Example of calculation rules for trading commissions, third-party fees, and margin financing interest in the Hong Kong stock market

Below are examples of the calculation rules for trading commissions, third-party fees, and margin financing interest in the Hong Kong stock market.

1. Example

Transaction Date	Delivery Date	Market	Currency	Stock code	Side	Price	Trading Volume	Turnover
11 November	13 November	HK	HKD	1288.HK	Buy	2.98	35,000	104,300.00
11 November	13 November	HK	HKD	1288.HK	Buy	2.99	2,000	5,980.00
12 November	14 November	HK	HKD	1288.HK	Sell	3.02	30,000	90,600.00
12 November	14 November	HK	HKD	1288.HK	Sell	3.02	6,000	18,120.00

2. Commission Rate

Market	HK Market
Currency	HKD
Trading commission	0.03% per order / Min. charge 3 HKD
Platform Fee	15 HKD per order
Margin interest	5.75%
Clearing Fee	0.002% * Trade Value Min. 2 HKD and Max. 100 HKD / Order
Stamp duty	0.1% * Trade Value (Rounding up to the nearest integer) For example, 2.01 HKD will be counted as 3.00HKD
Transaction Fee	0.00565% * Transaction amount (min. charge 0.01 HKD)
Transaction Levy	0.0027% * Transaction amount (min. charge 0.01 HKD)
FRC Transaction Levy	0.00015% * Transaction amount (min. charge 0.01 HKD)

3. Rules

Commission / trading platform fee calculation rules: Commission and platform fee are calculated separately and collected according to individual orders.

Margin Interest calculation rules：No interest will be calculated before transaction is settled,Interest will be calculated after settlement completes

Lifetime commission-free rule: The card will take effect the next day after activation, and the relevant market will be exempted from trading commission except for Pre-IPO trading.

4. Calculation results

Commission / trading platform fee

01288.HK stocks were purchased on 11 November, and two orders completed at different times are considered different orders. Each order will also be treated as separated trades and commissions are calculated separately.

The calculation results are as follows:

Transaction Date	Delivery Date	Market	Currency	Side	Price	Trading Volume	Turnover	Commission	Platform fee
11 November	13 November	HK	HKD	Buy	2.98	35,000	104,300.00	31.29	15
11 November	13 November	HK	HKD	Buy	2.99	2,000	5,980.00	3	15

01288.HK stocks were sold on 12 November, and two orders completed at different times are considered different orders. Each order will also be treated as separated trades and commissions are calculated separately.

The calculation results are as follows:

Transaction Date	Delivery Date	Market	Currency	Side	Price	Trading Volume	Turnover	Commission	Platform fee
12 November	14 November	HK	HKD	Sell	3.02	30,000	90,600.00	27.18	15
12 November	14 November	HK	HKD	Sell	3.02	6,000	18,120.00	5.44	15

Third-party agency fees

01288.HK stocks were purchased on 11 November and executed at different points in time. Two orders were executed in total. Third-party agency fees are calculated as follows:

Price	Trading Volume	Turnover	Clearing Fee	Stamp duty	Transaction Fee	Transaction Levy	FRC Transaction Levy	Total Third-party agency fees
2.98	35,000	104,300.00	2.09	105	5.90	2.82	0.16	115.97
2.99	2,000	5,980.00	2	6	0.34	0.16	0.01	8.51

01288.HK stocks were sold on 12 November and executed at different points in time. Two orders were executed in total. Third-party agency fees are calculated as follows:

Price	Trading Volume	Turnover	Clearing Fee	Stamp duty	Transaction Fee	Transaction Levy	FRC Transaction Levy	Total Third-party agency fees
3.02	30,000	90,600.00	2	91	5.12	2.45	0.14	100.71
3.02	6,000	18,120.00	2	19	1.03	0.49	0.03	22.55

Margin Interest

If the account cash balance is 0 as HK dollar, means that allows you to borrow cash to purchase stocks. (Clients needed to meet margin requirements)

Buying 01288.HK stock on 11 November, the settlement amount required for delivery on 13 November is:

（104,300+31.29+15+115.97）+（5,980+3+15+8.51）=110,468.77.

Selling 01288.HK stock on 12 November, the settlement amount required for delivery on 14 November is:

（90,600-27.18-15-100.71）+（18,120-5.44-15-22.55）=108,534.12.

Date	Cash balance	Margin interest	Remarks
11 November	-	-	No interest will be calculated before cash is settled
12 November	-	-	No interest will be calculated before cash is settled
13 November	-110,468.77	-110,468.77*5.75%/365	Interest will be calculated after settlement completes
14 November	-110,468.77 +108,534.12	-1,934.65* 5.75%/365	Interest will be calculated after settlement completes
15 November	-110,468.77 +108,534.12	-1,934.65* 5.75%/365	Interest will be calculated after settlement completes
16 November	-110,468.77 +108,534.12	-1,934.65* 5.75%/365	Interest will be calculated after settlement completes

Key takeaways:

Fee calculation: Trading commissions are calculated separately for each order and are not aggregated.
Margin financing interest calculation: No interest is charged on undelivered trading; interest begins to accrue from the delivery day.
Commission-free rule: The coupon takes effect on the next day after being activated, and commissions for non-dark market trading in the corresponding market will be waived.

Disclosures

This article is for reference only and does not constitute any investment advice.