Under the trend of globalized investment, more and more investors want to layout the Hong Kong and US stock markets, and Huatai Securities ZL Global is a popular choice. This guide will introduce ZL Global account opening process, account types, trading markets, fee structure, platform features and suitable for the crowd, to help investors fully understand the advantages of the platform and how to use it.

What is ZL Global?

ZL Global is a Hong Kong and U.S. stock trading platform launched by Huatai International (a subsidiary of Huatai Securities) to provide Chinese investors with convenient global stock investment services. The platform supports A-share investors to quickly open accounts, easily trade Hong Kong stocks, U.S. stocks, ETFs and other assets, and enjoy low commission rates and a wealth of investment tools.

How to open an account with Huatai Securities ZL Global?

ZL Global support full online account opening, account opening process is simple and fast, the fastest 3 minutes to complete, no minimum deposit requirements, suitable for all types of investors. The following is a detailed account opening guide:

1. The materials required to open an account

Investors in different regions need to provide the appropriate proof of identity and address documents:

Mainland China residents

• ID card: the validity of the original second-generation ID card
• Mainland bank card: account status of the normal mainland bank debit card (for funds in and out of gold)

Hong Kong and Macau residents (can choose one of the following two options)

• Option 1: Hong Kong (Macao) permanent resident identity card + proof of address
• Option 2: Hong Kong Resident Identity Card + Hong Kong Visa Identity Card + Proof of Address

Residents of other countries or regions

• Passport: Original passport within the validity period
• Proof of address: Water, electricity, gas bill or bank statement within the last three months (must show the applicant's name and address)

Note: Proof of address documents need to be issued within the last three months, and need to clearly show the name and address to ensure that the compliance audit through.

2. Steps to open an account

Step 1: Download ZL Global App

Go to the official website of Huatai International or ** Application Store (App Store/Google Play) ** Download “ZL Global” App.

Step 2: Select the type of account and fill in the information

• Enter the App, select [Account Opening], and choose the appropriate account type (cash account/financing account).
• Follow the guidelines to fill in personal information, including name, ID number, contact information, address and other information.

Step 3: Upload identity and address proof documents

• Take photos and upload identity documents such as ID card/passport.
• If proof of address is required, upload billing documents that meet the requirements.

Step 4: Risk Assessment and Contract Signing

• According to regulatory requirements, users are required to complete an investor risk assessment to confirm their risk tolerance.
• Read and agree to relevant agreements (e.g. Customer Agreement, Privacy Policy, etc.).

Step 5: Conduct Video Witnessing (applicable in some cases)

• Some investors may need to conduct video witnessing to ensure that their identity is real and effective.
• Online verification by Huatai International staff usually takes a few minutes.

Step 6: Account Review and Activation

• After submitting the information, Huatai International will conduct an audit, which usually takes 1 working day and can be approved in as fast as 3 minutes.
• After passing the audit, the account will be automatically activated and investors can deposit funds to officially start trading.

3. Account opening fees and capital requirements

• Account opening fee: 0 yuan (no account opening fees).
• Minimum deposit requirements: no minimum deposit requirements for standard accounts, free to deposit funds for trading.
• Account management fees: no account management fees, long-term non-trading will not generate additional costs.

Financing accounts may have a certain minimum requirement for account assets, the specific criteria can be viewed at the time of account opening the relevant provisions.

4. account opening precautions

1. Ensure that the identity and address documents are real and valid, and within the validity period, otherwise it may lead to account opening audit failure.
2. Use my bank account for funds in and out of the funds, not to use third-party account transfers to avoid compliance issues.
3. Submitted information must be consistent with the document information, such as name spelling, address, etc. must be consistent with the submitted documents, otherwise it may affect the progress of the account opening audit.
4. Regularly update personal information, such as changes in address, changes in contact information, etc., it is recommended to modify the App in a timely manner to ensure account compliance.

5. Account Types

ZL Global provides different types of trading accounts to meet the needs of various types of investors:

• Cash account: applicable to general investors, only supports existing funds trading, does not provide financing and securities financing functions.
• Financing account: supports financing and securities trading, investors can borrow funds for leveraged investment to improve the efficiency of capital use (need to meet certain asset requirements).
• Cross-border Wealth Management Account: For investors who are eligible for the “Guangdong, Hong Kong and Macao Greater Bay Area Cross-border Wealth Management” program, they can invest in Hong Kong stock funds through the Southbound Channel, and they can also invest in Mainland public funds through the Northbound Channel.

6. Account Opening Frequently Asked Questions (FAQ)

Q1: How long does it take to open an account?

A: The fastest 3 minutes to complete the account opening audit, under normal circumstances can be completed within 1 working day.

Q2: Account opening must provide proof of address?

A: Only Hong Kong, Macao and other investors need to provide proof of address, mainland China residents do not need to provide.

Q3：How long can I trade after opening an account?

A: Account review and approval can be deposited into the transaction, the fastest day to complete.

Q4：Account opening process encountered problems how to do?

A: You can get help through ZL Global App online customer service or Huatai International customer service hotline.

ZL Global Trading Market and Investment Products

ZL Global provides a wide range of trading markets and investment products, covering Hong Kong stocks, U.S. stocks and some A-share channels to meet the needs of different types of investors. Whether it is long-term value investment, short-term trading, or leveraged trading, ZL Global can provide the appropriate market and product support.

1. Trading Market

(1) Hong Kong stock market

ZL Global supports investment in **Hong Kong Stock Exchange (HKEX)** listed stocks and derivatives, including:

• Individual Hong Kong stocks: covering large-cap blue chips (e.g. Tencent (0700.HK), Alibaba (9988.HK), Meituan (3690.HK)) and small and medium-sized growth stocks.
• ETFs (Exchange Traded Index Funds): e.g. Hang Seng Index ETF (2833.HK), Nanfang A50 ETF (2822.HK), suitable for investing in indexed asset allocation.
• Warrants (Warrant): similar to U.S. stock options, suitable for short-term high-leverage trading.
• Bull/Bear Contracts (CBBC, Callable Bull/Bear Contracts): with leverage effect, can capture short-term market fluctuations, but with higher risk.

In addition, investors can trade some A-share underlying through **Hong Kong Stock Connect (Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect)** channels to further expand the investment scope.

(2) U.S. Stock Market

ZL Global covers the three major exchanges of U.S. stocks, providing a wealth of investment choices:

• New York Stock Exchange (NYSE): You can trade stable large-cap blue chips such as Berkshire Hathaway (BRK.A), Coca-Cola (KO), Johnson & Johnson (JNJ), and so on.
• NASDAQ (NASDAQ): Covers tech growth stocks like Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Tesla (TSLA), etc.
• American Stock Exchange (AMEX): supports trading of stocks of some small and medium-sized companies and special financial products.

In addition, the U.S. stock market has longer trading hours and supports pre-market and after-hours trading (04:00-09:30 and 16:00-20:00 EST), which is suitable for investors across time zones to trade flexibly.

(3) Shanghai-Shenzhen-Hong Kong Stock Connect (A-share channel)

• Shanghai-Hong Kong Stock Connect: Allows investors to invest in some of the A-shares listed on the SSE, such as Guizhou Moutai (600519.SH), Ping An of China (601318.SH), etc., through their Hong Kong stock accounts.
• Shenzhen-Hong Kong Stock Connect: Covering some A-shares on the Shenzhen Stock Exchange, such as BYD (002594.SZ) and Ningde Times (300750.SZ).

This channel provides foreign investors with the opportunity to invest in the Chinese market, and also allows mainland investors to indirectly invest in A-shares through Hong Kong stock accounts.

2. Investable Products

Huatai Securities ZL Global provides diversified global trading markets, supporting investors to flexibly allocate assets among Hong Kong, U.S. and A shares. Whether it is long-term stock holding, ETF investment, short-term trading, or leveraged investment, you can find suitable products.

For investors who wish to lay out the global market, ZL Global is a platform worth considering. Its convenient account opening process, low-commission trading model and rich investment tools make it a popular choice for Hong Kong and US stock investment.

(1) Hong Kong and U.S. individual stocks

• Suitable for: Long-term value investors, short-term traders
• Representative stocks:
  • Hong Kong stocks: Tencent (0700.HK), Alibaba (9988.HK), Meituan (3690.HK), HSBC Holdings (0005.HK), etc.
  • U.S. stocks: Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Google (GOOGL), etc.
• Investment Advantage: Provides globalization opportunities, suitable for long-term holding or short-term trading.

(2) ETF funds (index funds)

• Suitable for: investors who wish to diversify risks and track market indices
• Representative ETFs:
  • U.S. ETFs: S&P 500 ETF (SPY), NASDAQ 100 ETF (QQQ), Dow Jones ETF (DIA)
  • Hong Kong ETFs: Hang Seng Index ETF (2833.HK), China Southern A50 ETF (2822.HK)
• Investment Advantages: Low cost, high liquidity, suitable for long-term investment

(3) IPO (Hong Kong IPO)

• Suitable for: Investors who wish to participate in IPO with low risk
• Features:
  • Support zero-funded IPO (financing subscription is available in some cases)
  • Hong Kong stocks to fight the new generally do not need to hold a market value of the position, you can directly apply for the purchase
  • Popular IPO stocks in recent years such as Crypto (1024.HK) and Jingdong Health (6618.HK), with higher winning returns
• Investment advantage: higher winning rate, suitable for short-term arbitrage

(4) Warrants, CBBCs (high leverage derivatives)

• Suitable for: short-term traders, speculators
• Characteristics:
  • Warrants (Warrant): similar to U.S. stock options, can call/put a specific stock, higher leverage
  • Bull/Bear Contracts (CBBCs): can go long (CBBCs) or short (Bears), but with mandatory call mechanism, higher risk
• Investment advantage: high yield potential, but need to pay attention to market volatility and leverage risk

(5) Financing and securities trading (leveraged investment)

• Suitable for people: investors who wish to improve the utilization of funds
• Features:
  • Can finance buying (borrowing money to buy stocks) or financing selling (borrowing stocks to short)
  • Hong Kong stock financing rate is generally 5%-10%, U.S. stock financing rate fluctuates with the market
• Investment Advantage: Enlarge the return, but at the same time increase the risk of trading

ZL Global Trading Fees and Commissions

When investing with ZL Global, it is vital to understand its transaction fee structure for investors' cost control. Transaction fees may vary across different markets and products. Below is a detailed description of the major transaction fees:

1. Hong Kong Stock Market

(1) Securities Trading Services

Use of Platform	Member Level	Commission	Platform Fee	Renewal Fee
Electronic Channel (ZL Global)	Non-member	0.029% of each transaction amount, minimum charge HK$2.9	HK$15 per order	HK$100 per financing subscription application, HK$50 per non-financing subscription application
	V1 Member/V2 Member/V3 Member	0	0	0
	M1 Member / M2 Member	0.029% of each transaction amount, minimum charge HK$2.9	0	HK$100 per financing subscription application, HK$50 per non-financing subscription application
Electronic channels (not ZL Global)	Non-member	0.15% of each transaction amount, minimum charge HK$100	HK$15 per order	HK$100 per financing subscription application, HK$50 per non-financing subscription application
	V1 Member/V2 Member/V3 Member	0.15% of each transaction amount, minimum charge HK$100	0	0
	M1 Member / M2 Member	0.15% of each transaction amount, minimum charge HK$100	0	HK$100 per financing subscription application, HK$50 per non-financing subscription application
Phone Order	Non-member	0.15% of each transaction amount with a minimum charge of HK$10	HK$15 per order	HK$100 per financing subscription application, HK$50 per non-financing subscription application
	V1 Member/V2 Member/V3 Member	0.15% of each transaction amount with a minimum charge of HK$10	0	0
	M1 Member / M2 Member	0.15% of each transaction amount with a minimum charge of HK$10	0	HK$100 per financing subscription application, HK$50 per non-financing subscription application

Remarks:

• For multiple same direction trades on the same Hong Kong stock on the same day, such trades can be combined and counted as one order.
• Electronic channel trading includes ZL Global channel and non-ZL Global channel (Mobile Qianlong version, Huatai Hong Kong Qianlong Stock Connect, Huatai Hong Kong Stock Web version).
• Charges for forced position closure are the same as those of electronic channels (non-ZL Global).
• Global Link membership system and related benefits are only applicable to customers of Mainland China, Hong Kong, Macao, Taiwan and Singapore nationality

(2) Hong Kong stock dark trading fee table

Use of Platform	Member Level	Commission	Platform Fee
Electronic Channel (ZL Global)	Non-member	Minimum charge of HK$3 per transaction of 0.03% of the transaction amount	HK$15 per transaction
	V1 Member/V2 Member/V3 Member	Minimum charge of HK$3 per transaction of 0.03% of the transaction amount	0
	M1 Member / M2 Member	Minimum charge of HK$3 per transaction of 0.03% of the transaction amount	0
Phone Order	Non-member	Minimum charge of HK$3 per transaction of 0.03% of the transaction amount	HK$15 per transaction
	V1 Member/V2 Member/V3 Member	Minimum charge of HK$3 per transaction of 0.03% of the transaction amount	0
	M1 Member / M2 Member	Minimum charge of HK$3 per transaction of 0.03% of the transaction amount	0

Remarks:

• GSM membership system and related benefits are only applicable to clients of Mainland China, Hong Kong, Macau, Taiwan and Singapore nationality

(3) Hong Kong stock odd lot trading fee table

(e-Channel - ZL Global)

Use of Platform	Member Level	Commission	Platform Fee
Electronic Channel (ZL Global)	Non-member	0.15% of each transaction amount, minimum charge HK$0.01	0
	V1 Member/V2 Member/V3 Member	0	0
	M1 Member / M2 Member	0.15% of each transaction amount, minimum charge HK$0.01	0

Remarks:

• The GSM membership system and related benefits are only applicable to clients of Mainland China, Hong Kong, Macau, Taiwan and Singapore nationality

(4) Hong Kong Stocks Fixed Deposit Trading Charges

Use of platforms	Membership Level	Service Fee*
Electronic Channel (ZL Global)	Non-member	HK$5/month per stock
	V1 Member/V2 Member/V3 Member	HK$5/month per stock
	M1 Member / M2 Member	HK$5/month per stock

Remarks:

• Hong Kong stock fixing service fee is waived during the promotion period (from January 1, 2021 to December 31, 2024, including the first and last 2 days).
• GSM membership system and related benefits are only applicable to clients of Mainland China, Hong Kong, Macao, Taiwan and Singapore nationality.

(5) Warrant CBBC Trading Fee

Use of Platform	Member Level	Commission	Platform Fee
E-Channel (ZL Global) / E-Channel (Non-ZL Global) / Phone Order Placement	Non-member	HK$0.01 per transaction	HK$15 per transaction
	V1 Member/V2 Member/V3 Member	HK$0.01 per transaction	0
	M1 Member / M2 Member	HK$0.01 per transaction	0

Remarks:

• Under normal circumstances, no stamp duty is required when trading Warrants, CBBCs, IDS and ETFs, please refer to the announcement of the Hong Kong Government for the exact scope of the charge.
• The GSM membership system and related benefits are only applicable to clients of Mainland China, Hong Kong, Macau, Taiwan and Singapore nationality.

(6) Other Hong Kong stock trading levies

Items	Charges
Stamp Duty (collected by HKSAR Government)	0.1% of transaction amount, min. HK$1
Transaction Levy (collected by SFC)	0.0027% of transaction amount
Transaction Fee (collected by HKEx)	0.00565% of transaction amount
CCASS Settlement Fee (charged by HKSCC)	0.002% of transaction amount, minimum HK$2, maximum HK$100
FRC Transaction Levy (effective from 2023.11.22)	0.00015% of transaction amount (rounded to the nearest cent/quartile)

(7) Handling of physical stock and settlement services

Items	Charges
Stamping fee for depositing physical share certificates	HK$5 per transfer paper
Physical Scrip Withdrawal Fee	HK$5 per board lot (odd lots are also counted as one lot), minimum HK$50 per board lot
Deposit Fee	0
Settlement Instruction Fee (Transfer to Deposit)	0
Settlement Instruction Fee (Transfer Out)	0.002% of the market value of each security, minimum HK$500 per stock.
Investor Settlement Instruction Fee (Transfer Out)	HK$50 per stock
Handling Fee and Stamp Duty for Intra-Client Transfer of Securities	HK$250 per side, plus Government Stamp Duty per side

(8) Account services

Items	Charges
Custodian Fee	0
Mailing/Stamping of Daily and Monthly Account Statements	HK$100/copy
Replacement of Statement Copies (electronic/printed)	Free for electronic copy within the last 3 months, HK$50 per copy for every month after 3 months, HK$50 per copy for hard copy
Separate Share Account Service Fee (with CCASS statement mailing service)	HK$10 per month
Provide copy of account opening form	Free of charge within 3 months of account opening, HK$50 per copy after 3 months
Cancellation of account	Exemption
General Meeting of Shareholders	Attend or authorize a third party to attend the general meeting (maximum 1 person) or appoint Huatai Financial Holding to vote, administrative fee HK$50/application

(9) Agent Services and Corporate Actions

Items	Charges
Registration and Transfer Fee	HK$2 per board lot (odd lots are also treated as one lot)
Collection of cash dividends (including but not limited to dividends and debt securities such as iBond) for HK/US Exchange listed securities	0.25% of dividend payout amount, minimum HK$30/RMB30 (if the dividend payout amount is less than the minimum charge, only the actual dividend payout will be charged), maximum HK$20,000/RMB20,000/US$2,600 (based on the currency in which the dividend is denominated)
Collection Fee for Bonus Shares	HK$1 per board lot, minimum HK$25 (odd lots are also treated as one lot)
Rights Issue Collection Fee	0
Fee for exercising rights issue on behalf of customers	HK$0.8 per board lot plus handling fee of HK$150 (odd lots are also treated as one lot)
Handling of share consolidation/sub-division fee	Free of charge
Fee for submission of shares under takeover bid	HK$0.8 per board lot plus handling fee of HK$150 (Odd lot also treated as one lot)
Fee for transfer of shares in the share registry	Share Registrar's fee HK$5 per board lot plus handling fee HK$200
Warrant exercise fee	HK$100 per transaction
Fee for exercise of covered warrants	HK$100 per transaction
Fee for cancellation of certificate for covered warrants/warrants	HK$1 per transaction
Certificate fee for issuance of covered warrants/warrants	HK$2 per transaction
ADR conversion fee	650/lot handling fee + $17/lot line charge + $5/lot/conversion fee (1 lot of 100ADS, less than 1 lot will be counted as 1 lot)

(10) Lending and other services

Items	Charges
Cash Account Expired Interest	HKD: Standard Chartered Bank HKD Prime Rate + 5.25% USD: 6.8% RMB: 8.8%
Margin Account Debit Charge	HKD: 6.8% of the financing amount; HKD rate for M1 members: 4.99% of the financing amount (preferential interest rate limit of HKD1,000,000 and preferential interest rate is not applicable under margin call); HKD rate for M2 members: 6.8% of the financing amount; USD: 6.8% of the financing amount; USD rate for M1 members: 6.8% of the financing amount; USD rate for M2 members: 4.99% of the financing amount (preferential interest rate limit of USD125,000 and preferential interest rate is not applicable under margin call); USD: 8.8% of the financing amount 4.99% of Facility Amount (preferential interest rate of US$125,000 and preferential interest rate is not applicable in case of margin call) RMB: 8.8% of Facility Amount
Margin Account Overdraft Charge	HKD: Standard Chartered Bank HKD Prime Rate + 5.75%; USD: 6.8% RMB: 8.8%
Securities Subscription Handling Fee (IPO Application)*	HK$100 per financing subscription application and HK$50 per non-financing subscription application
Fee for claiming unclaimed benefits on behalf of applicants	HK$500 per application or 2.0% of dividend amount (whichever is higher)
Foreign Exchange Transaction	Currency Conversion Handling Fee not exceeding 1% (plus or minus in the form of exchange rate)
Termination Fee	No fee will be charged for the opening of securities lending service, however, an administration fee of HK$270 (collected by the Inland Revenue Department of Hong Kong) will be charged for termination of the securities lending agreement during the agreement period.

(11) Settlement fees

Items	Charges
Withdrawal from account - by CHATS or wire transfer	All local or overseas bank charges will be deducted from the remittance amount.
Deposit to account - in the amount received by the bank	HK$0.42 or RMB 0.42 per transaction (depending on the currency of the deposit) if the deposit is below HK$10,000 or RMB via the Hong Kong FPS system (e.g. eDDA)
Check stops	HK$200 per transaction
Charges for bounced check processing	HK$200 per transaction

2. U.S. Stock Market

(1) Securities trading services

Use of Platform	Member Level	Commission	Platform Fee
E-Channel (ZL Global)	Non-Member	0.0039 per share $0.99 per order minimum	0.0039 per share $0.0039 per order minimum $0.99 per order
	V1 Member	0.0039 per share $0.99 minimum per order	0.0039 per share Minimum $0.99 per order
	V2 Member/V3 Member	0	0
	M1 Member/M2 Member	0.0039 USD per share minimum $0.99 per order	0
Electronic channels (non-ZL Global)	Non-Member	0.01 per share minimum $5 per order	0.0039 per share with a minimum of $0.99 per order
	V1 Member	Minimum $5 per order at $0.01 per share	Minimum $0.99 per order at $0.0039 per share
	V2 Member/V3 Member	0.01 per share minimum $5 per order	0
	M1 Member/M2 Member	Minimum $5 per order at $0.01 per share	0
Telephone order placement	Non-Member	Minimum $5 per order at $0.01 per share	0.0039 per share with a minimum of $0.99 per order
	V1 Member	Minimum $5 per order at $0.01 per share	Minimum $0.99 per order at $0.0039 per share
	V2 Member/V3 Member	Minimum $5 per order at $0.01 per share	0
	M1 Member/M2 Member	Minimum $5 per order at $0.01 per share	0

Notes:

• Multiple trades in the same direction on the same U.S. stock on the same day, such trades are not combinable and will be recorded as multiple orders.
• Electronic channel trading includes ZL Global channel, as well as non-ZL Global channel (Mobile Qianlong version, Huatai Hong Kong Qianlong Stock Pass, Huatai Hong Kong Stock Web Version)
• Charges for forced position closure are the same as electronic channels (non-ZL Global).
• The Global Connect membership system and related benefits are only applicable to customers of Mainland China, Hong Kong, Macao, Taiwan and Singapore nationality.

(2) Other U.S. stock trading levy

Items	Charges
Securities and Futures Commission Levy	0.00278%, sell to collect
Trading Activity Fee	0.000166 USD/share, up to 8.30 USD, Sell Charge
Settlement Fee	0.003$/share, Buy Sell Charge
French ADRS Financial Transaction Tax for market capitalization over €1 billion	0.3%, Buy charged
Italian ADRS Financial Transaction Tax for market capitalization over €500 million	0.1%, Buy receive
ADR Charges	Depends on the specific ADR
US OTC Dual Listing and Non-DTC Eligible Shares Additional Charges	Maximum $75 per trade
Exchange Fee (charged by the Exchange)*	Charges vary by exchange and transaction type

(3) Handling of physical stock and settlement services

Items	Charges
Settlement Instruction Fee (Transfer In)	0
Settlement Instruction Fee (Transfer Out)	Fee per stock $100

(4) Account services

Items	Charges
General Meeting of Shareholders	Attendance or authorization of a third party to attend the AGM (maximum 1 person) or to vote by proxy for Huatai Financial Holding, administrative fee US$10/application

(5) U.S. stock options

U.S. Stock Options Service

Trading Direction	Commission	Platform Fee
Buy	0.5 USD per sheet with a minimum of 1.49 USD per order	0.3 USD/pc
Sell	0.5 USD per sheet, minimum 1.49 USD per order	0.3 USD/pc

Other U.S. stock options trading levies

Items	Charges
SEC Fee (charged at time of sale only) (charged by SEC)	0.000008 x transaction amount, minimum $0.01 per order
Trading Activity Fee (charged on sell only) (charged by FINRA)	0.00279/card, $0.01 minimum per order
Options Regulatory Fee (charged by exchanges)	0.02915 USD/card, buy sell receive
Options Clearing Fee (charged by options clearing firm)	0.02 USD per order, maximum 55 USD per order, buy and sell charges
Exchange Fee (charged by the exchange)*	Charges vary by exchange and transaction type

Remarks: *Exchange fees may include the exchange's liquidity costs and the administrative costs of the options clearing firm/Huatai Financial Holding. With respect to the Exchange's liquidity costs, the Exchange may charge different fees depending on the impact of the order on the liquidity of the option, and the specific fees shall be determined by the Exchange; the Exchange may also refund all or part of the fees in response to the liquidity of the option, and the refunded portion will be deemed to be the administrative costs of the Huatai Financial Holding.

3. Shanghai Stock Connect/Shenzhen Stock Connect

(1) Securities Trading Services

Membership Level	Commission	Platform Fee
Non-member	0.029% of each transaction minimum charge 2.9 CNY	15 RMB per order
V1 Member	0.029% of each transaction amount minimum charge 2.9 CNY	15 RMB per order
V2 Member	0.029% minimum charge of 2.9 RMB per transaction amount	15 RMB per order
V3 Member	0	0

(2) Other Shanghai and Shenzhen Stock Connect Transaction Levies

Items	Charges
Stamp Duty (Collected by State Administration of Taxation, for sell transactions only)	Transaction amount 0.05%
Dealer's Fee (charged by Shanghai/Shenzhen Stock Exchange)	Transaction amount 0.00487
Securities Control Fee (charged by China Securities Regulatory Commission)	0.002% of transaction amount
Transfer Fee	0.001% of Transaction Amount (payable in accordance with CSCC's rules for Shanghai/Shenzhen-Hong Kong Stock Connect)
	0.002% of Transaction Amount (payable under CCASS General Rules)

(3) Account Services

Items	Charges
Settlement Instruction Fee (Transfer In)	Free of charge
Settlement Instruction Fee (Transfer Out)	0.002% of the market value of each security, minimum RMB100 per stock
Stock Custody Fee	Market value of shares held per day (RMB) X 0.008% / 365 (Fee will be accumulated daily and deducted at the end of the month)
Replacement of Statement Copy (Electronic / Printed)	“Electronic version is free of charge for the last 3 months, after 3 months, HK$50 per copy per month.Print version HK$50 per copy”.
Provide copy of account opening form	Free of charge within 3 months of account opening, HK$50 per copy after 3 months

(4) Nominee Services and Corporate Actions

Items	Charges
Registration and transfer fee	RMB2 per board lot (Odd lot is also considered as one board lot)
Cash Dividend / Stock Dividend Collection Fee	0.5% of dividend amount, minimum charge RMB25
Collection of Bonus Shares Fee	RMB1 per board lot, minimum RMB25 (Odd lot also treated as one board lot)
Rights Issue Collection Fee	Free of charge
Fee for exercising rights on behalf of customers	RMB0.8 per board lot plus handling fee of RMB150 (Odd lot also treated as one lot)
Share consolidation/split fee	Free of charge
Fee for submitting shares under a takeover offer	RMB0.8 per board lot plus handling fee of RMB150 (Odd lot also treated as one lot)
Fee for claiming unclaimed entitlements	Depends on each case, minimum charge is RMB500.

(5) Settlement Fees

Items	Charges
Withdrawal from account - by CHATS or wire transfer	All local or overseas bank charges will be deducted from the remittance amount.
Deposit to account - in the amount received by the bank	HK$0.42 or RMB 0.42 per transaction (depending on the currency of the deposit) if the deposit is below HK$10,000 or RMB via the Hong Kong FPS system (e.g. eDDA)
Check stops	HK$200 per transaction
Charges for bounced check processing	HK$200 per transaction

(6) Lending and other services

Items	Charges
Margin account debit and credit charges	RMB: 8.8% of the amount financed

Features of ZL Global Platform

As a trading platform for global investors, Huatai Securities ZL Global meets the needs of different types of investors with its convenient account opening process, stable trading system, low-cost strategies and diversified investment tools. The following are the core features of the platform:

• Support for A-share investors to open accounts directly, convenient operation.
• Stable trading software, providing real-time quotes and intelligent trading tools.
• Support for broken stock trading, reducing the investment threshold.
• 0 commission strategy, reducing long-term transaction costs.
• Provide financing and bond trading to meet the demand for leveraged investment.
• Hong Kong stocks new support for one-key subscription, improve the winning rate.

What kind of investors is ZL Global suitable for?

Suitable for the crowd

• A-share investors: investors who want to invest in popular Hong Kong and U.S. stocks such as Tencent, Ali, Jingdong, Meituan, Apple and Tesla.
• Short-term traders: using Hong Kong stock warrants, CBBCs, US stock options for short-term operations.
• ETF investors: Focus on index funds and sector ETFs for global asset allocation.
• Long-term investors: Utilize zero-commission strategy to reduce the cost of holding positions and make value investments.

Frequently Asked Questions (FAQ)

1. How to request a withdrawal?

• • The way to withdraw funds is as follows: Click the icon on the right side of the bottom of ZL Global or click the gray bar menu at the bottom (version 4.0) - “More” - select “Withdrawal” - select “Currency of withdrawal “Fill in the “transfer amount” and bank information - Click “Confirm”;

Warm tips:

1. The account holder of the bank account must have the same name as the securities account, does not support the withdrawal to a third party's bank account.
2. Only withdrawable funds can be applied for transfer.
3. The cut-off point for processing withdrawal requests is 11:00 on trading days. Any withdrawal instructions received after 11:00 and on non-trading days will be processed on the next working day. In the event of force majeure, such as the Hong Kong Observatory issuing Gale or Storm Signal No. 8 or Black Rainstorm Warning Signal, the processing of withdrawal instructions may be delayed until the next business day.

2. Are there any fees for withdrawals?

• • FPS withdrawal: 0 commission
  • Non-FPS withdrawal: Handling fee may be charged per transfer. Investors are responsible for the bank transfer and collection fees incurred for withdrawals, which will be deducted from the withdrawal. Handling fees vary according to different banks, the specific charges can be checked with the bank, Huatai Financial Holding (Hong Kong) will not charge extra. Warm reminder: ZL Global cooperative bank reservation business has been online, you can log in ZL Global, click on the upper left corner of the avatar - reservation for Hong Kong bank card page to make an appointment to apply.

Note: If the receiving bank is a local bank in Hong Kong (except Bank of China (Hong Kong) Limited and Standard Chartered Bank (Hong Kong) Limited) and accepts the FPS withdrawal method, the withdrawal amount is less than one million Hong Kong Dollars/RMB, it will be defaulted as FPS withdrawal; others are non-FPS withdrawal.

3. How to exchange currency?

• • You need to log in ZL Global - click the icon on the right side of the bottom or click the gray bar menu at the bottom (4.0 version) - click “More” - click “Exchange” - select the currency you need to Select the currency you need to exchange - enter the amount - click on the exchange immediately; the deadline for exchange is 16:00 on each trading day. Warm tips: The operation must be cleared (T+1) after the cash in to the account before it can be used for the next cash out. 4. Is there any handling fee for currency exchange?

4. Is there any handling fee for currency exchange?

• • In order to facilitate your investment in the target market, Huatai Financial Holding (Hong Kong) provides you with currency exchange services free of charge, you only need to bear the exchange rate difference charged by the bank. 5.

5. Is there a limit on the amount of funds that can be exchanged?

• • There is no limit on the cumulative amount. The amount of funds to be exchanged in a single transaction shall not exceed the equivalent of HK$50 million, and the amount of currency to be exchanged shall not be less than one currency unit (e.g. HK$1, US$1, etc.). If the single redemption amount is more than HKD 50 million, please call 4008818456 (Mainland), +85236586288 (Hong Kong) Customer Service Hotline to handle the case.

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