Gary Cheng Securities Limited (CE No.: BGB334) is the wholly-owned subsidiary of Gary Cheng Group. With a team of professionals, we provide comprehensive and excellent securities brokerage, transaction settlement and investment consulting services to our clients. With our risk management systems and internal compliance measures, we deliver high standard credit and margin controls to our clients. In addition to our strong equity base, we offer our clients security and peace-of-mind. We will endeavour to expand new market segments and provide more diversified and high quality financial products and services to our clients.
What is Gary Cheng Securities？
Gary Cheng Securities, a subsidiary of Gary Cheng Group, offers brokerage services and securities margin-financing to individual and corporate clients. The company emphasizes security and peace of mind through its strong equity base and high standards of credit and margin controls. Founded by Dr. Gary Cheng, the Gary Cheng Group includes Gary Cheng CPA Limited and other entities operating globally. The firm is regulated by the Securities and Futures Commission (SFC) of Hong Kong.
Pros & Cons of Gary Cheng Securities
Pros:
Comprehensive Range of Services: Gary Cheng Securities offers a comprehensive suite of brokerage services and securities margin-financing options tailored to meet the diverse needs of both individual and corporate clients.
Regulatory Compliance and Oversight: As a fully regulated entity under the Securities and Futures Commission (SFC) of Hong Kong, Gary Cheng Securities adheres to stringent regulatory standards and guidelines.
Transparent Fee Structures: Gary Cheng Securities maintains transparent fee structures, clearly outlining commission rates, trading fees, and other charges. This transparency enables clients to make informed decisions about their investment activities without encountering unexpected or hidden costs.
Cons:
Limited Availability of Information: Specific details such as account minimums, interest rates on uninvested cash, and the range of mutual funds offered are not available. This lack of detailed information hinders clients' ability to fully assess the suitability of the company's services.
Absence of Promotional Incentives: Unlike some competitors in the industry, Gary Cheng Securities does not prominently feature any promotional offers or incentives on its website. This absence of promotional incentives is a drawback for clients who value such perks when choosing a brokerage firm.
Is Gary Cheng Securities Safe？
Gary Cheng Securities, regulated by the Securities and Futures Commission (SFC) of Hong Kong with a license of No.BGB334, operates within a framework of stringent regulatory standards designed to protect investors and maintain market integrity. This regulatory oversight ensures that the company adheres to best practices and operates with transparency, enhancing the safety of its services.
Being part of the Gary Cheng Group, Gary Cheng Securities benefits from the financial stability and resources of its parent company. Additionally, the company's emphasis on high standards of credit and margin controls further mitigates risks, providing clients with a sense of security and confidence in their investments.
What are Securities to Trade with Gary Cheng Securities？
Gary Cheng Securities offers a diverse array of securities for trading in the Hong Kong market. Among these offerings are individual stocks, providing clients with access to a broad spectrum of companies listed on the Hong Kong Stock Exchange. These stocks span various sectors, market capitalizations, and growth potentials, allowing investors to build well-diversified portfolios tailored to their investment goals and risk tolerance.
In addition to individual stocks, Gary Cheng Securities Limited also provides trading opportunities in index products, including the Hang Seng Index (HSI). The HSI is a widely recognized benchmark index comprising the largest and most liquid companies listed in Hong Kong. Trading the HSI offers investors exposure to the overall performance of the Hong Kong stock market, providing a convenient way to track the market's movements and potentially capitalize on broad market trends.
Gary Cheng Securities Fees Review
Gary Cheng Securities Limited offers a range of services related to securities trading and handling, each with its associated fees.
Commission: The commission charged by Gary Cheng Securities Limited is 0.25% of the transaction amount for Hong Kong shares, with a minimum charge of HK$100.00. This rate is competitive compared to other brokerage firms in Hong Kong.
Transaction Levy: A transaction levy of 0.0027% is applied to the transaction amount for Hong Kong shares. This levy is in line with industry standards and is used to fund the operations of the Securities and Futures Commission (SFC).
Trading Fee: A trading fee of 0.00565% is charged on the transaction amount for Hong Kong shares. This fee is similar to the transaction levy and helps cover the costs of executing the trade on the stock exchange.
Stamp Duty: The stamp duty for trading Hong Kong shares is 0.10% of the transaction amount, with a minimum charge of HK$1.00. This fee is imposed by the government and is standard across all brokerage firms in Hong Kong.
CCASS Stock Settlement Fee: A fee of 0.010% of the transaction amount is charged for the CCASS stock settlement. This fee covers the costs associated with settling the trade through the Central Clearing and Settlement System (CCASS).
Scrip Handling & Settlement-Related Services Fees: Fees for services such as physical scrip deposit and withdrawal are reasonable, with charges ranging from HK$5.00 to HK$10.00 per transaction. The fees for settlement instruction and compulsory share buy-back are also in line with industry standards.
Account Maintenance Fees: Gary Cheng Securities Limited does not charge a custody fee, which is a positive aspect for clients. However, there are fees for services such as stock balance or account confirmation, re-issue of statements, and stock segregated accounts, which clients should be aware of.
Gary Cheng Securities App Review
Gary Cheng Securities Limited offers an online trading platform, which provides clients with convenient access to real-time market data, order placement, portfolio management, and market analysis tools. The platform is designed to be user-friendly and accessible via web browsers on desktop and mobile devices, enabling clients to trade securities efficiently and manage their investments effectively in the Hong Kong market.
Research & Education
Gary Cheng Securities offers valuable resources for research and education, keeping clients informed about market news and IPO opportunities.
In the “News” section, Gary Cheng Securities provides daily market updates, including trends and developments affecting the financial markets. The updates cover a range of topics, from general market trends to specific company announcements and economic news.
In the “IPO” section, Gary Cheng Securities lists recent initial public offerings (IPOs) in the Hong Kong market. This information includes the names of the companies, the date of the IPO, and whether the stock has been listed. IPOs can be an attractive investment opportunity for investors looking to capitalize on the potential growth of newly listed companies.
Customer Service
Gary Cheng Securities can be contacted through various channels.
For inquiries or assistance, individuals can reach their customer service hotline at (852) 2199 6700 during the company's operating hours, which are from 9 a.m. to 6 p.m. on weekdays.
Additionally, you can send a fax to (852) 2199 7381 or email the company at info.sec@garycheng.com.
For those preferring face-to-face communication or wishing to mail documents, the company's office is located at Unit 1201, 12th Floor, Elite Centre, 22 Hung To Road, Kwun Tong, Kowloon, Hong Kong.
The company also offers a contact form on its website for individuals to submit inquiries or messages.
Conclusion
In conclusion, Gary Cheng Securities, part of the Gary Cheng Group, is a reputable brokerage in Hong Kong. It offers a wide range of services, including securities margin financing, with a focus on security and regulatory compliance. While it lacks some detailed information and promotional incentives, its transparent fee structures and adherence to strict regulatory standards make it a good choice for investors.
Frequently Asked Questions (FAQs)
What services does Gary Cheng Securities offer？
Gary Cheng Securities offers comprehensive brokerage services and securities margin-financing to both individual and corporate clients.
Is Gary Cheng Securities regulated？
Yes, Gary Cheng Securities is regulated by the Securities and Futures Commission (SFC) of Hong Kong.
What are the fees associated with trading with Gary Cheng Securities？
Gary Cheng Securities charges a commission rate of 0.25%, a trading fee of 0.00565%, and various other fees such as stamp duty and transaction levies.
What securities can I trade with Gary Cheng Securities？
Gary Cheng Securities offers a diverse array of securities for trading in the Hong Kong market.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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