Ping An of China Securities (Hong Kong) Company Limited (“PACSHK”) is the first wholly owned overseas subsidiary of Ping An Securities Company Limited (The Shenzhen headquarter is set up in August 1991). PACSHK is established in 2006, it is deeply trusted by customers for our high-quality and professional services.
What is PACSHK？
PACSHK, a subsidiary of Ping An Insurance Group, is a leading financial services provider in Hong Kong. With a strategic focus on the Asian markets, PACSHK offers its clients access to a wide array of financial instruments across different geographies.
PACSHK's drawbacks include minimum account balance requirements for certain account types, a potentially complex platform for beginners, and more limited access to international markets compared to some brokers.
Pros and Cons of PACSHK
PACSHK, backed by the financial strength of Ping An Insurance Group, offers a secure trading environment. The platform's diverse range of tradable securities, including stocks, futures, options, ETFs, mutual funds, and bonds, caters to a wide array of investment strategies. Additionally, its user-friendly trading platform is equipped with advanced features, empowering both novice and seasoned investors to make informed decisions.
However, PACSHK does have some drawbacks. The fees for some of PACSHKs managed account services can be higher than industry averages. The platform's advanced features might be overwhelming for beginners who are not familiar with complex trading strategies. Additionally, compared to some other brokers, PACSHK's access to international markets is somewhat limited.
Is PACSHK safe？
Regulations
PACSHK is officially licensed and regulated by The Securities and Futures Commission (SFC) in Hong Kong under license numbers AOD938, BMC491, AXR954 for a wide range of business activities.
Funds Safety
PACSHK ensures the safety of client funds through stringent regulatory compliance and robust financial practices. PACSHK adheres to the regulatory standards that mandate the segregation of client funds from the companys operational funds. This segregation ensures that client assets are protected and can be returned to clients in the event of insolvency or other financial issues faced by the broker.
Safety Measures
The broker employs advanced security measures to protect client data and trading activities. This includes state-of-the-art encryption technology to secure communications and transactions, two-factor authentication (2FA) to prevent unauthorized access, and continuous system monitoring to detect and address potential vulnerabilities promptly.
What are securities to trade with PACSHK？
PACSHK offers access to a wide array of financial instruments, including:
Stocks: PACSHK provides access to a diverse selection of stocks from various exchanges, including the Hong Kong Stock Exchange, the New York Stock Exchange, and the NASDAQ. Investors can trade Hong Kong stocks, U.S. stocks, and A-shares through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs.
Futures: PACSHK offers access to a broad range of global futures markets, covering commodities, indices, and currencies.
Options: Investors can trade stock options and index options on various exchanges.
Exchange-Traded Funds (ETFs): PACSHK provides access to a variety of ETFs that track different asset classes and markets.
Mutual Funds: Clients can choose from a selection of mutual funds managed by PACSHK and other fund managers.
PACSHK Accounts
PACSHK provides a variety of account types to suit different investment goals and needs:
Individual Cash/Margin Account: Individual Cash Accountis a basic account suitable for investors who want to trade with settled funds. On the other hand, Individual Margin Accountallows investors to borrow funds from PACSHKto leverage their positions, potentially amplifying gains but also increasing risk.
Joint Account: This account allows two or more individuals to jointly manage their investments and share trading privileges.
Corporate Account: Designed for corporations and institutions, this account offers specialized services and trading features.
PACSHK Fees Review
PACSHK charges a commission for trading stocks, futures, options, and ETFs. The commission rate varies depending on the type of security and the exchange. For example, the commission rate for trading Hong Kong stocks is 0.25% of the transaction value for phone trades and 0.20% for online trades, with a minimum charge of HK$100. The commission rate for trading US stocks is 0.30%, with a minimum charge of US$35.
In addition to commissions, PACSHK also charges other fees, such as platform fees, custody fees, and transaction levies. Platform fees are charged for the use of PACSHK's trading platform. Custody fees are charged for holding securities in a PACSHK account. Transaction levies are charged by the exchange on which the security is traded.
Account maintenance fees include a custody fee for bonds, calculated at 0.04% of the holding value on the last trading day of each month. Inactive accounts, those with no transactions for over a year, incur an annual fee of HK$500. Re-issuing statements and obtaining asset verification documents also carry fees.
Corporate action fees apply to share registration transfers, share consolidation, and the receipt of various distributions like dividends, bonus shares, rights issues, and warrants. These fees vary depending on the specific action and the currency involved.
PACSHK App Review
PACSHK provides access to its brokerage accounts through both online and mobile platforms:
PACSHK Mobile App: The mobile app, compatible with both iOS and Android devices, empowers investors to trade on-the-go, manage their accounts, access real-time market news, and conduct research. It boasts an intuitive interface and effortless integrates with other PACSHK platforms, providing a cohesive and user-friendly experience
PC software: PACSHK offers a sophisticated PC software equipped with advanced features, including real-time quotes and charts, technical analysis tools, news and research, customizable watchlists, and extensive order placement and management capabilities..
Research and Education
PACSHK provides extensive research and educational resources to help clients stay informed and make better trading decisions:
Research Reports: Detailed analyses on market trends, individual stocks, and economic indicators.
Operation Manual: PACSHK provides operation manual section to help clients with wealth management products, adjustment of the service time, etc.
FAQs: PACSHK also offers a FAQ section to answer questions about account, trading, etc.
Customer Service
For any inquiries regarding customer support, trading hours, funding accounts, or opening new accounts, PACSHK provides two contact options to assist clients with different needs:
Phone Support: 852-3762-9688, PACSHK offers phone support for direct assistance with various inquiries, including trading, account management, and technical support.
Email: Clients can also contact the customer support team via email. General customer support can be contacted at cs.pacshk@pingan.com.
Conclusion
PACSHK stands out as an extensive brokerage firm in Hong Kong. With a strong emphasis on safety, innovation, and client satisfaction, they offer a wide range of financial products and services suitable for both seasoned and novice investors. While the platform may be somewhat complex for beginners and certain accounts have minimum balance requirements, the advantages of robust security, extensive research, and excellent customer service make PACSHK a compelling choice for investors seeking a trusted partner in navigating the financial markets.
FAQs
Q: What types of accounts does PACSHK offer？
A: PACSHK provides individual, joint, corporate, and margin accounts to suit various investor needs.
Q: What securities can I trade with PACSHK？
A: You can trade global stocks, Hong Kong stocks, overseas stocks, futures and options, bonds, and OTC funds.
Q: Are my funds safe with PACSHK？
A: Yes, PACSHK ensures the safety of client funds through strict regulatory compliance and segregation of client funds from company assets.
Risk Warning
WikiStock's expert assessment of the brokerage's website data is subject to change and should not be taken as financial advice. Online trading carries substantial risks, including the potential loss of all invested capital, and it's crucial to fully understand these risks before investing.
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