Guides
Hong Kong IPO fees explained: what the 1.00857% in the entry fee is
HK IPO entry fee = offer price × board lot + 1% brokerage + 0.0027% SFC levy + 0.00015% AFRC levy + 0.00565% HKEX trading fee, each rounded to the cent. Worked example and sources.Hong Kong IPO Mechanism A vs Mechanism B: how much goes to retail
From 4 Aug 2025 the HK public subscription tranche uses Mechanism A (5%, clawback to 15/25/35%) or Mechanism B (fixed 10–60%, no clawback). Specialist Technology Companies have their own mechanism.Hong Kong IPO Pool A and Pool B: the HK$5 million line
HK IPO public subscription shares are split equally into Pool A (applications ≤ HK$5m) and Pool B (> HK$5m). Multiple applications are rejected.Margin (financing) for Hong Kong IPOs: interest, fees and break-even
How to compute own cash, margin loan, interest and break-even price when applying for HK IPOs on margin. Interest is paid whether or not you are allotted.Hong Kong IPO timetable under FINI (T+2)
Typical HK IPO timetable under FINI: public subscription T-4 09:00 to T-1 12:00, pricing and balloting by T 12:00, trading starts T+2 09:00.Costs of selling IPO shares in Hong Kong: stamp duty 0.1% rounded up
Selling HK shares: stamp duty 0.1% (rounded up to HK$1), trading fee 0.00565%, SFC levy 0.0027%, AFRC levy 0.00015%, plus broker commission and platform fees.
HK IPO entry fee = offer price × board lot + 1% brokerage + 0.0027% SFC levy + 0.00015% AFRC levy + 0.00565% HKEX trading fee, each rounded to the cent. Worked example and sources.Hong Kong IPO Mechanism A vs Mechanism B: how much goes to retail
From 4 Aug 2025 the HK public subscription tranche uses Mechanism A (5%, clawback to 15/25/35%) or Mechanism B (fixed 10–60%, no clawback). Specialist Technology Companies have their own mechanism.Hong Kong IPO Pool A and Pool B: the HK$5 million line
HK IPO public subscription shares are split equally into Pool A (applications ≤ HK$5m) and Pool B (> HK$5m). Multiple applications are rejected.Margin (financing) for Hong Kong IPOs: interest, fees and break-even
How to compute own cash, margin loan, interest and break-even price when applying for HK IPOs on margin. Interest is paid whether or not you are allotted.Hong Kong IPO timetable under FINI (T+2)
Typical HK IPO timetable under FINI: public subscription T-4 09:00 to T-1 12:00, pricing and balloting by T 12:00, trading starts T+2 09:00.Costs of selling IPO shares in Hong Kong: stamp duty 0.1% rounded up
Selling HK shares: stamp duty 0.1% (rounded up to HK$1), trading fee 0.00565%, SFC levy 0.0027%, AFRC levy 0.00015%, plus broker commission and platform fees.