What is the financing interest rate under cross-market trading?
Individual Account Interest Rate Standards
HK Stock Margin Account Fees:
|
Fee Type |
Fee Details |
Charged By |
|
Standard (not applicable to IPO loans) |
Individual account annual rate 7.63%, interest begins accruing on the day securities settlement is completed (HK stocks settle T+2). Interest is calculated daily and deducted monthly |
uSMART Securities |
|
PRO Customer Exclusive* (not applicable to IPO loans) |
Individual account annual rate 6.63%, interest begins accruing on the day securities settlement is completed (HK stocks settle T+2). Interest is calculated daily and deducted monthly |
uSMART Securities |
Notes:
- PRO Account Financing Rate Eligibility
- Applicable only to PRO account customers who are subject to the “Standard – Financing Account Borrowing Fee” and who maintain PRO account status throughout the entire relevant calendar month (e.g. from March 1 to March 31). Changes in PRO account tier or transfers between designated commission plans will not affect the calculation.
Customers must also complete at least 2 HK stock, US stock, or A-Share securities transactions in the relevant month (fund subscriptions/redemptions, IPO subscriptions, wealth management product transactions, currency exchange, account transfers, and other non-securities transactions do not count).
- Customers must meet both of the above conditions simultaneously to enjoy the "PRO Customer Exclusive" borrowing fee discount.
- HK stock financing interest is handled on a "charge first, refund later" basis — interest is first deducted at the annual rate of 7.63%. For customers meeting the above conditions, the overcharged discount difference is expected to be refunded to their trading account by or before the 15th business day of the following month; the actual refund timing is subject to the company's processing arrangements.
- This discount applies only to HKD financing interest calculated at the HKD HK-stock financing rate for buying HK stocks with HKD financing; it does not apply to IPO loans, borrowings in other markets or currencies, overdue liability interest, handling fees, platform fees, trading levies, stamp duty, third-party fees, or any other charges.
- Charges take effect from 1 May 2026 until further notice.
Other fees and charges are the same as those applicable to Securities Trading Accounts (i.e. Cash Accounts).
The Company reserves the right to adjust the interest charges on account outstanding balances, promotional arrangements, calculation methods, and related terms and conditions from time to time. No separate notice will be provided in the event of any changes.
The Company reserves the right to determine whether a customer is eligible for the preferential financing rate based on the customer's individual credit, trading and holding records, account status, and/or risk assessment.
In the event of any dispute, the Company reserves the right of final decision.
US Stock Margin Account margin Fees:
|
Fee Type |
Fee Details |
Charged By |
|
Margin Account Borrowing Fee |
Annual rate 6.63%, interest begins accruing on the day securities settlement is completed (US stocks settle T+1). Interest is calculated daily and deducted monthly |
uSMART Securities |
Other fees and charges are the same as those applicable to Securities Trading Accounts (i.e. Cash Accounts).
The Company reserves the right to adjust the interest charges on outstanding account balances from time to time. No separate notice will be provided in the event of any changes.
Eligibility for preferential financing rates is determined based on each customer's past credit, trading and/or holding records.
A-Share Margin Account margin Fees (calculated in RMB)：
|
Fee Type |
Fee Details |
Charged By |
|
Margin Account Borrowing Fee |
Annual rate 7.98%, interest begins accruing on the day securities settlement is completed (A-Shares settle T+1). Interest is calculated daily and deducted monthly |
uSMART Securities |
Other fees and charges are the same as those applicable to Securities Trading Accounts (i.e. Cash Accounts).
The Company reserves the right to adjust the interest charges on outstanding account balances from time to time. No separate notice will be provided in the event of any changes.
Eligibility for preferential financing rates is determined based on each customer's past credit, trading and/or holding records.
Institutional Account Interest Rate Standards：
The current annualized interest rate for borrowing HKD funds for trading at uSMART Securities is 7.63%, for borrowing USD funds is 6.63%, and for borrowing offshore RMB funds is 7.98%. Interest is calculated daily and settled/deducted monthly. The company reserves the right to adjust financing rates according to market conditions.
- The above rates are for reference only. Please refer to the fee page on the uSMART Securities official website and the latest announcements within the APP for the specific applicable fee standards. The company reserves the right to adjust interest rates, discount arrangements, and related terms from time to time without prior notice.
