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CSCI

Hong Kong|10-15 years|
Dealing in futures contracts|Suspicious Scope of Business|

http://www.csci.hk/en/

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Hong Kong 3.93

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Contact

+852 3465 5600
cs@csci.hk
http://www.csci.hk/en/
18/F, Two Exchange Square, Central, Hong Kong China

Licenses

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Contact number

English

+852 3465 5600

Traditional Chinese(HK)

400-1208-108

Broker Information

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Company Name

中信建投(国际)金融控股有限公司

Company Abbreviation

CSCI

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

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CSCI · Company Summary

Aspect Information
Registered Country/Area Hong Kong
Founded Year 10-15 years ago
Company Name 中信建投(国际)金融控股有限公司 (China Securities (International) Brokerage Company Limited)
Regulation Not subject to regulation
Minimum Deposit N/A
Maximum Leverage N/A
Fees Fees for securities trading services include telephone trading, online trading, transaction fees, and other levies
Trading Platforms Downloadable software for Hong Kong and US stock trading, web versions for Hong Kong and US stocks
Tradable Assets Hong Kong stock market, US stock market, global markets, futures market, fund trading, A-share market, bonds, insurance
Account Types N/A
Service Asset management services, corporate financing services, equity and debt capital market services
Customer Support Email (cs@csci.hk), phone (95587, option 7)
Payment Methods Funds can be deposited and withdrawn through various banks

Overview of CSCI

CSCI, the China Securities (International) Brokerage Company Limited, is an unregulated financial entity based in Hong Kong. As an unregulated company, it operates without specific oversight or regulation from any governing body, which raises concerns about potential risks and uncertainties associated with its operations. Clients and investors should exercise caution when engaging with CSCI due to the lack of regulatory control.

CSCI offers a range of services, including asset management, corporate financing, and equity and debt capital market services. Through its subsidiary, China Securities (International) Asset Management Limited, it provides asset management services with a focus on customized portfolios, risk management, and diversified products. In corporate financing, CSCI caters to various sectors and offers services such as IPOs, mergers and acquisitions, and secondary market placements. The company also specializes in equity and debt capital market services, providing innovative financing solutions and advice.

In terms of market instruments, CSCI provides access to various markets, including the Hong Kong stock market, US stock market, global markets, futures market, fund trading, A-share market, bonds, and insurance products. These offerings allow investors to diversify their portfolios and invest in different themes, sectors, and regions. However, it is important to note that these services come with associated fees, including transaction fees, government levies, and interest rates for margin services.

CSCI offers multiple trading platforms for different types of trading, including downloadable software for Hong Kong and US stock trading, a futures trading client, and web versions for trading in Hong Kong and US stocks. The platforms are available for both mobile and PC users, emphasizing functionality rather than positive attributes. Customer support is available through email and phone, and CSCI's customer support team can be reached during specific hours.

It is crucial for potential clients and investors to carefully consider the risks associated with engaging with an unregulated entity like CSCI. The lack of regulatory oversight and the single exposure complaint on WikiFX should be taken into account when making decisions.

basic-info

Pros and Cons

CSCI's lack of regulation raises concerns about potential risks and uncertainties for investors. While they offer asset management services, corporate financing services, and access to equity and debt capital markets, the absence of regulatory oversight leaves clients exposed to potential risks. Additionally, there is a single exposure complaint related to a pyramid scheme and issues with fund withdrawal, further highlighting the risks associated with engaging with an unregulated entity. It's important to note that CSCI does not provide a demo account and has limited payment methods available. Furthermore, advanced trading tools are not provided, which may limit the trading capabilities of investors. Overall, while CSCI offers various services and market access, the lack of regulation and associated risks are important factors to consider.

Pros Cons
Asset Management Services CSCI is not subject to regulation, raising concerns about potential risks and uncertainties
Corporate Financing Services No demo account available
Equity and Debt Capital Market Services Single exposure complaint related to pyramid scheme and issues with fund withdrawal
Access to Hong Kong Stock Market Limited payment methods
Access to US Stock Market No advanced trading tools provided
Range of Trading Platforms
Futures Market
Fund Trading
A-Share Market
Range of Bond Options
Insurance Products
Range of Trading Platforms

Is CSCI Legit?

The China Securities (International) Brokerage Company Limited (CSCI) is not subject to regulation. It operates without specific oversight or regulation from any governing body. The lack of regulatory control over CSCI raises concerns about the potential risks and uncertainties associated with its operations. Clients and investors should exercise caution when engaging with an unregulated entity like CSCI.

regulation

Service

1. Asset Management Services:

CSCI offers asset management services through its subsidiary, China Securities (International) Asset Management Limited. They provide diversified products covering different regions and cater to various investment preferences and objectives. Their services include managing private funds in bond and equity markets, ensuring customized portfolios for clients and active risk management.

2. Corporate Financing Services:

CSCI is committed to providing comprehensive corporate financing services. They have industry-specific groups covering sectors like biotechnology, education, media and entertainment, consumer goods, telecommunications and technology, new energy, transportation, and infrastructure. Their services include IPOs, mergers and acquisitions, subsequent offerings, secondary market placements, private placements, and rights issues.

3. Equity and Debt Capital Market Services:

CSCI's Equity Capital Market (ECM) team collaborates with Asian companies and government agencies for equity and equity-linked financing projects. They provide professional advice and innovative financing solutions, including IPOs, follow-on offerings, secondary market placements, private placements, rights issues, and convertible/exchangeable bond issuances. Additionally, CSCI specializes in debt financing solutions, such as credit bonds, convertible bonds, exchangeable bonds, and structured notes, tailored to meet clients' specific needs.

service

Wealth Management

1. HONG KONG STOCK MARKET: CSCI tracks the Hong Kong market through ETFs such as the Prosperous Fund and the Hang Seng Index. These funds provide exposure to assets related to overseas shares.

2. US STOCK MARKET: CSCI offers various ETFs related to the US market, including those focused on commodities such as oil and gold, as well as major indices like the S&P 500 and Nasdaq. These ETFs allow investors to take long or short positions based on their market outlook.

3. GLOBAL MARKETS: CSCI provides access to international markets, including South Korean, Japanese, Philippine, Canadian, Indonesian, Thai, Singaporean, Malaysian, Australian, and British stocks. Investors can diversify their portfolios by investing in these markets through CSCI.

4. FUTURES MARKET: CSCI offers futures trading services for the Hong Kong market. The available futures contracts include the Hang Seng Index Futures, Mini Hang Seng Index Futures, H-share Index Futures, and Mini H-share Index Futures. These contracts allow investors to speculate on the future direction of the respective indices.

5. FUND TRADING: CSCI facilitates fund trading, allowing investors to invest in various types of funds. These funds cover different themes and sectors, such as 5G, AI, cloud computing, high-yield US dollar bonds, and US government bonds. Investors can choose funds that align with their investment preferences.

6. A-SHARE MARKET: CSCI provides services for the A-share market, allowing investors to trade Chinese stocks listed on mainland exchanges. This market provides opportunities for investors interested in Chinese companies.

7. BONDS: CSCI offers a range of bond options, including corporate bonds, government bonds, perpetual bonds, callable bonds, and convertible bonds. These bonds provide investors with different risk and return profiles.

8. INSURANCE: CSCI offers insurance products, including life insurance, universal life insurance, medical insurance, home insurance, annuity insurance, director and officer liability insurance, and engineering insurance. These insurance products cater to various risk management needs.

Pros and Cons

Pros Cons
Access to Hong Kong Stock Market Limited information on trading volumes and liquidity.
Access to US Stock Market
Global Market Access

Fees

The fees for CSCI's securities trading services include telephone trading, online trading, transaction fees, and other transaction levies. For telephone trading services, the fee is 0.25% of the transaction amount, with a minimum of HKD 100 per transaction. Similarly, for online trading services, the fee is 0.20% of the transaction amount, with a minimum of HKD 100 per transaction. Additionally, there are various transaction fees and levies to consider. The government stamp duty is 0.13%, calculated as HKD 1 even if the amount is less than HKD 1. The Securities and Futures Commission transaction levy is 0.0027% based on the transaction amount. The Hong Kong Exchanges and Clearing transaction fee is 0.00565%, also based on the transaction amount. The Central Clearing and Settlement System charges 0.002% per transaction, with a minimum of HKD 5 and a maximum of HKD 500. The Financial Services and the Treasury Bureau levies 0.00015% based on each transaction amount, rounded to the nearest cent (effective from January 1, 2022).

CSCI also provides margin (financing) services, with fees based on the financing amount and interest rates. For margin account loans, the fee is calculated based on whether the amount is lower than or equal to the loan value or higher than the account value. If it's lower or equal to the loan value, the fee is Hong Kong banks' most favorable lending rate (P) plus 3%. If it exceeds the loan value, the fee is P plus 8%. And if it exceeds the account value, the fee is P plus 13%.

Regarding agency services and corporate actions, CSCI charges fees for services such as physical stock deposit and withdrawal, stock transfer instructions, dividend collection, rights subscription, and more. The fees for these services vary and are determined based on specific criteria. For example, for physical stock withdrawal, there is a charge of HKD 5 per hand (including odd lots). For stock transfer instructions, the fee for S.I. transfer-in is waived, while S.I. transfer-out incurs a charge of 0.25% of the previous day's closing value, with a minimum of HKD 100 per stock. The fee for I.S.I. stock transfer instructions is 0.01% of the previous day's closing value, with a minimum of HKD 100 per stock and HKD 50 per instruction.

CSCI also offers other services with corresponding fees, including check payment termination, check return fees, transfer payments, telegraphic transfers, issuance of account confirmation letters, provision of asset certification records, provision of daily and monthly statements, and mailing of statements. The fees for these services vary and are specified accordingly.

It's important to note that the fees mentioned above do not include charges imposed by banks, clearing companies, exchanges, government, or tax authorities. The actual fees may vary based on the requirements of the securities agent, and CSCI reserves the right to adjust the fees without prior notice. The most favorable lending rate, effective from May 17, 2023, is 6% per annum. Please refer to the company's official announcements for the most up-to-date fee information.

Deposit & Withdrawal

Funds can be deposited and withdrawn through various banks such as Hongkong and Shanghai Banking Corporation Limited, Bank of China (Hong Kong) Limited, and Industrial and Commercial Bank of China (Asia) Limited. Prior application for online banking and setting transaction limits is necessary. When depositing in person, provide your account name and fund account number on the deposit receipt. For online banking, include this information in the transfer remarks. Fax or email the deposit receipt or transfer remarks along with a bank check copy if applicable. Deposit notifications received before 4:00 pm on a trading day are processed the same day, while those received after 4:00 pm are processed the next day. We may reject third-party deposits and associated bank charges are the client's responsibility. Cash deposits, including ATM and bank counter deposits, are not accepted. Use online or mobile banking for faster and comprehensive transfers. For inquiries, contact our brokers at (852) 3465-5600 or use the CITIC Securities International computer client, online trading web page, or mobile app.

Pros and Cons

Pros Cons
Multiple bank options for deposit and withdrawal Prior application for online banking and setting transaction limits required
Availability of online and mobile banking options Rejection of third-party deposits and client responsible for associated bank charges
Cash deposits, including ATM and bank counter deposits, not accepted

Trading Platforms

CSCI offers a range of trading platforms to cater to different needs. They provide a downloadable software for Hong Kong and US stock trading, as well as a futures trading client. Additionally, they offer two web versions for trading in Hong Kong and US stocks respectively. These platforms are available for both mobile and PC users.

For those interested in Hong Kong and US stock trading, CSCI provides a mobile and PC software download option. Users can scan a QR code or search for “蜻蜓点金国际” in the Apple App Store to download the iOS version. Android users can click on a link to download the Android client. These platforms provide access to Hong Kong and US stock markets.

In terms of futures trading, CSCI offers a client specifically designed for futures trading. Users can download the PC version of the software by clicking on a provided link. Alternatively, they can scan a QR code to download the futures trading app. CSCI ensures that their futures trading platforms are reliable and easy to use, providing operation guides for both the PC and app versions.

Overall, CSCI offers a variety of trading platforms for stock and futures trading, catering to different preferences and needs. These platforms are available for download on mobile and PC devices, allowing users to access the markets. The focus of CSCI's platforms is on functionality rather than emphasizing positive attributes.

customer-support

Pros and Cons

Pros Cons
Range of trading platforms available No mention of advanced trading tools
Software mainly for stock and futures trading Limited information on web versions
Availability for both mobile and PC users Lack of emphasis on positive attributes

Customer Support

CSCI offers customer support through various channels, including email and phone. Their customer support team can be reached via the email address cs@csci.hk or by calling 95587 and selecting option 7 to be redirected to CSCI International. The customer support hours for mainland China are Monday to Friday from 08:30 to 11:30 and 13:00 to 17:00. For Hong Kong, the support hours are Monday to Friday from 09:00 to 18:00. Additionally, CSCI's customer support is located on the 18th floor of the Trading Plaza Phase II in Central, Hong Kong.

Reviews

According to a review on WikiFX, there is a single exposure related to CSCI. The complaint mentioned a pyramid scheme and issues with withdrawing funds. The user stated that they were unable to withdraw and were told their account was not safe unless they paid a margin. They requested assistance in verifying the reliability of the app.

reviews

Conclusion

In conclusion, the China Securities (International) Brokerage Company Limited (CSCI) operates without specific oversight or regulation from any governing body, raising concerns about potential risks and uncertainties associated with its operations. While CSCI offers asset management services, corporate financing services, and equity and debt capital market services, clients and investors should exercise caution when engaging with an unregulated entity like CSCI. Additionally, CSCI provides access to various markets and investment instruments, including stocks, futures, funds, and insurance products. The fees for CSCI's services vary and are subject to different charges and levies. CSCI offers a range of trading platforms for stock and futures trading, available for download on mobile and PC devices. Customer support is provided through email and phone channels, and there have been reviews mentioning issues with fund withdrawal.

FAQs

Q: Is CSCI a regulated company in Hong Kong?

A: No, CSCI is not subject to regulation in Hong Kong, which raises concerns about potential risks and uncertainties.

Q: What services does CSCI offer?

A: CSCI offers asset management services, corporate financing services, and equity and debt capital market services.

Q: What market instruments can I access through CSCI?

A: CSCI provides access to the Hong Kong stock market, US stock market, global markets, futures market, fund trading, A-share market, bonds, and insurance.

Q: What are the fees for CSCI's services?

A: The fees for CSCI's securities trading services include telephone trading fees, online trading fees, transaction fees, and other transaction levies. Margin services and agency services also have corresponding fees.

Q: How can I deposit and withdraw funds with CSCI?

A: Funds can be deposited and withdrawn through various banks by providing the necessary information and following the specified procedures.

Q: What trading platforms does CSCI offer?

A: CSCI offers downloadable software and web versions for Hong Kong and US stock trading, as well as a futures trading client.

Q: How can I contact CSCI's customer support?

A: You can reach CSCI's customer support through email or phone during their specified support hours.

Q: Are there any reviews or complaints about CSCI?

A: There is a single exposure related to CSCI on WikiFX, mentioning issues with fund withdrawal and concerns about reliability.

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nN
more than one year
CSCI shines when it comes to withdrawal speed. It's quick, efficient, and hassle-free. This means I can access my funds whenever needed, crucial for managing my trades. Besides, Opening an account with CSCI is a breeze. It's fast, straightforward, and without unnecessary complications.
2023-10-11 11:53
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