Overview
CHRISTFUND is a financial services provider located in Hong Kong, operating under the regulation of the Securities and Futures Commission (SFC). They offer a variety of services including securities trading on major exchanges like the Hong Kong Stock Exchange, and through programs like Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, as well as derivatives trading, asset management, and an online trading platform. They also provide securities financing and facilitate Electronic Initial Public Offerings (EIPO). Their comprehensive fee structure includes charges like brokerage commission, stock stamp duty, and various transaction fees. To open an account, both individual/joint and corporate/institutional clients are required to undergo an in-person process with necessary documentation. CHRISTFUND supports deposits and withdrawals through methods like FPS transfers and bank transactions, and maintains accessible customer support through phone, email, and in-person services at their central office location in Hong Kong, operating from 9:00 AM to 6:00 PM.
Regulation
CHRISTFUND, a financial entity or organization, operates under the regulatory oversight of the Securities and Futures Commission (SFC). The SFC, based in Hong Kong, is a statutory body responsible for regulating the securities and futures markets in the region. Its role encompasses ensuring the integrity and stability of these markets, protecting investor interests, and promoting market transparency. CHRISTFUND, like other financial institutions under the SFC's jurisdiction, is subject to compliance with the commission's rules and regulations to maintain the highest standards of financial integrity and investor protection in its operations. This regulatory framework helps instill confidence in the financial sector and ensures that investment activities conducted by CHRISTFUND adhere to established industry standards and guidelines
Pros and Cons
CHRISTFUND, as a comprehensive financial services provider, offers notable advantages and some limitations. The pros include a wide range of services covering securities and derivatives trading, along with asset management, which caters to diverse investor needs. Their adherence to regulatory standards by the SFC ensures reliability and trust. Additionally, the online trading platform enhances accessibility and convenience. However, the cons are primarily related to costs, with a detailed fee structure that might be complex for some investors. Also, the account opening process, while thorough, can be time-consuming due to the in-person visit requirement and extensive documentation, particularly for corporate clients.
Services
CHRISTFUND offers a comprehensive range of financial services and products, focusing on securities trading, derivatives trading, and asset management in Hong Kong. Here's a detailed description of their services:
Hong Kong Stock Exchange Securities Trading:
Brokerage Services: CHRISTFUND provides brokerage services with specific broker codes (2800, 2801, 2802, 2804, 2805, 2807, 2808, 2809) for trading on the Hong Kong Stock Exchange.
Markets and Products: They facilitate the trading of a variety of financial instruments including ordinary stocks, warrants, bonds, Exchange-Traded Funds (ETFs), and Real Estate Investment Trusts (REITs).
Shanghai and Shenzhen Stock Exchange Markets: Through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs, they enable trading of eligible A-shares listed on these exchanges as per the HKEX (Hong Kong Exchanges and Clearing Limited) list.
Online Trading Platform: CHRISTFUND likely offers an online platform for clients to execute and manage trades efficiently.
Securities Financing: They might provide services like margin financing to clients, enabling them to leverage their investment.
Electronic Initial Public Offering (EIPO): This service allows clients to subscribe to new stock offerings electronically.
Hong Kong Stock Exchange Derivatives Trading:
Hang Seng Index Futures and Options: They offer trading in futures and options based on the Hang Seng Index, a major stock market index in Hong Kong.
H-share Index Futures and Options: This includes trading in derivatives based on the H-share Index, which tracks the performance of Chinese companies listed in Hong Kong.
Hang Seng Tech Index Futures and Options: They also deal in futures and options based on the Hang Seng Tech Index, focusing on the technology sector.
Asset Management:
Portfolio Management: CHRISTFUND likely offers services in managing investment portfolios for clients, which could include a range of asset classes and investment strategies.
Investment Advisory: This might involve providing tailored investment advice to clients, helping them make informed decisions based on their financial goals and risk appetite.
Wealth Management: The firm possibly offers comprehensive wealth management services, including estate planning, tax planning, and retirement planning.
CHRISTFUND seems to cater to a diverse clientele, offering a blend of traditional and modern financial services, emphasizing accessibility through digital platforms while also providing specialized investment and wealth management advice.
Fees
Securities Fee Schedule for Cash and Margin Accounts (Effective from January 1, 2023):
Brokerage Commission: 0.25% of the transaction amount, with a minimum charge of HK$75.
Online Trading Brokerage Commission: 0.10% of the transaction amount, with a minimum charge of HK$50.
Stock Stamp Duty: 0.13% of the transaction amount, rounded up to HK$1 if less than HK$1.
Exchange Levy: 0.0027% of the transaction amount.
Transaction Fee: 0.005% of the transaction amount.
FRC Transaction Levy: 0.00015% of the transaction amount.
Central Clearing Fee: 0.015% of the transaction amount, with a minimum of HK$3.
Withdrawal of Shares: HK$5 per lot per stock, minimum HK$30.
Collection of Dividends: Charge of 0.5% of the dividend amount, with additional handling fees.
Fees for Specific Services:
Handling of bonus shares, warrants, and rights rights: Various fees apply with minimum and maximum limits.
Exercise of rights/warrants: Involves handling fees with minimum and maximum charges.
Derivative Warrants/CBBCs/Cash Settled Stocks/Cash Acquisitions: Handling fees and a percentage of income are charged.
Recovery of dividends or bonus shares: Involves a CCASS handling fee and additional fees.
Stock Rollover: Fees for transferring in and out.
Customer Refund: HK$100 per ticket.
Equity Linked Notes: Handling fees are specified along with minimum charges.
Monthly Fee for Mailed Statements: HK$30 per month.
Futures and Options Fee Schedule:
Quotation Service Products:
How to open an account？
To open an account at CHRISTFUND, both individual/joint account holders and corporate entities need to follow specific procedures and provide necessary documentation. Here's a detailed description of the process for each type of account:
For Individual/Joint Accounts:
Fill Out Forms: Customers should complete the necessary forms in advance. These forms are typically available from the securities firm or can be downloaded from their website.
Appointment: Schedule a Visit: It's advised to make an appointment before visiting CHRISTFUND' main office to ensure efficient service.
Visit the Office:Personal Presence: The customers need to visit CHRISTFUND' main office in person to complete the account opening process.
Required Documents:
Identification: A copy of the customers signed Hong Kong Identity Card or passport.
Address Proof: Proof of address from within the last three months.
Income Proof: This is required only for margin accounts.
Contact for More Information:
For Corporate/Institutional Accounts:
Gather Documentation: Corporate clients need to prepare and bring relevant documents.
Office Visit: Visit in Person: Representatives need to visit CHRISTFUND' main office or any of its branches to open an account.
Required Documents:
Business Registration Certificate: A signed copy.
Corporate Charter or Other Legal Documents: A signed copy.
Board Resolution: A signed copy authorizing the signing of the account opening form, client agreement, and acceptance of the risk disclosure statement.
Directors Identification: Copies of Hong Kong ID cards or passports of the directors.
Company Directors List: A signed copy of the list of directors of a Hong Kong limited company.
Directors Acceptance of Appointment: Signature of the accepting director(s).
Banking Information: Proof of banking details, including bank name and account number.
Bank Statements: Bank statements from the past three months.
Financial Statements: Financial statements for the past three years.
Personal Guarantee: Completed by the director(s).
Deposit & Withdrawal
The deposit and withdrawal processes for CHRISTFUND are structured to provide customers with multiple options for managing their funds. Here's a detailed description:
Deposits
FPS (Faster Payment System) Transfer:
Customers can deposit funds into CHRISTFUND accounts using FPS from any bank that supports this service.
FPS Identifier Codes:
Bank Transfer/Cheque Deposit:
Securities Account:
Banks and Account Numbers:
HSBC: 004-083-396747-001 (HKD)
Hang Seng Bank: 024-262-393812-001 (HKD)
Bank of China: 031-355-0-015181-3 (HKD)
Chong Hing Bank: Various account numbers for HKD, RMB, and USD.
Cheque Payable to: “CHRISTFUND Limited” or “Christfund Securities Limited”.
Futures Account:
Bank and Account Number:
Hang Seng Bank: 024-262-151145-003 (HKD).
Cheque Payable to: “Hengfeng Futures Limited” or “Christfund Futures Limited”.
Notification: After depositing, customers must notify the company using the following methods:
Confirmation: Customers should indicate their account name and number on the bank deposit slip or receipt.
Withdrawals
Instructions:
Customers need to issue withdrawal instructions before 12:00 PM on trading days (Monday to Friday) through the following methods:
Calling their broker or the companys settlement department at (852) 2147-9898.
Note: Any instructions received after this time will be processed on the next working day.
Additional Information
Confirmation of Deposits: To confirm the receipt of deposits, customers can call (852) 2147-9898.
Timeliness: Its important to adhere to the specified times for both deposits and withdrawals to ensure timely processing.
This structured approach allows CHRISTFUND to efficiently manage and track customer transactions, providing a secure and reliable way to handle financial transfers.
Customer Support
CHRISTFUND jas established a straightforward and accessible customer support system:
Location:
Office Address: The company is located at 28/F, Chater House Phase II, 26 Des Voeux Road Central, Hong Kong. This central location in Hong Kong's business district makes it convenient for clients to visit for in-person queries or services.
Email Support:
Email Address: Customers can reach out to the company for assistance or inquiries via email at cs@christfund.com. This is suitable for non-urgent queries or when detailed information needs to be provided or requested.
Telephone Inquiry:
Contact Number: For immediate assistance or questions, customers can call their inquiry line at (852) 2147 9898. This line is likely staffed by customer service representatives who can provide real-time support and information.
Business Hours:
Operating Time: The company operates from 9:00 AM to 6:00 PM. These hours suggest a standard business day schedule, which is typical for financial services firms.
Summary
CHRISTFUND, a Hong Kong-based financial entity, is regulated by the Securities and Futures Commission (SFC) and offers a broad range of services, including securities and derivatives trading, asset management, and an online trading platform. Their fee structure is detailed and includes various charges for services such as brokerage commissions, stamp duties, transaction fees, and handling fees for specific services. To open an account, both individual/joint and corporate clients must provide necessary documentation and follow a structured process, which includes in-person visits and compliance with regulatory requirements. CHRISTFUND also has a customer-friendly deposit and withdrawal system, offering options like FPS transfers and bank deposits, with withdrawals processed by cheque. Customer support is accessible through multiple channels, including a central office location, email, and telephone, with business hours accommodating most working professionals. This comprehensive framework ensures efficient management of client transactions and adherence to financial regulations, instilling confidence in their services.
FAQs
Q1: What services does CHRISTFUND offer？
A1: CHRISTFUND offers a range of financial services including securities trading on the Hong Kong Stock Exchange, derivatives trading (such as futures and options on various indexes), and asset management services. They also provide an online trading platform and services like securities financing and Electronic Initial Public Offerings (EIPO).
Q2: How do I open an account with CHRISTFUND？
A2: To open an account with CHRISTFUND, fill out the necessary forms available on their website or office, schedule an appointment, and visit their office with required documents like a signed Hong Kong ID/passport, address proof, and income proof for margin accounts. Corporate clients need additional documents like business registration and director information.
Q3: What are the trading hours for CHRISTFUND？
A3: CHRISTFUND operates from 9:00 AM to 6:00 PM, aligning with standard business hours, which facilitates convenient trading and customer service interactions for most working professionals.
Q4: How can I deposit funds into my CHRISTFUND account？
A4: Funds can be deposited into a CHRISTFUND account via FPS (Faster Payment System) using specific FPS identifier codes for different account types or through bank transfers/cheque deposits to designated bank accounts. Post-deposit, customers should notify the company through WhatsApp, email, or fax.
Q5: What is the fee structure for CHRISTFUND's services？
A5: CHRISTFUND's fee structure includes a brokerage commission of 0.25% for regular trades and 0.10% for online trades, stock stamp duty, exchange levy, transaction fees, and various specific service fees such as for withdrawing shares, dividend collection, and handling fees for derivatives and other transactions. The fees vary for different services and account types.
2024-01-11 21:05
