Cross-Border Services

RISK DISCLOSURE

Investment Service
Investment involves risks. Past performance is not indicative of future performance. Before making an investment decision, customers should refer to the relevant investment product offering documents for detailed information including the risk factors. If customers are in doubt, independent professional advice should be sought.

Securities Service
Investment involves risks. The price of securities fluctuates, sometimes dramatically. The price of securities may move up or down and may become valueless. Losses may be incurred rather than profits made as a result of buying and selling securities. Customers should carefully consider whether the investment products or services mentioned herein are appropriate for them in view of their investment experience, objectives and risk tolerance level, and read the terms and conditions of relevant Securities Services before making any investment decision.

Risks involved with the Southbound Scheme of Cross-boundary Wealth Management Connect
Exchange rate risks
Mainland investors who hold RMB will be exposed to currency risks when they invest in a product dominated in Hong Kong dollars or foreign currencies due to the need for the conversion of RMB into any of such currency. During the conversion, investors will also incur currency conversion costs. Even if the price of the asset dominated in a non-RMB currency remains the same when investors purchase it and when investors redeem / sell it, they will still incur a loss when they convert the redemption / sale proceeds into RMB if such non-RMB currency has depreciated. Exchange rates of RMB are quoted in different markets; the onshore rate is being referred as "CNY" and the offshore rate (i.e. when traded in Hong Kong) is being referred as "CNH". When calculating the value of the RMB class fund or the RMB denominated assets or conducting RMB foreign exchange, CNH will be used. Although CNY and CNH represent the same currency, they do not necessarily have the same exchange rate and may not move in the same direction.

Changes in the exchange rate of non-RMB currencies will affect the profits and debts, etc. of businesses. Such effects will be more significant to companies engaging in exports and having debts denominated in such non-RMB currencies.

Risks under quota management
Under the aggregate and individual investor quota arrangement, once the aggregate quota or individual investor quota is used up, instructions for funds remittances from the Mainland to Hong Kong under the Southbound Scheme may be put on hold.

Regulatory risks
Investor assets received or held on the Mainland are subject to the applicable laws and regulations of the People's Republic of China ("PRC") which may be different from the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) ("SFO") and the rules made thereunder. Investors should familiarize themselves with and observe the applicable laws, rules and regulations of the PRC concerning the Southbound Scheme.

Unless the context requires otherwise, this website does not constitute any offer, invitation or recommendation to any person to enter into any investment/securities transaction nor does it constitute any prediction of likely future movements in prices of any investment products/securities.

This website has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.

Dah Sing Bank, Limited (the "Bank"), registered as a licensed insurance agency (Insurance Intermediary License No: FA3022), is the authorized licensed insurance agency of Sun Life Hong Kong Limited (incorporated in Bermuda with limited liability) ("Sun Life") and Dah Sing Insurance Company Limited ("Dah Sing Insurance") and distributes their insurance products. Dah Sing Insurance is a member of Dah Sing Financial Group.

The life insurance and general insurance products distributed by our Bank are underwritten by Sun Life and Dah Sing Insurance respectively. The relevant life insurance and general insurance products are products of insurance companies but not the Bank. Insurance products are not bank deposits nor bank saving plans with free life insurance coverage. Insurance companies are solely responsible for all coverage and compensation, and reserves the right of final approval of the relevant insurance plan.

The above information is for reference only and does not contain the full terms of the relevant products. It is intended to be published in Hong Kong only. It shall not be construed as an offer, solicitation or recommendation to provide or sell or a solicitation to purchase any insurance plans. You should choose relevant insurance products according to your own or actual needs and your financial affordability. Please read, fully understand and accept the terms and conditions, policy coverage, policy exclusions, premium, key product risks, important notes, policy dividend (if applicable), investment policy (if applicable) etc. stated in the relevant documents and policy contract before applying for any insurance plans. Policyholders are subject to the credit risk of relevant insurance company.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer.

The service(s) / product(s) mentioned herein is / are not targeted at customers in the EU.