*Negotiable interest rate for sizable loan amount.

The lowest margin interest rate of HK Stock: 4.875% (P-0.5%)

All of the following stock margin ratio is only for reference, which is subjected to change as determined by both the market and specific company factor. We deserve the right to provide a different ratio to client based on his account situation.

Phillip Securities (HK) Ltd - Stock Margin Ratio(Effective from October 31, 2025)

CNY Margin Interest Rate：4.88%

USD Margin Rate 5.5%

Grade 1 HK-listed Stock and A-share List

Stock Code	Market	Stock Name	Margin Ratio
1	HK	CKH HOLDINGS	0.8
2	HK	CLP HOLDINGS	0.85
3	HK	HK & CHINA GAS	0.85
4	HK	WHARF HOLDINGS	0.7
5	HK	HSBC HOLDINGS	0.8
6	HK	POWER ASSETS	0.85
11	HK	HANG SENG BANK	0.85
12	HK	HENDERSON LAND	0.8
16	HK	SHK PPT	0.8
20	HK	SENSETIME-W	0.6
23	HK	BANK OF E ASIA	0.7
27	HK	GALAXY ENT	0.7
66	HK	MTR CORPORATION	0.85
83	HK	SINO LAND	0.8
101	HK	HANG LUNG PPT	0.8
123	HK	YUEXIU PROPERTY	0.6
135	HK	KUNLUN ENERGY	0.7
144	HK	CHINA MER PORT	0.8
151	HK	WANT WANT CHINA	0.8
168	HK	TSINGTAO BREW	0.6
175	HK	GEELY AUTO	0.8
241	HK	ALI HEALTH	0.6
257	HK	EB ENVIRONMENT	0.7
267	HK	CITIC	0.8
268	HK	KINGDEE INT'L	0.6
270	HK	GUANGDONG INV	0.7
285	HK	BYD ELECTRONIC	0.6
288	HK	WH GROUP	0.7
291	HK	CHINA RES BEER	0.7
300	HK	MIDEA GROUP	0.7
316	HK	OOIL	0.6
322	HK	TINGYI	0.7
371	HK	BJ ENT WATER	0.7
384	HK	CHINA GAS HOLD	0.7
386	HK	SINOPEC CORP	0.8
388	HK	HKEX	0.8
392	HK	BEIJING ENT	0.8
412	HK	SDHG	0.2
570	HK	TRAD CHI MED	0.6
669	HK	TECHTRONIC IND	0.8
688	HK	CHINA OVERSEAS	0.8
700	HK	TENCENT	0.8
728	HK	CHINA TELECOM	0.8
762	HK	CHINA UNICOM	0.8
780	HK	TONGCHENGTRAVEL	0.6
788	HK	CHINA TOWER	0.7
823	HK	LINK REIT	0.8
836	HK	CHINA RES POWER	0.7
857	HK	PETROCHINA	0.8
868	HK	XINYI GLASS	0.7
881	HK	ZHONGSHENG HLDG	0.6
883	HK	CNOOC	0.8
914	HK	CONCH CEMENT	0.7
939	HK	CCB	0.8
941	HK	CHINA MOBILE	0.8
960	HK	LONGFOR GROUP	0.6
966	HK	CHINA TAIPING	0.7
968	HK	XINYI SOLAR	0.8
981	HK	SMIC	0.7
992	HK	LENOVO GROUP	0.8
998	HK	CITIC BANK	0.8
1024	HK	KUAISHOU-W	0.7
1038	HK	CKI HOLDINGS	0.8
1044	HK	HENGAN INT'L	0.8
1088	HK	CHINA SHENHUA	0.8
1093	HK	CSPC PHARMA	0.6
1099	HK	SINOPHARM	0.7
1109	HK	CHINA RES LAND	0.8
1113	HK	CK ASSET	0.8
1114	HK	BRILLIANCE CHI	0.7
1171	HK	YANKUANG ENERGY	0.7
1177	HK	SINO BIOPHARM	0.6
1179	HK	HWORLD-S	0.4
1193	HK	CHINA RES GAS	0.6
1209	HK	CHINA RES MIXC	0.6
1211	HK	BYD COMPANY	0.8
1288	HK	ABC	0.8
1299	HK	AIA	0.8
1378	HK	CHINAHONGQIAO	0.7
1398	HK	ICBC	0.8
1519	HK	J&T EXPRESS-W	0.4
1585	HK	YADEA	0.5
1658	HK	PSBC	0.7
1698	HK	TME-SW	0.5
1801	HK	INNOVENT BIO	0.4
1810	HK	XIAOMI-W	0.8
1876	HK	BUD APAC	0.7
1898	HK	CHINA COAL	0.6
1913	HK	PRADA	0.6
1919	HK	COSCO SHIP HOLD	0.6
1928	HK	SANDS CHINA LTD	0.6
1929	HK	CHOW TAI FOOK	0.7
1972	HK	SWIREPROPERTIES	0.7
1997	HK	WHARF REIC	0.7
2015	HK	LI AUTO-W	0.6
2020	HK	ANTA SPORTS	0.8
2057	HK	ZTO EXPRESS-W	0.7
2269	HK	WUXI BIO	0.6
2313	HK	SHENZHOU INTL	0.7
2318	HK	PING AN	0.8
2319	HK	MENGNIU DAIRY	0.8
2328	HK	PICC P&C	0.7
2331	HK	LI NING	0.7
2333	HK	GWMOTOR	0.7
2359	HK	WUXI APPTEC	0.6
2367	HK	GIANT BIOGENE	0.4
2378	HK	PRU	0.6
2380	HK	CHINA POWER	0.6
2382	HK	SUNNY OPTICAL	0.7
2388	HK	BOC HONG KONG	0.8
2423	HK	BEKE-W	0.3
2601	HK	CPIC	0.7
2618	HK	JD LOGISTICS	0.6
2628	HK	CHINA LIFE	0.8
2638	HK	HKELECTRIC-SS	0.8
2669	HK	CHINA OVS PPT	0.6
2688	HK	ENN ENERGY	0.7
2800	HK	TRACKER FUND	0.8
2822	HK	CSOP A50 ETF	0.8
2823	HK	ISHARES A50	0.8
2828	HK	HSCEI ETF	0.8
2839	HK	CAM MSCI A50	0.8
2888	HK	STANCHART	0.7
2899	HK	ZIJIN MINING	0.6
3032	HK	HSTECH ETF	0.7
3033	HK	CSOP HS TECH	0.7
3067	HK	ISHARESHSTECH	0.7
3088	HK	CAM HS TECH	0.7
3188	HK	CAM CSI300	0.8
3311	HK	CHINA STATE CON	0.7
3320	HK	CHINARES PHARMA	0.6
3328	HK	BANKCOMM	0.8
3690	HK	MEITUAN-W	0.8
3692	HK	HANSOH PHARMA	0.5
3800	HK	GCL TECH	0.7
3808	HK	SINOTRUK	0.6
3888	HK	KINGSOFT	0.6
3968	HK	CM BANK	0.8
3988	HK	BANK OF CHINA	0.8
4239	HK	HKGB IBOND 2311	0.97
4246	HK	HKGB IBOND 2406	0.97
4252	HK	HKGB RGB 2505	0.97
4273	HK	HKGB RGB 2610	0.97
6030	HK	CITIC SEC	0.7
6160	HK	BEONE MEDICINES	0.6
6186	HK	CHINA FEIHE	0.5
6618	HK	JD HEALTH	0.7
6690	HK	HAIER SMARTHOME	0.7
6823	HK	HKT-SS	0.7
6862	HK	HAIDILAO	0.6
6969	HK	SMOORE INTL	0.5
9618	HK	JD-SW	0.8
9626	HK	BILIBILI-W	0.6
9633	HK	NONGFU SPRING	0.7
9863	HK	LEAPMOTOR	0.3
9866	HK	NIO-SW	0.6
9868	HK	XPENG-W	0.6
9888	HK	BIDU-SW	0.7
9896	HK	MNSO	0.2
9901	HK	NEW ORIENTAL-S	0.3
9926	HK	AKESO	0.3
9961	HK	TRIP.COM-S	0.7
9987	HK	YUM CHINA	0.6
9988	HK	BABA-W	0.8
9992	HK	POP MART	0.4
9999	HK	NTES-S	0.7
44007	HK	HKGB SBOND 2509	0.97
44025	HK	HKGB SBOND 2312	0.97
44030	HK	HKGB SBOND 2608	0.97
44064	HK	HKGB SBOND 2408	0.97
44070	HK	HKGB SBOND 2710	0.97
44078	HK	HKGB SBOND 2810	0.97
80011	HK	HANGSENG BANK-R	0.85
80016	HK	SHK PPT-R	0.8
80020	HK	SENSETIME-WR	0.6
80175	HK	GEELY AUTO-R	0.8
80291	HK	CHINARES BEER-R	0.7
80388	HK	HKEX-R	0.8
80700	HK	TENCENT-R	0.8
80883	HK	CNOOC-R	0.8
80941	HK	CHINA MOBILE-R	0.8
80992	HK	LENOVO GROUP-R	0.7
81024	HK	KUAISHOU-WR	0.6
81211	HK	BYD COMPANY-R	0.8
81299	HK	AIA-R	0.8
81810	HK	XIAOMI-WR	0.8
82020	HK	ANTA SPORTS-R	0.8
82318	HK	PING AN-R	0.8
82331	HK	LI NING-R	0.7
82333	HK	GWMOTOR-R	0.7
82388	HK	BOC HONG KONG-R	0.8
82800	HK	TRACKER FUND-R	0.8
82822	HK	CSOP A50 ETF-R	0.8
82823	HK	ISHARES A50-R	0.8
82828	HK	HSCEI ETF-R	0.8
82839	HK	CAM MSCI A50-R	0.8
83188	HK	CAM CSI300-R	0.8
83690	HK	MEITUAN-WR	0.7
86618	HK	JD HEALTH-R	0.7
89618	HK	JD-SWR	0.8
89888	HK	BIDU-SWR	0.7
89988	HK	BABA-WR	0.8
600000	CN	SHANGHAI PUDONG DEVELOPMENT BANK	0.7
600016	CN	CHINA MINSHENG BANKING	0.5
600028	CN	CHINA PETROLEUM AND CHEMICAL	0.7
600030	CN	CITIC SECURITIES	0.6
600036	CN	CHINA MERCHANTS BANK	0.7
600048	CN	POLY DEVELOPMENTS AND HOLDINGS GROUP	0.5
600104	CN	SAIC MOTOR	0.7
600276	CN	JIANGSU HENGRUI MEDICINE	0.6
600519	CN	KWEICHOW MOUTAI	0.7
600585	CN	ANHUI CONCH CEMENT	0.6
601088	CN	CHINA SHENHUA ENERGY	0.7
601166	CN	INDUSTRIAL BANK	0.7
601288	CN	AGRICULTURAL BANK OF CHINA	0.7
601318	CN	PING AN INSURANCE	0.7
601328	CN	BANK OF COMMUNICATIONS	0.7
601398	CN	INDUSTRIAL AND COMMERCIAL BANK OF CHINA	0.7
601628	CN	CHINA LIFE INSURANCE	0.7
601668	CN	CHINA STATE CONSTRUCTION ENGINEERING	0.7
601857	CN	PETROCHINA	0.7
601988	CN	BANK OF CHINA	0.7

Please refer to footnote 1 and footnote 2.

Grade 1 US-listed Stock List

Tickers	Bloomberg Ticker	Name	MR
MSFT	MSFT US EQUITY	MICROSOFT CORP	0.8
NVDA	NVDA US EQUITY	NVIDIA CORP	0.7
AAPL	AAPL US EQUITY	APPLE INC	0.8
AMZN	AMZN US EQUITY	AMAZON.COM INC	0.8
GOOG	GOOG US EQUITY	ALPHABET INC-CL C	0.8
GOOGL	GOOGL US EQUITY	ALPHABET INC-CL A	0.8
META	META US EQUITY	META PLATFORMS INC-CLASS A	0.8
AVGO	AVGO US EQUITY	BROADCOM INC	0.7
BRK.B	BRK/B US EQUITY	BERKSHIRE HATHAWAY INC-CL B	0.7
TSLA	TSLA US EQUITY	TESLA INC	0.6
WMT	WMT US EQUITY	WALMART INC	0.8
JPM	JPM US EQUITY	JPMORGAN CHASE & CO	0.7
LLY	LLY US EQUITY	ELI LILLY & CO	0.6
V	V US EQUITY	VISA INC-CLASS A SHARES	0.8
ORCL	ORCL US EQUITY	ORACLE CORP	0.7
NFLX	NFLX US EQUITY	NETFLIX INC	0.6
MA	MA US EQUITY	MASTERCARD INC - A	0.6
XOM	XOM US EQUITY	EXXON MOBIL CORP	0.7
COST	COST US EQUITY	COSTCO WHOLESALE CORP	0.7
JNJ	JNJ US EQUITY	JOHNSON & JOHNSON	0.7
PG	PG US EQUITY	PROCTER & GAMBLE CO/THE	0.8
HD	HD US EQUITY	HOME DEPOT INC	0.7
ABBV	ABBV US EQUITY	ABBVIE INC	0.6
BAC	BAC US EQUITY	BANK OF AMERICA CORP	0.7
PLTR	PLTR US EQUITY	PALANTIR TECHNOLOGIES INC-A	0.6
KO	KO US EQUITY	COCA-COLA CO/THE	0.7
PM	PM US EQUITY	PHILIP MORRIS INTERNATIONAL	0.7
UNH	UNH US EQUITY	UNITEDHEALTH GROUP INC	0.8
TMUS	TMUS US EQUITY	T-MOBILE US INC	0.7
IBM	IBM US EQUITY	INTL BUSINESS MACHINES CORP	0.7
CSCO	CSCO US EQUITY	CISCO SYSTEMS INC	0.7
CVX	CVX US EQUITY	CHEVRON CORP	0.7
GE	GE US EQUITY	GENERAL ELECTRIC	0.7
CRM	CRM US EQUITY	SALESFORCE INC	0.7
ABT	ABT US EQUITY	ABBOTT LABORATORIES	0.7
WFC	WFC US EQUITY	WELLS FARGO & CO	0.7
LIN	LIN US EQUITY	LINDE PLC	0.7
MCD	MCD US EQUITY	MCDONALD'S CORP	0.7
DIS	DIS US EQUITY	WALT DISNEY CO/THE	0.7
INTU	INTU US EQUITY	INTUIT INC	0.7
MS	MS US EQUITY	MORGAN STANLEY	0.7
MRK	MRK US EQUITY	MERCK & CO. INC.	0.7
NOW	NOW US EQUITY	SERVICENOW INC	0.6
T	T US EQUITY	AT&T INC	0.7
AXP	AXP US EQUITY	AMERICAN EXPRESS CO	0.7
ACN	ACN US EQUITY	ACCENTURE PLC-CL A	0.7
RTX	RTX US EQUITY	RTX CORP	0.7
AMD	AMD US EQUITY	ADVANCED MICRO DEVICES	0.7
GS	GS US EQUITY	GOLDMAN SACHS GROUP INC	0.7
ISRG	ISRG US EQUITY	INTUITIVE SURGICAL INC	0.7
VZ	VZ US EQUITY	VERIZON COMMUNICATIONS INC	0.7
PEP	PEP US EQUITY	PEPSICO INC	0.6
TXN	TXN US EQUITY	TEXAS INSTRUMENTS INC	0.7
UBER	UBER US EQUITY	UBER TECHNOLOGIES INC	0.6
BKNG	BKNG US EQUITY	BOOKING HOLDINGS INC	0.6
QCOM	QCOM US EQUITY	QUALCOMM INC	0.7
CAT	CAT US EQUITY	CATERPILLAR INC	0.7
ADBE	ADBE US EQUITY	ADOBE INC	0.7
AMGN	AMGN US EQUITY	AMGEN INC	0.7
SCHW	SCHW US EQUITY	SCHWAB (CHARLES) CORP	0.7
PGR	PGR US EQUITY	PROGRESSIVE CORP	0.7
NEE	NEE US EQUITY	NEXTERA ENERGY INC	0.7
SPGI	SPGI US EQUITY	S&P GLOBAL INC	0.7
TMO	TMO US EQUITY	THERMO FISHER SCIENTIFIC INC	0.7
BA	BA US EQUITY	BOEING CO/THE	0.6
BLK	BLK US EQUITY	BLACKROCK INC	0.7
BSX	BSX US EQUITY	BOSTON SCIENTIFIC CORP	0.7
HON	HON US EQUITY	HONEYWELL INTERNATIONAL INC	0.7
SYK	SYK US EQUITY	STRYKER CORP	0.7
DHR	DHR US EQUITY	DANAHER CORP	0.7
C	C US EQUITY	CITIGROUP INC	0.6
PFE	PFE US EQUITY	PFIZER INC	0.7
TJX	TJX US EQUITY	TJX COMPANIES INC	0.7
DE	DE US EQUITY	DEERE & CO	0.6
AMAT	AMAT US EQUITY	APPLIED MATERIALS INC	0.7
GILD	GILD US EQUITY	GILEAD SCIENCES INC	0.7
UNP	UNP US EQUITY	UNION PACIFIC CORP	0.7
PANW	PANW US EQUITY	PALO ALTO NETWORKS INC	0.5
CMCSA	CMCSA US EQUITY	COMCAST CORP-CLASS A	0.7
GEV	GEV US EQUITY	GE VERNOVA INC	0.7
MU	MU US EQUITY	MICRON TECHNOLOGY INC	0.7
ETN	ETN US EQUITY	EATON CORP PLC	0.7
ADP	ADP US EQUITY	AUTOMATIC DATA PROCESSING	0.7
COF	COF US EQUITY	CAPITAL ONE FINANCIAL CORP	0.7
COP	COP US EQUITY	CONOCOPHILLIPS	0.7
LOW	LOW US EQUITY	LOWE'S COS INC	0.7
CRWD	CRWD US EQUITY	CROWDSTRIKE HOLDINGS INC - A	0.6
VRTX	VRTX US EQUITY	VERTEX PHARMACEUTICALS INC	0.7
ANET	ANET US EQUITY	ARISTA NETWORKS INC	0.7
CB	CB US EQUITY	CHUBB LTD	0.7
KLAC	KLAC US EQUITY	KLA CORP	0.7
LRCX	LRCX US EQUITY	LAM RESEARCH CORP	0.7
LMT	LMT US EQUITY	LOCKHEED MARTIN CORP	0.7
APH	APH US EQUITY	AMPHENOL CORP-CL A	0.7
MDT	MDT US EQUITY	MEDTRONIC PLC	0.7
ADI	ADI US EQUITY	ANALOG DEVICES INC	0.7
KKR	KKR US EQUITY	KKR & CO INC	0.7
MMC	MMC US EQUITY	MARSH & MCLENNAN COS	0.7
SBUX	SBUX US EQUITY	STARBUCKS CORP	0.7
BX	BX US EQUITY	BLACKSTONE INC	0.7
AAPD	AAPD US EQUITY	DIREXION DAILY AAPL BEAR 1X	0.8
AGG	AGG US EQUITY	ISHARES CORE U.S. AGGREGATE	0.8
AMZD	AMZD US EQUITY	DRX DLY AMZN BEAR 1X	0.8
BABA	BABA US EQUITY	ALIBABA GROUP HOLDING-SP ADR	0.8
BIL	BIL US EQUITY	SPDR BLOOMBERG 1-3 MONTH T-B	0.8
DIA	DIA US EQUITY	SPDR DJIA TRUST	0.8
EDV	EDV US EQUITY	VANGUARD EXTENDED DUR TREAS	0.8
FLOT	FLOT US EQUITY	ISHARES FLOATING RATE BOND E	0.8
GGLS	GGLS US EQUITY	DIREXION DAILY GOOGL BEAR 1X	0.8
GOVT	GOVT US EQUITY	ISHARES US TREASURY BOND ETF	0.8
HSBC	HSBC US EQUITY	HSBC HOLDINGS PLC-SPONS ADR	0.8
IEF	IEF US EQUITY	ISHARES 7-10 YEAR TREASURY B	0.8
IEI	IEI US EQUITY	ISHARES 3-7 YEAR TREASURY BO	0.8
IVV	IVV US EQUITY	ISHARES CORE S&P 500 ETF	0.8
IWM	IWM US EQUITY	ISHARES RUSSELL 2000 ETF	0.8
METD	METD US EQUITY	DIREX DAILY META BEAR 1X SHS	0.8
MSFD	MSFD US EQUITY	DIREXION DAILY MSFT BEAR 1X	0.8
NEAR	NEAR US EQUITY	ISHARES SH DBA ETF USD INC	0.8
PSQ	PSQ US EQUITY	PROSHARES SHORT QQQ	0.8
QQQ	QQQ US EQUITY	INVESCO QQQ TRUST SERIES 1	0.8
RWM	RWM US EQUITY	PROSHARES SHORT RUSSELL2000	0.8
SCHO	SCHO US EQUITY	SCHWAB SHORT-TERM US TREAS	0.8
SCHR	SCHR US EQUITY	SCHWAB INTERMEDIATE-TERM US	0.8
SGOV	SGOV US EQUITY	ISHARES 0-3 MONTH TREASURY B	0.8
SH	SH US EQUITY	PROSHARES SHORT S&P500	0.8
SHV	SHV US EQUITY	ISHARES SHORT TREASURY BOND	0.8
SHY	SHY US EQUITY	ISHARES 1-3 YEAR TREASURY BO	0.8
SPTL	SPTL US EQUITY	SPDR PORT LNG TRM TRSRY	0.8
SPY	SPY US EQUITY	SPDR S&P 500 ETF TRUST	0.8
STIP	STIP US EQUITY	ISHARES 0-5 YEAR TIPS BOND E	0.8
TBLL	TBLL US EQUITY	INVESCO SHORT TERM TREASURY	0.8
TIP	TIP US EQUITY	ISHARES TIPS BOND ETF	0.8
TLH	TLH US EQUITY	ISHARES 10-20 YEAR TREASURY	0.8
TLT	TLT US EQUITY	ISHARES 20+ YEAR TREASURY BD	0.8
TLTW	TLTW US EQUITY	ISHARES 20+ BOND BUYWRITE	0.8
VCLT	VCLT US EQUITY	VANGUARD LONG-TERM CORP BOND	0.8
VGIT	VGIT US EQUITY	VANGUARD INTERMEDIATE-TERM T	0.8
VGLT	VGLT US EQUITY	VANGUARD LONG-TERM TREASURY	0.8
VGSH	VGSH US EQUITY	VANGUARD SHORT-TERM TREASURY	0.8
VOO	VOO US EQUITY	VANGUARD S&P 500 ETF	0.8
VTIP	VTIP US EQUITY	VANGUARD SHORT-TERM TIPS	0.8
PDD	PDD US EQUITY	PDD HOLDINGS INC	0.7
SMCI	SMCI US EQUITY	SUPER MICRO COMPUTER INC	0.2
TSM	TSM US EQUITY	TAIWAN SEMICONDUCTOR-SP ADR	0.7
INTC	INTC US EQUITY	INTEL CORP	0.7
XPEV	XPEV US EQUITY	XPENG INC - ADR	0.3
GLD	GLD US EQUITY	SPDR GOLD SHARES	0.7
COIN	COIN US EQUITY	COINBASE GLOBAL INC -CLASS A	0.4
VT	VT US EQUITY	VANGUARD TOT WORLD STK ETF	0.5
JD	JD US EQUITY	JD.COM INC-ADR	0.7
BRK.A	BRK/A US EQUITY	BERKSHIRE HATHAWAY INC-CL A	0.7
PYPL	PYPL US EQUITY	PAYPAL HOLDINGS INC	0.7
MSTR	MSTR US EQUITY	MICROSTRATEGY INC-CL A	0.3
IAU	IAU US EQUITY	ISHARES GOLD TRUST	0.5

List of Grade 1 Unit Trust

代號 Code	名稱 Fund Name	按揭比率 Margin Ratio
601028	AB FCP I American Income Portfolio (AA MDis) HKD CASH	0.80
340200	Principal Global Investors Funds-Preferred Securities Fund (A Acc) USD	0.70
380410	JPMorgan Global Government Bond Fund (A Acc) H-USD *	0.70
601052	AB FCP I Short Duration Bond Portfolio (A2 Cap) EUR	0.70
340180	Principal Life Style Fund-Principal Hong Kong Bond Fund (Retail Acc) HKD	0.70
320160	BOCHK Global Bond Fund (A Acc) USD	0.70
601051	AB FCP I Short Duration Bond Portfolio (A2 Cap) H-EUR	0.70
601027	AB FCP I American Income Portfolio (AA MDis) HKD	0.70
380500	JPMorgan Emerging Markets Debt Fund (A Mth) USD CASH	0.70
30680	Allianz US Short Duration High Income Bond Fund (AM MDis) USD	0.70
340190	Principal Global Investors Funds-Preferred Securities Fund (A QInc) USD	0.70
340195	Principal Global Investors Funds-Preferred Securities Fund (A QInc) USD CASH	0.70
601022	AB FCP I American Income Portfolio (A2 Cap) EUR	0.60
601062	AB FCP I Global High Yield Portfolio (A2 Cap) EUR	0.60
601020	AB FCP I American Income Portfolio (A2 Cap) USD	0.60
10290	Aberdeen Standard SICAV I Select Euro High Yield Bond Fund (A Acc) Hedged USD	0.60
40060	First Sentier Asian Quality Bond Fund (I Acc) USD	0.60
601060	AB FCP I Global High Yield Portfolio (A2 Cap) USD	0.60
10150	Aberdeen Standard SICAV I Select Emerging Markets Bond Fund (A Acc) USD	0.60
601021	AB FCP I American Income Portfolio (A2 Cap) H-EUR	0.60
10100	Aberdeen Standard SICAV I Select Euro High Yield Bond Fund (A Acc) EUR	0.60
601061	AB FCP I Global High Yield Portfolio (A2 Cap) H-EUR	0.60
30520	Allianz US High Yield Fund (AT Acc) HKD	0.60
10040	Aberdeen Standard SICAV I Asian Local Currency Short Term Bond Fund (A Acc) USD	0.60
50031	Franklin Floating Rate Fund Plc (A Acc) USD	0.60
30650	Allianz Dynamic Asian High Yield Bond Fund (AMg MDis) USD	0.60
30655	Allianz Dynamic Asian High Yield Bond Fund (AMg MDis) USD CASH	0.60
30640	Allianz Dynamic Asian High Yield Bond Fund (AMg MDis) HKD	0.60
30645	Allianz Dynamic Asian High Yield Bond Fund (AMg MDis) HKD CASH	0.60
30590	Allianz Preferred Securities and Income (AM MDis) H2-RMB CASH	0.60
30630	Allianz Preferred Securities and Income (AM Mdis) H2-RMB	0.60
30430	Allianz US High Yield Fund (AM MDis) HKD	0.60
30435	Allianz US High Yield Fund (AM MDis) HKD CASH	0.60
30445	Allianz US High Yield Fund (AM MDis) USD	0.60
210130	Barings Developed and Emerging Markets High Yield Bond Fund (A QInc) USD	0.60
380520	JPMorgan Global High Yield Bond Fund (A Mth) USD	0.60
30670	Allianz US High Yield Fund (AM MDis) H2-CAD	0.60
30440	Allianz US High Yield Fund (AM MDis) H2-AUD	0.60
50030	Franklin Floating Rate Fund Plc (A MDis) USD	0.60
50050	Franklin High Yield Fund (A MDis) USD	0.60
50055	Franklin High Yield Fund (A MDis) USD CASH	0.60
601025	AB FCP I American Income Portfolio (AT MDis) HKD	0.60
601026	AB FCP I American Income Portfolio (AT MDis) HKD CASH	0.60
601023	AB FCP I American Income Portfolio (AT MDis) USD	0.60
601024	AB FCP I American Income Portfolio (AT MDis) USD CASH	0.60
30460	Allianz Flexi Asia Bond Fund (AM MDis) USD	0.60
30465	Allianz Flexi Asia Bond Fund (AM MDis) HKD	0.60
390010	Ping An of China SIF-RMB Bond Fund (A HYInc) RMB	0.60
390015	Ping An of China SIF-RMB Bond Fund (A HYInc) RMB CASH	0.60
380530	JPMorgan Emerging Markets Investment Grade Bond (A Mth) USD	0.60
380535	JPMorgan Emerging Markets Investment Grade Bond (A Mth) USD CASH	0.60
10140	Aberdeen Standard SICAV I Select Emerging Markets Bond Fund (A MInc) USD	0.60

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2:：The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Bond Department

Enjoy the interest rate as low as 2.88% p.a. *of bond financing. Margin ratio is up to 70%.

Please contact your account executive or contact:

Bond

Tel : (852) 2277 6662

E-mail : bonds@phillip.com.hk

Unit Trust Department

Enjoy the interest rate as low as 2.88% p.a. * of UT financing. Margin ratio is up to 80%.

Please contact your account executive or contact:

Unit Trust and Monthly Saving Plan

Tel : (852) 2277 6777

Fax : (852) 2287 4554

E-mail : ut@phillip.com.hk

*Annual interest rate is for your reference only. The final interest rate offered is based on the vetting and approval criteriaof the company.

Margin ratio is for your reference only. The company reserves the right to adjust margin ratio based on the account status of individual customers. In addition, the company will also make adjustments at any time according to the conditions of market and particular listed companies.

Margin financing is a credit facility for investors with insufficient fund to borrow money from a brokerage to purchase securities. Margin refers to the portion of the purchase cost that investor deposit in their brokerage account, so the investors hold stocks with a smaller amount of principal.

Position refers to the securities held in your margin account as collateral, which determines loan amount could be raised by the margin value or collateral value of securities assets. The margin value will decrease due to the stock market downward and the downward adjustment margin ratio. If the value of the securities held on the margin account falls below a pre-specified lending ratio, the brokerage may margin call for further collateral, i.e. cash as deposit to maintain the position.

Although margin financing may increase one’s purchasing power and magnify the returns on one’s investment, it may potentially incur higher losses. If the market value of the securities held on your account have fallen below the specified lending ratio, the brokerage may raise the collateral in your account. Otherwise, it will trigger forced liquidation to cover the margin loans.

"lending/collateral/margin ratio" is for reference only. The company reserves the right to adjust margin ratio based on the account status of individual customers. In addition, the company will also make adjustments at any time according to the conditions of market and particular listed companies.

Margin Requirement	15%	20%	30%	50%	100%
Margin Ratio / Collateral value	85%	80%	70%	50%	0%
Enlarged purchase power/Gearing	6.6x	5 x	3.3 x	2.0 x	N/A

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

Disclaimer

The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with the Company. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. You may be called upon at short notice to make additional margin deposits or interest payments.
If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. You should closely monitor your positions, as in some market conditions we may be unable to contact you or provide you with sufficient time to make the required deposits, and forced liquidation may be necessary. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives.

Phillip Securities (HK) Ltd - Stock Margin Ratio(Effective from October 31, 2025)

Grade 1 HK-listed Stock and A-share List

Grade 1 US-listed Stock List

List of Grade 1 Unit Trust

Bond Department

Unit Trust Department

Contact Us

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Investor Notes