Introduction
Interest rate and the interest calculation in Grade-Based Margin financing is based on the stock ranking. There are 3 layers of outstanding based on stock quality and margin value* in Grade-Based Margin financing.
Higher proportion of blue chips in securities portfolio , lower interest rate it is. It is as low as 1.5% ! The calculation of interest rate is as follows:
Footnotes:
P refers to the Prime rate of Standard Chartered Bank.
1Other stock refers to all stocks that are not in Grade 1 Stock List.
Call for Deposit interest rate for Hong Kong Dollar (HKD) is 13.750% (P+8.500%) p.a.
For introduction and margin cost calculation, please click Graded-based Margin GOr margin rates of other currencies, please visitMargin Rates
* Negotiable interest rate for more sizable loan amount. Please contact 
or 

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.
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".
Introduction
The interest rate and the interest calculation in Professional Investor Grade-Based Margin (“PI GBM”) financing are calculated based on the grading of each stock in your portfolio.
By being a Professional Investor, you can join our Professional Investor Grade-Based (“PI GBM”) Financing.
Higher proportion of Grade 1 Stock in securities portfolio, lower interest rate!
The margin financing rate of the portion of the Grade 1 Stock holding over HKD $1,000,000 can be reduced to as low as 3%.
Complete the form and submit it to your account executive to register as a Professional Investor with us today.
The calculation of interest rate is as follows:

Example: Assume if a client has sufficient Grade 1 Stock margin value
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.
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".
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 |
17 |
HK |
NEW WORLD DEV |
0.8 |
19 |
HK |
SWIRE PACIFIC A |
0.8 |
23 |
HK |
BANK OF E ASIA |
0.7 |
27 |
HK |
GALAXY ENT |
0.6 |
66 |
HK |
MTR CORPORATION |
0.85 |
83 |
HK |
SINO LAND |
0.8 |
101 |
HK |
HANG LUNG PPT |
0.8 |
135 |
HK |
KUNLUN ENERGY |
0.7 |
144 |
HK |
CHINA MER PORT |
0.8 |
151 |
HK |
WANT WANT CHINA |
0.8 |
152 |
HK |
SHENZHEN INT'L |
0.6 |
165 |
HK |
CHINA EB LTD |
0.7 |
175 |
HK |
GEELY AUTO |
0.8 |
241 |
HK |
ALI HEALTH |
0.6 |
257 |
HK |
EB ENVIRONMENT |
0.7 |
267 |
HK |
CITIC |
0.8 |
270 |
HK |
GUANGDONG INV |
0.8 |
288 |
HK |
WH GROUP |
0.7 |
291 |
HK |
CHINA RES BEER |
0.7 |
322 |
HK |
TINGYI |
0.7 |
345 |
HK |
VITASOY INT'L |
0.6 |
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 |
425 |
HK |
MINTH GROUP |
0.4 |
486 |
HK |
RUSAL |
0.4 |
656 |
HK |
FOSUN INTL |
0.7 |
669 |
HK |
TECHTRONIC IND |
0.8 |
683 |
HK |
KERRY PPT |
0.7 |
688 |
HK |
CHINA OVERSEAS |
0.8 |
700 |
HK |
TENCENT |
0.8 |
728 |
HK |
CHINA TELECOM |
0.8 |
762 |
HK |
CHINA UNICOM |
0.8 |
772 |
HK |
CHINA LIT |
0.6 |
788 |
HK |
CHINA TOWER |
0.7 |
817 |
HK |
CHINA JINMAO |
0.3 |
823 |
HK |
LINK REIT |
0.8 |
836 |
HK |
CHINA RES POWER |
0.7 |
857 |
HK |
PETROCHINA |
0.8 |
868 |
HK |
XINYI GLASS |
0.6 |
880 |
HK |
SJM HOLDINGS |
0.6 |
881 |
HK |
ZHONGSHENG HLDG |
0.4 |
883 |
HK |
CNOOC |
0.8 |
884 |
HK |
CIFI HOLD GP |
0.2 |
939 |
HK |
CCB |
0.8 |
941 |
HK |
CHINA MOBILE |
0.8 |
960 |
HK |
LONGFOR GROUP |
0.4 |
966 |
HK |
CHINA TAIPING |
0.7 |
968 |
HK |
XINYI SOLAR |
0.4 |
981 |
HK |
SMIC |
0.4 |
992 |
HK |
LENOVO GROUP |
0.7 |
998 |
HK |
CITIC BANK |
0.6 |
1024 |
HK |
KUAISHOU-W |
0.7 |
1038 |
HK |
CKI HOLDINGS |
0.8 |
1044 |
HK |
HENGAN INT'L |
0.8 |
1066 |
HK |
WEIGAO GROUP |
0.4 |
1088 |
HK |
CHINA SHENHUA |
0.8 |
1093 |
HK |
CSPC PHARMA |
0.6 |
1099 |
HK |
SINOPHARM |
0.65 |
1109 |
HK |
CHINA RES LAND |
0.8 |
1113 |
HK |
CK ASSET |
0.8 |
1114 |
HK |
BRILLIANCE CHI |
0 |
1128 |
HK |
WYNN MACAU |
0.5 |
1169 |
HK |
HAIER ELEC |
0.6 |
1177 |
HK |
SINO BIOPHARM |
0.6 |
1193 |
HK |
CHINA RES GAS |
0.6 |
1211 |
HK |
BYD COMPANY |
0.7 |
1288 |
HK |
ABC |
0.8 |
1299 |
HK |
AIA |
0.8 |
1313 |
HK |
CHINARES CEMENT |
0.6 |
1336 |
HK |
NCI |
0.65 |
1339 |
HK |
PICC GROUP |
0.7 |
1398 |
HK |
ICBC |
0.8 |
1530 |
HK |
3SBIO |
0.5 |
1579 |
HK |
YIHAI INTL |
0.3 |
1658 |
HK |
PSBC |
0.7 |
1800 |
HK |
CHINA COMM CONS |
0.7 |
1801 |
HK |
INNOVENT BIO |
0.4 |
1810 |
HK |
XIAOMI-W |
0.8 |
1833 |
HK |
PA GOODDOCTOR |
0.5 |
1876 |
HK |
BUD APAC |
0.7 |
1913 |
HK |
PRADA |
0.5 |
1918 |
HK |
SUNAC |
0 |
1928 |
HK |
SANDS CHINA LTD |
0.6 |
1929 |
HK |
CHOW TAI FOOK |
0.7 |
1972 |
HK |
SWIREPROPERTIES |
0.7 |
1988 |
HK |
MINSHENG BANK |
0.3 |
1997 |
HK |
WHARF REIC |
0.8 |
2007 |
HK |
COUNTRY GARDEN |
0.2 |
2018 |
HK |
AAC TECH |
0.6 |
2020 |
HK |
ANTA SPORTS |
0.6 |
2057 |
HK |
ZTO EXPRESS-SW |
0.5 |
2269 |
HK |
WUXI BIO |
0.4 |
2282 |
HK |
MGM CHINA |
0.5 |
2313 |
HK |
SHENZHOU INTL |
0.6 |
2318 |
HK |
PING AN |
0.8 |
2319 |
HK |
MENGNIU DAIRY |
0.8 |
2328 |
HK |
PICC P&C |
0.65 |
2331 |
HK |
LI NING |
0.4 |
2382 |
HK |
SUNNY OPTICAL |
0.6 |
2388 |
HK |
BOC HONG KONG |
0.8 |
2601 |
HK |
CPIC |
0.7 |
2618 |
HK |
JD LOGISTICS |
0.6 |
2628 |
HK |
CHINA LIFE |
0.8 |
2638 |
HK |
HKELECTRIC-SS |
0.8 |
2688 |
HK |
ENN ENERGY |
0.7 |
2799 |
HK |
CHINA HUARONG |
0.2 |
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 |
2833 |
HK |
HS HSI ETF |
0.65 |
2839 |
HK |
CAM MSCI A50 |
0.8 |
2963 |
HK |
HONGGUANG L-5K |
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 |
3320 |
HK |
CHINARES PHARMA |
0.6 |
3323 |
HK |
CNBM |
0.65 |
3380 |
HK |
LOGAN GROUP |
0.3 |
3690 |
HK |
MEITUAN-W |
0.7 |
3692 |
HK |
HANSOH PHARMA |
0.5 |
3799 |
HK |
DALI FOODS |
0.3 |
3808 |
HK |
SINOTRUK |
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 |
6030 |
HK |
CITIC SEC |
0.7 |
6098 |
HK |
CG SERVICES |
0.4 |
6186 |
HK |
CHINA FEIHE |
0.3 |
6618 |
HK |
JD HEALTH |
0.7 |
6688 |
HK |
ANT GROUP (SUSPENDED) |
1 |
6808 |
HK |
SUNART RETAIL |
0.6 |
6823 |
HK |
HKT-SS |
0.7 |
6837 |
HK |
HAITONG SEC |
0.7 |
6862 |
HK |
HAIDILAO |
0.5 |
6969 |
HK |
SMOORE INTL |
0.2 |
9618 |
HK |
JD-SW |
0.8 |
9626 |
HK |
BILIBILI-SW |
0.6 |
9633 |
HK |
NONGFU SPRING |
0.6 |
9888 |
HK |
BIDU-SW |
0.7 |
9988 |
HK |
BABA-SW |
0.8 |
9999 |
HK |
NTES-S |
0.7 |
44025 |
HK |
HKGB SBOND 2312 |
0.97 |
44064 |
HK |
HKGB SBOND 2408 |
0.97 |
82828 |
HK |
HSCEI ETF-R |
0.7 |
82833 |
HK |
HS HSI ETF-R |
0.6 |
600000 |
CN |
SHANGHAI PUDONG DEVELOPMENT BANK |
0.7 |
600016 |
CN |
CHINA MINSHENG BANKING |
0.6 |
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 |
0.6 |
600276 |
CN |
JIANGSU HENGRUI MEDICINE |
0.5 |
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 |
0.6 |
601318 |
CN |
PING AN INSURANCE |
0.8 |
601328 |
CN |
BANK OF COMMUNICATIONS |
0.7 |
601398 |
CN |
INDUSTRIAL AND COMMERCIAL BANK OF CHINA |
0.8 |
601628 |
CN |
CHINA LIFE INSURANCE |
0.7 |
601668 |
CN |
CHINA STATE CONSTRUCTION ENGINEERING |
0.6 |
601857 |
CN |
PETROCHINA |
0.6 |
601988 |
CN |
BANK OF CHINA |
0.7 |
Please refer to footnote 1 and footnote 2.
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.
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”.
Examples
Interest is calculated on outstanding of clients' account and on daily basis. Example of Interest Calculation:
Case 1: Outstanding < Grade 1 Stock Margin Value |
Stock |
Market Value |
Margin Ratio |
Margin Value |
Total Outstanding |
Grade 1 Stock |
HK$ 125,000 |
0.8 |
HK$ 100,000 |
HK$ 80,000 |
Case 2: Outstanding>Grade 1 Stock Margin Value |
Stock |
Market Value |
Margin Ratio |
Margin Value |
Total Outstanding |
Grade 1 Stock |
HK$ 162,500 |
0.8 |
HK$ 130,000 |
HK$ 150,000 |
Other Stocks |
HK$ 120,000 |
0.5 |
HK$ 60,000 |
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.
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”.
FAQ
1. What is Grade-based margin interest plan?
Please refer to the introduction page of
Grade-based Margin Interest Plan.
The grade- based margin interest rate is adjusted and based on the Prime Rate of Standard Chartered Bank from time to time. For CNY and USD Margin Interest, please
click here
2. How to apply Grade-based margin interest plan instead of standard rate margin financing
Grade-based margin interest plan applies to all new margin accounts. Existing margin clients could apply the plan through their account executives or Customer Service Department, and do confirmation via POEMS pop-message after the application is approved.
2. The detail of Grade-based margin interest plan
Please refer to the introduction page of
Grade-based Margin Interest Plan.
The grade-based margin interest rate is adjusted and based on the Prime Rate of Standard Chartered Bank from time to time.
3. Terms and Conditions of Grade-based Margin Interest Plan:
- The promotion applies to all new margin client.
- For blue chips / Grade 1 stock list,the annual interest rate is 1.5% (P-3.75%) for the first HKD 30,000 financing.
- The annual interest rate for financing HKD 30,000 above is 4.75% (P-0.5%).
Click here for details of Grade-based Margin Interest Plan
*The grade-based margin interest rate is adjusted and is based on the HKD Prime Rate of Standard Chartered Bank from time to time.
*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.
Investment involves risks. Please refer to the Risk Disclosures Statement on our website at www.poems.com.hk.
You may contact our Customer Service Department at cs@phillip.com.hk or 2277 6555 to opt out of receiving marketing materials.
4. How to apply Grade-based margin interest plan instead of standard rate margin financing?
Grade-based margin interest plan applies to all new margin accounts. Existing margin clients could apply the plan through their account executives or Customer Service Department, and do confirmation via POEMS pop-message after the application is approved.
5. How to reduce cost with Graded-based Margin Intesterst Plan?
6. How does a client know that the application of Grade-based margin interest plan is approved?
Client will receive confirmation pop-up message while log in in online trading platform POEMS if their application of Grade-based margin interest plan is approved. Please contact Customer Service Department if there is no confirmation.
7. How to check Grade 1 stock list?
Please check
Grade 1 Stock list in POEMS website and it would be updated from time to time.
8. How to presume accrual interest before choosing any margin financing plan?
Please check accrual interest with your portfolio details by utilizing the
calculator provided.
9. If the stock held by the client is suspended, how would the stock value be calculated?
If the stock is suspended, the stock will have no market value. There would be a margin call for deposit.
10. If outstanding excess loan limit, is there any margin call?
No, margin call would occur only if outstanding excess margin value.
11.What kind of client is suitable for Grade-based margin interest plan ?
The plan is suitable for client holding blue-chips portfolio and one's Phillip account with no margin call.
12. Do both parties of joint account need to sign on opt-in form for joining Grade-based margin interest plan?
Yes, both parties of joint account need to sign on opt-in form for joining Grade-based margin interest plan.
13. Could authorized person represent their own client to sign opt-in form to go for Grade-based margin interest plan?
No, the opt-in form must be signed by client.
14. Would Grade-based margin interest plan affect the purchase power of client?
No.
15. How to check the blend interest rate of one's account on the day?
Interest rate would be shown in the end of the month in monthly e-statement.
16. What rate of overdraft (Financing without margin value) is under the Graded-based Margin Interest Plan?
13.75% (P+8.5%)
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%.
17.Page of Graded-based Margin Interest Plan
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.
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”.

Click in for calculator
Graded-Based Margin Interest Plan before 19 April 2022:
