南匯

China Southern Securities Limited
WikiStock Rating	⭐⭐⭐
Account Minimum	Not Mentioned
Fees	Commission for telephone trading and online trading: 0.25%
Account Fees	HK$10,000 for clients who don't have a qualified witness for their personal account
Interests on Uninvested Cash	Not Mentioned
Margin Interest Rates	Not Mentioned
Mutual Funds Offered	Not Mentioned
App/Platform	China Southern Securities Limited CSSL
Promotions	Not Mentioned

　　What is China Southern Securities Limited？

　　China Southern Securities Limited, also known as Southern Huifa Securities Co., Ltd. (Nanfang Huifa), is a financial institution operating in Hong Kong. Approved by the Hong Kong Stock Exchange, it offers securities trading and advisory services to individual and institutional customers. They offer online trading for securities listed on the Hong Kong Stock Exchange and are expanding their services to include securities custody, stock placement, and initial public offerings.

Pros & Cons

• 　　Regulatory oversight: China Southern Securities Limited operates under the regulatory oversight of the China Hong Kong Securities and Futures Commission. This regulatory authority ensures compliance with laws and regulations, protecting investors and maintaining market integrity.

• 　　Transparent fee structures: China Southern Securities Limited emphasizes transparency in its fee structures, providing clients with clear information on charges. This transparency allows clients to make informed decisions and manage their investment costs effectively.

• 　　Comprehensive Customer Support: The firm offers comprehensive customer support to assist clients with their inquiries and concerns. Clients can reach out to China Southern Securities Limited through telephone and fax, allowing for direct communication and assistance.

Cons

• 　　Limited Range of Securities Offerings: Based on the available information, China Southern Securities Limited seems to primarily focus on stocks listed on the Hong Kong Stock Exchange. This means that clients may have limited options for trading securities beyond stocks.

• 　　Lack of Information on Additional Services: There is no information available regarding additional services such as research or advisory support offered by China Southern Securities Limited. This lack of detail may make it challenging for clients to assess the full extent of services provided.

Is China Southern Securities Limited Safe？

• 　　Regulatory Sight: China Southern Securities Limited operates under the regulatory oversight of the China Hong Kong Securities and Futures Commission in Hong Kong (No.BJF033), holding a valid security trading license. This regulatory authority ensures that financial institutions comply with relevant laws and regulations to protect investors and maintain market integrity.

• 　　User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• 　　Security Measures: So far we haven't found any information about the security measures for this broker.

What are Securities to Trade with China Southern Securities Limited？

　　China Southern Securities Limited primarily focuses on providing trading services for stocks listed on the Hong Kong Stock Exchange. This includes stocks listed on both the main board and the Growth Enterprise Market (GEM).

China Southern Securities Limited Accounts

　　China Southern Securities Limited offers three types of accounts: Personal Account, Joint Account, and Corporate Account. Each account type has specific requirements for documentation and verification.

• 　　Personal Account: To open a Personal Account, applicants need to provide a copy of their Hong Kong permanent identity card or passport as proof of identification. Additionally, proof of address is required, which can be in the form of water or electricity bills, rates, or bank statements with the customer's name, dated within the last three months.

• 　　Joint Account: For a Joint Account, the same documentation requirements as the Personal Account apply. All account holders must submit copies of their Hong Kong permanent identity cards or passports, along with proof of address.

• 　　Corporate Account: Opening a Corporate Account involves more extensive documentation. The required documents include the Certificate of Incorporation, Business Registration Certificate, a board resolution confirming the decision to open the account and authorizing the company's directors or designated individuals to manage the account, Memorandum and Articles of Association, photocopies of Hong Kong identity cards or passports of all company directors and authorized persons, the company's most recent audited financial statements and annual return, and the Certificate of Incumbency for overseas registered companies.

　　If a qualified witness is present during the account opening process, the Trading Account Application Form must be signed in their presence. A qualified witness can be an employee of China Southern Securities Limited or any other registered person or associate, or a Justice of the Peace, bank branch manager, lawyer, certified public accountant, or notary public (for non-Hong Kong permanent residents).

　　If a qualified witness is not available for a personal account, applicants can alternatively submit a personal cheque of at least HK$10,000 payable to “Southern Huifa Securities Co., Ltd.” issued by their licensed bank account in Hong Kong. The cheque must bear the applicant's name as shown on their identity document or passport, and the signature on the cheque should match the one on the trading account application form.

China Southern Securities Limited Fees Review

　　China Southern Securities Limited offers a clear and transparent fee structure which outlines the fees and charges associated with securities trading and other services offered by China Southern Securities Limited. It is important for traders to carefully review and understand these fees before engaging in any transactions.

• 　　Securities Trading (Local Stocks/Stock Certificates):

　　Brokerage commission for telephone trading and online trading: 0.25% (negotiable)

　　Stamp duty: 0.1% of the transaction amount, with a minimum of $1.00

　　Securities and Futures Commission transaction levy: 0.0027% of the transaction amount

　　HKEx transaction fee: 0.00565% of the transaction amount

　　Financial Reporting Council Transaction Levy: 0.00015% of the transaction amount

　　Investor compensation levy: 0.002% of the transaction amount (charge suspended)

　　CCASS settlement fee: 0.005% of the transaction amount, with a minimum fee of $3.00 and a maximum fee of HKD 3,000

　　Stock registration and name transfer: $5.00 per transfer form (for sellers and newly listed stock depositors)

• 　　Stock Withdrawals (Local Stocks/Stock Certificates):

　　Depositing physical shares: Exempt from fees

　　Withdrawal of physical stocks: $3.50 per lot, including odd lots

　　Delivery instructions: SI Deposit of Shares (exempt), SI stock withdrawal ($300.00 per stock)

• 　　Registration and Transfer Fees:

　　$1.5 per lot via CCASS (less than one lot is also counted as one lot)

　　Dividend collection: $50.00, plus administrative fee and transfer fee

　　Collecting dividends: $50.00, plus administrative fees and transfer fees

　　Chasing dividends or bonuses: $300.00 per application, plus 2% of the total amount and clearing house charges (minimum charge $330.00)

　　Action fee for listed companies: $1.5 per lot of stock, plus stamp duty (including rights fees, exercise of warrants, acquisitions, etc.)

　　Collection fee: 0.2% of the collection fee amount, with a minimum fee of $20.00

• 　　Other Services:

　　New share subscription fee for EIPO/securities placement: $100.00 per application (negotiable)

　　Banking services: Refunded checks ($200.00 each), wire transfers ($200.00 per application, plus receiving bank's fee)

　　Issuance of a certification letter: Cost depends on the request content

　　Compilation and printing of records: Free for the last three months, $50.00 per month for more than three months

　　Mailed statement service: $100.00 per month

　　It is worth noting that some fees, such as the brokerage commission and new share subscription fee, are negotiable, which may provide traders with an opportunity to discuss and potentially lower the costs associated with their transactions.

　　Additionally, traders should pay attention to the minimum and maximum fee amounts specified for certain charges, such as the CCASS settlement fee.

China Southern Securities Limited App Review

　　China Southern Securities Limited provides a trading app that is accessible on iPhones. The app enables users to engage in securities trading conveniently through their mobile devices. Traders can access real-time market information, place buy and sell orders, monitor their portfolios, and execute trades on the go.

Customer Service

　　China Southern Securities Limited offers comprehensive customer support to its clients. Clients can reach out to China Southern Securities Limited through various channels.

• 　　Telephone: Clients can call their number (852) 25613008 for any queries.

• 　　Fax: The firm offers assistance through fax at(852) 25613228.

　　The company also provides its physical address, Room A, 9/F, China Southern Commercial Centre, 414-424 Jaffe Road, Wan Chai, Hong Kong.

Conclusion

　　In conclusion, China Southern Securities Limited is a brokerage firm that primarily focuses on providing trading services for stocks listed on the Hong Kong Stock Exchange. With an established presence in Hong Kong, the company offers comprehensive customer support through telephone and fax channels, as well as a physical address for in-person interaction and document submission via fax. This can be advantageous for clients looking to trade Hong Kong stocks and who prefer traditional communication methods.

　　However, the firm's offerings seem to be limited to stocks listed on the Hong Kong Stock Exchange, with no information available on additional services such as research or advisory support. The lack of alternative contact channels, such as email or online chat, may also be a limitation for clients seeking more convenient and accessible customer support.

　　Overall, China Southern Securities Limited may appeal to individuals seeking to trade Hong Kong stocks with the support of a brokerage firm based in the region. However, clients looking for a broader range of securities or more extensive support services may need to explore other options.

FAQs

　　Is China Southern Securities Limited regulated？

　　Yes. China Southern Securities Limited operates under the regulatory oversight of the China Hong Kong Securities and Futures Commission in Hong Kong.

　　What types of trading accounts does China Southern Securities Limited offer？

　　China Southern Securities Limited offers Personal Account, Joint Account, and Corporate Account.

　　Can I trade stocks listed on other international exchanges with China Southern Securities Limited？

　　China Southern Securities Limited primarily focuses on providing trading services for stocks listed on the Hong Kong Stock Exchange. It is recommended to inquire with the firm directly regarding the availability of trading international stocks.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.