Cross-boundary Wealth
Management Connect

Chong Hing Bank Limited (the “Bank”) and its designated partner banks in the Mainland have jointly launched the WMC Southbound Service to cater the financial needs of customers:

1. Chong Hing Bank Limited Guangzhou Branch (“Guangzhou Branch”) 
   
   Eligible Customers must fulfill all of the following criteria:
   1. Have full civil capacity;
   2. Are GBA residents or persons who have contributed social insurance/individual income tax in the 9 GBA Mainland cities for at least 2 consecutive years;
   3. Have investment experience of 2 years or more and meet one of the following conditions: the month-end balances of family financial net assets in the past 3 months are not less than RMB 1 million, or the month-end balances of family financial assets in the past 3 months are not less than RMB 2 million, or average personal annual income in the past 3 years are not less than RMB 400,000;
   4. Not assessed as vulnerable customers for all investment products;
   5. Hold an original copy of the Hong Kong Identity Card/ Macau Resident Identity Card and valid Mainland Travel Permit for Hong Kong and Macau Residents;
   6. Meet other requirement of opening an investment account, including holding valid residential address proof.
      
      Service Factsheet for WMC Southbound Service (Mainland designated partner bank ─ Chong Hing Bank Limited Guangzhou Branch)(Chinese version only)
      
      
      
2. Industrial Bank Co., Ltd. Guangzhou Branch (Industrial Bank Co., Ltd.)
   
   Eligible Customers must fulfill all of the following criteria:
   1. Have full civil capacity;
   2. Are GBA residents or persons who have contributed of social insurance/individual income tax in the 9 GBA Mainland cities for at least 2 consecutive years;
   3. Have investment experience of 2 years or more and meet one of the following conditions: the month-end balances of family financial net assets in the past 3 months are not less than RMB 1 million, or the month-end balances of family financial assets in the past 3 months are not less than RMB 2 million, or average personal annual income in the past 3 years are not less than RMB 400,000;
   4. Not assessed as vulnerable customers for all investment products;
   5. Hold an original copy of PRC Identity Card and Passport/Exit-Entry Permit for Travelling to and from Hong Kong and Macau;
   6. Meet other requirement of opening the investment account, including holding valid residential address proof.
      
      Service Factsheet for WMC Southbound Service (Mainland designated partner bank ─ Industrial Bank Co., Ltd. Guangzhou Branch)(Chinese version only)

WMC Southbound Service Scope

The Bank offers below services to “WMC Southbound eligible customers”

For more information about Cross-boundary Wealth Management Connect services,
Please contact us:

• Call the Bank’s Cross-boundary Wealth Management Connect Hotline：
  Hong Kong: (852) 3768 6698
  Cross-border Toll-free Hotline^#：4008415036
  Services hours are 9:00 am to 6:00 pm Monday to Friday, and 9:00 am to 1:00 pm on Saturday
• Visit our designated branches: Hong Kong Main Branch, Causeway Bay Branch, Sheung Wan Branch, Tsim Sha Tsui Branch, Mong Kok Branch, To Kwa Wan Branch, Tsuen Wan Branch and Sheung Shui Branch

^#When customers are in the Mainland, the toll-free hotline allows customers to contact our customer services free of IDD charges. Customers have to agree to be bound by the service providers' terms and conditions.

Risk Disclosure Statement

Below are some of the key risk factors concerning the use of the WMC Southbound Investment Account and the WMC Southbound Service and it is for reference only. This is not exhaustive in listing all the risks or other significant aspects of the WMC Southbound Service, it shall not constitute as solicitation of an offer to purchase any investment product, and shall not constitute as any advice, recommendation, representation, guarantee or legal liability of description for any investment. The Customer should ensure that he understands the risks and the nature of the WMC Southbound Service before subscribing to the WMC Southbound Service. The Customer should consider carefully and consult his own advisers when necessary.

1. Compliance with the Applicable Requirements
   Use of the WMC Southbound Service is subject to all the Applicable Requirements, including the applicable laws and regulations issued by the Authorities in Mainland China. The Applicable Requirements may be subject to change from time to time. Any change in the Applicable Requirements may have an adverse impact on the use or operation of the WMC Southbound Investment Account under the WMC Southbound Service (such as the imposition of a restriction on, or suspension of, the use of the WMC Southbound Service).
   
   The Bank may vary the scope of, suspend or terminate the WMC Southbound Investment Account under the WMC Southbound Service without prior notice for compliance with the Applicable Requirements. The Bank is not liable for any loss incurred or suffered by the Customer or any third party, arising from or in connection with the use of the WMC Southbound Investment Account under the WMC Southbound Service.
   
   
2. Designation of a WMC Mainland Remittance Account
   The WMC Southbound Investment Account can only be used strictly for the sole purpose of the WMC Southbound Service by pairing that account with the Customer’s WMC Mainland Remittance Account and cannot be used for any other purposes or functions which may otherwise be available in respect of a bank account opened and maintained with the Bank.
   
   The Customer must follow the procedures and requirements as the Bank may specify from time to time, including the designation of a WMC Mainland Remittance Account for funds remittance to and from the WMC Southbound Investment Account. The Customer can only designate one WMC Mainland Remittance Account and cannot change such designated account without the Bank’s consent. The WMC Mainland Remittance Account must be opened and maintained with the Cooperating Bank. The operation of the WMC Mainland Remittance Account is subject to the terms and conditions applicable to such account as prescribed by the Cooperating Bank. The Customer shall understand the terms and risks associated with the operation of the WMC Mainland Remittance Account.
   
   In addition, the Customer should understand that the Cooperating Bank is incorporated in Mainland China, is not an authorized institution in Hong Kong as defined in the Banking Ordinance (Cap. 155 of the Laws of Hong Kong) and is not subject to the supervision of the Hong Kong Monetary Authority. The Cooperating Bank cannot carry on any banking business or the business of taking deposits in Hong Kong. Any deposits maintained with the Cooperating Bank are not protected under the Deposit Protection Scheme in Hong Kong.
   
   
3. Restrictions on fund transfer and remittance
   All funds transfer and remittance under the WMC Southbound Service is restricted and subject to the Applicable Requirements and other requirements as the Bank may specify from time to time. The Customer can only effect cross-boundary fund remittance in RMB under the WMC Southbound Service under a closed-loop mechanism by pairing together the WMC Mainland Remittance Account and the WMC Southbound Investment Account, subject to any applicable aggregate and individual investor quota(s) imposed by the Applicable Requirements and/or other requirements as the Bank may specify from time to time. In other words, the Customer cannot effect cross-boundary fund remittance in RMB if the applicable aggregate or individual investor quota(s) has been exceeded. The Bank does not accept cross-boundary remittance for any other purpose.
   
   The Customer shall only deposit funds into the WMC Southbound Investment Account by way of cross-boundary fund remittance in RMB from the WMC Mainland Remittance Account, subject to any applicable aggregate and individual investor quota(s) imposed by the Applicable Requirements and/or other requirements as the Bank may specify from time to time. Funds must be converted into RMB for remittance back to the WMC Mainland Remittance Account. The Customer shall only use the funds in the WMC Southbound Investment Account to invest in the Eligible Products. The Customer cannot withdraw cash, nor transfer the balance from the WMC Southbound Investment Account to any account other than the WMC Mainland Remittance Account. In addition, the Applicable Requirements may change from time to time.
   
   The Bank generally transfers funds out of a Customer’s account upon instructions during working hours, subject to the types of transfer and the manner of instructions. The Bank reserves the right to reject the Customer’s instructions for the WMC Southbound Service, as the Bank reasonably considers appropriate. There is no assurance that the Customer’s instruction can be successfully processed in time or be processed at all. If a Customer’s instructions are rejected or not processed in time, the Customer may be subject to liquidity risk.
   
   The Customer shall not authorise any third party to operate his WMC Southbound Investment Account.
   
   
4. Restricted list of Eligible Products
   The Customer is only allowed to utilise funds in the WMC Southbound Investment Account for investment in the Eligible Products. The Bank may change the list of the Eligible Products from time to time without giving any reason or prior notice. The Customer cannot purchase products which have ceased to be the Eligible Products.
   
   The Customer must ensure that all assets held in the WMC Southbound Investment Account (or any part thereof) are free from any charge, lien or other security interests or encumbrances or claims in favour of any other person.
   
   
5. RMB currency risk
   RMB is subject to foreign exchange control and restrictions imposed by the Mainland Chinese central government. There may be additional rules, regulations and restrictions that are relevant to RMB conversion. The Customer should take reasonable steps to look out for updates and details before giving instructions for RMB conversion.
   
   The exchange rate of RMB may vary from time to time. There is no guarantee that RMB will not depreciate. The exchange rate of RMB traded outside Mainland China (“Offshore RMB”) will be affected by, amongst other things, foreign exchange control imposed by the Mainland Chinese central government from time to time. The Customer will incur currency conversion costs (being the spread between the purchase and sale of Offshore RMB) and be subject to exchange rate fluctuation risks in any such currency conversion.
   
   
6. Foreign exchange risk
   If the Eligible Products that are traded by the Customer are not denominated in RMB, the Customer may have to convert RMB into the relevant foreign currency when the Customer invests in that foreign currency denominated Eligible Product. The Customer will be exposed to exchange rate risk.
   
   In addition, if the relevant foreign currency is subject to exchange control, it is possible that the Customer may not receive the relevant foreign currency upon redemption or sale of the foreign currency denominated Eligible Products. The relevant foreign currency denominated Eligible Products may also be subject to liquidity risk, credit and insolvency risks of the product issuers.
   
   The Bank is not responsible or liable for any diminution in the amount or the value of any foreign currency denominated Eligible Products due to taxes, imposts or depreciation, nor for the unavailability of any currency due to restrictions on convertibility or remittance, requisitions, involuntary transfers, exercise of military or usurped powers, or other similar causes beyond the Bank’s control.
   
   
7. Disclosure of information
   The Customer agrees and authorises the Bank to collect, use or otherwise process the Customer Information for the purpose of the WMC Southbound Service and/or for compliance with the Applicable Requirements in accordance with the Data Policy Notice.
   
   The Bank may disclose the Customer Information and transfer such information to a place outside Hong Kong for the purpose of the WMC Southbound Service and/or for compliance with the Applicable Requirements in accordance with the Data Policy Notice:
   
   1. to the Cooperating Bank that opened the Customer’s WMC Mainland Remittance Account;
   2. to any Authorities to comply with the Applicable Requirements (such as meeting any aggregate and individual investor quota prescribed by the Applicable Requirements); and/or
   3. to other third parties as permitted by, and for such purposes according to the Bank's Data Policy Notice.
      
      
8. WMC Southbound Service channel and operational hours
   The Bank has the absolute discretion to determine and vary the service channel and operational hours of the WMC Southbound Service. The Customer should be aware of the risk of price fluctuations in the Eligible Products during such time when the WMC Southbound Service is not available.
   
   
9. General risks associated with investing in the Eligible Products
   Investing in the Eligible Products involves risks. The Customer should understand and assess the risks associated with such investment (including the specific risk disclosures set out in the transaction documents of the relevant Eligible Products).
   • Certain Investment Funds may use derivative instruments to meet their investment objectives, which may lead to higher volatility to their net asset values or expose them to risk of losses greater than the costs of the derivatives. Investment involves risks. Past performance is not indicative of future performance. The price of investment products may move up or down, and may become valueless. Investors should consider their own investment objective, financial position, risk tolerance level and relevant circumstances, and read the relevant offering documents and risk disclosure statement before making any investment decision. If investors have any doubt, they should seek independent professional advice.
   • Foreign currency investments are subject to exchange rate fluctuation which may provide opportunities and risks. The fluctuation in the exchange rate of foreign currencies may result in gains or losses in the case where the customer converts foreign currency to HK dollars or other foreign currencies. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives. RMB is not freely convertible and conversion of RMB through banks in Hong Kong is subject to the rules, regulations and guidelines from the relevant regulatory authorities or entities from time to time.
   • Prices of bonds will fluctuate. The price of any individual bond (or its profit, if any) may move upward or downward and such bond may even become valueless. Investment in bond may be subject to credit risk, liquidity risk, interest rate risk and other risks inherent in any investment that losses may be incurred rather than profits made as a result of buying and selling bonds. Independent assessment of the risks and appropriateness of the transaction in the light of investor's own risk profile, objectives and circumstances, including the possible risks and benefits of entering into such transaction, should be made before entering into any transaction. Investors should seek independent professional advice whenever necessary.
     
     
10. Suspension or termination of the WMC Southbound Investment Account and/or the WMC Southbound Service
    The Bank may suspend or terminate the Customer’s use of the WMC Southbound Investment Account and/or the WMC Southbound Service at any time by giving at least 30 days’ prior written notice to the Customer. The Bank has the right to suspend or terminate the WMC Southbound Investment Account and/or the WMC Southbound Service at any time immediately without notice to the Customer if:
    
    
    1. the WMC Mainland Remittance Account is suspended or terminated;
    2. the Bank reasonably considers that the Customer is in breach, or may be in breach, of the T&Cs, the General T&Cs or any Applicable Requirements;
    3. the provision of the WMC Southbound Service by the Bank becomes or will become illegal or impracticable due to change in the Applicable Requirements;
    4. the Customer places the Bank in a position where the Bank could be acting outside a law, regulation, court order or an agreement with or guidance from any Authority; or
    5. the Bank reasonably believes that if the Bank does not suspend or terminate the Customer’s use of the WMC Southbound Service, the Bank may be subject to action or censure from any Authority.

To terminate the WMC Southbound Service and/or the WMC Southbound Investment Account, the Customer is required to take such steps as the Bank may require, including providing the Bank with documentary evidence demonstrating to the Bank’s satisfaction:

10. 1. the disposal, sale or termination of all the Eligible Products purchased under the WMC Southbound Service; and
    2. the conversion of funds in the WMC Southbound Investment Account into RMB and remittance of all such funds to the WMC Mainland Remittance Account; and
    3. dismissing the pairing relationship between the WMC Southbound Investment Account and the WMC Mainland Remittance Account.

The termination of the WMC Southbound Service and/or the WMC Southbound Investment Account will take effect from such date as determined by the Bank. The Customer should ensure that there are no Eligible Products or outstanding funds in the WMC Southbound Investment Account no less than 30 days before the date of termination of the WMC Southbound Investment Account.

11. Taxation
    The Customer is fully responsible for any taxes in respect of transactions conducted under the WMC Southbound Service and agrees to indemnify the Bank on demand from and against all taxes which the Bank may incur in connection with any Eligible Products which the Customer holds or otherwise deals in. The Bank assumes no responsibility for advising on or handling any tax issues, liabilities and/or obligations in connection with the WMC Southbound Service and will not provide any service or assistance in this regard. The Customer is strongly recommended to obtain independent tax advice on the possible tax consequences before entering into any transaction under the WMC Southbound Service.

Important Notice

Investors are subject to the provisions contained in the Bank's "Data Policy Notice" and "Disclaimer", investors have to familiarise themselves with their terms and conditions as may be revised by the Bank from time to time.

This page is issued by Chong Hing Bank Limited. The contents of this page have not been reviewed by any regulatory authority in Hong Kong. Content of this page is general information and for reference only. It does not constitute an offer, or an invitation to purchase or sell any investment product or service mentioned above.

Chong Hing Bank Limited (the “Bank”) and its designated partner bank - Industrial Bank Co., Ltd. Guangzhou Branch in the Mainland have jointly launched the WMC Northbound Service to cater to customers’ financial needs.

Eligible Customers must fulfill all of the following criteria:

1. Have full civil capacity;
2. Are Hong Kong residents holding the Hong Kong Identity Card (permanent and non-permanent);
3. Not assessed as vulnerable customers for all investment products;
4. Hold the Mainland Travel Permit for Hong Kong and Macau Residents (applicable to permanent Hong Kong residents);
5. Hold a valid passport (applicable to non-permanent Hong Kong residents).

WMC Northbound Service Scope
The Bank offers below services to “WMC Northbound eligible customers”:

Service Factsheet for WMC Northbound Service (Mainland designated partner bank ─ Industrial Bank Co., Ltd. Guangzhou Branch) (Chinese version only)

For more information about Cross-boundary Wealth Management Connect services,
please contact us:

• Call the Bank’s Cross-boundary Wealth Management Connect Hotline：
  Hong Kong: (852) 3768 6698
  Cross-border Toll-free Hotline^#：4008415036
  Services hours are 9:00 am to 6:00 pm Monday to Friday, and 9:00 am to 1:00 pm on Saturday
• Visit our designated branches: Hong Kong Main Branch, Causeway Bay Branch, Sheung Wan Branch, Tsim Sha Tsui Branch, Mong Kok Branch, To Kwa Wan Branch, Tsuen Wan Branch and Sheung Shui Branch

^#When customers are in the Mainland, the toll-free hotline allows customers to contact our customer services free of IDD charges. Customers have to agree to be bound by the service providers' terms and conditions.

Risk Disclosure Statement

Below are some of the key risk factors concerning the use of the WMC Northbound Remittance Account and the WMC Northbound Service and it is for reference only. This is not exhaustive in listing all the risks or other significant aspects of the WMC Northbound Service, it shall not constitute as solicitation of an offer to purchase any investment product, and shall not constitute as any advice, recommendation, representation, guarantee or legal liability of description for any investment. The Customer should ensure that he/she understands the risks and the nature of the WMC Northbound Service before subscribing to the WMC Northbound Service. The Customer should consider carefully and consult his own advisers when necessary.

1. Compliance with the Applicable Requirements
   Use of the WMC Northbound Service is subject to all the Applicable Requirements, including the applicable laws and regulations issued by the Authorities in Mainland China. The Applicable Requirements may be subject to change from time to time. Any change in the Applicable Requirements may have an adverse impact on the use or operation of the WMC Northbound RMB Remittance Account under the WMC Northbound Service (such as the imposition of a restriction on, or suspension of, the use of the WMC Northbound Service).
   
   

   The Bank may vary the scope of, suspend or terminate the WMC Northbound RMB Remittance Account under the WMC Northbound Service without prior notice for compliance with the Applicable Requirements. The Bank is not liable for any loss incurred or suffered by the Customer or any third party, arising from or in connection with the use of the WMC Northbound RMB Remittance Account under the WMC Northbound Service.

2. Designation of a WMC Mainland Investment Account
   The WMC Northbound RMB Remittance Account can only be used strictly for the sole purpose of the WMC Northbound Service by pairing that account with the Customer’s WMC Mainland Investment Account and cannot be used for any other purposes or functions which may otherwise be available in respect of a bank account opened and maintained with the Bank.
   
   

   The Customer must follow the procedures and requirements as the Bank may specify from time to time, including the designation of a WMC Mainland Investment Account for funds remittance to and from the WMC Northbound RMB Remittance Account. The Customer can only designate one WMC Mainland Investment Account and cannot change such designated account without the Bank’s consent. The WMC Mainland Investment Account must be opened and maintained with the Cooperating Bank. The operation of the WMC Mainland Investment Account is subject to the terms and conditions applicable to such account as prescribed by the Cooperating Bank. The Customer shall understand the terms and risks associated with the operation of the WMC Mainland Investment Account.

   In addition, the Customer should understand that the Cooperating Bank is incorporated in Mainland China, is not an authorized institution in Hong Kong as defined in the Banking Ordinance (Cap. 155 of the Laws of Hong Kong) and is not subject to the supervision of the Hong Kong Monetary Authority. The Cooperating Bank cannot carry on any banking business or the business of taking deposits in Hong Kong. Any deposits maintained with the Cooperating Bank are not protected under the Deposit Protection Scheme in Hong Kong. The transactions carried out in respect of the WMC Mainland Investment Account under the WMC Northbound Service will be subject to the protection of Applicable Requirements prescribed by the relevant Authorities in Mainland China. The Customer should understand the rules and procedures relevant to transactions in the Mainland China wealth management product market, and should consider his own circumstances before making investment decisions.
   
   
3. Restrictions on fund transfer and remittance
   All funds transfer and remittance under the WMC Northbound Service is restricted and subject to the Applicable Requirements and other requirements as the Bank may specify from time to time. The Customer can only effect cross-boundary fund remittance in RMB under the WMC Northbound Service under a closed-loop mechanism by pairing together the WMC Northbound RMB Remittance Account and the WMC Mainland Investment Account for the purpose of the WMC Northbound Service, subject to any applicable aggregate and individual investor quota(s) imposed by the Applicable Requirements and/or other requirements as the Bank may specify from time to time. In other words, the Customer cannot effect cross-boundary fund remittance in RMB if the applicable aggregate or individual investor quota(s) has been exceeded. The Bank does not accept cross-boundary remittance to and from Mainland China for any other purpose.
   
   In addition, the Bank generally transfers funds out of a Customer’s account upon instructions during working hours, subject to the types of transfer and the manner of instructions. The Bank reserves the right to reject the Customer’s instructions for the WMC Northbound Service, as the Bank reasonably considers appropriate. There is no assurance that the Customer’s instruction can be successfully processed in time or be processed at all. If a Customer’s instructions are rejected or not processed in time, the Customer may be subject to liquidity risk.
   
   

   The Customer shall not authorise any third party to operate his WMC Northbound RMB Remittance Account.

4. RMB currency risk
   RMB is subject to foreign exchange control and restrictions imposed by the Mainland Chinese central government. There may be additional rules, regulations and restrictions that are relevant to RMB conversion. The Customer should take reasonable steps to look out for updates and details before giving instructions for RMB conversion.
   
   The exchange rate of RMB may vary from time to time. There is no guarantee that RMB will not depreciate. The exchange rate of RMB traded outside Mainland China (“Offshore RMB”) will be affected by, amongst other things, foreign exchange control imposed by the Mainland Chinese central government from time to time. The Customer will incur currency conversion costs (being the spread between the purchase and sale of Offshore RMB) and be subject to exchange rate fluctuation risks in any such currency conversion.
   
   
5. Foreign exchange risk
   The Customer can only effect cross-boundary fund remittance in RMB under the WMC Northbound Service. The Customer may have to convert other foreign currency into RMB for the WMC Northbound Service. The Customer will be exposed to exchange rate risk.
   
   
6. Disclosure of information
   The Customer agrees and authorises the Bank to collect, use or otherwise process the Customer Information for the purpose of the WMC Northbound Service and/or for compliance with the Applicable Requirements in accordance with the Data Policy Notice.
   
   The Bank may disclose the Customer Information and transfer such information to a place outside Hong Kong for the purpose of the WMC Northbound Service and/or for compliance with the Applicable Requirements in accordance with the Data Policy Notice:
   
   1. to the Cooperating Bank that opened the Customer’s WMC Mainland Investment Account;
   2. to any Authorities to comply with the Applicable Requirements (such as meeting any aggregate and individual investor quota prescribed by the Applicable Requirements); and/or
   3. to other third parties as permitted by, and for such purposes according to, the Bank’s Data Policy Notice.
      
      
7. WMC Northbound Service channel and operational hours
   The Bank has the absolute discretion to determine and vary the service channel and operational hours of the WMC Northbound Service.
   
   
8. Suspension or termination of the WMC Northbound RMB Remittance Account and/or the WMC Northbound Service
   
   The Bank may suspend or terminate the Customer’s use of the WMC Northbound RMB Remittance Account and/or the WMC Northbound Service at any time by giving at least 30 days’ prior written notice to the Customer. The Bank has the right to suspend or terminate the WMC Northbound RMB Remittance Account and/or the WMC Northbound Service at any time immediately without notice to the Customer if:
   
   
   1. the WMC Mainland Investment Account is suspended or terminated;
   2. the Bank reasonably considers that the Customer is in breach, or may be in breach, of the T&Cs, the General T&Cs or any Applicable Requirements;
   3. the provision of the WMC Northbound Service by the Bank becomes or will become illegal or impracticable due to change in the Applicable Requirements;
   4. the Customer places the Bank in a position where the Bank could be acting outside a law, regulation, court order or an agreement with or guidance from any Authority; or
   5. the Bank reasonably believes that if the Bank does not suspend or terminate the Customer’s use of the WMC Northbound Service, the Bank may be subject to action or censure from any Authority.
      
      

To terminate the WMC Northbound Service and/or the WMC Northbound RMB Remittance Account, the Customer is required to take such steps as the Bank may require, including providing the Bank with documentary evidence demonstrating to the Bank’s satisfaction:

10. 1. the disposal, sale or termination of all the Eligible Products purchased under the WMC Northbound Service;
    2. the conversion of funds in the WMC Mainland Investment Account into RMB and remittance of all such funds to the WMC Northbound RMB Remittance Account; and
    3. dismissing the pairing relationship between the WMC Northbound Remittance Account and the WMC Mainland Investment Account.

The termination of the WMC Northbound Service and/or the WMC Northbound RMB Remittance Account will take effect from such date as determined by the Bank. The Customer should ensure that there are no outstanding funds in the WMC Northbound RMB Remittance Account no less than 30 days before the date of termination of the WMC Northbound RMB Remittance Account.

9. Taxation
   The Customer is fully responsible for any taxes in respect of transactions conducted under the WMC Northbound Service and agrees to indemnify the Bank on demand from and against all taxes which the Bank may incur in connection with any Eligible Products which the Customer holds or otherwise deals in. The Bank assumes no responsibility for advising on or handling any tax issues, liabilities and/or obligations in connection with the WMC Northbound Service and will not provide any service or assistance in this regard. The Customer is strongly recommended to obtain independent tax advice on the possible tax consequences before entering into any transaction under the WMC Northbound Service.

Important Notice

Investors are subject to the provisions contained in the Bank's "Data Policy Notice" and "Disclaimer", investors have to familiarise themselves with their terms and conditions as may be revised by the Bank from time to time.

This page is issued by Chong Hing Bank Limited. The contents of this page have not been reviewed by any regulatory authority in Hong Kong. Content of this page is general information and for reference only. It does not constitute an offer, or an invitation to purchase or sell any investment product or service mentioned above.