Home
banner

Invest

Securities Services

Hong Kong Investor Identification Regime (HKIDR)

 

The Hong Kong investor identification regime has been implemented by The Securities and Futures Commission ("SFC") on 20 March 2023. Under the Regime, we are required to submit individual client's identity information (including name, identity document number, type, and place of issue) to the relevant bodies, including SFC, the Exchanges and Clearing Houses.

 

Failure to provide us with the respective information below may mean that we will not, or will no longer be able to carry out your trading instructions or provide you with securities related services (other than to sell, transfer out or withdraw your existing holdings of securities, if any).

 

If you are Individual/ Joint Account Customers:

  1. We would sincerely invite you to provide us your explicit consent as required under the Personal Data (Privacy) Ordinance, for indicating agreement to the purposes of use and transfer of personal data to the relevant bodies. For Joint Account Customers, all account holders have to provide their consents. The "Consent Letter of Inclusion in Personal Information Collection Statement Concerning Securities Trading"1 is available to submit by the following channels:

     

    • Internet stock trading platform (Individual Customers Only)
    • Mobile application "Shacom Stock" (Individual Customers Only)
    • Click here to download and return it to any of our Branches
    • Contact our branch staff and provide the consent by any other means (i.e. email, fax, etc.)

     

  2. In case of changes or updates on your identity document information, you are required to provide us the relevant document promptly that which is first mentioned in the list below save that where you do not hold such document, the next mentioned document should be used and so forth:

     

    • Hong Kong Identity Card;
    • National Identification Document2;
    • Passport.

     

If you are Corporate Customers:

 

  1. In case of changes or updates on your identity document information, you are required to provide us the relevant document promptly that which is first mentioned in the list below save that where you do not hold such document, the next mentioned document should be used and so forth:

     

    • Legal Entity Identifier registration document;
    • Certificate of incorporation;
    • Business registration certificate;
    • Other equivalent documents.

     

 

In addition, to enhance your access experience of our trading services, the Consent Statements for both of Hong Kong and Stock Connect Northbound Market have been bundled into one Form.

 

For further details, you may refer to

  1. SFC Pamphlet "Tips on the Investor Identification Regime"
  2. The "Information for investors" section of the SFC's dedicated HKIDR webpage;
  3. or call our Customer Service Hotline at (852) 2818 0282 for enquiries.

 

Note:

  1. Customers are only required to provide one consent statement for all securities account(s) in our Bank
  2. Please note "Exit-entry Permit for Travelling to and from Hong Kong and Macao", "HKSAR Document of Identity for Visa Purposes"; and "Permit for Proceeding to Hong Kong and Macao" is not accepted by SFC.

 

 

Risk Disclosure Statement

Investment involves risks. The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. This promotional content has not been reviewed by Securities and Futures Commission.

RMB is subject to exchange rate risk. RMB is not freely convertible. Conversion of RMB for customer is subject to the requirements specified by the Bank and /or Relevant Authorities from time to time.

The risk of loss in trading futures contracts or options is substantial. In some circumstances, you may sustain losses in excess of your 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 orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore study and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position and investment objectives. If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry.

Information contained herein has been obtained from sources believed to be reliable. Shanghai Commercial Bank Ltd. has not verified and does not warrant or represent that such information is accurate or complete and it should not be relied upon as such. Shanghai Commercial Bank Ltd. accepts no liability for any loss or damage arising from any inaccuracies or omission or otherwise by reliance on any such information.

Previous pageBack to top