华宝证券

HWABAO Securities
WikiStock Rating	⭐⭐⭐⭐
Account Minimum	N/A
Fees (Trading Fees)	0.3% of the transaction amount in HKD with a minimum fee of HKD 5.
Account Fees	Securities custody services fees ranging from 0.003% to 0.008% annually
Interests on Uninvested Cash	N/A
Margin Interest Rates	Daily margin increase ratio of 20%, rising to 25% near expiration. Penalty interest rate of 0.15% per day for overdue accounts.
Mutual Funds Offered	Yes
App/Platform	Huabao Mobile Securities, Huabao Investment App, Huabao Zhitou Online Trading, Tongdaxin Online Trading, Huabao Qianlong Option, Huabao Option (Full Version) Client
Promotion	No

What is HWABAO Securities？

　　HWABAO Securities offers a wide array of tradable securities and services, including asset management products, trust products, funds, margin trading, stock options, stock financing, and access to the Hong Kong Stock Connect.

　　Commissions and fees are rather high, with commission rates capped at 0.3% for securities trading. The brokerage operates during regular business hours and is regulated by the China Securities Regulatory Commission (CSRC). Its robust security measures ensure the safety of client assets and data.

　　With a wide range of offerings and regulatory oversight, HWABAO Securities provides investors with opportunities for portfolio diversification and professional trading services.

Pros and Cons

　　HWABAO Securities offers several notable advantages. Firstly, it provides a wide range of tradable securities, accommodating a wide spectrum of investor preferences and risk tolerances. This breadth allows investors to construct well-rounded portfolios aligned with their financial objectives. Secondly, the brokerage implements robust security measures to safeguard client assets and data. This commitment to security fosters trust and confidence among investors, crucial for long-term partnerships.

　　However, HWABAO Securities also has its drawbacks. Its commission rates, which can go as high as 0.3%, may deter cost-conscious investors seeking more competitive pricing. Additionally, the margin interest rates, reaching up to 0.15% per day for overdue accounts, could potentially erode profits for traders who rely heavily on margin trading.

Is HWABAO Securities Safe？

• Regulations:

　　HWABAO Securities operates under a Securities Trading License issued by the China Securities Regulatory Commission (CSRC).

　　This license, which is a mandatory requirement for conducting securities trading activities in China, ensures that HWABAO Securities adheres to the regulatory standards set by the CSRC.


• Funds Safety:

　　In HWABAO Securities, customer account balances are insured up to a coverage amount of ¥500,000 (Chinese Yuan) per client. This insurance is provided under the China Securities Investor Protection Fund (CSIPF), ensuring a safety net for clients' investments in the event of broker insolvency.

• Safety Measures:

　　HWABAO Securities implements robust security measures to protect client assets and data. They employ advanced encryption technologies for secure online transactions and client information storage.

　　Multi-factor authentication is used to verify client identity, reducing the risk of unauthorized access.

　　HWABAO also conducts regular cybersecurity audits and vulnerability assessments to identify and mitigate potential threats. Their trading systems are equipped with real-time monitoring to detect and respond to suspicious activities swiftly.

What are securities to trade with HWABAO Securities？

　　HWABAO Securities offers a wide array of tradable securities to its clients. These securities encompass various financial instruments, providing investors with opportunities for portfolio diversification and potential returns. Here's an overview of the tradable securities available:

• Asset Management Products: These products involve the management of pooled funds by professional portfolio managers. Investors can participate in different asset classes, such as equities, fixed income securities, and alternative investments, depending on their risk tolerance and investment objectives.

• Trust Products: Trust products provide investors with exposure to a range of assets, including real estate, infrastructure projects, and corporate debt. These products offer potential returns through income distributions and capital appreciation.
• Funds: HWABAO Securities offers various mutual funds and exchange-traded funds (ETFs) covering different sectors, regions, and investment strategies. Funds provide investors with instant diversification and professional management.

• Margin Trading: Margin trading allows investors to borrow funds from the brokerage to leverage their investment positions in stocks or other securities. This strategy amplifies potential returns but also increases the risk of losses.
• Stock Options: Stock options provide investors with the right, but not the obligation, to buy or sell a specific stock at a predetermined price within a specified period. Options trading can be used for hedging, speculation, or generating income.

• Stock Financing Business: HWABAO Securities offers stock financing services, allowing investors to borrow funds secured by their existing stock holdings. This service provides liquidity to investors and enables them to leverage their stock investments.

• Hong Kong Stock Connect (Shanghai): This program allows international investors to trade eligible stocks listed on the Shanghai Stock Exchange through the Hong Kong Stock Exchange, providing access to China's A-share market.
• Hong Kong Stock: HWABAO Securities facilitates trading in stocks listed on the Hong Kong Stock Exchange, offering a wide range of investment opportunities in various industries and sectors.

HWABAO Securities Fees Review

　　Securities Trading Commission:

　　HWABAO Securities charges a commission fee for securities trading, capped at 0.3% of the transaction amount in Hong Kong dollars (HKD), with a minimum fee of HKD 5. This commission is bilateral, meaning it applies to both buy and sell transactions.

　　Several transaction taxes and fees are applicable, including:

• Transaction Levy by Hong Kong Securities and Futures Commission:0.0027% of the transaction amount (HKD).
• Financial Reporting Council Transaction Levy:0.00015% of the transaction amount (HKD).
• Securities Transaction Stamp Duty: 0.13% of the transaction amount (HKD), rounded to the nearest Hong Kong dollar.

　　Transaction Fee:

　　HWABAO Securities charges a transaction fee of 0.00565% of the transaction amount (HKD) on the Hong Kong Stock Exchange.

　　Clearing and Delivery Services:

• Stock Settlement Fee by Hong Kong Clearing Corporation: 0.002% of the transaction amount (HKD), with minimum and maximum fees of HKD 2 and HKD 100 respectively.
• Securities Custody Services: The annual fee rate varies based on the market value of securities held, ranging from 0.008% for holdings less than 50 billion HKD to 0.003% for holdings above 1 trillion HKD.

　　Taxes:

　　HWABAO Securities does not charge capital gains tax. Dividend tax is collected in accordance with the requirements of the State Administration of Taxation.

Fee Type	Details
Securities Trading Commission	Up to 0.3% of transaction amount in HKD, with minimum fee of HKD 5
Transaction Taxes and Fees	- Transaction Levy: 0.0027% of transaction amount in HKD
	- Financial Reporting Council Transaction Levy: 0.00015% of transaction amount in HKD
	- Securities Transaction Stamp Duty: 0.13% of transaction amount in HKD (rounded to nearest)
Transaction Fee	0.00565% of transaction amount in HKD
Clearing and Delivery Services	- Stock Settlement Fee: 0.002% of transaction amount in HKD, min. HKD 2, max. HKD 100
	- Securities Custody Services: Annual fee based on market value of securities held
Taxes	No capital gains tax; Dividend tax collected as per State Administration of Taxation requirements

　　Comparing HWABAO Securities' fees with popular brokers, some fees, such as the securities custody services fee, may be considered relatively high compared to other brokers. Overall, while HWABAO Securities' fees are generally competitive, investors should carefully evaluate their trading frequency and investment strategy to determine the impact of these fees on their overall returns.



　　Margin Interest Rate

　　HWABAO Securities offers margin trading with a daily margin increase ratio of 20%, rising to 25% near expiration (E-3 to E day). The extraction line stands at 80%, with a penalty interest rate of 0.15% per day for overdue accounts.



HWABAO Securities App Review

• Mobile App

　　Huabao Mobile Securities

　　Huabao Mobile Securities offers one-stop trading services, including the Science and Technology Innovation Board, margin trading, stock transfer, and support for commercial encryption applications. Additionally, it provides asset diagnosis and access to a financial mall offering open-end funds, OTC products, and asset management services. The mobile app focuses on stock trading, offering features like quick account opening, conditional order trading, real-time information updates, and balance management.

Huabao Investment App

　　The Huabao Investment App is designed to focus on stock trading, providing users with a convenient and user-friendly platform for investment activities. The app offers features such as quick account opening with ultra-low commissions and intelligent trading services. It allows users to place conditional orders intelligently to seize opportunities in the market efficiently. The app also provides real-time information updates, enabling users to stay informed about all hot spots and potential stocks.

　　Additionally, the app offers balance management functionality, allowing for automatic management of idle funds from stock trading and quick cash withdrawal without delay.


• Trading platform

　　Huabao Zhitou Online Trading

　　Huabao Securities presents the Zhitou PC terminal, providing users with fast market conditions and a modern, streamlined design. This platform offers robust functionalities and significant performance enhancements. Notable features include support for after-hours buy/sell functions on the credit science and technology innovation board, as well as ordinary transactions across various markets like the Shanghai and Shenzhen main boards, ChiNext, and more. The platform also facilitates IPV6 network connection for block transactions and margin tradin.



　　Huabao Securities Tongdaxin Online Trading (Zhifu Edition)

　　The Tongdaxin Online Trading software, known as the wealth version, is a comprehensive online securities trading system provided by Huabao Securities. It integrates market information, trading services, and supports a wide range of investment products including A shares, B shares, funds, GEM registration system, and more. This platform also facilitates margin trading, new stock and bond subscriptions, and provides IPV6 support along with professional financial management services.



　　Huabao Securities Tongdaxin version independent trading

　　This version offers an independent order placing system, enabling customers to connect to other market systems conveniently. It supports various trading functions including GEM registration system, Sci-Tech Innovation Board, stock transfer, block trading, and new stock subscriptions. The platform is designed to provide flexibility and ease of use for traders seeking various investment opportunities.

　　Huabao Qianlong Option

　　Qianlong Option Bao, produced by Option Bao, is a professional option terminal that integrates market conditions, strategies, and entrustment. It introduces a new design concept for market conditions and entrustment, offering a clear product interface layout. The terminal is suitable for different analysis and trading needs, supporting Shanghai and Shenzhen options transactions along with accurate calculation capabilities and flexible parameter allocation.

　　Huabao Option (Full Version) Client

　　Qianlong Option Treasure (Full Reality) Client is a professional option terminal that integrates market conditions, strategies, and entrustment. It introduces a new design concept for market conditions and entrustment, featuring a clear product interface layout suitable for traders with various analysis and trading needs. The terminal supports Shanghai and Shenzhen options transactions, providing accurate calculation and flexible parameter allocation capabilities.

Research & Education

　　HWABAO Securities demonstrates a commitment to investor education through various initiatives, including partnerships with educational institutions and community outreach programs.

　　They conduct investment education activities in schools and universities, integrating financial literacy with real-world practice.

　　Additionally, they organize events like the “Shareholders Are Coming” Investor Rights Knowledge Competition, fostering investor awareness and engagement.



Customer Service

　　HWABAO Securities provides customer support via their official hotline, reachable at 400-820-9898. Representatives are available during regular business hours for assistance. The hotline offers support for various inquiries, including account-related issues, trading assistance, and general inquiries about products and services.

Conclusion

　　HWABAO Securities offers a wide range of tradable securities and robust security measures, serving investors seeking professional trading services. However, its high commission rates and certain fees may deter cost-conscious investors.

　　Despite this, the platform is suitable for experienced traders and investors who prioritize access to a wide range of investment products and value regulatory oversight.

　　While the fees are relatively high, the platform's security measures provide peace of mind, making it a viable option for those prioritizing asset protection and portfolio diversification over cost savings.

FAQs

　　Is HWABAO Securities a good platform for beginners？

　　While HWABAO Securities offers a user-friendly interface, beginners should consider its high commission rates and fees and assess their investment goals and risk tolerance.

　　Is HWABAO Securities legit？

　　Yes, HWABAO Securities is a regulated brokerage firm authorized by the China Securities Regulatory Commission, providing legitimate trading services.

　　Is HWABAO Securities good for investing or retirement？

　　HWABAO Securities offers a wide range of investment products suitable for long-term investing and retirement planning, but investors should consider the associated fees and commissions.

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.