Futu Offers “13 Waivers” Promotion, includes $0 margin interest, for green bonds subscription
April 21, 2022 (Hong Kong) – As the city's coronavirus situation continues to stabilize, the Hong Kong government has decided to resume the launch of the inaugural retail green bond offering in next week, with a latest guaranteed return of 2.5%. Futu Securities International (Hong Kong) Limited (“Futu” or the “Company”), a leading tech-driven online brokerage and wealth management platform focusing on global investors, has announced it will offer up to “13 Fee Waivers”[1] for green bonds subscription, includes $0 margin interest and $0 commission in gray market trading, for both existing and new clients to access low-risk investment product and seize new investment opportunity. New clients, who successfully open an account with Futu, will also be entitled to receive over HK$1,300 in welcome rewards.
Futu offers “13 Fee Waivers”[1] promotion with $0 margin interest fee green bond subscribers
Green bond is a governmental measure to promote the development of green finance and support green projects in Hong Kong. Similar with the iBond subscription, its allocation is conducted in accordance with the mechanism set out, with an entry fee of HK$10,000. The subscription period will be started from 9am on April 26 and ended at 2pm on May 6. Subscribing the green bond through Futu, new and existing clients can enjoy “13 Fee Waivers”[1], includes time-limited $0 margin interest and commission-free in gray market trading[2]. New clients can also receive over HK$1,300 welcome rewards, including commission free HK stock trading, 1 free Tencent share and a total HKD900 fund and stock coupons.
Futu's Admiralty office resumes normal operation and service hours from April 25
To provide a seamless service to cater the demand of subscription needs, Futu now resumes the offline services in phrases. New clients can now make an appointment in advance through Futubull to process the offline witness for account opening. New and existing clients can also subscribe the green bond via online or directly at the Admiralty office. The 7*24 online services will continue to serve clients needs.
Mr. Leaf Hua Li, founder of Futu Securities, said: "As the most popular one-stop financial platform, serving millions of Hong Kong citizens, we are committed to expanding our product portfolio and providing our investors with a wide array of diversified products. Regarding to our latest subscription of iBond, which successfully gained 12% of total subscription rate in the market, we believe this inaugural retail green bond issuance by the Hong Kong government will raise the eyebrows of many investors. By rolling out our special offer for the green bond subscription, we wish to offer a low-barriers subscription opportunity for all and adhere to our tenet: make investing easier (accessible), and not alone". Through this opportunity, we also hope to introduce our clients the green finance investment opportunities and promote the concept of sustainable investing."
[1]Fees waived included: Margin interest, subscription fees, handling fee, brokerage fees for grey market transactions, Transfer fee between Central Money markets Units (CMU) and Central Clearing and Settlement System (CCASS) grey market transaction platform fee and grey market settlement instruction fee, custodian fees, transfer-in fees, dividend collection fees, redemption fees at maturity, custody fee, dormant account fees, early redemption fees and commission free for HK stock trading (new client only).
[2]For more details of Interst Reduction Coupon, please visit: https://j.futuhk.com/006vPF , Welcome Offers are subject to relevant terms and conditions. For details, please visit: https://j.futuhk.com/006w1H