Commonwealth Securities launches Hong Kong trading

23 October 2000

Australia's leading broker ComSec today announced the launch of both online and telephone share trading on the Stock Exchange of Hong Kong. This service further extends ComSec's International stockbroking operations following the successful launch earlier this year of US Shares online.

Paul Rickard, Director of Commonwealth Securities said "ComSec is the leader in Australian investment services and the addition of Hong Kong share trading adds an important regional dimension to ComSec's existing international broking service.

"The new Hong Kong shares service reinforces ComSec's approach of providing simple accessible and affordable investment choices. Our clients will be able to settle their trades in Australian dollars which simplifies the business of trading offshore considerably" added Paul Rickard.

Clients can register for Hong Kong investing by calling ComSec's 24 hour support desk on 1300 361 170 or they can obtain an application form online. Cantonese and Mandarin speaking staff are available during Hong Kong Market hours to assist with customer enquires.

The service is affordable with a competitive brokerage rate of $109 per trade on trades up to A$10,000 or 1.09% for each larger trade (including GST).

ComSec Hong Kong Shares customers can access the latest market information with access to Hong Kong market news, company profiles, price charts, watchlists, and stock quotes for Hong Kong securities trading by logging in and selecting Overseas Shares.

According to Mr Rickard Australia only represents 1.4% of world capital markets this provides the motivation for investors to diversify into other markets. Now ComSec is making it simple and affordable to invest in markets such as Hong Kong and the U.S.

N.B.: Please note that risks and market practices with buying and selling Hong Kong shares are different from Australia. Full details are in the application pac