Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc.
What is CMBI？
CMB International Capital Corporation Limited (CMBI) is a Hong Kong-based financial institution with a subsidiary in Singapore. They operate as a one-stop shop for corporations and investors. CMBI offers venture capital and private equity, investing in promising companies. They also provide a wide range of financial services, potentially including investment banking, asset management, wealth management, and structured financing solutions.
Pros & Cons
Pros:
Powerful Trading Platform: CMBI offers a versatile trading experience with the Yat Lung Global app, accessible on both iOS and Android devices. Additionally, they provide a web-based online trading platform for convenient access from any computer.
Rich tradable Securities: CMBI boasts a diverse investment universe. Investors can trade Hong Kong stocks, China B shares, stocks accessible through the China-stock-connect program, US stocks, and even global equities.
Regulated by SFC: CMBI operates under the regulatory oversight of the Securities and Futures Commission (SFC) of Hong Kong, potentially providing investors with some level of security and peace of mind.
Multiple Customer Service Methods: CMBI offers various channels for customer support, ensuring investors can reach them through their preferred method.
Cons:
High Commission Fees: While the specific details aren't provided, CMBI's commission fees are noted to be high.
Complicated Account Opening Procedure: Opening an account with CMBI involves a complex process, potentially discouraging some investors, particularly beginners who prefer a more streamlined onboarding experience.
Regulatory Status
CMBI operates under a robust regulatory framework, with several of its subsidiaries holding securities trading licenses from the Securities and Futures Commission (SFC) of Hong Kong.
Specifically, CMB International Securities Limited is licensed under No. AUZ441, CMB International Global Markets Limited under No. AAF261, CMB International Asset Management Limited under No. AVA101, and CMB International Capital Limited under No. AVM940.
These licenses signify CMBI's adherence to stringent regulatory standards set by the SFC, which oversees and ensures compliance with financial regulations to protect investors and maintain the integrity of the financial markets in Hong Kong. The comprehensive regulation across multiple branches of its business allows CMBI to offer a wide range of financial services reliably and securely, reinforcing its position as a trustworthy institution in the global financial landscape.
Tradable Securities
CMBI offers a comprehensive selection of tradable securities. This includes established markets like Hong Kong stocks, China B shares, and US equities. For those seeking exposure to the mainland Chinese market, CMBI facilitates access through the China-stock-connect program. Beyond traditional stocks, investors can trade Hong Kong and global futures contracts. CMBI even allows participation in initial public offerings (IPOs) and provides margin financing for both stocks and funds. The platform extends its reach further by offering international placements, grey market products, and over-the-counter (OTC) securities.
Commissions & Fees
CMBI's commission structure is complex.
For Hong Kong stock trading, a tiered commission fee applies. Telephone orders incur a 0.25% commission on the transaction value, while online trades are subject to a slightly lower 0.2% fee. It's important to note that these fees are exclusive of exchange fees. Investors will also be responsible for additional charges levied by the Hong Kong Stock Exchange (HKEx), including a trading fee (0.00565% of the transaction value), a transaction levy (0.0027% of the transaction value), and a potential suspended investor compensation levy. Understanding these additional costs is crucial for calculating the true cost of trading through CMBI.
For US stock businesses, CMBI charges a brokerage fee of 0.3% of the transaction amount. Other fees include stock transfer, US$30 per stock, dividend collection fee, bonus collection fee, compulsory corporation action fee, etc.
For the global stock business, CMBI charges a commission fee of 0.5% of the transaction amount in various markets including Australia, Canada, the UK, Germany, Sweden, and Singapore. Other fees include CCY, Bonus shares, CASH dividends, etc. The amount is different for each market.
Platforms
CMBI empowers investors with a variety of platforms and tools to suit their trading preferences. For on-the-go access, they offer the Yat Lung Global app, available for both iOS and Android devices. This app utilizes multi-factor authentication for enhanced security. Additionally, CMBI provides a user-friendly web-based online trading platform for convenient trading from any computer with an internet connection.
Customer Service
CMBI has different bases in HK, Shenzhen, Singapore, Beijing and Shanghai, which all offer customer service through physical address, phone, and Fax.
The contact information of the HK office is:
Address: 45th & 46th Floor, Champion Tower, 3 Garden Road, Central, Hong Kong
Telephone: (852)3900 0888
Fax: (852)3761 8788
Conclusion
In conclusion, CMBI caters to a wide range of investment strategies by providing access to established and emerging markets, including Hong Kong stocks, China A and B shares, US equities, and global markets. Beyond stocks, investors can participate in IPOs, leverage margin financing, and trade futures contracts. Retail investors are offered a versatile trading experience with a powerful platform accessible through mobile apps and web interfaces.
However, the allure of diverse tradable securities comes with a caveat: CMBI's commission structure can be complex with tiered fees and exchange-related charges. Account opening procedures may also be intricate, potentially deterring some beginners. To mitigate these initial hurdles, CMBI offers a wealth of educational resources and boasts a geographically diverse customer service network.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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