CMSI

China Merchants Securities
WikiStock Rating	⭐⭐⭐⭐
Fees	0.25% per trade
Interests on uninvested cash	N/A
Margin Interest Rates	10%
Mutual Funds Offered	Corporate Finance and Brokerage,Fund Administration,Private Equity,Investment,Asset Management,Research,Global Commodities
Platform/APP	CMSHK Financial Platform(HK, US, A&B share markets) ,Overseas Stocks Platform,Global Futures Platform

What is China Merchants Securities？

　　China Merchants Securities is a financial services firm offering brokerage, asset management, and research, among other services.

　　It operates platforms for trading in HK, US, and A&B share markets, as well as global commodities. The firm charges a 0.25% trading fee and a 10% margin interest rate, meeting a diverse investor base but potentially limiting for frequent leveraged trading.

Pros & Cons

　　Pros:

　　The platform offers multiple tradable assets, ranging from commodities to precious metals, and is regulated by both CSRC and SFC. It provides diverse trading platforms for different products and offers both securities and futures accounts. Additionally, it boasts low commissions at 0.25%, making it cost-effective for users.

　　Cons:

　　The platform lacks convenient tools and does not provide any promotions for users. There is no web-based platform available, and the fees for trading equity options are high, starting from HK$40.

Is China Merchants Securities Safe？

• 　　Regulations:

　　China Merchants Securities is regulated by two major financial authorities, ensuring stringent oversight and adherence to legal standards. In China, it is regulated by the China Securities Regulatory Commission (CSRC), although specific license details were not provided.



　　In Hong Kong, it operates under the oversight of the Securities and Futures Commission (SFC), with the license number AAI650. These regulations help safeguard the interests of investors by ensuring that China Merchants Securities maintains high standards of financial integrity and operational security.



• 　　Funds Safety:

　　The safety of client funds is a priority for China Merchants Securities. The firm adheres to strict internal policies to prevent unauthorized access or misuse of client funds. It ensures that all transactions are in compliance with Anti-Money Laundering (AML) regulations, enhancing the security of client assets. This systematic approach helps in maintaining trust and ensuring that all transactions are transparent and legally compliant.

• 　　Safety Measures:

　　China Merchants Securities employs security measures to protect client information and funds. These include mandatory strong password policies, regular security updates, and vigilant monitoring of transactions for any suspicious activity. The firm also provides detailed security tips on its website, advising clients on how to protect their login information, secure their devices, and detect and report any abnormal activities.



What are securities to trade with China Merchants Securities？

　　China Merchants Securities provides a diverse array of mutual funds designed to meet various investment interests and strategies. Here are the types of mutual funds offered:

• 　　Corporate Finance and Brokerage: Funds that focus on investments in corporate finance initiatives and brokerage services, offering exposure to the financial sector's performance.

• 　　Fund Administration: These funds are involved in the administration and management of investment funds, offering investors an opportunity to benefit from the efficiencies and performance of professionally managed portfolios.



• 　　Private Equity: Funds that invest in private companies across different stages of their lifecycle, from startups to established enterprises, aiming for long-term capital appreciation.

• 　　Investment: General investment funds that may cover a broad range of sectors and asset classes, providing diversified investment opportunities.



• 　　Asset Management: Funds focused on asset management activities, investing in assets with the intent to manage them actively for revenue generation and appreciation.

• 　　Research: Funds that are specifically aimed at investing in sectors or companies where extensive research and development play a crucial role, such as biotechnology, pharmaceuticals, and technology firms.



• 　　Global Commodities: Funds that invest in global commodities markets, including precious metals, energy, and agricultural products, providing exposure to commodity prices and related sectors.



China Merchants Securities Fee Review

　　The fee structure of China Merchants Securities (CMS) covers a range of services provided to its clients across various financial instruments and activities. Here is a detailed breakdown of the fees:

Service Type	Fee Description	Remarks
Securities Trading	Brokerage: 0.25% (min. HKD 100)	E-statement required for Internet trading discount
	Stamp Duty: 0.1%	Collected by HKSAR Government
	Transaction Levy: 0.0027%	Collected by the SFC
	Trading Fee: 0.00565%	Collected by HKEx
	CCASS Settlement Fee: 0.002%	Min. HK$2, Max. HK$100
Equity Options Trading	Commission: HK$40 per contract	Min. HK$100
	Trading Tariff: HK$0.50 to HK$3 per contract	Collected by HKEx
	Financing Charges: P+2.5% p.a.	-
Bonds Trading	Custody Fee: 0.04% per annum	Plus US$10 handling fee
	Trading Fee: US$30 per transaction	-
	Coupon Interest Collection: 0.5%	Min. US$5
OTC Investment Products (PI)	Variable fees up to 1%	Disclosed prior to transaction
Nominee Services	Cash Dividend: 0.50%	Min HK$30, Max HK$10,000
	Overseas Dividend Handling: HK$100	-
IPO & Financing Services	IPO Subscription: HK$50	-
	Margin Interest: P+2.5% to P+10% p.a.	Based on loan amount
Fund Trading Services	Equity Funds: 0.5% online	Manual orders higher fee
	Fixed Income Funds: 0.25% online	-
Miscellaneous Fees	Asset Confirmation: HK$200 each	-
	Paper Statements: HK$20 per month	-

• 　　Securities Trading Services:

• 　　Terminal: 0.25% of transaction amount, minimum HKD 100

• 　　IPO Grey Market Trading: 0.2% of transaction amount, minimum HKD 100

• 　　Internet: 0.225% of transaction amount, minimum HKD 100 (requires opting for e-statement)

• 　　Brokerage Commission:

• 　　Stamp Duty: 0.1% on each bought and sold note (collected by the HKSAR Government)

• 　　Transaction Levy: 0.0027% of the transaction amount (collected by the SFC)

• 　　Trading Fee: 0.00565% of the transaction amount (collected by HKEx)

• 　　CCASS Stock Settlement Fee: 0.002% of the transaction amount, min. HK$2, max. HK$100

• 　　Equity Options Trading Services:

• 　　Tier 1 Stock Options: HK$3.00 per contract per side

• 　　Tier 2 Stock Options: HK$1.00 per contract per side

• 　　Tier 3 Stock Options: HK$0.50 per contract per side

• 　　Commission: HK$40 per contract per side, minimum HK$100 for executed orders on the same contract and side on the same day

• 　　Trading Tariff:

• 　　Equity Option Account Financing Charges: P+2.5% per annum



• 　　Bonds Trading Services:



• 　　Custody Fee: 0.04% of market value per annum, plus US$10 handling fee

• 　　Trading Fee: US$30 per transaction

• 　　Transfer Fee: US$80 per transaction

• 　　Coupon Interest Collection Fee: 0.5% of actual coupon interest received, minimum US$5

• 　　OTC Investment Products Services for Professional Investors:

• 　　Fees generally do not exceed 1% of the investment amount unless otherwise agreed and disclosed.

• 　　Nominee Services:



• 　　Collection of Cash Dividend: 0.50% of the gross dividend, min HK$30, max HK$10,000

• 　　Dividend Collection Handling Fee for Overseas Shares: HK$100 per transaction

• 　　IPO & Financing Services:

• 　　IPO Subscription Fee: HK$50 per application

• 　　Margin Account Interest Rate: Ranges from P+2.5% to P+10% per annum depending on the loan amount relative to the collateral value



• 　　Fund Trading Services:

• 　　Equity funds: Online 0.5% Manual 1.00%

• 　　Fixed income funds: Online 0.25% Manual 0.5%

• 　　Multi-asset funds: Online 0.25% Manual 0.5%

• 　　Money market funds: Online 0.025% Manual 0.05% (waived during promotion period)

• 　　Subscription Fees:



• 　　Other Services:

• 　　Handling Fee on Providing Asset Confirmation: HK$200 each

• 　　Paper Statements/Notices/Reports by Post: HK$20 per month

China Merchants Securities Trade Platform Review

　　China Merchants Securities International (CMSHK) offers trading platform equipped with advanced features to attract both professional and casual traders. Here are the details of the trading platforms provided by CMSHK:

• 　　CMSHK Trading Platform - Professional Terminal Version:

• 　　For Windows: 64-bit Windows 10 or above.

• 　　For Mac: macOS 10.14 or above, supporting M1/M2/Intel series.

• 　　Provides real-time market data and information, allowing users to track global trends anytime and anywhere.

• 　　Supports customizable panel functionality for personalized layout arrangements.

• 　　Enables multi-panel operations to facilitate monitoring of the stock market.

• 　　Allows configuration of shortcut keys to make trading more efficient.

• 　　Features:

• 　　Minimum Compatibility Requirements:



• 　　CMSHK Trading Platform - APP Version:

• 　　The iPhone version is available in the App Store for users overseas, Hong Kong, and Macao regions.

• 　　Android version available in the Google Play Market.

• 　　Android APK version available for direct download, attracting clients who may not have access to the Play Market.

• 　　The mobile app version, named “CMS HK,” is designed for on-the-go access to trading functionalities.

• 　　Features:

• 　　Availability:

• 　　Two-Factor Authentication Token - Overseas Stocks (Except for US stocks trading):

• 　　iPhone version available on the App Store (“CQ Key”).

• 　　Android version available specifically for clients located in Mainland China.

• 　　Provides an added layer of security with a two-factor authentication process to protect trading accounts.

• 　　Security Features:

• 　　Download Links:



Research & Education

　　The Research and Education component of China Merchants Securities International Company Limited (CMSI) is robust, offering strategic insights into the capital markets. Here's a detailed overview:

　　Equity Research Department:

• 　　Established: 2006

• 　　Team Composition: The department consists of more than 20 analysts and research assistants.

• 　　Coverage: The team covers overseas macroeconomic and strategy research, 20 major industries, and more than 100 HKEX-listed companies.

• 　　Focus Areas: Research spans various sectors including Macroeconomics, Strategy, Energy, Education, Consumer Goods, Machinery & Equipment, Internet, TMT (Technology, Media, Telecom), Hardware Technology, Automotive and Auto Parts, Healthcare, Insurance, Internet Finance, Banking, Steel & Cement, and Airlines.



　　Achievements and Recognition:

• 　　CMSI's research team is highly recognized by mainstream media and has shown notable success in the Asiamoney Brokers Poll over several years, earning high ranks in numerous categories like Economy, Healthcare, Environmental Protection, Industrials, Materials, and Consumer Discretionary.

• 　　Specific achievements include top ranks in Strategy, Execution, and Sector-specific research in both local Hong Kong and broader China H shares, Red chips, and P-Chips categories.

　　Asiamoney Brokers Poll Performance:

• 　　2020 Highlights:

• 　　Top three in Strategy, Economy, Auto, Healthcare among others.

• 　　Top five in Overall Sale Services, Execution, Financials (Non-Banking), and more.

• 　　2019 Highlights:

• 　　Top rankings in Economy, Auto, Healthcare, Consumer Staples, and Energy.

• 　　Named as the No.5 Best Local Brokerage and Best Sales Service in Hong Kong.

• 　　2018 Highlights:

• 　　The Strategy and Healthcare teams won 3rd place in the China H shares, Red chips, and P-Chips categories.

• 　　The Industrial and Material team ranked 1st in the Hong Kong (local) category.



　　Educational Impact:

• 　　CMSI's research not only enhances their own business expansion but also serves as an educational resource for clients, providing in-depth investment research services and specific project analysis. This support empowers clients to make informed investment decisions and improves their understanding of market dynamics.

Customer Service

　　China Merchants Securities International (CMSI) offers extensive customer support across various regions, ensuring accessible service for their global client base:

　　Hong Kong:

• 　　Customer Service Hotline: (852) 3189 6368, with additional toll-free numbers for Mainland China: 400 1200 368 and 400 8888 199.

• 　　CMS Asset Management Service Hotline: (852) 2530 0698

• 　　Customer Service Fax: (852) 3101 0063

• 　　Complaint Hotline: (852) 3189 6191

• 　　Equities Dealing: Day and night hotline numbers available, including specific numbers for night dealing.

• 　　Futures Dealing Hotline: (852) 3189 6222

• 　　Central Office: Located at 48/F., One Exchange Square, Central, Hong Kong. Contact via phone (852) 3189 6888 or email online@cmschina.com.hk.

　　Kowloon:

• 　　Office Location: 17/F., Tower B, Manulife Financial Centre, 231 Wai Yip Street, Kwun Tong, Kowloon. Telephone (852) 3189 6666 and email online@cmschina.com.hk.

　　London:

• 　　Office Location: 3/F., 50 Bank St., Canary Wharf, London, E14 5NT, UK. Telephone +44 (0) 207 423 4000 and Hong Kong Sales Enquiry: +852 3189 6700. Email cmsuk@cmschina.co.uk.

　　Seoul:

• 　　Office Location: 4490, Three IFC, 10 Gukjegeumyung-ro, Yeongdeungpo-Gu, Seoul, 07326 Korea. Contact via phone (82) 02 6292 4031 and email cmskorea@cmschina.co.kr.



Conclusion

　　China Merchants Securities International (CMSI) is a financial services provider offering a wide array of investment opportunities and services across global markets.

　　With a strong focus on customer support, CMSI maintains multiple regional offices, providing localized and specialized services.

　　The firm's dedication to offering accessible trading platforms, extensive market research, and a robust customer service infrastructure highlights its commitment to meeting the diverse needs of its clients, from retail investors to large institutions.

FAQs

Question: How can I contact CMSI for general inquiries？

　　Answer: You can contact CMSI through their customer service hotlines in Hong Kong at (852) 3189 6368 or via email at online@cmschina.com.hk.

Question: Does CMSI provide services for futures trading？

　　Answer: Yes, CMSI offers futures trading services and you can reach their Futures Dealing Customer Service at (852) 3189 6222.

Question: What are the office hours for CMSI's London office？

　　Answer: The London office of CMSI is open from Monday to Friday, 9am to 6pm local time.

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.