Terms of Use

By accessing this website, you confirm you are a resident of the Hong Kong and agree to be bound by these terms of use of this website.

Website for Hong Kong residents only

The information on this website is provided by CITIC Securities Brokerage (HK) Limited (“CSB” or the “Issuer”). The financial products ("Structured Products"), information and materials (collectively "Website Information") contained on this website are only directed at and intended for residents of Hong Kong only. The Website Information is not intended for distribution to, acted upon by or for use by, any person or entity in any jurisdiction or country outside Hong Kong. CSB and its group companies expressly disclaim all and any responsibility if you access this website and are not a resident of Hong Kong.

No solicitation or advice

The Website Information is provided for information purposes only and do not constitute an offer, solicitation, invitation, advice or recommendation to purchase or sale of any Structured Products, or to enter into any transaction, or provide any investment advice or service. Nothing on this website should be construed as investment, tax, legal, accounting, regulatory or other advice.

Risk warning associated with structured products

The Structured Products herein are non-collateralized products. When investors purchase Structured Products, investors are relying on the creditworthiness of the issuer. If the Issuer becomes insolvent or default, investors may not recover part or all of the amount due.

Derivative warrants, inline warrants and Callable bull/bear contracts ("CBBCs") (collectively "Structured Products") involve derivatives and are complex products. The price of the Structured Products may fall in value as rapidly as it may rise and investors may sustain a total or substantial loss of their investment. Investors should exercise caution in relation to them and make your own assessment. Do not invest in them unless you fully understand and are willing to assume the risks associated with them. An investor should read carefully the relevant listing documents (and any documents appendix thereto) and the relevant supplemental listing document to understand the full details of the Structured Products (including risk factors), and due consideration have been given having considered the nature and risks involved in investing in these products, to decide whether the investment is suitable for an investor’s individual circumstances and, if necessary, seek professional advice.

CBBCs have a mandatory call feature and are subject to early termination, upon which (i) investors in category N CBBCs will lose all their investments in CBBCs; and (ii) the residual value of category R CBBCs may be zero. Inline warrants have been newly introduced to the market since July 2019 and there are no similar products currently listed on the Hong Kong Exchanges and Clearing Limited ("HKEX") for comparison. Inline warrants carry exotic features, and their terms and pricing may be more complicated than standard derivative warrants. Maximum potential payoff is fixed and capped. Price movement of the inline warrants may be disproportionate or opposite to the price movement of the underlying asset.

Past performance is not indicative of future performance.

CSB is the issuer and liquidity provider for the Structured Products and may be the only market participant quoting prices on the exchange. Therefore at times the secondary market for the Structured Products may be limited or there may not be any counterparty. CSB and its affiliated companies do not make any representations or warranties as to the liquidity of the Structured Products.

Information on this website

The information on this website may be obtained from public sources by CSB or provided to CSB under licensing or other agreements with securities exchanges, data feed vendors or other third party providers (collectively "Information Vendor"). While the information has been obtained from sources which are believed to be reliable, neither CSB nor the Information Vendor represents or guarantees the accuracy, timeliness, completeness, reliability, suitability or correct sequencing of the information provided or warrant any results from the information. Neither CSB nor any of the Information Vendor shall be liable to you or anyone else for consequential, incidental, special or indirect damages (including, without limitation, lost opportunity, lost profits, trading losses and damages that may result from the inconvenience, delay or loss of use of the information or for omissions or inaccuracies in the information) arising from you or anyone else acting or relying on any information on this website, even if CSB has been advised of the possibility of such damages. In particular, in relation to the market data supplied by HKEX, HKEX will endeavor to ensure the accuracy and reliability of the information it provides but does not guarantee its accuracy or reliability and accepts no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions. You further authorize CSB to provide the Information Vendor with information relating to the services supplied to you to enable CSB to comply with any requirements under the licensing or other agreements with the Information Vendor.

Any prices or levels contained on this website is indicative only and may vary in accordance with the prevailing market conditions. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this market information or the use of this website. Opinions, estimates and other information available on this website may be changed or withdrawn without notice. Any examples given are for the purposes of illustration only.

You shall not re-disseminate the levels of the index(ice) compiled by Hang Seng Indexes Company Limited or any of them as set out in this website to any other person unless you have signed an application for the supply and use of the information in such form as required by Hang Seng Indexes Company Limited from time to time together with the relevant license fee made payable to "Hang Seng Indexes Company Limited" and obtained the prior consent from Hang Seng Indexes Company Limited. Re-dissemination shall mean the dissemination of the information to any other person after any edition, including but not limited to the addition, deletion or change of the layout of the information as supplied by CSB. Breach of the foregoing shall be deemed as a breach of the terms of use of this website and your right of access to this website shall as a result be immediately terminated.

Disclosures

The Issuer is not the ultimate holding company of the group to which the Issuer belongs.

CSB and/or its associates and connected persons and/or its affiliates ("CITIC Group") and/or their respective directors, senior officers and/or employees may have long or short positions or other interests in any securities, including the underlying of the Structured Products, mentioned in the Website Information. CITIC Group companies may take proprietary positions, purchase and/or sell securities as principal, agent or liquidity provider. CITIC Group is or may also be involved in other financial, investment and professional activities which may on occasion give rise to interests or a conflict of interests in respect of the securities or Structured Products which are the subject of this website.

Copyright and trademarks

CSB and other parties own the trademarks, logos and service marks displayed on this website. These may not be used without the written permission of CSB or the party owning these. Materials on this website are protected by copyright. No part of these materials may be modified, reproduced, stored in a retrieval system, transmitted, copied, distributed or used in any other way for commercial or public purposes without CSB’s prior written consent.

Use of software or materials

Materials on this website are protected by copyright. You may only use the data retrieved from the website for your own personal and non-commercial purposes while accessing the website. You may not copy, distribute or redistribute the data, or sell, resell, re-transmit or otherwise make the data retrieved from our website available in any manner to any third party without prior written consent from CSB. Further, communications over the internet and by email are not secure and there is a risk that information may be intercepted, lost or destroyed. The CSB and its group companies do not accept any liability for any such occurrence and do not warrant that any communication or attachments or this website will be free from viruses, worms or other harmful components.

Hyperlinks

This website may contain links to other web sites operated by entities which do not belong to CSB. Such links, addresses or hyperlinks are provided solely for your convenience and information. Inclusion of a link to a third party site should not be construed as an endorsement of such third party site by CSB or that party's endorsement of this website.

CSB has not reviewed any of the websites linked with or connected to this website, or which provide links to this website, and does not accept any liability for their contents and hereby disclaims liability (in negligence or otherwise) for any loss howsoever arising from any use of the information, products or services posted or offered at any of the websites linked to this website. You are advised to make your own enquiries in relation to third parties described or linked on this website.

Without prejudice to the generality of the foregoing, we will not be liable to anyone for any interruption, inaccuracy, error or omission, regardless of cause, in the information on the third party websites or for any kind of damages arising in connection therewith.

Amendments and termination

CSB reserves the right to change the website in whole or in part at any time and to interrupt, restrict or terminate its service. CSB also reserves the right to revise these terms or introduce additional terms and conditions from time to time. No other form of notification will be delivered to you.

Severability

If any provision hereunder (or a part thereof) is or becomes illegal, invalid or unenforceable in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions shall not in any way be impaired or affected.

Language

The English version of these terms shall prevail over the Chinese version to the extent of any inconsistency.

Governing law and jurisdiction

These terms shall be governed by and construed in accordance with the laws of Hong Kong.

By accessing this website, you agree to submit to the exclusive jurisdiction of the courts of Hong Kong in respect of any matters or disputes arising under this website.