Overseas Securities
Market Introduction

US stock market includes 2 major stock exchange, New York Stock Exchange (NYSE) and Nasdaq exchange. NYSE is the world’s largest and most liquidity stock market. In 2003, it ranked No.1 in IPO globally. Stocks listed on NYSE include 90% of the Dow Jones Industrial Average and 78% of the S&P 500. Stocks listed on Nasdaq, mainly technology companies.
Trading channel
Provide the following channels to trade US stock

  1. etrade platform
  2. PC download version
  3. Mobile apps (Android/iOS)
  4. Nighttime Trading Hotline (852) 2826-0066
Remarks
  1. To trade US stock, clients should have securities account in Core Pacific- Yamaichi International and signed W-8BEN form. We do not accept US citizens/ permanent residents and Canadian residents to open account or trade.
  2. W8BEN form is subject to renewal every 3 years. If the Form is not renewed after expiry, trading of US stock will be suspended.
  3. All stocks listed on NASDAQ, NYSE and NYSEMKT, and certain stocks from the OTC market (please see Risk disclosure paragraph 2 below) are available for US stock online trading.
  4. Only limit orders are accepted.
  5. Clients could give new orders and cancel orders; order update is not available.
  6. Orders are valid on the same day only. All outstanding orders will be cancelled after market close.
  7. There is no restriction on lot size for the US stocks; generally, minimum trading unit of US Stock is 1 share.
  8. Settlement date will be on the two business day after the transaction day, i.e. US time T+2 (HK Time T+3).
    *Effective from 5th September 2017
  9. US stock has ADR custodian fee and dividend tax, please refer to overseas stock market charges for details.
  10. Short-selling is not available.
  11. Delivery Versus Payment is not available for US stock trading.
  12. If trading is not pass through the same channel or same side, commission will be calculated separately. Order executed or partially filled trade, commission will also be calculated separately. Order combination is not applicable.
  13. If clients do not have sufficient USD balance, using other currency equivalent purchasing power is allowed to trade US stock. However, clients still have to exchange/deposit USD for settlement before the settlement date, otherwise P+6% (Cash Account) / P+3% (Margin Account) will be charged overdue interest.
  14. Please be noted that, CPY will only accept withdrawal request from client on the third business day of the transaction day for US stock selling transaction (i.e. T+3).
    *Effective from 5th September 2017
  15. Counter Broker will provide the US stock update information to us. If there is any change in share capital (e.g. share convert), online trading service for the effected stock will be temporary suspend upon notification by our counter Broker. For inquiries regarding US Stocks Trading, please contact our nighttime trading hotline at (852) 2826 0066.

For inquiries regarding US Stocks Trading, please contact our nighttime trading hotline at (852) 2826 0066.

Trading Hour and Holiday
During US Summer time: Hong Kong Time 21:30 – 04:00 (orders will be accepted from HK Time 17:30)
During US Winter time: Hong Kong Time 22:30 – 05:00 (order s will be accepted from HK Time 18:30)

Pre/post-market trading sessions are not available.

Trading of the U.S. stocks will close for a whole day on the following public holidays in the U.S.:(details of arrangements for stock market, please refer to the Exchange website)
Holiday Date: 2018 Date: 2019
New Year's Day 2 Jan 1 Jan
Martin Luther King, Jr. Day 15 Jan 21 Jan
Washington's Birthday 19 Feb 18 Feb
Good Friday 30 Mar 19 Apr
Memorial Day 28 May 27 May
Independence Day 4 Jul 4 Jul
Labor Day 3 Sep 2 Sep
Columbus Day 8 Oct 14 Oct
Thanks giving Day 22 Nov 28 Nov
Christmas 25 Dec 25 Dec
Related Link
Trading hotline
Night Trading Hotline: (852) 2826 0066
Risk disclosure
  1. The tax regime of the United States (“US”) governs every individual who holds any US-based securities (inclusive of marketable securities, mutual funds, bonds and so forth) in his/her own name, regardless of whether the individual is a US citizen or a US permanent resident. All investors holding US securities of any kind are required to pay withholding tax on any dividends received. You should be aware of your tax obligations when investing in overseas markets and seek professional tax advice where appropriate. For details, please refer to the following page:
    http://www.hkiec.hk/web/en/tools-and-resources/e-newsletters/jul2014/us_foreign.html
  2. OTC trading in US is conducted by market makers using inter-dealer quotation services. OTC markets generally fail to meet the exchange requirement. Price quotations obtained from inter-dealer quotation services are for reference only. Investors should pay extra attention to the liquidity risk involved as the stocks tend to be traded infrequently. For more details, please visit http://www.otcbb.com and http://www.pinksheets.com/pink/index.jsp
  3. Since the minimum trading unit of US stock is 1 share, clients should beware that trading commission might be higher than the transaction amount.
  4. 4. Upon execution of orders, client must pay the relevant commissions and fees. The commission rates and fee levels may vary from time to time upon notice through our website at(http://www.cpy.com.hk/us/)or other means. In particular, there will be a special commission/handling fee for trading of penny stocks (i.e. stock value less than US$0.10) and American Depository Receipts (ADR).
Market Introduction

Taiwan Stock Exchange is the only stock exchange in Taiwan, it was established in 1962. The weighted average index is compiled by the Taiwan Stock Exchange, it tracks the performance of the market value of the market-weighted index on Taiwan Stock Exchange.
Trading Channel
Provide the following channels to trade Taiwan stock

  1. Etrade platform
  2. Please contact your AE or Customer Service Department at (852) 2166 3888
Remarks
  1. To trade Taiwan stock, clients should have securities account in Core Pacific- Yamaichi International, signed “Client’s Declaration – Application for Oversea Stock Trading Access Right (Individual/Corporate Account)” and apply Single Day Trading Limit.
  2. Each board lot is 1,000 shares, below 1,000 shares regards as odd lot. Odd lot shares allow sell only. Presently, CPYI does not handle odd lots on-line. However, if you wish to sell odd lots, please contact your AE or Customer Service Department.
  3. Trade are settled in Taiwan Dollar (NTD).
  4. Trading through our Mobile Apps and PC version are not supported.
  5. Only limit orders are accepted.
  6. Orders are valid on the same day only. All outstanding orders will be cancelled after market close.
  7. Clients could place new orders and cancel orders; order update is not available.
  8. Taiwan Stock settlement date will be on the second business day after the transaction day, i.e. T+2.
  9. Some of the Taiwan stock cannot trade intra-day. (i.e. If buy on T day, the earliest to sell is T+1)
  10. Short selling is not accepted.
  11. Daily price fluctuations in Taiwan Stocks are limited to within 10% of the auction reference price at market opening for the given day. For details, please refer the Rules of the Taiwan Stock Exchange.
  12. Margin financing is not available for online trading.
  13. No physical deposit or withdrawal for Taiwan Stock.
  14. Do not accept NTD deposit. Using other currency equivalent purchasing power is allowed to trade Taiwan stock. However, clients must exchange NTD for settlement on the trading day, otherwise we might use our in-house exchange rate to convert the amount for settlement arrangement. If the account do not have sufficient NTD for settlement, P+6% (Cash Account) / P+3% (Margin Account) will be charged for overdue interest.
  15. If the client does not give any currency exchange instructions on the trading day before 3:00p.m., The Company might convert the amount into NTD on the trading day according to our in-house exchange rate on the same day.
  16. If holding Taiwan stock is classified as Disposition Securities, such securities will be matched every 5 minutes manually (or longer time). Therefore clients should read Exchange circular, or access below link for details. http://www.twse.com.tw/en/page/announcement/punish.html
Trading Hour and Holiday
Monday to Friday:
TWSE & GTSM Listed Stocks Trading Hour: 09:00 – 13:30
Gre Tai Trading Hour: 09:00 – 15:00 (accept order by Phone only)
Odd lot Trading Hour:13:40 – 14:30 (Sell only) (accept order by Phone only)
After-hour Fixed Price Trading Hour: 14:00 – 14:30 (accept order by Phone only)
The following is the 2018 and 2019 Taiwan Public Holiday Schedule
Holiday Date: 2018 Date: 2019
New Year 1 Jan 1 Jan
Lunar New Year 15 – 20 Feb 4 – 7 Feb
Peace Memorial Day 28 Feb 28 Feb
Children's Day 4 Apr 4 Apr
Tomb-sweeping Day 5 Apr 5 Apr
Labor Day 1 May 1 May
Dragon Boat Festival 18 Jun 7 Jun
Mid-autumn Festival 24 Sep 13 Sep
National Day 10 Oct 10 Oct
Related Link
Market Introduction
The Shanghai Stock Exchange (SSE), is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other is the Shenzhen Stock Exchange. Shanghai Stock Exchange is the world's 3rd largest stock market by market capitalization at US$5.5 trillion as of May 2015.
Remarks
  1. In addition to the normal commission rates, please refer to the fee schedule of the Overseas Securities Charges.
  2. Lot size of Shanghai B shares is set to 100 shares each and are settled in US dollars.
  3. Settlement date will be on the third business day after the transaction day, i.e.. HK stock settlement date is T+2, which is different from Shanghai B shares.
  4. Trading hours are from 9:30 a.m. to 3:00 p.m. (Monday to Friday).
    Morning Session: 09:30 – 11:30 (HKT)
    Afternoon Session: 13:00 – 15:00 (HKT)
  5. Stocks purchased cannot be sold on the same trade day, for instance: Shanghai B shares bought on day T can only be sold the earliest on day T+1
  6. Price fluctuation have a limit of 10% up/down of the previous closing price. 5% up/down of the previous closing price for stocks under special treatment (i.e. ST and *ST stocks)
  7. Margin financing is not available.
  8. Short-selling is not available.
  9. No physical deposit or withdrawal for Shanghai B shares.
  10. If clients do not have sufficient USD balance, it is allowed to use equivalent value of other currency as purchasing power to conduct trading. However, clients still have to exchange/deposit USD for settlement before the settlement date, otherwise overdue interest will be charged.
Trading Hour and Holiday
Trading hours are from 9:30 a.m. to 3:00 p.m. (Monday to Friday).
Morning Session: 09:30 – 11:30 (HKT)
Afternoon Session: 13:00 – 15:00 (HKT)

The following is the 2018 & 2019 list of public holidays in China, which are for reference only. Regarding holiday arrangement, the Shanghai Stock Exchange notice shall prevail.
Public Holiday Date: 2018 Date: 2019
New Year's Day 1 Jan 1 Jan
Lunar New Year 15-21 Feb 4-10 Feb
Ching Ming Festival 5-7 Apr 5 Apr
Labour Day 29 Apr-1 May 30 Apr-1 May
Tuen Ng Festival 18 Jun 7 Jun
Mid-autumn Festival 24 Sep 13 Sep
National Day 1-7 Oct 1-7 Oct
Related Link
Market Introduction
The Shenzhen Stock Exchange (SZSE) is one of China's three stock exchanges, alongside the Shanghai Stock Exchange and Hong Kong Stock Exchange. It is based in Shenzhen, Guangdong. The market capitalization of its listed companies was about US$2.2 trillion in 2015.
Remarks
  1. In addition to the normal commission rates, please refer to the fee schedule of the Overseas Securities Charges.
  2. Lot size of Shenzhen B shares is set to 100 shares each and are settled in HK dollars.
  3. Settlement date will be on the third business day after the transaction day, i.e. HK stock settlement date is T+2, which is different from Shenzhen B shares.
  4. Trading hours are from 9:30 a.m. to 3:00 p.m. (Monday to Friday).
    Morning Session: 09:30 – 11:30 (HKT)
    Afternoon Session: 13:00 – 15:00 (HKT)
  5. Stocks purchased cannot be sold on the same trade day, for instance: B shares bought on day T can only be sold the earliest on day T+1
  6. Price fluctuation have a limit of 10% up/down of the previous closing price. 5% up/down of the previous closing price for stocks under special treatment (i.e. ST and *ST stocks)
  7. Margin financing is not available.
  8. Short-selling is not available.
  9. No physical deposit or withdrawal for Shenzhen B shares.
  10. If clients do not have sufficient HKD balance, it is allowed to use equivalent value of other currency as purchasing power to conduct trading. However, clients still have to exchange/deposit HKD for settlement before the settlement date, otherwise overdue interest will be charged.
Trading Hour and Holiday
Trading hours are from 9:30 a.m. to 3:00 p.m. (Monday to Friday).
Morning Session: 09:30 – 11:30 (HKT)
Afternoon Session: 13:00 – 15:00 (HKT)

The following is the 2018 & 2019 list of public holidays in China, which are for reference only. Regarding holiday arrangement, the Shenzhen Stock Exchange notice shall prevail.
Public Holiday Date: 2018 Date: 2019
New Year's Day 1 Jan 1 Jan
Lunar New Year 15-21 Feb 4-10 Feb
Ching Ming Festival 5-7 Apr 5 Apr
Labour Day 29 Apr-1 May 30 Apr-1 May
Tuen Ng Festival 18 Jun 7 Jun
Mid-autumn Festival 24 Sep 13 Sep
National Day 1-7 Oct 1-7 Oct
Related Link
Market Introduction
Japan Exchange Group, Inc. (JPX) was established via the business combination between Tokyo Stock Exchange Group and Osaka Securities Exchange on January 1, 2013.
It is the world's third largest bourse (behind NYSE Euronext and NASDAQ OMX Group) and Asia's largest bourse
Remarks
  1. In addition to the normal commission rates, please refer to the fee schedule of the Overseas Securities Charges.
  2. The quantity of shares per lot may vary by different stocks.
  3. Settlement date will be on the 2nd business day after the transaction day.
  4. The settlement of Japanese shares are according to settlement currency of the individual shares, mainly settled in Yen dollar.
  5. Trading hours are from 8:00 a.m. to 2:00 p.m. (Monday to Friday).
    Morning Session: 08:00 – 10:30 (HKT) / 9:00-11:30 (JPT)
    Afternoon Session: 11:30 – 14:00 (HKT)/ 12:30-15:00 (JPT)
  6. Margin financing is not available
  7. Short selling is not available.
  8. No physical deposit or withdrawal for Japanese Stock
  9. If clients do not have sufficient JPY balance, it is allowed to use equivalent value of other currency as purchasing power to conduct trading. However, clients still have to exchange/deposit JPY for settlement before the settlement date, otherwise overdue interest will be charged.
Trading Hour and Holiday
Trading hours are from 8:00 a.m. to 2:00 p.m. (Monday to Friday).
Morning session: 08:00 – 10:30 (HKT) / 9:00-11:30 (JPT)
Afternoon session: 11:30 – 14:00 (HKT)/ 12:30-15:00 (JPT)

The following is the 2018 & 2019 list of public holidays in Japan, which are for reference only. Regarding holiday arrangement, the Japan exchange notice shall prevail.
Holiday Date: 2018 Date: 2019
New Year's Day 1 Jan 1 Jan
Bank Holiday 2-3 Jan 2-3 Jan
Coming of Age Day 8 Jan 14 Jan
National Foundation Day 12 Feb 11 Feb
Vemal Equinox Day 21 Mar 21 Mar
Showa Day 30 Apr 29 Apr
Constiution Memorial Day 3 May 3 May
Greenery Day 4 May 4 May
Children's Day 5 May 6 May
Marine Day 16 Jul 15 Jul
Mountain Day 11 Aug 12 Aug
Respect for the Aged Day 17 Sep 16 Sep
Autumnal Equinox 24 Sep 23 Sep
Health and Sports Day 8 Oct 14 Oct
Culture Day 3 Nov 4 Nov
Labor Thanksgiving Day 23 Nov 23 Nov
Emperor's Birthday 24 Dec 23 Dec
Related Link
Market Introduction
Singapore Stock Exchange, SGX, is one of the major financial centers in Asia, the third largest exchange in Asia (behind Japan Exchange Group, Inc. and Hong Kong Exchange and Clearing Limited.).
On December 1, 1999, the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX) merged to form the current Singapore exchange (SGX).
Remarks
  1. In addition to the normal commission rates, there are also Clearing fee. Please refer to the fee schedule of the Overseas Securities Charges.
  2. The quantity of shares per lot may vary by different stocks., but most of the stocks have board lots of 1,000 shares.
  3. Settlement date will be on the third business day after the transaction day, i.e..
    HK stock settlement date is T+2, which is different from Singapore Stock.
  4. The settlement of Singapore shares are according to settlement currency of the individual shares, mainly settled in Singapore dollar and US dollar.
  5. Trading hours are from 9:00 am to 5:00 pm ( Monday to Friday ),which are continuous transactions period.
  6. Margin financing is not available
  7. Short-selling is not available.
  8. No physical deposit or withdrawal for Singapore Stock
  9. If clients do not have sufficient SGD/USD balance, it is allowed to use equivalent value of other currency as purchasing power to conduct trading. However, clients still have to exchange/deposit SGD/USD for settlement before the settlement date, otherwise overdue interest will be charged.
Trading Hour and Holiday
Trading Hour: 09:00 – 17:00 (Monday to Friday).

The following is the 2018 & 2019 list of public holidays in Singapore, which are for reference only. Regarding holiday arrangement, the Singapore Exchange notice shall prevail.
Holiday Date: 2018 Date: 2019
New Year's Day 1 Jan 1 Jan
Chinese New Year 16-17 Feb 5-6 Feb
Good Friday 30 Mar 19 Apr
Labour Day 1 May 1 May
Vesak Poya Day 29 May 19 May
Hari Raya Puasa 15 Jun 5 Jun
National Day 9 Aug 9 Aug
Hari Raya Haji 22 Aug 11 Aug
Deepavali 6 Nov 27 Oct
Christmas Day 25 Dec 25 Dec
Related Link
Market Introduction
The Bangkok Stock Exchange was established in 1962. In 1991 Thailand government changed bourse name to The Stock Exchange of Thailand.
Remarks
  1. Only Cash Account is allowed to trade Thailand Stock, Margin Account is not accepted.
  2. In addition to the normal commission rates, please refer to the fee schedule of the Overseas Securities Charges.
  3. The quantity of shares per lot may vary by different stocks.
  4. Settlement date will be on the 2nd business day after the transaction day.
  5. The settlement of Thailand shares are according to settlement currency of the individual shares mainly settled in Thai Baht or US dollar.
  6. Trading hours are from 10:30 a.m. to 5:30 p.m. (Monday to Friday).
    Morning Session: 10:30 – 13:30 (HKT)
    Afternoon Session: 15:00 – 17:30 (HKT)
  7. Margin financing is not available
  8. Short selling is not available.
  9. No physical deposit or withdrawal for Thailand Stock
  10. If clients do not have sufficient Thai Bath/USD balance, it is allowed to use equivalent value of other currency as purchasing power to conduct trading. However, clients still have to exchange/deposit Thai Bath/USD for settlement before the settlement date, otherwise overdue interest will be charged.
Trading Hour and Holiday
Trading hours are from 10:30 a.m. to 5:30 p.m. (Monday to Friday).
Morning session: 10:30 - 13:30 (HKT)
Afternoon session: 15:00 - 17:30 (HKT)

The following is the 2018 & 2019 list of public holidays in Thailand, which are for reference only. Regarding holiday arrangement, the Stock Exchange of Thailand notice shall prevail.
Holiday Date: 2018 Date: 2019
New Year's Day 1-2 Jan 1 Jan
Makha Bucha Day 1 Mar 19 Feb
Chakri Memorial Day 6 Apr 8 Apr
Songkran Festival 13-16 Apr 15-16 Apr
Labor Day 1 May 1 May
Wisaha Bucha Day 29 May 20 May
Asarnha Bucha Day 27 Jul 16 Jul
The King's Birthday 28-30 Jul 29 Jul
The Queen's Birthday 12-13 Aug 12 Aug
The King's Memorial Day 13-15 Oct 14 Oct
Chulalongkorn Memorial Day 23 Oct 23 Oct
The King's Birthday 5 Dec 5 Dec
Constitution Day 10 Dec 10 Dec
New Year's Eve 31 Dec 31 Dec
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