenience clients who require support during weekends or public holidays. Third-Party Deposit: The company does not accept third-party deposits, which may restrict certain clients from accessing its services. In conclusion, South China Financial Holdings Limited offers a broad spectrum of financial services, catering to the diverse needs of its clients. Its regulatory compliance, global presence, and wealth management services are notable advantages. However, clients should be cautious of the abnormal regulatory status in one of its offerings and thoroughly understand the fee structure before engaging with the company. Overall, the company strives to provide secure and trustworthy financial solutions for its clientele. FAQs: Q1: What services does South China Financial Holdings Limited offer？ A1: South China Financial Holdings Limited offers a range of financial services, including securities trading, foreign exchange, bullion, financial futures, global commodities broking, corporate finance, asset management, wealth planning, and corporate insurance solutions. Q2: Is South China Financial Holdings Limited regulated？ A2: Yes, the company is regulated by the Securities and Futures Commission (SFC) of Hong Kong. Its futures contracts are closely overseen by the SFC to ensure compliance with strict rules and guidelines. Q3: How can I deposit funds into my trading account？ A3: To deposit funds, ensure the recipient(s) are under the South China Group and deposit into designated accounts. You can notify funds deposit through the website, Funds Deposit Form via email or fax, or by contacting the Customer Service Center. Q4: What are the office hours of South China Financial Holdings Limited？ A4: The company's office hours are from Monday to Friday, 9:00 am to 5:30 pm. The offices are closed on Sundays and public holidays. Q5: Does South China Financial Holdings Limited accept third-party deposits？ A5: No, the company does not accept third-party deposits for security reasons. All deposits should be made from the client's own accounts within the South China Group.