15 June 2018
Since HKEX proposed new rules to broaden Hong Kong's listing regime, the Xiaomi IPO will be one of the companies in the first batch of listing with weighted voting right (WVR) structures. BOOM has reserved HK$2 billion of IPO Financing Facilities for this IPO, and also will
waive the handling fee for subscription. New clients who open accounts during the promotion period can enjoy the following offers:
*Subject to terms and conditions。
Promotion Period:
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Flat Rate Commission and Rewards for New Clients (the "Promotion") – Terms and Conditions
- The Promotion is offered by Boom Securities (H.K.) Limited ("BOOM" or “the Company”).
- The Promotion is valid from to with both dates inclusive (the "Promotion Period").
- The Promotion is only applicable new stock and futures trading clients ("new clients") who:
- live in Hong Kong;
- successfully open an individual or Joint stock & futures trading account with BOOM during the Promotion Period ("New Account");
- do not hold any individual or joint stock & futures trading account with BOOM within a period of 6 months preceding the account opening date; and
- are not BOOM's staff, BOOM's corporate partners or clients introduced by them.
- New clients can enjoy Flat Rate Commission for Hong Kong, U.S. Stocks and Futures (as stated below) in the period from the date on which the New Account is successfully opened until with both dates inclusive ("Flat Rate Commission Trading Period").
- There is no limit on the number or value of Hong Kong, U.S. or futures trades applicable to this Promotion.
- Flat Rate Commission for Hong Kong Stock Trading
- New clients can enjoy a flat rate commission of HKD 8 per trade for buying and selling Hong Kong stocks during the Flat Rate Commission Trading Period. ("Flat Rate Commission for H.K. Stocks")
- Flat Rate Commission for H.K. Stocks is only applicable to buy and sell trades of Hong Kong stocks successfully placed via Internet (computer or mobile) and executed through the New Account during the Flat Rate Commission Trading Period, excluding the following:
- All Hong Kong stocks trades placed by phone;
- IPO shares subscription; and
- Monthly Stock Saving Plan (click here)
- New clients are still required to pay other pass-on charges (including but not limited to stamp duty, levy, trading fee and CCASS fee). Please click here for details.
- "Hong Kong stocks" is defined as stocks listed on the Hong Kong Exchanges and Clearing Limited (HKEx), excluding warrants and callable bull/bear Contracts ("CBBCs").
- Flat Rate Commission for U.S. Stock Trading
- New clients can enjoy a flat rate commission of USD 8 per trade (flat fee for the first 5,000 shares, plus USD 0.01 per share from 5,001st share onwards) for buying and selling U.S. stocks during the Flat Rate Commission Trading Period. ("Flat Rate Commission for U.S. Stocks")
- Flat Rate Commission for U.S. Stocks is only applicable to buy and sell trades of U.S. stocks successfully placed via Internet (computer or mobile) and executed through the New Account during the Flat Rate Commission Trading Period, excluding the following:
- All U.S. stocks trades placed by phone;
- Sell trades of physically-deposited U.S. stocks; and
- Monthly Stock Saving Plan (click here).
- New clients are still required to pay other pass-on charges (including but not limited to sales tax and trading fee). Please click here for details.
- "U.S. stocks" is defined as securities listed on the New York Stock Exchange ("NYSE"), NYSE MKT, NYSE Arca, National Association of Securities Dealers Automated Quotation ("NASDAQ").
- Flat Rate Commission for Hong Kong Futures
- During the Flat Rate Commission Trading Period, new clients can enjoy: (“Flat Rate Commission for Hong Kong Futures”)
- a flat rate commission of HKD 8 per contract per side for buying and selling Hang Seng Index Futures and H-shares Index Futures (“Hong Kong Futures”); and
- a flat rate commission of HKD 3 per contract per side for buying and selling Mini-Hang Seng Index Futures & Mini H-shares Index Futures (“Mini-Hong Kong Futures”).
- Flat Rate Commission for Hong Kong Futures is only applicable to buy and sell trades of Hong Kong Futures or Mini-Hong Kong Futures successfully placed via Internet and executed through the Futures Account during the Flat Rate Commission Trading Period, excluding all the Hong Kong Futures Trades placed by phone.
- New clients are still required to pay other pass-on charges (including but not limited to Exchange Fee, SFC Levy, and Investor Compensation Levy) and Cash Settlement Fee (if applicable). Please click here for details.
Waiver of Handling Fee for Xiaomi IPO Subscription.
The Promotion can be used in conjunction with:
- No Minimum Commission for Warrant/CBBC Trading offer (i.e. new clients can enjoy a special rate of 0.0675%, without minimum commission, for all buy and sell trade transaction of Hong Kong warrants and CBBCs, click here for details); and
- Japan Stock Special Commission 0.188% + Free Japan Real-time Quotes (click here for details).
Rewards and Collection details
- New Clients who execute at least one trade for Hong Kong stock (including but not limited to applying for Xiaomi IPO) via BOOM account on or before the 2nd trading day of Xiaomi listing can get HKD199 value of “Mi Band 2”. This value is based on the retail price from Mi Hong Kong website in 15 May 2018. Limited offer, first come first serve. (“Reward Clients”)
- BOOM will send out the confirmation email and make phone call to the Reward Clients on or before 10 Aug 2018.
- Reward Clients shall collect the Prize in person at BOOM office on the date specified in the confirmation email, otherwise it will become invalid.
- Reward Clients must maintain a valid account with BOOM at the time when the Rewards is confirmed and collected.
- The Rewards is not for sale and thus, it cannot be refunded or exchanged for cash, under any circumstances. The Rewards collected will not be re-issued if malfunction, lost or damaged. Reward Clients shall read and agree the terms and conditions of the service provider.
Other Terms and Conditions
- All new clients can also enjoy a waiver of HKD 200 Account Opening Fee.
- The entitlement to the offers under the Promotion are non-transferable, non-exchangeable or non-redeemable for cash or other services, or it cannot be used to settle any other charges or retained for future use.
- Each New Client is eligible for the Promotion only once. New Clients cannot obtain additional benefits by opening another individual or joint account.
- The Promotion cannot be used in conjunction with any other commission and trading offers (including but not limited to commission waiver, rebates or discount) (if there is any), unless otherwise specified (including paragraph 10 stated above).
- General
- All remarks and footnotes stated in any relevant promotional materials shall form part of the promotional terms and conditions.
- BOOM reserves the right to change the Terms and Conditions or suspend or withdraw part or all of the benefits of offers above at any time at its discretion without prior notice .
- In the event of a dispute arising out of offers above, the decision of BOOM shall be final and conclusive.
- Where there is any discrepancy between the Chinese and English versions of the Terms and Conditions, the English version shall apply and prevail.
- No person other than the client and BOOM (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these terms and conditions.
Risk Disclosure (Securities)
- Investment involves risks. Prices of securities may go up as well as down and may even become valueless.
- Investors should not only base on this website alone to make any investment decision, but should read in detail of the relevant Risk Disclosure Statements.
- Investors should seriously consider if investment in the relevant shares is suitable for his/her investment needs by reference to his/her financial position and other conditions and needs before deciding whether to invest in the relevant shares. If required, investors should obtain independent legal, financial and other professional advice before making any investment decision.
Risk Disclosure (Futures)
- The risk of loss in trading futures contracts is substantial. In some circumstances, investors may sustain losses in excess of his/her initial margin funds. Placing contingent orders, such as “stop loss” or “stop limit” orders, will not necessarily avoid loss. Market conditions may make it impossible to execute such order. There is a possibility that any stop-loss may be cancelled by a futures exchange due to various reasons including where orders are “out of price limits” during a fluctuating market. Investors should closely monitor the orders as the Company may be unable to contact investors in the event of cancellation. Investors may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, investor’s position may be liquidated. Investors will remain liable for any resulting deficit in his/her account.
- Investors should study and understand futures contracts before trading and carefully consider whether such trading is suitable in the light of his/her own financial position and investment objectives.
Important Disclaimer: This website shall not constitute or be regarded as an offer or a solicitation of an offer to buy or sell any security, and no offers or sales of any security will be made in jurisdictions where such offers or sales are not authorized, qualified or exempted from regulation.
The content of this website is issued by BOOM and has not been reviewed by the SFC.