GoFintech Innovation Limited is a cross-border, cross-industry financial technology investment platform based in Hong Kong, backed by the Greater Bay Area, and focused on the international market. The company is publicly listed on the Main Board of the Hong Kong Stock Exchange (stock code: 290.HK), with its wholly-owned subsidiaries holding licenses issued by the Securities and Futures Commission of Hong Kong for types 1, 4, 6, and 9. The current business of the company and its subsidiaries (the "Group") includes investment banking, securities brokerage, asset management, margin financing, insurance brokerage, debt investment, and equity investment.
What is GoFintech？
GoFintech, based in Hong Kong and regulated by the SFC, has over 20 years of experience in the financial sector.
They offer a diverse array of services and products under the Fortune brand, including Fortune (HK) Securities, Fortune Financial Capital, and various asset and wealth management services through entities like Fortune Asset Management and Fortune Wealth Management.
They facilitate margin trading with a 6% margin rate and support new stock trading. GoFintech charges a trading fee of 0.25% per transaction, with a minimum fee of HK$100.
Their trading platforms are web-based, accessible via the GoFintech website and the Fortune Trader app. Customer service is provided through phone, WhatsApp, and fax, and they offer educational resources focused on company news.
Regulatory Status
GoFintech, under the oversight of the Securities and Futures Commission (SFC) in Hong Kong, holds several licenses, demonstrating a wide scope of regulated activities.
Fortune (HK) Securities Limited
Fortune (HK) Securities Limited is regulated by the Securities and Futures Commission (SFC) of Hong Kong under license number AHQ488, effective from November 3, 2003. This company is authorized to conduct a broad range of financial servicesin Stocks. The headquarters of Fortune (HK) Securities Limited is located at 4102-6, 41st Floor, Cosco Tower, Nos 183 Queen's Road Central, Hong Kong.
Fortune Asset Management Limited
Fortune Asset Management Limited operates under SFC license number ATW939, with regulatory approval since December 16, 2009. This firm is permitted to manage a wide array of investment products such as ETFs,Securities Lending Fully Paid,Mutual Funds,Investment Advisory Service. Fortune Asset Management Limited is also based at 4102-6, 41st Floor, Cosco Tower, Nos 183 Queen's Road Central, Hong Kong.
Fortune Financial Capital Limited
Regulated by the SFC with license number ARN695 since March 12, 2009, Fortune Financial Capital Limited is authorized to engage in services concerning Investment Advisory Service.The business address for Fortune Financial Capital Limited is 4102-6, 41st Floor Cosco Tower, Nos 183 Queen's Road Central, Hong Kong.
Pros & Cons
Pros:
GoFintech provides a web-based trading platform that requires no downloads, offering easy access. It is regulated by the SFC, ensuring a secure trading environment. The company offers a variety of tradable assets and boasts considerable experience and a clear organizational structure, which boosts its reliability.
Cons:
GoFintech lacks 24/7 support and does not offer direct email connections for customer service, which could limit accessibility for some users. The absence of promotional incentives reduces its appeal to new clients, and the trading fees are relatively high, which will deter cost-conscious traders.
Tradable Securities
The tradable securities offered by GoFintech under the Fortune brand include:
Fortune (HK) Securities: Provides trading in a broad range of securities such as stocks, bonds, and ETFs, allowing investors to diversify their portfolios across different asset classes.
Fortune Financial Capital: Offers opportunities to invest in financial capital markets, focusing on innovative financial products and solutions for capital growth and investment.
Services
GoFintech offers a various suite of services under the Fortune brand, tailored to meet various investment and financial management needs:
Fortune Asset (Shenzhen): Extends its asset management expertise to the Chinese market, offering localized investment strategies and asset management services.
Capital Investment Entrant Scheme: Provides services for investors looking to enter investment markets, facilitating their investment in exchange for residence status or other benefits.
Commissions and Fees
The fee structure in GoFintech includes a variety of charges associated with securities trading and other financial services:
Standard Commission Rate: For securities transactions, a standard commission rate of 0.25% of the transaction amount is applied, with a minimum charge of HK$100. This fee is subject to negotiation, allowing some flexibility based on the client's transaction volume or agreement with the service provider.
Stamp Duty: A government levy on transactions, stamp duty is charged at 0.1% of the transaction value, rounded up to the nearest dollar. This tax is standard across transactions involving securities to ensure regulatory compliance and revenue for the government.
SFC Transaction Levy: The Securities and Futures Commission imposes a transaction levy of 0.0027% on the transaction amount. This fee supports the regulatory activities of the SFC, ensuring the proper supervision of the securities market.
Financial Reporting Council Transaction Levy: An additional levy of 0.00015% of the transaction amount, rounded to the nearest cent, is charged to support the activities of the Financial Reporting Council, which oversees accounting and auditing practices in Hong Kong.
HKEX Trading Fee: The Hong Kong Exchanges and Clearing Limited charges a trading fee of 0.00565% on each transaction, contributing to the operational and regulatory costs associated with maintaining the trading platform and exchange.
CCASS Stock Settlement Fee: For settling trades through the Central Clearing and Settlement System, a fee of 0.002% of the transaction amount is charged, with a minimum of HK$2 and a maximum of HK$100 per transaction. This fee covers the costs related to the clearing and settlement of securities.
Real-time Quotation Service: Provided by AASTOCKS, this service charges HK$330 per month for Hong Kong clients and HK$230 for Mainland China clients, offering up-to-the-minute financial data and stock prices to facilitate informed trading decisions.
Account Maintenance and Nominee Services Fees: Various administrative fees are associated with account maintenance, such as custody of HK stocks and services related to corporate actions like dividend collection and rights issues, each with specific charges to cover operational costs.
Financing Fees: For margin accounts, an interest rate of the prime rate plus 6% per annum is charged, and for overdue cash accounts, the interest rate is the prime rate plus 8% per annum. These rates apply to borrowed funds used for trading on margin.
IPO Application Fees: A fee of HK$30 is charged for each IPO application made by phone or electronic platform, with an additional HK$100 for administration of margin facilities, reflecting the administrative cost of processing these transactions.
Platforms
GoFintech offers a web-based online trading platform and a mobile app called Fortune Trader for its trading services:
Web-based Online Trading: This platform allows users to trade directly from any standard web browser without the need for downloading any additional software. It provides a convenient and accessible way to manage investments and trading activities over the internet.
Fortune Trader Mobile App: Designed specifically for mobile users, the Fortune Trader app is currently available in Chinese language only. It can be downloaded from:
Appstore (iOS): For iPhone users, ensuring they can trade and manage their portfolio from their iOS devices.
Google Play (Android): For Android users, allowing access to trading features on a range of Android smartphones.
APK Download: This option is provided for Android phones that do not have Google services, such as some models of Huawei phones. However, compatibility with Huaweis HarmonyOS is not guaranteed, which may affect performance or availability on those specific devices.
Customer Service
Fortune (HK) Securities Limited offers various customer support from its office located at 4102-06, 41/F, COSCO Tower, 183 Queen's Road Central, Hong Kong.
Clients can contact the general line at 3105-1829 for telephone support, send faxes to 3189-2155, or use WhatsApp and WeChat for direct messaging, though these services are exclusively for registered Fortune clients. The WhatsApp contact number is 6359-7497, and the WeChat ID is FSL3369.
The office operates from Monday to Friday, 9:00 to 18:00, and is closed on Saturdays, Sundays, and public holidays, ensuring dedicated support during working days.
Educational Resources
GoFintech provides educational resources primarily in the form of company news updates.
These resources are designed to keep clients informed about the latest market trends, financial insights, and company-specific developments.
By regularly updating this content, GoFintech ensures that its clients have access to relevant and timely information that can aid in making informed investment decisions.
Conclusion
GoFintech, a well-established financial services provider in Hong Kong, offers a various array of services and platforms under the Fortune brand.
With over 20 years of experience, the company is regulated by the SFC and provides a secure and diverse trading environment, supported by web-based and mobile trading platforms.
Their customer support is robust, available through various channels including phone, WhatsApp, and WeChat during business hours. Educational resources are primarily focused on company news, helping clients stay informed about market conditions and financial insights.
FAQs
Question: What trading platforms does GoFintech offer？
Answer: GoFintech offers a web-based online trading platform and the Fortune Trader mobile app, available for iOS and Android devices.
Question: How can I contact customer support at GoFintech？
Answer: Customer support can be reached at the general phone line 3105-1829, via fax at 3189-2155, or through WhatsApp and WeChat for registered clients.
Question: What are GoFintech's office hours？
Answer: The office hours are Monday to Friday from 9:00 to 18:00, closed on Saturdays, Sundays, and public holidays.
Question: What type of educational resources does GoFintech provide？
Answer: GoFintech provides educational resources in the form of company news, which offers updates and insights into market trends and financial developments.
Question: Is GoFintech regulated by any financial authorities？
Answer: Yes, GoFintech is regulated by the Securities and Futures Commission (SFC) of Hong Kong.
China
Owns 1 seat(s)
