CJS

Overview of CJS

CJS, a financial services company founded in 1991 in Hong Kong, offers a comprehensive suite of market instruments including brokerage, futures, US trading, asset management, and investment banking.

Adhering to SFC regulations, it requires a minimal deposit of 100 HKD and caters predominantly to individual accounts in Hong Kong. CJS distinguishes itself with competitive commission rates for various securities markets, ranging from Hong Kong shares to international ones like the US, UK, and Asian markets.

Additionally, it provides a user-friendly trading platform accessible on PC and mobile devices, along with a demo account for practice trading. The firm is known for its robust customer support system, making it a reliable choice for investors seeking diverse investment opportunities and detailed market engagement.

Is CJS Limited Legit or a Scam？

CJS operates under the regulatory oversight of the Securities and Futures Commission (SFC) of Hong Kong. The first license, bearing the number AYK752, is specific to Changjiang Futures (HK) Limited.

This license, effective from February 13, 2012, authorizes the company to deal in futures contracts. The license type is classified as “No Sharing”.

The second license, numbered AXY608, is granted to Changjiang Securities Brokerage (HK) Limited, coming into effect on December 13, 2011.

This license also covers dealing in futures contracts, affirming the company's regulatory compliance in Hong Kong's financial market.

Pros and Cons

Pros of CJS

1. Regulated by SFC: CJS is regulated by the Securities and Futures Commission of Hong Kong, providing a level of trust and compliance with financial regulations.

2. Various Market Instruments: Offers trading in Forex, futures, and asset management, making a variety of investment preferences.

3. Competitive Trading Conditions: Features spreads as low as 0 pip and operates without commission fees, making trading cost-effective.

4. Accessible Trading Platforms: The ChangJiang Securities Hong Kong stock trading platform is available on PC, Android, and iOS, offering convenience and flexibility.

5. Educational Resources for Investors: Provides news and information beneficial for investors, aiding in informed decision-making.

Cons of CJS

1. Limited to Hong Kong Residents: The service is exclusively available to residents of Hong Kong, restricting access for international clients.

2. Single Account Type: Only offers an individual account type, limiting options for different trading styles or partnership accounts.

3. Minimum Deposit in HKD: The requirement for a minimum deposit in Hong Kong Dollars (100 HKD) may not be convenient for international traders.

4. Limited Customer Support Channels: Relies on traditional methods like phone and email for customer support, lacking modern instant support options like live chat.

5. Focused on Futures Contracts: With a significant focus on futures contracts, it may not be the ideal choice for those looking for broader trading options in other financial instruments.

Products

CJS, a company registered in Hong Kong, China and founded in 1991, offers a variety of market instruments in its financial services portfolio. These include:

1. Brokerage Services: Providing clients with the ability to buy and sell securities.

1. Futures Trading: Offering opportunities to trade in futures contracts.

1. US Trading: Facilitating the buying and selling of US-based securities.

1. Asset Management: Managing investments on behalf of clients to meet specified investment goals.

1. Investment Banking: Providing a range of financial services including underwriting, advisory, mergers and acquisitions.

1. Fund Subscription: Enabling clients to invest in a variety of funds.

These services position CJS as a versatile financial services provider, providing a wide range of investment and trading needs in the market.

Account Types

CJS draw specifically to Hong Kong residents by offering a single account type: the Individual Account.

This account type is designed for solo traders and investors residing in Hong Kong, focusing on their unique trading needs and preferences.

The Individual Account at CJS provides access to a range of trading instruments, including Forex, futures, and asset management services.

How to Open an Account？

Opening an account online with Long Securities International involves a straightforward, three-step process:

1. Access the Online Account Opening Interface: You can start the process in one of three ways: (i) scan the QR code provided for account opening, or (ii) use the “Online Account Opening” feature on the Chang Securities International Trading Treasure APP.

2. Submit Required Documents and Information: Select the account type you wish to open. Then, upload your proof of identity, such as a government-issued ID, and proof of residential address. The address proof should be a document issued within the last three months that shows your current residential address and name.

3. Complete the Account Opening Process: Fill in the necessary account opening information as prompted. Listen to the Risk Disclosure Statement to understand the potential risks involved. Finally, complete the verification process and submit your account opening application.

Commissions and Fees

CJS offers a range of commissions and other fees for various financial services. Here is a summary:

Securities - HK Shares

• Commission: 0.20% (Minimum $100.00)

• SFC Transaction Levy: 0.0027% on gross amount

• HKEX Trading Fee: 0.00565% on gross amount

• Stamp Duty: 0.10% on gross amount (rounded up to the nearest dollar)

• CCASS Settlement Fee: 0.002% on gross amount (Min: HKD 2 / Max: HKD 100)

• Financial Reporting Council Transaction Levy: 0.00015% on gross amount (Min: HKD 0.01)

China Connect – Shenzhen & Shanghai A Shares

• Commission: 0.20% on gross amount (Min: RMB 100.00)

• Handling Fee: 0.00341% of each transaction per side (Effective Date: 28 Aug 2023)

• Securities Management Fee: 0.002% of each transaction per side

• Transfer Fee: 0.001% (ChinaClear), 0.002% (HKSCC)

• Stamp Duty: 0.05% of each transaction on the seller (Effective Date: 28 Aug 2023)

• Portfolio Fee: 0.008% monthly (on daily AUM, collected in HKD)

Physical Scrip

• Physical Stock Deposit: HKD 5 stamp duty per transfer deed

• Physical Stock Withdrawal: HKD 5 per board lot

• Custody Fee: Free

• Settlement Instruction Fee: Stock Deposit (Free), Stock Withdrawal (HKD 5 per board lot / Min: HKD 50.00 per stock withdrawal)

• Investor Settlement Instruction Fee: Stock Deposit Fee (via CCASS) (Free)

Nominee & Corporate Actions

• Scrip Fee: HKD 2.5 per board lot

• Cash/Scrip Dividend Collection Fee: 0.5% of cash dividend collected (Min: HKD 20)

• Bonus Share/Rights Shares Collection Fee: Free

• Exercise Rights Subscriptions/Warrant/CBBC: HKD 2 per board lot & handling fee HKD 100

• Extra Rights Application: Handling fee HKD 100 (HKD 2 per board lot for successful application)

Borrowing and Other Services

• Margin account financing interest rate: Prime Rate +5.00% (Negotiable)

• Cash account financing interest rate: Prime Rate +8.00%

• IPO Services: Non-financing (HKD 50 per stock), Financing (HKD 100 per stock)

Bank Services Fee

• Telegraphic Transfer: Local HKD 100 / Overseas HKD 150 + (Actual bank charge)

• Stop Payment Charge: HKD 250 per case

• Returned Check Charge: HKD 250 per case

Account Service

• Issue of account proof: HKD 200.00 per time

• Reissue of Monthly Statement: Latest 3 months (Free) / More than three months to seven years (By email: HKD 30.00 per month; By post: HKD 50.00 per month)

Securities Trading Services (Overseas Markets)

• US Shares: Commission 0.3% (Min: USD 30), US SEC fee 0.0008%, Trading Activities Fee (TAF) USD 0.000166 per share

• UK Shares: Commission 0.5% (Min: USD 110), Stamp duty 0.5%, PTM Levy: Fix GBP 1.00

• Australia Shares: Commission 0.5% (Min: USD 35), Custody Fee 0.05% p.a

• South Korea: Commission 0.6% (Min: KRW 24,000), Consumption Tax 0.3%

• Malaysia: Commission 0.3% (Min: RM 100), Stamp duty 0.1%, Clearing Fee 0.03%

• Singapore: Commission 0.3% (Min: SGD 40 / USD 30 / HKD 250), Clearing Fee 0.04%, SGX action charges 0.0075%

Debt Securities

• Trading Fee: Varies, depends on the local Dealing Dept.

• Custody Fee: 0.002% of month-end market value

• Transfer In/Out: USD 20/50 per transaction

• Bond Redemption/Early Redemption: USD 30 per transaction

• Bond Conversion: USD 50 per transaction

• Coupon Handling Fee: USD 30 per transaction

These fees are subject to change and may vary based on specific transactions or market conditions.

Trading Platform

CJS offers its clients a versatile and user-friendly trading platform, ChangJiang Securities Hong Kong stock trading, available for both PC and mobile devices.

The PC version, currently at version 10.00 with its last update on 2021-06-25, can be directly downloaded from their website. It includes various functions, an installation manual, and a FAQ section for user convenience.

For mobile users, the platform is accessible on Apple iOS devices with the app available in the Apple App Store (version 4.0.4, last updated on 2023-06-02) and for Android devices via the Google Play Store, along with an APK download option.

Deposit & Withdrawal

CJS provides its clients with multiple options for deposit and withdrawal, ensuring convenience and accessibility. These methods include:

• Bank Transfer: Clients can use traditional bank transfers for both depositing and withdrawing funds. This method is reliable and widely used, suitable for larger transactions.

• Credit/Debit Card: The use of credit or debit cards is another option for clients, offering a quick and easy way to manage funds.

• Third-Party Payment: CJS also accepts deposits and withdrawals through various third-party payment systems, satifying those who prefer digital payment services.

In terms of the minimum deposit requirement, CJS has set a relatively low threshold of 100 HKD, making it accessible for a wide range of investors, from beginners to more experienced traders.

Customer Support

CJS offers dedicated customer support across various business sectors, all based at their office in Central, Hong Kong. For general inquiries, clients can contact the general line at (852) 2823 0333 or via email at info@cjsc.com.hk.

Specific departments like Brokerage, Futures, Asset Management, and Investment Bank have their own direct phone lines and email addresses, ensuring targeted and specialized support. The brokerage services also feature a trading hotline at (852) 2823 0368 for immediate trading assistance.

All these services are available Monday through Friday from 9:00 AM to 6:00 PM, excluding Hong Kong holidays, providing comprehensive support during business hours.

Educational Resource

CJS offers a range of educational resources under its Financial News section, meeting the needs of informed investors and traders.

These resources include general financial news, updates about market movements under 'AA Market Move', and specific news from the Stock Exchange of Hong Kong (SEHK). Additionally, they provide a market calendar, which is crucial for staying updated on key financial events and timings.

The Index and TOP20 sections likely offer insights into market indices and top-performing stocks, respectively. Moreover, the 'Quote' section can be a valuable tool for investors seeking real-time pricing and stock performance data.

Conclusion

CJS, established in 1991 in Hong Kong, China, is a well-regarded financial services provider regulated by the SFC. With a low minimum deposit requirement of 100 HKD, it offers a huge range of market instruments including brokerage, futures, US trading, asset management, and investment banking.

CJS is renowned for its competitive commissions, varying from 0.20% for HK shares to 0.6% for South Korean securities, alongside other fees like stamp duty and custody fees. The individual accounts, primarily for Hong Kong residents. It also provides a demo account and extensive customer support.

CJS's commitment to versatility and client service positions it as a significant player in the global financial market.

FAQs

Q: What financial services does CJS offer？

A: It offers brokerage,futures,US trading,asset management,investment bank,fund subscription.

Q: Is CJS regulated by any financial authority？

A: Yes, CJS is regulated by the Securities and Futures Commission (SFC) of Hong Kong.

Q: Can anyone open an account with CJS, or is it limited to certain residents？

A: CJS's services are primarily tailored for residents of Hong Kong.

Q: What trading platforms does CJS provide？

A: CJS offers the ChangJiang Securities Hong Kong stock trading platform, available on both PC and mobile devices (iOS and Android).

Q: How can clients deposit and withdraw funds with CJS？

A: Clients can use bank transfers, credit/debit cards, and third-party payment methods for deposits and withdrawals.

Q: Does CJS provide any educational resources for traders？

A: Yes, CJS offers educational resources including financial news, market analysis, and updates on the Stock Exchange of Hong Kong (SEHK), among others.