General Information & Regulation
Business Securities Limited is a financial services provider established in 1997. It is a licensed corporation recognized by the Hong Kong Securities and Futures Commission and a participant of the Hong Kong Stock Exchange and holds a number of licenses in securities trading, securities investment advisory, and futures investment advisory, providing a range of financial services to corporations, institutions, and individual investors. Bussiness Securities Ltd (SFC Central No. AEF425), Business Futures Ltd (Central No. AEJ876), and Business Finance (Asia) Ltd (Money Lender License No. 23) Ltd, Business Finance (Asia) Ltd, (Money Lender License: 2346) are all subsidiaries of BFS (Holdings) Ltd.
Regulation
Business Securities Limited (BSL) is a licensed institution in Hong Kong, regulated by the Securities and Futures Commission, holding license AFJ876 for dealing in futures contracts. Established on June 11, 2004, with an email address at futures@bfs.com.hk and a website at www.hkbsl.cn, BSL operates from its physical address at 20-21/F, 83 Queen's Road East, Wan Chai, Hong Kong. Their license does not allow for sharing regulatory privileges with other entities, and while the provided information does not specify an expiry date, it is essential to verify their current regulatory status with the relevant authorities or the institution itself for the most up-to-date information.
Pros and Cons
Business Securities Limited (BSL) offers a range of services for securities and futures trading in both Hong Kong and mainland China. While there are several advantages to consider, such as competitive brokerage commissions and real-time stock price quotes, there are also certain drawbacks, including fees for various services. Clients should carefully evaluate their needs and preferences when considering BSL as their trading partner.
Main Businesses
Business Securities Limited (BSL) offers a range of securities and futures trading services in both Hong Kong and mainland China. Below is a description of its services and associated fees:
Hong Kong Stock Services:
Brokerage Commission: BSL charges a brokerage commission for trading in Hong Kong stocks. Online and smartphone app orders incur a commission of 0.10% on the gross amount, with a minimum fee of HK$50. For phone dial-in orders, the commission is higher at 0.25% on the gross amount, with a minimum of HK$100.
Stamp Duty: A stamp duty of 0.1% is applied on the gross amount of Hong Kong stock transactions and is rounded up to the nearest dollar.
Transaction Levy: BSL charges a transaction levy of 0.0027% on the gross amount of transactions.
HKEx Trading Fee: There is a trading fee of 0.005% applied to the gross amount of Hong Kong stock transactions.
CCASS Fee: BSL charges a fee of 0.003% on the gross amount, with a minimum of HK$2 and a maximum of HK$100. Additionally, there is a charge of 0.00015% on the gross amount rounded to the nearest cent.
FRC Transaction Levy: This fee is waived for transactions.
Scrip Handling and Settlement Services: BSL charges HK$5 per board lot for stock deposit and HK$5 for each transfer deed. There's also a compulsory share buy-back handling fee of HK$300 per transaction.
Account Maintenance: For dormant accounts, there is a fee if the account remains inactive beyond one month, which is HK$50 per statement requested beyond the first month.
Nominee Services and Corporate Actions: Fees for various services related to scrip handling, including fees for certificates, handling charges for dividend claims, and IPO applications, are detailed in the fee schedule.
Financing and Other Services: BSL provides margin account financing at a charge of HK$2 per board lot. There are also charges for cash account overdue interest and handling fees for various services.
Real-Time HK Stocks Price Quote Service:
A Share Connect Services (SSE/SZSE China Connect A Shares):
BSL also offers brokerage services for trading Shanghai and Shenzhen China Connect A Shares. The brokerage commission for phone dial-in orders is 0.25% on the gross amount, with a minimum of RMB 100.
Other fees associated with A Share Connect services include handling fees, securities management fees, transfer fees, stamp duty, and portfolio fees. These fees are applied based on the specific service and transaction type.
BSL's A Share Connect services also include scrip handling, account maintenance, nominee services, and corporate actions, each with its respective fees.
Overall, BSL provides a comprehensive range of securities and futures trading services, with fees that vary depending on the specific service and transaction type, as outlined in the provided fee schedule. It's important for clients to review these fees carefully to understand the cost structure associated with their trading activities.
How to open an account？
To open an account, follow these steps:
Phone Verification: Start by entering your phone number, including the Hong Kong country code (+852). You'll receive a verification code via SMS.
Verification Code: Input the verification code you received on your phone.
Submission: After entering the verification code, click on the “Submit” button.
Prepare Required Documents: Be ready with the following documents for the account opening process:
Identity Card: Make sure you have a valid resident identity card (within its expiration date).
Address Proof: Prepare a document that includes your name and detailed address information as proof of residence.
Contact Customer Service: If you have any questions or need assistance with the account opening process, you can contact the customer service team at +852 2866 8888.
Please note that specific requirements and procedures for opening an account may vary depending on the financial institution or service provider you are dealing with. It's advisable to contact the institution directly or visit their website for detailed information and guidance on the account opening process. Additionally, ensure that you meet all the eligibility criteria and provide accurate and complete documentation for a smooth account opening experience.
Commissions and Fees
Business Securities' trading fees for Hong Kong stocks are 0.01% of the transaction amount (minimum HK$50) for electronic trading, 0.25% (minimum HK$100) for in-person orders, 0.1% of each transaction amount (less than HK$1) for stamp duty, 0.0027% of each transaction amount for transaction levy (SFC) and 0.0027% of each transaction amount for transaction fee (HKEx). 0.005% of each transaction amount and 0.003% of each transaction amount for settlement fee (minimum HK$2 and maximum HK$100). The fees for handling physical stock and settlement services account service fees, agent service and corporate action fees, debit and other services, and instant HK stock quote information service fees are detailed on the official website of BFS East Securities.
Trading Software
Google Play Android Securities Trading Download & App Store iOS Securities Trading Download:
BSL offers securities trading through dedicated mobile apps available for both Android and iOS devices, downloadable from Google Play and the App Store, respectively. These apps provide clients with a user-friendly interface for trading and managing their securities portfolios on their mobile devices.
Android APK Download:
Customer Services
Business Securities' customer service hours are between 09:00 and 17:30 on the official website and are available through the hotline and email.
Summary
Business Securities Limited (BSL) is a licensed institution in Hong Kong, regulated by the Securities and Futures Commission, specializing in futures contracts trading. Established in 2004, BSL operates from its headquarters in Wan Chai, Hong Kong, with a website and email contact for client convenience. BSL provides a comprehensive range of securities and futures trading services, including Hong Kong stock trading with competitive fees and real-time stock price quotes through mobile apps. They also offer brokerage services for trading Shanghai and Shenzhen China Connect A Shares. BSL prioritizes customer support, offering multiple channels for inquiries and assistance, including phone, fax, email, and a physical office address. Additionally, clients can benefit from asset custody measures, investor guarantees, and robust data protection. However, specific account opening requirements and fees may vary, and it's essential for potential clients to verify the latest regulatory status and details with the relevant authorities or BSL itself for up-to-date information.
FAQs
Q: How do I open an account with Business Securities Limited (BSL)？
A: To open an account with BSL, start by providing your phone number, receive a verification code, and then follow the submission process. Prepare necessary documents like your valid resident identity card and proof of residence for account opening. Contact our customer service team at +852 2866 8888 for assistance.
Q: What are the fees for trading Hong Kong stocks with BSL？
A: BSL charges a competitive brokerage commission based on the gross amount of your trade, ranging from 0.10% to 0.25%. Additional fees include stamp duty, transaction levy, HKEx trading fee, CCASS fee, and others. Detailed fee information is available on our website.
Q: Does BSL offer real-time stock price quotes for Hong Kong stocks？
A: Yes, BSL provides real-time stock price quotes through our mobile app trading platforms. You can download the app from Google Play or the App Store for convenient access to live stock market data.
Q: What is the Investor Compensation Fund mentioned in your overview？
A: The Hong Kong Investor Compensation Fund provides compensation protection for investors in the event of a financial institution's insolvency or other specified circumstances. It covers losses up to HK$500,000 per investor, enhancing investor confidence.
Q: How can I contact BSL's customer support team for assistance？
A: You can reach our customer support team through various channels, including phone at +852 2866 8888 or +852 2589 6888 for more specific support needs. We also offer fax support at +852 2866 8800 and email support at info@bfs.com.hk. Our physical office address is 20-21/F, 83 Queen's Road East, Wanchai, Hong Kong, where you can visit for inquiries or document submissions.
