Flexible and convenient monthly investment
Build your investment portfolio through the HSBC monthly investment plan, and benefit from regular contributions, enjoy the opportunity of lower average cost over time as well as the potential growth of your shares.
Stocks Monthly Investment Plan (SMIP) Promotional Offer
Until further notice, existing SMIP or set up a new SMIP through any channel can enjoy Brokerage Fee Waiver Offer.Learn more about the related Terms and conditions. [PDF]
Next Steps
Set up a Stocks Monthly Investment Plan through HSBC Personal Internet Banking
HSBC Personal Internet Banking Users
Important notice: From mid-July 2018, we will be sending notification to you on execution of trades you conduct online or via our mobile apps. Please ensure that you have provided us with a valid mobile phone number to receive such notification via SMS, or you will not be able to trade online or via our mobile apps after mid-July. You can update your mobile phone number via Personal Internet Banking or any HSBC branches in HK. View
for details.
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Why Stocks Monthly Investment Plan (SMIP)?
Affordable
Buy top Hong Kong listed stocks and funds for as little as HKD1,000 per month
Even out Market Volatility
With Dollar Cost Averaging, you can buy shares close to their average price over the period and worry less about market timing.
Flexible
Increase, decrease or redirect monthly investment and sell your shares at anytime
How to use/get started with HSBC?
How does SMIP work?
- The Cut-off Date of SMIP is on the 7th calendar date of each month (23:59 HK time) including Saturday, Sunday or a Hong Kong public holiday. Customers should submit their instruction to setup a new SMIP, amend or terminate an existing SMIP on or before the Cut-off Date of each month.
- Customers should ensure their designated cash account has sufficient available funds to cover the gross monthly investment contribution of their existing SMIP from the first business day after the Cut-off Date until 2 business days after the stock is purchased.
- On the second business day after the Cut-off Date, HSBC will confirm whether customers’ designated cash account has sufficient funds before arranging the purchasing order to buy the stocks.
- On the third trading day after the Cut-off Date (Transaction Date), HSBC will purchase stocks on behalf of all SMIP customers at the prevailing market price.
- On the second business day after Transaction Date (Settlement Date), the actual settlement amount of stocks purchased will be debited from customers’ designated cash account and the average purchase price for all stock purchases will be used as the settlement price as well as to calculate fees and charges
- Purchased stocks will be deposited into customers’ investment services or securities account on the settlement date (i.e. the second business day after the Transaction Date)
How much does it cost?
| Items |
Fees |
|---|---|
| Brokerage fee |
Waived1 |
| Plan amendment/termination handling fee |
Waived |
1Until further notice, existing SMIP or set up a new SMIP through any channel can enjoy Perpetual Brokerage Fee Waiver Offer, inclusive of standard brokerage fee of 0.25% and all transaction related charges: stamp duty, SFC transaction levy, AFRC transaction levy, HKEx trading fee, deposit transaction charge and Central Clearing and Settlement System fee.
Other securities services charges may be levied on investment services account / securities account.
Additional information
Eligible stock list for SMIP
Choose from the following Hong Kong listed stocks, as well as the Tracker Fund of Hong Kong and ABF Hong Kong Bond Index Fund.
You can use your savings or current accounts for the monthly contributions.
| Stock code | Stock name |
|---|---|
| 1 | CK Hutchison Holdings Limited |
| 2 | CLP Holdings Ltd. |
| 3 | Hong Kong and China Gas Co. Ltd. |
| 4 | Wharf (Holdings) Ltd. |
| 5 | HSBC Holdings plc |
| 6 | Power Assets Holdings Ltd. |
| 8 | PCCW Ltd. |
| 10 | Hang Lung Group Ltd. |
| 11 | Hang Seng Bank Ltd. |
| 12 | Henderson Land Development Co. Ltd. |
| 14 | Hysan Development Co. Ltd. |
| 16 | Sun Hung Kai Properties Ltd. |
| 17 | New World Development Co. Ltd. |
| 19 | Swire Pacific Ltd. 'A' |
| 23 | Bank of East Asia, Ltd. |
| 27 | Galaxy Entertainment Group Limited |
| 66 | MTR Corporations Ltd. |
| 83 | Sino Land Co. Ltd. |
| 97 | Henderson Investment Ltd. |
| 101 | Hang Lung Properties Ltd. |
| 135 | Kunlun Energy Co. Ltd. |
| 144 | China Merchants Port Holdings Company Limited |
| 168 | Tsingtao Brewery Co. Ltd. - H Shares |
| 175 | Geely Automobile Holdings Limited |
| 177 | Jiangsu Expressway Co. Ltd. - H Shares |
| 179 | Johnson Electric Holdings Ltd. |
| 241 | Alibaba Health Information Technology Limited |
| 267 | CITIC Ltd. |
| 291 | China Resources Beer (Holdings) Co. Ltd. |
| 293 | Cathay Pacific Airways Ltd. |
| 323 | Maanshan Iron & Steel Co. Ltd. - H Shares |
| 330 | Esprit Holdings Ltd. |
| 338 | Sinopec Shanghai Petrochemical Co. Ltd. - H Shares |
| 347 | Angang Steel Co. Ltd. - H Shares |
| 358 | Jiangxi Copper Co. Ltd. - H Shares |
| 363 | Shanghai Industrial Holdings Ltd. |
| 386 | China Petroleum & Chemical Corporation 'H' shares |
| 388 | Hong Kong Exchanges and Clearing |
| 390 | China Railway Group Limited - H Shares |
| 489 | Dongfeng Motor Group Co. Ltd. - H Shares |
| 511 | Television Broadcasts Ltd. |
| 525 | Guangshen Railway Co. Ltd. - H Shares |
| 576 | Zhejiang Expressway Co. Ltd. - H Shares |
| 598 | Sinotrans Ltd. - H Shares |
| 688 | China Overseas Land & Investment Ltd |
| 694 | Beijing Capital International Airport Co. Ltd. - H Shares |
| 700 | Tencent Holdings Ltd |
| 728 | China Telecom Corp. Ltd 'H' shares |
| 753 | Air China Ltd. - H Shares |
| 762 | China Unicom (Hong Kong) Ltd |
| 763 | ZTE Corporation - H Shares |
| 823 | Link Real Estate Investment Trust |
| 836 | China Resources Power Holdings Co. Ltd |
| 853 | MicroPort Scientific Corporation |
| 857 | Petrochina Co. Ltd - H shares |
| 883 | CNOOC Ltd. |
| 902 | Huaneng Power International, Inc. - H Shares |
| 914 | Anhui Conch Cement Co. Ltd. - H Shares |
| 916 | China Longyuan Power Group Corporation Ltd |
| 939 | China Construction Bank Corporation (Hong Kong) Ltd. |
| 941 | China Mobile Ltd |
| 945 | Manulife Financial Corporation |
| 981 | Semiconductor Manufacturing International Corporation |
| 991 | Datang International Power Generation Co., Ltd. - H Shares |
| 992 | Lenovo Group Ltd. |
| 998 |
China CITIC Bank Corporation Ltd |
| 1038 |
Cheung Kong Infrastructure Holdings Ltd. |
| 1068 |
China Yurun Food Group Ltd |
| 1071 |
Huadian Power International Corporation Ltd. - H Shares |
| 1088 |
China Shenhua Energy Co. Ltd. - H Shares |
| Stock code | Stock name |
|---|---|
| 1093 | CSPC Pharmaceutical Group Limited |
| 1099 | Sinopharm Group Co. Ltd |
| 1109 | China Resources Land Ltd |
| 1113 | Cheung Kong Property Holdings Limited |
| 1171 | Yanzhou Coal Mining Co. Ltd. - H Shares |
| 1177 | Sino Biopharmaceutical Limited |
| 1199 | COSCO SHIPPING Ports Limited |
| 1211 | BYD Co. Ltd |
| 1288 | Agricultural Bank of China Limited - H Shares |
| 1299 | AIA Group Limited |
| 1336 | New China Life Insurance Company Ltd. - H Shares |
| 1339 | The People's Insurance Company (Group) of China Limited - H Shares |
| 1359 | China Cinda Asset Management Co., Ltd. - H Shares |
| 1398 | Industrial and Commercial Bank of China Ltd - H Shares |
| 1766 | CRRC Corporation Limited - H Shares |
| 1800 | China Communications Construction Company Limited - H Shares |
| 1810 | Xiaomi Corporation |
| 1816 | CGN Power Co., Ltd. - H Shares |
| 1818 | Zhaojin Mining Industry Company Limited |
| 1833 | Ping An Healthcare and Technology Company Limited |
| 1898 | China Coal Energy Co. Ltd |
| 1918 | Sunac China Holdings Limited |
| 1919 | China COSCO Holdings Co. Ltd. - H Shares |
| 1928 | Sands China Ltd. |
| 1988 | China Minsheng Banking Corp., Ltd |
| 2018 | AAC Technologies Holdings Inc. |
| 2020 | ANTA Sports Products Ltd |
| 2038 | FIH Mobile Limited |
| 2196 | Shanghai Fosun Pharmaceutical (Group) Co., Ltd. |
| 2238 | Guangzhou Automobile Group Co |
| 2269 | WuXi Biologics (Cayman) Inc. |
| 2318 | Ping An Insurance (Group) Co of China Ltd |
| 2319 | China Mengniu Dairy Co. Ltd |
| 2328 | PICC Property and Casualty Co. Ltd. - H Shares |
| 2331 | Li Ning Co. Ltd |
| 2333 | Great Wall Motor Company Limited - H Shares |
| 2382 | Sunny Optical Technology (Group) Company Limited |
| 2388 | BOC Hong Kong (Holdings) Ltd. |
| 2600 | Aluminum Corporation of China Ltd. - H Shares |
| 2601 | China Pacific Insurance (Group) Co., Ltd |
| 2628 | China Life Insurance Co Ltd 'H' shares |
| 2689 | Nine Dragons Paper (Holdings) Ltd. |
| 2727 | Shanghai Electric Group Co. Ltd. - H Shares |
| 2777 | Guangzhou R&F Properties Co., Ltd. - H Shares |
| 2800 | Tracker Fund of Hong Kong |
| 2801 | iShares MSCI China Index ETF |
| 2819 | ABF Hong Kong Bond Index Fund |
| 2820 | GX CN BIOTECH |
| 2822 | CSOP FTSE China A50 ETF |
| 2823 | iShares FTSE/Xinhua A50 China Tracker |
| 2827 | W.I.S.E - CSI 300 China Tracker |
| 2828 | Hang Seng H-Share Index ETF |
| 2836 | iShares BSE SENSEX India Index ETF |
| 2866 | COSCO SHIPPING Development Co., Ltd.- H Shares |
| 2883 | China Oilfield Services Ltd. - H Shares |
| 2888 | Standard Chartered PLC |
| 2899 | Zijin Mining Group Co., Ltd. - H Shares |
| 3032 | Hang Seng TECH Index |
| 3033 | CSOP Hang Seng TECH Index |
| 3067 | iShares Hang Seng TECH ETF |
| 3069 | ChinaAMC Hang Seng Hong Kong Biotech Index ETF |
| 3088 | ChinaAMC Hang Seng Tech Index ETF |
| 3130 | Hang Seng CSI 300 ETF |
| 3147 | CSOP SZSE CHINEXT ETF |
| 3188 | ChinaAMC CSI 300 Index ETF |
| 3328 | Bank of Communications Co Ltd - H shares |
| 3333 | China Evergrande Group |
| 3690 | Meituan-Dianping |
| 3968 | China Merchants Bank Co., Ltd. - H Shares |
| 3988 | Bank of China |
| 6030 | CITIC Securities Company Limited - H Shares |
| 6837 | Haitong Securities Co., Ltd. - H Shares |
| 6881 | China Galaxy Securities Co., Ltd. - H Shares |
| 9618 | JD.com, Inc. |
| 9988 | Alibaba Group Holdings Ltd |
| 9999 | NetEase, Inc. |
Dollar cost averaging
When the stock price goes down, you will buy more shares. Alternatively, when the price goes up, fewer shares will be bought. Over time, the average price you pay for the stock is likely to be lower than the market price because you will have bought more shares at lower prices.
Moreover, each month you will enjoy the benefit of paying the average price of those stocks purchased collectively for SMIP investors.
This investment method is called dollar cost averaging and enables you to buy shares close to their average price over the period. It helps smooth out the peaks and troughs, offsetting market volatility. Providing there is overall growth in the stocks you choose, you can manage the purchase price in an easy and lower risk way. So you need worry less about timing. The risk arising from short-term market fluctuations will be reduced as a result.
Month |
Investment (HKD) |
Amount availablefor share purchase2 (HKD) |
Share price (HKD) |
Number of shares purchased |
Amount invested (HKD) |
Amount refunded (HKD) |
|---|---|---|---|---|---|---|
Jan |
4,000 |
3,950 |
1.00 |
3,950 |
3,950.00 |
0.00 |
Feb |
4,000 |
3,950 |
0.87 |
4,540 |
3,949.80 |
0.20 |
Mar |
4,000 |
3,950 |
0.76 |
5,197 |
3,949.72 |
0.28 |
April |
4,000 |
3,950 |
0.80 |
4,937 |
3,949.60 |
0.40 |
May |
4,000 |
3,950 |
0.98 |
4,030 |
3,949.40 |
0.60 |
June |
4,000 |
3,950 |
1.09 |
3,623 |
3,949.07 |
0.93 |
| N/A |
N/A |
Average market price3 |
0.917 |
N/A |
N/A |
N/A |
Month |
Jan |
|---|---|
Investment (HKD) |
4,000 |
Amount availablefor share purchase2 (HKD) |
3,950 |
Share price (HKD) |
1.00 |
Number of shares purchased |
3,950 |
Amount invested (HKD) |
3,950.00 |
Amount refunded (HKD) |
0.00 |
Month |
Feb |
Investment (HKD) |
4,000 |
Amount availablefor share purchase2 (HKD) |
3,950 |
Share price (HKD) |
0.87 |
Number of shares purchased |
4,540 |
Amount invested (HKD) |
3,949.80 |
Amount refunded (HKD) |
0.20 |
Month |
Mar |
Investment (HKD) |
4,000 |
Amount availablefor share purchase2 (HKD) |
3,950 |
Share price (HKD) |
0.76 |
Number of shares purchased |
5,197 |
Amount invested (HKD) |
3,949.72 |
Amount refunded (HKD) |
0.28 |
Month |
April |
Investment (HKD) |
4,000 |
Amount availablefor share purchase2 (HKD) |
3,950 |
Share price (HKD) |
0.80 |
Number of shares purchased |
4,937 |
Amount invested (HKD) |
3,949.60 |
Amount refunded (HKD) |
0.40 |
Month |
May |
Investment (HKD) |
4,000 |
Amount availablefor share purchase2 (HKD) |
3,950 |
Share price (HKD) |
0.98 |
Number of shares purchased |
4,030 |
Amount invested (HKD) |
3,949.40 |
Amount refunded (HKD) |
0.60 |
Month |
June |
Investment (HKD) |
4,000 |
Amount availablefor share purchase2 (HKD) |
3,950 |
Share price (HKD) |
1.09 |
Number of shares purchased |
3,623 |
Amount invested (HKD) |
3,949.07 |
Amount refunded (HKD) |
0.93 |
Month |
N/A |
Investment (HKD) |
N/A |
Amount availablefor share purchase2 (HKD) |
Average market price3 |
Share price (HKD) |
0.917 |
Number of shares purchased |
N/A |
Amount invested (HKD) |
N/A |
Amount refunded (HKD) |
N/A |
In the above example, you invest a total of HKD24,000 to purchase 26,277 shares over six months at an average share cost4 of HKD0.913. Dollar Cost Averaging therefore enables you to buy shares lower than the average market price of HKD0.917 over the period.
2Amount available for share purchase = Monthly investment amount - Brokerage Fee (0.25% of monthly investment amount or HKD50, whichever is higher)
3Average market price = sum of share prices ÷ number of months
4Average share cost = total investments ÷ total number of shares purchased
This example is for illustration purpose only. The actual average share cost could be different from the example provided. The actual average share cost may not be lower than the average market price for any given period.