In October 2003, the Capital Investment Entrant Scheme ("Scheme") was launched by The Government of the Hong Kong Special Administrative Region. The objective of the Scheme is to facilitate the entry for residence by capital investment entrants who make capital investment in Hong Kong through permissible investment asset classes but would not be engaged in the running of any business here.
Capital Investment Entrant Scheme Requirements
Eligible Applicant*
Foreign nationals (except nationals of Afghanistan, Albania, Cuba and the Democratic People's Republic of Korea)
Macao Special Administrative Region residents
Taiwan residents
Stateless persons who have obtained permanent resident status in a foreign country with proven re-entry facilities
Chinese nationals who have obtained permanent resident status in a foreign country
*
To meet with the needs of individual clients, we provide clients with referral services by referring clients to immigration consultants and solicitors which assist clients in the application for permanent resident status in a foreign country and immigration procedures.
Eligibility Criteria
Aged 18 or over on the date of application
Absolute beneficial entitlement to assets with market value of not less than HK$10 million Net throughout the two years preceding the date of application
Has invested within and thereafter throughout the period beginning six months before lodging the application or has invested within and thereafter throughout the period beginning six months after Approval-in-Principle has been granted not less than HK$10 million Net in permissible investment assets
Has no adverse immigration record and meets normal immigration and security requirements
Permissible Investment Asset Classes
Equities-shares of companies that are listed on the Hong Kong Stock Exchange and traded in Hong Kong dollars
Debt securities denominated in Hong Kong dollars
Certificates of deposits denominated in Hong Kong dollars
Subordinated debt denominated in Hong Kong dollars issued by authorized institutions
Eligible collective investment schemes (subject to the latest announcement by the Immigration Department)
Under the above Scheme, we provide clients with the following relevant banking services:
Wealth management services (By appointment)
Reporting services
Referral services
Service Charges for Asset Reporting Agency of Capital Investment Entrant Scheme**
Particulars
Record and provide information to the Director of Immigration of the relevant assets of the clients
Annual Service Charges
HK$10,000;
First year annual service charges waiver to China Merchants Bank’s clients who acquire the service for Asset Reporting Agency of Capital Investment Entrant Scheme on or before 31 Dec 2012.
Example: China Merchants Bank’s clients acquire the service for Asset Reporting Agency of Capital Investment Entrant Scheme on 1 June 2012, the first year annual service charges will be exempted from 1 September 2012 to 31 August 2013 once the formal approval has been granted (assumed to be 1 September 2012).
Payment Date
First year annual service charges should be paid after the formal approval has been granted, and every subsequent annual service charges is payable within 14 days after each anniversary.
**
1.
In any event, if the client or we shall terminate the relevant agency appointment, any service charges paid by the client will not be refunded.
2.
If the client is in arrear of any fee, we may at our discretion terminate the relevant agency appointment without any notice to you. We are not responsible for any losses suffered by the clients as a result of our termination.
3.
First year annual fee waiver is valid till 31 December 2012.
Enquiry Hotline：Hong Kong (852) 2952 8888 Mainland (86) 14716030946
Notes：
For information relating to the charges of our above services, please refer to our latest Service Charge Schedules.
If there is any discrepancy between the English and Chinese versions, the English version shall prevail.
Fabulous Investment Product Offers up to HK$5,000 Cash Rebate
From 3 January till 30 March 20121, become our New Wealth Management Customer2 and subscribe designated investment products can enjoy the below Investment Product Cash Rebate Offer3 to maximize your potential gain from investment:
By subscribing designated investment products for an accumulated investment amount of HKD1,000,000, you can enjoy a cash rebate of HKD500, up to a maximum of HKD5,000 cash rebate.
Investment products include:
Investment Fund
Currency Linked Deposit
Bond
Equity Linked Deposit
Accumulated Investment Amount (HKD)
Cash Rebate (HKD)
1,000,000 – 1,999,999
500
2,000,000 – 2,999,999
1,200
3,000,000 – 3,999,999
2,000
4,000,000 – 4,999,999
3,000
5,000,000 or above
5,000
Act now to grow your wealth by starting an investment plan today!
The Promotion Period is valid from 3 January 2012 to 30 March 2012, both dates inclusive ("Promotion Period"). All promotion offers are only applicable to New Wealth Management Customers ("Customers"). The offers are applicable to instruction received by Wing Lung Bank ("the Bank") on or before the cut-off time on 30 March 2012.
2.
New Wealth Management Customers refer to customers who successfully open a Wealth Management Account with the Bank during the Promotion Period and have not maintained any Wealth Management Account with the Bank in either single name or joint name at any time during the period from 1 July 2011 to 31 December 2011.
3.
Investment Product Cash Rebate Offer
This offer is only applicable to Customers subscribing Investment Fund, Currency Linked Deposit, Bond or Equity Linked Deposit ("Eligible Investment Product") that meet the "Eligible Transactions" requirement. The investment amount of the "Eligible Transactions" will be accumulated and the cash rebate will be calculated according to the accumulated investment amount of "Eligible Transactions".
"Eligible Transactions" means:
Investment Fund: Lump Sum Investment Fund subscription with minimum subscription amount of HKD50,000 or equivalent. Subscription made under Investment Fund Monthly Savings Plan, subscription of investment funds with no subscription fees, money market funds, or any other funds designated by the Bank are excluded.
Currency Linked Deposit ("CLD"): The minimum investment amount of HKD100,000 or equivalent per transaction and with tenor of 1 month or above.
Bond: The offer is only applicable to subscribing bonds designated by the Bank, and is not applicable to retail bonds subscription during Initial Public Offering.
Equity Linked Deposit ("ELD"): The minimum investment amount of HKD100,000 per transaction.
4.
Each customer can enjoy a maximum cash rebate of HKD5,000.
5.
Cash rebate is calculated in HKD. If the investment currency of any Eligible Investment Product is not HKD, the exchange rate will be determined solely by the Bank on 30 March 2012 for the calculation of equivalent HKD.
6.
Cash rebate will be credited to customer’s HKD settlement account on or before 30 April 2012. Customers must still hold a valid Wealth Management account and a HKD settlement account when the cash rebate is credited. If customer holds more than one HKD settlement accounts, the Bank will select the one with latest account opening date.
7.
The above Investment Product Cash Rebate Offer cannot be used in conjunction with any other cash rebate promotion offers.
8.
The Bank reserves the right to suspend, amend or terminate the above offers and amend the terms and conditions thereof at any time without prior notice. In the event of any dispute, the decision of the Bank shall be final.
9.
If there is any discrepancy between the English and Chinese versions, the English version shall prevail.
Important Notice
This is an investment product and some may involve derivatives. The investment decision is yours but you should not invest in the investment product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
Risk Disclosure Statement
The above information is for reference only and does not constitute and should not be regarded as any recommendation, offer or solicitation to purchase or sell any investment products. Investment involves risks and the price of investment products may fluctuate or even become worthless. Past record is not an indicator of future performance. Losses may be incurred rather than making a profit as a result of investment. You should carefully and independently consider whether the investment products are suitable for you in light of your investment experience, objectives, financial position and risk profile. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with the risk disclosure statements in the prospectus of the investment product before making any investment decisions. CLD and ELD is not a protected deposit and is not protected under the Deposit Protection Scheme in Hong Kong. The above information has not been authorized by the Securities and Futures Commission.
According to the Personal Data (Privacy) Ordinance, you may, at any time and without charge, choose not to receive our future promotional mailings. Please inform us in writing in case of such a request to the Data Protection Officer. (Address: The Data Protection Officer, Wing Lung Bank Ltd, 45 Des Voeux Road Central, Hong Kong. / Fax No: 2537 9872).
From 3 Jan to 30 March 2012, subscribe investment fund(s) through Wing Lung Bank to enjoy Lump Sum Investment Fund Subscription Fee as low as 1.5%!
Subscribe through NET Fund Trading Service
Subscription Amount (HKD or equivalent)
Subscription Fee
HKD 100,000 or above
1.5%
Below HKD 100,000
1.8%
Subscribe through other channels
Subscription Amount (HKD or equivalent)
Subscription Fee
HKD 1,000,000 or above
1.5%
HKD 100,000 to 999,999
1.8%
Below HKD 100,000
2%
Act now to grow your wealth by starting an investment plan today!
The Promotion Period is valid from 3 Jan 2012 to 30 March 2012, both dates inclusive ("Promotion Period"). The above offers are applicable to instruction received by Wing Lung Bank ("the Bank") on or before the cut-off time on 30 March 2012.
Subscription amount is counted as the transaction amount of each lump sum investment fund subscription.
The above offers are not applicable to investment funds with no subscription fees, money market funds or any other funds designated by the Bank.
The above offers cannot be used in conjunction with any other investment fund subscription fee offers.
The Bank reserves the right to suspend, amend or terminate the above offers and amend the terms and conditions thereof at any time without prior notice. In the event of any dispute, the decision of the Bank shall be final.
If there is any discrepancy between the English and Chinese versions, the English version shall prevail.
Important Notice
This is an investment product and some may involve derivatives. The investment decision is yours but you should not invest in the investment product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
Risk Disclosure Statement
The above information is for reference only and does not constitute and should not be regarded as any recommendation, offer or solicitation to purchase or sell any investment products. Investment involves risks and the price of investment products may fluctuate or even become worthless. Past record is not an indicator of future performance. Losses may be incurred rather than making a profit as a result of investment. You should carefully and independently consider whether the investment products are suitable for you in light of your investment experience, objectives, financial position and risk profile. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with the risk disclosure statements in the prospectus of the investment product before making any investment decisions. The above information has not been authorized by the Securities and Futures Commission.
From now, you can enjoy the following special offers for making fixed deposits in the Bank by New Funds(1).
Currency
Tenor
Preferential interest Rate (p.a.)
HKD
3 Months
1.10%
6 Months
1.40%
12 Months
1.60%
RMB
3 Months
1.55%
6 Months
1.80%
12 Months
2.00%
USD
3 Months
1.20%
6 Months
1.45%
12 Months
1.70%
For details, please call our Customer Service Hotline 2952 6666 or contact our bank staff.
Terms and conditions:
"New Funds" mean funds newly deposited into the Bank within 3 days before making fixed deposits by cash, cheque, cashier's order, local CHATs, Telegraphic Transfer ("T/T") from other banks and the existing funds in the Bank converted to RMB or USD to make fixed deposits. In addition, the RMB remittance through Deposit Link Service will be classified as new funds. It excludes the renewal or rollover of existing fixed deposits, transfer of funds from same currency accounts. As for the definition of "New Funds", please contact our bank staff for enquiries. The Bank reserves the right to determine the definition of "New Funds".
The preferential deposit rates are only applicable to HKD, RMB and USD deposits. Customer must make the fixed deposits with New Funds at our Head Office or our branches in order to enjoy the preferential deposit rates.
The amount of deposit must be HKD50,000 or above, RMB20,000 or above and USD5,000 or above respectively.
Existing Wing Lung Bank credit cardholders can enjoy extra 0.1% bonus rate on top of the above mentioned RMB deposit rate. This offer is only applicable to new deposit customers (who need to open fixed deposit account simultaneously).
Extra 0.1% bonus rate on top of the above mentioned RMB deposit rate is also applicable to new applicants of Wing Lung Bank credit card. New applicants should provide all documents required by the Bank (please refer to Wing Lung Bank credit card application form for details). The approval of the credit card is subject to the final decision of the Bank.
Early uplift of current fixed deposit is not allowed.
The above special offers cannot be used with other relevant offers at the same time. The quota of above special offers is limited and on first-come- first served basis.
The Bank reserves the right to suspend, amend or terminate the above special offers and to amend the terms and conditions at anytime without prior notice. In the event of any dispute, the explanation and decision of Bank shall be final.
If there is any discrepancy between the English and Chinese versions, the Chinese version shall prevail.
From now on, customers can register Securities e-Statement Service via NET Banking. Upon registration, you can access, view and print your e-Statements anytime with great flexibility. Let's save our environment by reducing the use of papers.
Online Registration
Log on to the NET banking > Select "e-Statement" > Select "Service Registration" > Accept terms & conditions and register alert e-mail address.
Access e-Statement
Log on to the NET banking > Select "e-Statement" > Select "e-Statement details" > Select your account.
Notes:
1.
Daily and Monthly securities e-Statement will be retained for retrieval up to last 1 month and 12 months respectively. Please save a copy for your future reference.
2.
Customers will not receive paper statements by mail after registration of e-Statement service.
3.
Customers will need to install Adobe Acrobat Reader in your computer to view PDF (Portable Document Format) file.
4.
Notifications of nominee services and corporate actions (e.g. collection of dividends, exercise of rights) will be sent to customers' mailing address by paper statements instead of e-Statements.
5.
Customers have to accept Terms and Conditions of Wing Lung NET Banking Service before registration.
6.
This service is free of charge.
For enquiries, please call our Customer Service Hotline 2952 6666.
From now till 30 June 2012(the "Promotion Period"), customers can enjoy the following special offers for placing a fixed deposit with our Mainland Branches through our "Deposit Link Service":
Waiver of remittance handling fee
Customer Service Hotline: (852) 2521 6750
Terms and Conditions of Offers
The special offers are applicable to personal account holders only.
The minimum deposit amount of our "Deposit Link Service" is RMB60,000 / US$10,000 / HK$50,000. The minimum tenor is 3 months (for RMB) / 1 month (for USD/HKD).
Customers who join our "Deposit Link Service" can enjoy handling fee waiver for remitting funds during the promotion period. Customers have to pay a handling fee (currently at RMB40) charged by the RMB Clearing Bank only.
The above service involves policy risk, legal risk, exchange rate risk and interest rate risk. Funds maintained in our Mainland Branches are not protected deposit and are not protected by the Deposit Protection Scheme in Hong Kong.
The Bank reserves the right to amend the terms and conditions of "Deposit Link Service" according to regulations and guidelines announced by The People’s Bank of China / State Administration of Foreign Exchange / China Banking Regulatory Commission or the general market conditions at any time without prior notice.
The Bank reserves the right to suspend, amend or terminate the above offers and amend the terms and conditions thereof at any time without prior notice. In the event of any dispute, the Bank's explanation and decision shall be final.
If there is any discrepancy between the English and Chinese versions, the Chinese version shall prevail.
It has always been our commitment to develop various types of banking products to satisfy customer's cross-border needs. As Hong Kong continues to strengthen its ties with the Mainland, we have introduced a comprehensive Renminbi cross-border financial services including deposits, currency exchange, remittance, insurance, bond investment and corporate finance to help you grasp every opportunity.
RMB Deposits Services(1-2)
Comprehensive services
We offer savings account, current account and fixed deposit services. RMB deposit account customer can deposit and withdraw RMB cash at our Head Office and any of our Hong Kong branches and conduct other RMB transactions including cheque deposit, fund transfer and two-way exchange (RMB/HKD).
What's more, our "Deposit Link Service" offer preferential interest rate for placing RMB fixed deposits at Shenzhen branch.
RMB cheque
With a personal RMB current account, you can settle ordinary consumption transactions by cheque in Guangdong Province, including Shenzhen, conveniently. Cheques can also be used in Hong Kong for inter-bank fund transfer between accounts. Through the service you can enjoy greater flexibility.
Electronic service channels
Personal customers can enquire account balance, trade RMB and create RMB fixed deposits via our NET Banking and Telebanking anytime, anywhere. Through NET Banking you can also transfer funds and set up forward-dated instructions for fund transfer between your RMB savings and RMB current accounts with the Bank. Cheque book requisition, cheque status enquiry and stop cheque payment can also be made online in the most convenient way.
RMB Exchange Service(3)
We offer RMB exchange service with preferential exchange rate. Exchange can be made at our Head Office or any of our Hong Kong branches or via various electronic channels.
RMB Remittance Service(4)
We provide RMB remittance service to the Mainland China or to local banks. We also receive RMB inward remittance for customers.
Personal and Corporate customers can apply for local RMB fund transfer through our E-banking system; Internet application of RMB remittance to the Mainland China is also applicable for personal customers.
RMB Life Insurance Plan(5)
The application procedures of life insurance plan offered by Hong Kong Life Insurance Limited are simple.
RMB Bond Investment(6)
Offer a regular RMB interest income, provides higher potential return than general RMB fixed deposits.
Enjoy potential enhanced returns via the appreciation of RMB.
Investment amount as low as RMB10,000.
Provide a wide range of RMB bonds issued by variety of issuers (including government and corporations).
Corporate Finance(7)
Wing Lung Bank's China/Hong Kong SME Trade Finance Scheme offers convenience for Hong Kong Enterprises and citizens to mortgage their assets in Mainland China for cross border trade financing or loan arrangement.
Provide full range cross border RMB trade financing to corporate customers, including the issuance of import Letters of Credit ("L/C"), shipping guarantee, trust receipt loans, import collection, invoice financing, LC advising and export LC collection, etc.
RMB cashier orders and overdraft on Renminbi account are not available.
Customers opening a Renminbi account with our Head Office or branches in Hong Kong are not allowed to withdraw cash at our mainland branches.
RMB deposit accounts
RMB current accounts are available to the Bank's RMB savings account holders only. Cheques are not transferable and can only be deposited into the payee's account.
For consumption spending in Guangdong Province (including Shenzhen), the amount of each RMB cheque shall not exceed RMB80,000, otherwise the cheque will be returned and a handling fee of RMB200 will be charged for each returned cheque. Customers agree that the aggregate amount of cheques presented to the Bank on any day shall not exceed RMB80,000.
"Deposit Link Service" involves policy risk, legal risk, exchange rate risk and interest rate risk. Funds maintained in our mainland branches are not protected deposit and are not protected by the Deposit Protection Scheme in Hong Kong.
RMB Exchange Service
The maximum amount for each RMB cash exchange transaction is RMB20,000 (or equivalent) per person.
The daily aggregate exchange amount between RMB and HKD via various channels is RMB20,000 (or equivalent) per person.
RMB Remittance Service
Remittance Service is available for Individual RMB deposit account holder to remit RMB to the same name account in the Mainland. Daily maximum remittance amount is RMB80,000 per individual (including application over the counter and through E-Banking)
Remittance service is available for corporate RMB deposit account holder to remit RMB to corporations in the Mainland locations that are covered by the Pilot Program of RMB Settlement of Cross-border Trade Transactions. The remit amount is up to the transaction amount of underlying trade invoice attached. The Mainland Authorities and banks will be responsible for reviewing whether the transaction is in compliance with the rules and requirements of the Mainland.
Personal / Corporate RMB deposit account holder can transfer RMB to accounts with other banks in HK over the counter or through our E-banking system.
Pre-registration is required for internet remittance application.
Same day credit all incoming RMB remittances from local and the Mainland China.
RMB Life Insurance Plan
RMB insurance plan is issued by "Hong Kong Life Insurance Company Limited", clients should refer to the terms and conditions of insurer.
The product is limited offer, insurer may stop selling the product according to the market.
The policy value of the Plan is calculated in RMB. Customers can choose the settlement in RMB or HKD, the conversion amount depends on prevailing exchange rate as determined by the insurer, which may change from time to time.
RMB Bond Investment
To purchase RMB bonds through the Bank, both individual and corporate customers must hold a RMB savings account and a wealth management account with the Bank.
The safe custody fee waiver applies to designated RMB bonds subscription through the Bank during the IPO period. For RMB bonds purchased in the secondary market, a safe custody fee of 0.05% per annum on the nominal value of the bonds will be charged, pro rata on the holding period.
Corporate Finance
The Bank reserves the right to amend the terms and conditions of the above services according to regulations and guidelines from time to time announced by The People's Bank of China / State Administration of Foreign Exchange / China Banking Regulatory Commission or the general market condition thereof at any time without prior notice.
Cross border RMB trade settlement services only applies to qualified corporate customers for settlement of genuine trade transactions with eligible enterprise(s) in the 20 pilot areas in Mainland China.
Customer applies for cross border RMB trade settlement account must have maintained a corporate account with Wing Lung Bank.
Interest rates apply to cross border RMB trade settlement accounts are subject to fluctuations and discretions of Wing Lung Bank.
Subject to the agreement with the RMB clearing bank in Hong Kong and the Mainland China and relevant regulatory requirements, Wing Lung Bank is authorized to provide any information for the corporate customers including their cross border RMB trade settlement accounts and transaction details.
General Notes
For the details on the Renminbi services, please refer to the latest "Notice on Renminbi Business".
The Bank reserves the right to revise our charges, offers or services from time to time. Please contact our Head Office and branches for details.
Risk Disclosure Statement:
The above information does not constitute and should not be regarded as any recommendation, offer or solicitation to purchase or sell any investment products. Investment involves risks and the price of investment products may fluctuate or even become worthless. Past record is not an indicator of future performance. Losses may be incurred rather than making a profit as a result of investment. You should carefully and independently consider whether the investment products are suitable for you in light of your investment experience, objectives, financial position and risk profile. At times there may not be any counterparty quoting prices or providing liquidity for the bond. Independent professional advice should be obtained if necessary. This product and advertisement have not been authorized by the Securities and Futures Commission. Please read the relevant terms and conditions together with the risk disclosure statements in the prospectus of the investment product before making any investment decisions.
Anti-virus, Encryption Software and Emergency Charger Special Offer
From now till 31 October 2012, you can enjoy a fabulous discount by presenting your Wing Lung Security Token / Wing Lung Credit Card / Wing Lung ATM Card when you purchase ESET NOD32 Anti- virus, ESET Smart Security, ESET Mobile Security, BigLock Encryption Software and GP Emergency Charger at the following designated authorized retailers of Version 2 Ltd.
Items
Discount Price (HK$)
Original Price (HK$)
ESET NOD32 Antivirus 1 user 1 year (Commercial) Boxset
$158
$198
ESET NOD32 Antivirus 1 user 1 year (Education, Home- use) Boxset
$138
$168
ESET Smart Security 1 user 1 year (Commercial) Boxset
$278
$338
ESET Smart Security 1 user 2 years (Education, Home-use) Boxset
$268
$318
ESET Mobile Security 1 user 1 year
$138
$158
BigLock Encryption Software 1 user (Commercial) Boxset
$329
$399
BigLock Encryption Software 1 user (Education, Home-use) Boxset
$188
$228
GP Instant Power iPhone Emergency Charger – Black (GPXPB04)
$158
$188
GP Instant Power USB Emergency Charger – Black (GPXPB05)
$228
$258
List of authorized retailers ：
Authorized Retailer
Address
Telephone
Wellent System Consultants Ltd
Shop A, Plaza 168, 168 Des Voeux Road Central, Sheung Wan, Hong Kong Island
2851 6868
Shop C2C, G/F, HK Spinners Ind. Building, Phase 1 & 2, 800 Cheung Sha Wan Road, Lai Chi Kok, Kowloon
Shop B, No A12, G/F., Kwai Chung Centre, 102 Kwai Hing Road, Kwai Hing, N.T.
2421 8689
Shop A07, 1/F, Nan Fung Centre, 264-298 Castle Peak Road, Tsuen Wan, N.T.
2110 8894
Terms and Conditions
1.
The promotion period is from now till 31 October 2012.
2.
Customers are required to present their Wing Lung Security Token / Wing Lung Credit Card / Wing Lung ATM Card to enjoy the offers.
3.
The above offer of the products and /or service is provided by Version 2 Ltd. The terms and conditions are specified by Version 2 Ltd. Customers can call the authorized retailers for more details. The above items are available while stock lasts. The Bank is not the supplier of the products and/or services and shall not have any legal liability or other responsibility relating thereto (including but not limited to their quality and the supply thereof).
4.
This promotion offer cannot be exchanged for cash or used in conjunction with other offers or promotion of Version 2 Ltd. In the event of any dispute regarding the promotion offer of the products and /or service, the explanation and decision of the Bank and Version 2 Ltd. shall be final.
5.
The Bank and Version 2 Ltd. reserve the right to amend, suspend or terminate the offers and to amend the Terms and Conditions at any time without prior notice.
6.
If there is any discrepancy between the English and Chinese versions, the English version shall prevail.
