CJS

CJS, a financial services company founded in 1997 in Hong Kong, offers a comprehensive suite of market instruments including brokerage, futures, US trading, asset management, and investment banking.

Adhering to SFC regulations, it requires a minimal deposit of 100 HKD and caters predominantly to individual accounts in Hong Kong. CJS distinguishes itself with competitive commission rates for various securities markets, ranging from Hong Kong shares to international ones like the US, UK, and Asian markets.

Additionally, it provides a user-friendly trading platform accessible on PC and mobile devices, along with a demo account for practice trading.

Pros and Cons

Is CJS Legit?

CJS operates under the regulatory oversight of the Securities and Futures Commission (SFC) of Hong Kong. The first license, bearing the number AYK752, is specific to Changjiang Futures (HK) Limited. This license, effective from February 13, 2012, authorizes the company to deal in futures contracts. The license type is classified as “No Sharing”.

The second license, numbered AXY608, is granted to Changjiang Securities Brokerage (HK) Limited, coming into effect on December 13, 2011. This license also covers dealing in futures contracts, affirming the company's regulatory compliance in Hong Kong's financial market.

Products and Services

Brokerage Services: Providing clients with the ability to buy and sell securities.

Futures Trading: Offering opportunities to trade in futures contracts.

US Trading: Facilitating the buying and selling of US-based securities.

Asset Management: Managing investments on behalf of clients to meet specified investment goals.

Investment Banking: Providing a range of financial services including underwriting, advisory, mergers and acquisitions.

Fund Subscription: Enabling clients to invest in a variety of funds.

Account Type

offer the following individual, joint, company, partnership, and sole proprietorship accounts: Cash Securities Account, Margin Securities Account, and U.S. & Global Securities Accounts.

CJS Fees

Securities Fees

HK Shares

• Commission: 0.20% (Min HKD 100)
• Transaction Levy and Transaction Fee: 0.0027% of transaction amount/0.00565% of transaction amount
• Stamp Duty: 0.10% of transaction amount (rounded up to the nearest USD 1)
• CCASS Share Settlement Fee: 0.002% of transaction amount (Min: HKD 2 / Max: HKD 100)
• FRC Transaction Levy: 0.00015% of transaction amount (Min: HKD 0.01)

China Connect – Shenzhen & Shanghai A Shares

• Commission: 0.20% (Min: RMB 100)
• Handling Fee: 0.00341% of each transaction per side
• Securities Management Fee: 0.002% of each transaction per side
• Closing Fees: 0.001% of transaction amount (ChinaClear), 0.002% of transaction amount (HKSCC)
• Stamp Duty on Transactions: 0.05% of the transaction amount of the seller

Physical Scrip Scrippy stock handling and settlement services

• Physical Share Deposit Fee (charged by the Hong Kong Government): HKD 5 per stock or transfer paper
• Physical Stock Withdrawal Fee: HKD 5 per board lot
• Custodian Fee: ❌
• Settlement Instruction Fee: Stock Deposit (❌), Stock Pick-up Fee (HKD 5 per board lot / Min HKD 50 per lot)
• Investor Settlement Instruction Fee: Stock Deposit Fee via CCASS Personal Account (❌)
• Mandatory top-up fee: Handling fee HKD 100 (plus CCASS fee)

Nominee & Corporate Actions

• Share Registration and Transfer Fee: HKD 2.5 per board lot
• Collection of Cash Divends/Stock Dividend Fee (Local Shares): 0.5% of dividend value (Min: HKD 20)
• Bonus Share/Rights Shares Collection Fee: ❌
• Exercise of Rights Issues, Warrants, Warrant Fees on Behalf of Clients: HKD 2 per board lot & handling fee HKD 100
• Extra Rights Application: Handling fee HKD 100 (HKD 2 per board lot for successful application)
• Submission of Shares/Provatization of Shares/Automatic Exercise of Covered Warrany Fees under the Tende Offer: HKD 2 per board lot and handling fee of HKD 100 (Max HKD 15,000)
• Transfer of Share Fee at the Share Registrar: HKD 5 per board lot (Max HKD 200)
• Handling of Share Consolidation/Spin-off Fees: ❌

Lending and Other Services

• Margin Account Borrowing and Lending Fees: Prime Rate +5.00% (Negotiable)
• Cash Account Overdue Interest: Prime Rate +8.00%
• Handling Fee for IPO Subscription: HKD 50 per application
• Handling Fee for Financing Subscription of New Shares: HKD 100 per application
• Dividend Collection Comission Fee: HKD 1,000 per application
• Collect Shares at the Registrar on Behalf of the Client: HKD 150 per item

Bank Services Fee

• Wire Transfer Fees: Local Remittance HKD 100/Oversea Remittance HKD 150 (plus bank deductions)
• Termination Check Payment Fee: HKD 250 per transaction
• Refund Fee: HKD 250 per transaction

Account Service

• Issuance of Certificate of Account: HKD 200 per transaction
• Reissue Monthly Statements: Latest 3 months (❌) / More than 3 months - 7 years (Electronic: HKD 30 per month; Post: HKD 50 per month)

Securities Trading Services (Overseas Markets)

• US Shares: Commission 0.3% (Min: USD 30), US SEC fee 0.0008%, Trading Activities Fee (TAF) USD 0.000166 per share
• UK Shares: Commission 0.5% (Min: USD 110), Stamp duty 0.5%, PTM Levy: Fix GBP 1.00
• Australia Shares: Commission 0.5% (Min: USD 35), Custody Fee 0.05% p.a
• South Korea: Commission 0.6% (Min: KRW 24,000), Consumption Tax 0.3%
• Malaysia: Commission 0.3% (Min: RM 100), Stamp duty 0.1%, Clearing Fee 0.03%
• Singapore: Commission 0.3% (Min: SGD 40 / USD 30 / HKD 250), Clearing Fee 0.04%, SGX action charges 0.0075%

Bond Fees

• Transaction Fees: Depending on the type of bond traded
• Custodian Fees: 0.002% of month-end market value
• Transfer In/Out: USD 20/50 per order
• Bond Redemption/Early Redemption: USD 30 per order
• Bond Conversion: USD 50 per order
• Dividend Payment Handling Fee: USD 30 per order

Note: These fees are subject to change and may vary based on specific transactions or market conditions.

Trading Platform

CJS offers its clients a versatile and user-friendly trading platform, Changjiang Securities Hong Kong stock trading, available for both PC and mobile devices.

The PC version, currently at version 10.80 with its last update on 2024-03-13, can be directly downloaded from their website.

For mobile users, the platform is accessible on Apple iOS devices with the app available in the Apple App Store (version 4.0.4, last updated on 2023-06-02) and for Android devices via the Google Play Store (version 3.0.5, last updated on 2024-03-18), along with an APK download option.

Deposit and Withdrawal

CJS accepts deposits via FPS, bank transfer, cheque, and telegraphic transfer. In terms of the minimum deposit requirement, CJS has set a relatively low threshold of 100 HKD. You can find more detailed info on deposits and withdrawals in the screenshots below: