Risk Disclaimer Statement
1.      RISK OF SECURITIES TRADING
The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.
2.      RISK OF TRADING GROWTH ENTERPRISE MARKET STOCKS
2.1   Growth Enterprise Market (“GEM”) stocks involve a high investment risk. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. GEM stocks may be very volatile and illiquid.
2.2  You should will make the decision to invest only after due and characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.
2.3   Current information on GEM stocks may only be found on the internet website operated by the SEHK. GEM companies are usually not required to issue paid announcements in gazetted newspapers.
2.4   You should seek independent professional advice if you are uncertain of or have not understood any aspect of this risk disclosure statement or the nature and risks involved in trading of GEM stocks.
3.      RISKS OF CLIENT ASSETS RECEIVED OR HELD OUTSIDE HONG KONG
Client assets received or held by the Broker or its nominee(s) outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap. 571) and the rules made thereunder. Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong.
4.      RISK OF PROVIDING AN AUTHORITY TO HOLD MAIL OR TO DIRECT MAIL TO THIRD PARTIES
If you provide the Broker with an authority to hold mail or to direct mail to third parties, it is important for you to promptly collect in person all contract notes and statements of the Accounts and review them in detail to ensure that any anomalies or mistakes can be detected in a timely fashion.
5.       RISK OF TRADING NASDAQ-AMEX SECURITIES ON THE SEHK
The securities under the Nasdaq-Amex Pilot Program (“PP”) are aimed at sophisticated investors. You should consult the Broker and become familiarized with the PP before trading in the PP securities. You should be aware that the PP securities are not regulated as a primary or secondary listing on the Main Board or GEM of the SEHK.
6.       RISK OF USING THE ELECTRONIC TRADING SERVICES
Trading on an electronic trading system may differ from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all. In particular, your attention is drawn to the following:
(A)    the internet is, and any other Electronic Media may also be, an inherently unreliable medium of data transmission and communication and that, accordingly, there are risks in conducting Transactions in the Account through the Electronic Trading Service or otherwise communication through the internet or any other Electronic Media;
(B)    access to the website operated by the Broker or the Electronic Trading Service may at any time and from time to time be limited, delayed or unavailable, including during periods of peak demand, market volatility, systemic failures (including hardware and software failures), systems upgrades or maintenance or for other reasons;
(C)    instructions given or transactions conducted through the internet or other Electronic Media may be subject to interruption, transmission blackout, delayed transmission or incorrect data transmission due to, where applicable, unpredictable traffic congestion, the public nature of the media used or other reasons;
(D)   instructions given through the internet or other Electronic Media may not be executed or may be delayed so that they are executed at prices different from those prevailing at the time the instructions were given;
(E)    communications and personal data may be accessed by unauthorized third parties;
(F)    instructions given through the internet or other Electronic Media may be executed without being subject to human review; and
(G)   the status of your instructions or orders for Transactions in the Account or execution thereof and your cash position, securities position or other details relating to your Account as reflected in any acknowledgement, confirmation or other record posted on the Broker's website may not be updated immediately. Such acknowledgement, confirmation or other record will only reflect Transactions in your Account conducted through the Electronic Trading Service and that, in the case of doubt, you should contact the Broker to ascertain the status of your other Transactions in your Account or other details relating to your Account.
 
7.      SPECIFIC RISK OF INVESTING IN STRUCTURED PRODUCT LISTED IN STOCK EXCHANGE OF HONG KONG LIMITED (“HKEx”)
(A)    Structured products carry a high degree of risk. The risk of loss in trading structured products can be substantial. Prospective investor/client should have prior knowledge of, or experience in trading in structured products. The investor/client should carefully consider whether such trading is suitable in the light of the investor/client's own financial position and the investment objectives.
(B)    Issuer default risk
In the event that a structured product issuer becomes insolvent and defaults on their listed securities, the investor/client will be considered as unsecured creditors and will have no preferential claims to any assets held by the issuer. The investor/client should therefore pay close attention to the financial strength and credit worthiness of structured product issuers.
(C)    Uncollateralised product risk
Uncollateralised structured products are not asset backed. In the event of issuer bankruptcy, the investor/client can lose his entire investment. The investor/client should read the listing documents to determine if a product is uncollateralised.
(D)   Gearing risk
Structured products such as derivative warrants and callable bull/bear contracts (CBBCs) are leveraged and can change in value rapidly according to the gearing ratio relative to the underlying assets. The investor/client should be aware that the value of a structured product may fall to zero resulting in a total loss of the initial investment.
(E)    Expiry considerations
Structured products have an expiry date after which the issue may become worthless. The investor/client should be aware of the expiry item horizon and choose a product with an appropriate lifespan for their trading strategy.
(F)    Extraordinary price movements
The price of a structured product may not match its theoretical price due to outside influences such as market supply and demand factors. As a result, actual traded prices can be higher or lower than the theoretical price.
(G)   Foreign exchange risk
The investor/client trading structured products with underlying assets not denominated in Hong Kong dollars are also exposed to exchange rate risk. Currency rate fluctuations can adversely affect the underlying asset value, also affecting the structured product price.
(H)   Liquidity risk
The HKEX requires all structured product issuers to appoint a liquidity provider for each individual issue. The role of liquidity providers is to provide two way quotes to facilitate trading of their products. In the event that a liquidity provider defaults or ceases to fulfil its role, the investor/client may not be able to buy or sell the product until a new liquidity provider has been assigned.
Some Additional Risks Involved in Trading Derivative Warrants
(I)     Time decay risk
All things being equal, the value of a derivative warrant will decay over time as it approaches its expiry date. Derivative warrants should therefore not be viewed as long term investments.
(J)     Volatility risk
Prices of derivative warrants can increase or decrease in line with the implied volatility of underlying asset price. The investor/client should be aware of the underlying asset volatility.
Some Additional Risks Involved in Trading CBBCs
(K)    Mandatory call risk
The investor/client trading CBBCs should be aware of their intraday “knockout” or mandatory call feature. A CBBC will cease trading when the underlying asset value equals the mandatory call price/level as stated in the listing documents. The investor/client will only be entitled to the residual value of the terminated CBBC as calculated by the product issuer in accordance with the listing documents. The investor/client should also note that the residual value can be zero.
(L)    Funding costs
The issue price of a CBBC includes funding costs. Funding costs are gradually reduced over time as the CBBC moves towards expiry. The longer the duration of the CBBC, the higher the total funding costs. In the event that a CBBC is called, the investor/client will lose the funding costs for the entire lifespan of the CBBC. The formula for calculating the funding costs are stated in the listing documents.
8.      SPECIFIC RISK OF INVESTING IN EXCHANGE TRADED FUNDS (ETFs)
(A)    Market risk
ETFs are typically designed to track the performance of certain indices, market sectors, or groups of assets such as stocks, bonds, or commodities. ETF managers may use different strategies to achieve this goal, but in general they do not have the discretion to take defensive positions in declining markets. The investor/client must be prepared to bear the risk of loss and volatility associated with the underlying index/assets.
(B)    Tracking errors
Tracking errors refer to the disparity in performance between an ETF and its underlying index/assets. Tracking errors can arise due to factors such as the impact of transaction fees and expenses incurred to the ETF, changes in composition of the underlying index/assets, and the ETF manager's replication strategy.
(C)    Trading at discount or premium
An ETF may be traded at a discount or premium to its Net Asset Value (NAV). This price discrepancy is caused by supply and demand factors, and may be particularly likely to emerge during periods of high market volatility and uncertainty. This phenomenon may also be observed for ETFs tracking specific markets or sectors that are subject to direct investment restrictions.
(D)   Foreign exchange risk
The investor/client trading ETFs with underlying assets not denominated in Hong Kong dollars are also exposed to exchange rate risk. Currency rate fluctuations can adversely affect the underlying asset value, also affecting the ETF price.
(E)    Liquidity risk
Securities Market Makers (SMMs) are exchange participants that provide liquidity to facilitate trading in ETFs. Although most ETFs are supported by one or more SMMs, there is no assurance that active trading will be maintained. In the event that the SMMs default or cease to fulfill their role, the investor/client may not be able to buy or sell the product.
(F)  Counterparty risk involved in ETFs with different replication strategies
(I)    Full replication and representative sampling strategies
An ETF using a full replication strategy generally aims to invest in all constituent stocks/assets in the same weightings as its benchmark. ETFs adopting a representative sampling strategy will invest in some, but not all of the relevant constituent stocks/assets. For ETFs that invest directly in the underlying assets rather than through synthetic instruments issued by third counterparty risk tends to be less of concern.
(II)   Synthetic replication strategies
ETFs utilising a synthetic replication strategy use swaps or other derivative instruments to gain exposure to a benchmark. Currently, synthetic replication ETFs can be further categorized into two forms:
Swap-based ETFs
-           Total return swaps allow ETF managers to replicate the benchmark performance of ETFs without purchasing the underlying assets.
-           Swap-based ETFs are exposed to counterparty risk of the swap dealers and may suffer losses if such dealers default or fail to honor their contractual commitments.
Derivative embedded ETFs
-           ETF managers may also use other derivative instruments to synthetically replicate the economic benefit of the relevant benchmark. The derivative instruments may be issued by one or multiple issuers.
-           Derivative embedded ETFs are subject to counterparty risk of the derivative instruments' issuers and may suffer losses if such issuers default or fail to honour their contractual commitments.
(G)     Even where collateral is obtained by an ETF, it is subject to the collateral provider fulfilling its obligations. There is a further risk that when the right against the collateral is exercised, the market value of the collateral could be substantially less than the amount secured resulting in significant loss to the ETF.
9.        SPECIFIC RISK OF INVESTING IN OVERSEAS ISSUERS
Risks Relating to Investing in Overseas Issuers
(A)    An overseas issuer is subject to a different set of corporate laws governing its affairs including duration, organisation structure, governing bodies and their powers, shares transfer, shareholders rights, shareholders' dispute resolutions.
(B)    It may be difficult for local shareholders/investor of an overseas issuer to enforce their shareholder rights against the issuer or its directors due to complications arising from cross-border access to evidence, legal services, court assistance or the incremental costs related to those services.
(C)    Hong Kong regulators may not have extra-territorial investigation and enforcement jurisdiction. Instead, reliance has to be placed on the overseas regulatory regimes to enforce against any corporate governance breaches committed by their subject.
(D)   If an overseas issuer's principal operations and assets are outside its place of incorporation or Hong Kong, they may be subject to other laws, standards, restrictions and risks that significantly differ from those in Hong Kong.
Additional Risks Relating to Investing in Secondary Listed Issuers
(E)    Secondary listed issuers are primarily regulated by another stock exchange and financial regulator and are often granted extensive Listing Rules waivers. They do not conform to the Listing Rules in their entirety. Because of the different characteristics of overseas and Hong Kong securities markets, fluctuations in the price of securities are more likely.
Additional Risks Relating to Investing in Hong Kong Depository Receipts (“HDR”) Issuers
(F)    The Hong Kong Depository Receipts (“HDR”) framework is an alternative facility for issuers, in particular overseas issuers, to list on the HKEx. There are no changes to the listing regime. An issuer seeking to list in Hong Kong through HDRs will have to comply with generally the same requirements as an issuer of shares, except for the modifications in Chapter 19B of the Main Board Rules. However, HDRs are not shares and therefore do not attract the same legal consequences as those of shares. The HDR Depository's obligations are set out in a deposit agreement.
(G)   HDR holders do not have rights of shareholders and must rely on the HDR Depository to exercise on their behalf the rights of a shareholder.
(H)   HDR holders need to pay for the fees and expenses charged by the HDR Depositary for services rendered.
10.    RISKS OF TRADING RENMINBI SECURITIES OR INVESTMENT IN RENMINBI PRODUCT
(A)    Currency risks
The exchange rate of renminbi may be rise or fall. If the investor/client who holds a local currency other than renminbi will exposed to currency risk if the investor/client invests in a renminbi products. It is because renminbi is subject to conversion restrictions and foreign exchange control mechanism. The investor/client may have to convert the local currency into renminbi when the investor/client invests in a renminbi product. When the investor/client redeem/sell the investor/client's investment, the investor/client may also need to convert the renminbi received upon redemption/ sale of the investor/client's investment product into the local currency (even if redemptions/ sale proceeds are paid in renminbi). During these processes, the investor/client will incur currency conversion costs and you will also be exposed to currency risk.
(B)    Possibility of not receiving renminbi upon redemption/ sale of renminbi investments
The investor/client should always understand the nature and terms of a product and read the offering documents carefully before investing to find out whether the investor/client will actually receive renminbi when client redeems/ sells the renminbi products. Even if the product aims to deliver renminbi, it may not be able to pay the investor/client in renminbi if the product has to sell non-renminbi-denominated investments to meet the investor/client's redemption/ sale request, and encounters conversion restriction when converting the proceeds in non-renminbi currencies into renminbi. On the other hand, even if the investments are denominated in renminbi, there may not be sufficient renminbi to satisfy the redemption/sale requests due to the repatriation or other controls on renminbi. As a result, the investor/client may not receive renminbi when the investor/client redeems/sells Client's investments.
(C)    Liquidity risk
Renminbi products are subject to liquidity risk as there may not be regular trading or an active secondary market. Some renminbi product is subject to lock-up period or heavy penalty or charges for early surrender or termination of the product. Therefore, the investor/client may not able to sell the investment in the product on a timely basis, or the investor/client may have to sell the product at a deep discount to its value.
(D)    Investment / market risk
Like any investments, renminbi products are subject to investment risk and may not be principal protected i.e. the assets that the products invest in or referenced to may fall as well as rise, resulting in gains or losses to the product. This means that the investor/client may suffer a loss even it renminbi appreciates.
(E)    Issuer / counterparty risk
Renminbi products are subject to the credit and insolvency risks of their issuers. Furthermore, as a renminbi product may invest in derivative instruments, counterparty risk may also arise as the default by the derivative issuers may adversely affect the performance of the renminbi products and result in substantial losses.
11.   RISKS OF INVESTING IN DERIVATIVE PRODUCTS (INCLUDING BUT NOT LIMITED TO EQUITY LINKED NOTES/INSTRUMENT)
General risk for investing in structured product
(A)    Derivative products often involves a high degree of gearing, so that a relatively small movement in the price of the underlying securities results in a disproportionately large movement in the price. The values of derivative products are not fixed, but fluctuate with the market, which may be influenced by many factors, including changes in the economic and/or political environment. The prices of derivative products can therefore be volatile.
(B)    Derivative products are imbedded with options. Transactions in options carry a high degree of risk. The risk of loss in trading options can be substantial. Prospective investor should have prior knowledge of, or experience in option markets. The investor/client should carefully consider whether such trading is suitable in the light of the investor/client's own financial position and investment objectives.
(C)    The investor/client should not buy a derivative product unless the investor/client is prepared to sustain a total loss of the money the investor/client have invested plus any commission or other transaction charges.
(D)   While derivative products are unexercised and if their underlying securities are suspended from trading on the HKEx or any other relevant stock exchange, they may be suspended from trading for a similar period of time as their underlying securities.
(E)    Depending on the structure of a particular derivative product, the investor/client may be obligated to accept delivery or make delivery (as the case may be) of the underlying securities if the conversion price is triggered or pursuant to the terms and conditions of the relevant agreement, contract or confirmation of the subject transaction. Depending on the market conditions, the investor/client may be obligated to accept delivery of the underlying securities at a price which is above the market price such securities or to make delivery of the underlying securities at a price which is below the market price of such securities and losses may occur resulting from such actions which can be substantial. The loss resulting from investing such derivative product can be over and above the initial amount invested to a substantial extent.
(F)    If there is an extraordinary event or an adjustment event such a stock split, issue of bonus shares or other unexpected event that change the number, value or weighting of issued shares of the underlying stock, the counter-party/calculation agent may adjust the contract terms, at its sole discretion, to reflect the new market conditions. This may include unwinding the contract. The investor/client should seek independent advice from professional parties in the event of such extraordinary events or adjustments.
(G)   Early termination prior to maturity is possible subject to the terms and conditions governing the derivation product and prevailing market terms and conditions.
(H)   The value of the derivative products may be reduced due to any downgrades by rating agencies such as Moody's Investors Inc. or Standard & Poor's Rating Services.
(I)    The investor/client should ensure that this purchase of a particular derivative product is lawful under the laws of the jurisdiction of his incorporation / domicile and the jurisdiction in which he operates (if different), and that such purchase will not contravene any law, regulation or regulatory policy applicable to him.
(J)    For derivative products (and non-listed financial instruments in general), in particular in “combined” or “structured” transactions, the absence of a “market” or “common” reference price may make it impossible for QMIS Securities Limited (“QMIS”) to provide the precise value of the transaction. Therefore the investor/client should be aware that the price indications by QMIS are always based on the latest available market prices of the underlying instrument or have arrived from sources believed to be reliable. Consequently, price indications might only reflect historic prices and may not reflect the final proceedings where the transaction is terminated or assigned immediately, if this is possible at all. QMIS does not make any representation as to the accuracy or completeness of price indications for any transactions and does not accept liability for any losses arising from the use thereof.
(K)    Structured products are formed by combining two or more financial instruments and may include one or more derivative products. Structured products may carry a high degree of risk and may not be suitable for many members of the public, as the risks associated with the financial instruments or derivative products may be interconnected. As such, the extent of loss due to market movements can be substantial. Prior to engaging in structured product transactions, the structured investor/client should understand the inherent risks involved. In particular, the various risks associated with each financial instrument or derivative product should be evaluated separately as well as taking the structured product as a whole. Each structured product has its own risk profile and given the unlimited number of possible combinations. It is not possible to detail in this Risk Disclosure Statement all the risks which may arise in any particular case. The investor/client should note that with structured products, buyers can only assert their rights against the issuer. Hence, particular attention needs to be paid to issuer risk. The investor/client should therefore be aware that a total loss of his investment is possible if the issuer should default.
(L)    Because the prices and characteristics of over-the-counter derivative products are individually negotiated and there is no central source for obtaining prices, there are inefficiencies in transaction pricing. QMIS consequently cannot and does not warrant that its prices or the prices it secures for the investor/client are or will any time be the best price available to the investor/client. QMIS may make a profit from a transaction with the investor/client no matter what result the transaction has from the investor/client's point of view.
(M)   Equity-linked instruments (“ELI”) carries a high degree of risk.  ELIs are products combining notes/deposits with stock options which may allow a bull, bear or strangle (i.e. trading range) bet. The return component of ELI is based on the performance of a single equity security, a basket of equity securities, or an equity index. ELI may come in different forms: equity-linked notes, equity-linked deposits and equity-linked contracts. The investor/client acknowledges and agrees that while the maximum return on investment is usually limited to a predetermined amount of cash, an investor/client stands to potentially lose up to the entire investment amount if the underlying share price moves substantially against the investor's view. The investor/client should be able to understand the risks he is bearing before investing in ELIs.
(N)   The prices of the underlying securities of derivative products fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. Accordingly, it is as likely that loss will be incurred rather than profit made as a result of buying or selling derivative products. In particular, for some derivative products such as accumulators, depending on market conditions, an investor/client may be obligated to accept delivery of the underlying securities at a price which is above the market price of such securities and loss may occur resulting from such action which can be substantial. Similarly, for some derivative products such as decumulators, an investor/client may be obligated to make delivery of the underlying securities at a price which is below the market price of such securities and loss may occur resulting from such action which can be substantial. The loss resulting from investing in such derivative products can be over and above the initial amounts invested to a substantial extent.
Liquidity risk
(O)   Structured products have limited liquidity. It may be impossible for the investor/client to liquidate an existing position or to do so at a satisfactory price because the market finds it difficult to assess the value, to determine a fair price or assess the exposure to risk.
 
12.   IMPORTANT NOTES AND SPECIFIC RISKS OF TRADING VIA SHANGHAI-HONG KONG STOCK CONNECT
The following describes some of the risks and other significant aspects of trading the Shanghai Stock Exchange (“SSE”) securities via Shanghai-Hong Kong Stock Connect (“China Connect”) through QMIS Securities Limited (the “Company”).  In light of the risks, you should undertake such transactions only if you understand the nature of China Connect trading and the extent of your exposure to risk.  You should carefully consider (and consult your own advisers where necessary) whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.
 
You must observe relevant laws and regulations of Mainland China and Hong Kong as well as the rules of the exchanges.  You must accept and agree the aforesaid and the risks related to China Connect, including but not limited to being liable or responsible for breaching the SSE Listing Rules, SSE Rules and other applicable laws and regulations before giving instructions.
 
12.1      No day trading is allowed
You are not allowed to carry out day trading through China Connect.  A shares bought on trade day (T-day) can only be sold on or after T+1 day.
12.2      OTC trading is not permitted
All trading must be conducted on SSE, i.e. no over-the counter (OTC) or manual trades are allowed.
12.3      Must have shares in Company’s CCASS account before the market opens
You must have shares transferred to the Company’s corresponding CCASS account before the commencement of trading on a trading day if you intend to sell the shares during a trading day.
12.4      Stock and money settlement arrangement
For SSE shares trading, stock settlement will be conducted on T-day, while money (including the transaction amount as well as the related fees and levies) will settle on T+1day.  You should ensure you have sufficient RMB in your account for settlement.
12.5      Company’s right to cancel your orders in case of contingency
The Company shall have the right to cancel your orders without prior notice in case of contingency such as hoisting of Typhoon Signal No. 8.
12.6      Quota restrictions
Purchases of SSE securities through China Connect are subject to certain daily quota controls.  As a result, there is no assurance that a buy order can be successfully placed through China Connect.
12.7       Difference in trading day and trading hours
China Connect allows trading only on the days when both Hong Kong and Shanghai markets are open for trading, and banking service are available in both markets on the corresponding settlement days.  You should also note that A shares trading will follow the SSE’s trading hours.
12.8      Foreign shareholding restriction
Under Mainland China laws, there is a limit to how many shares a single foreign investor is permitted to hold in a single Mainland China listed company.  The Company has the right to force-sell your shares upon receiving a forced-sale notification from SEHK.  Accordingly, you should ensure you fully understand the Mainland rules and regulations in relation to shareholding restrictions and disclosure obligations and follow such rules and regulations.
12.9    Short Swing Profit Rule
Under Mainland China laws, the “short swing profit rule” requires investors to return any profits made from purchases and sales in respect of China Connect securities of a Mainland China listed company if (a) your shareholding in the Mainland China listed company exceeds the threshold prescribed by the relevant China Connect authority from time to time and (b) the corresponding sale transaction occurs within the six months after a purchase transaction, or vice versa.
12.10    Not protected by Investor Compensation Fund
You should note that SSE trading under China Connect will not be covered by Hong Kong’s Investor Compensation Fund.  As Hong Kong investors are not carrying out SSE trading through Mainland brokers, they are not protected by China Securities Investor Protection Fund on the Mainland.
12.11   Warnings
SSE may request SEHK to require the Company to issue warning statements (verbally or in writing) to clients, and not to extend SSE trading service to certain clients.
12.12   Liability
SEHK, SEHK parent companies and subsidiaries, SSE and SSE subsidiary and their respective directors, employees and agents shall not be responsible or held liable for any loss or damage directly or indirectly suffered by the Company, its clients or any third parties arising from or in connection with SSE trading or the CSC.
Risk Disclaimer Statement
Disclaimer

Access to these web pages is granted by QMIS Securities Limited subject to the terms and conditions below. PLEASE READ THE TERMS AND CONDITIONS BELOW CAREFULLY.

The following pages contain information and materials relating to investment products that are not reviewed and authorized by the Securities and Futures Commission in Hong Kong for distribution to the public in Hong Kong. Therefore, you are advised to exercise caution, and if you are in any doubt about any of the contents of the web pages, you should obtain independent financial and professional advice.

The information and materials involve in these pages are provided strictly for the information purposes only and should not be considered an offer, or solicitation, to deal in any investment products of QMIS Asset Management Limited (“QMIS Asset Management”). QMIS Asset Management also reserves the right to make any amendments to the information and materials contained in these pages, at any time without notice. 

 
© 2020 QMIS Financial Group
Disclaimer

Access to these web pages is granted by QMIS Securities Limited subject to the terms and conditions below. PLEASE READ THE TERMS AND CONDITIONS BELOW CAREFULLY.

The following pages contain information and materials relating to investment products that are not reviewed and authorized by the Securities and Futures Commission in Hong Kong for distribution to the public in Hong Kong. Therefore, you are advised to exercise caution, and if you are in any doubt about any of the contents of the web pages, you should obtain independent financial and professional advice.

The information and materials involve in these pages are provided strictly for the information purposes only and should not be considered an offer, or solicitation, to deal in any investment products of QMIS Asset Management Limited (“QMIS Asset Management”) and QMIS Securities Limited (“QMIS Securities”). QMIS Asset Management and QMIS Securities Limited (“QMIS Securities”) also reserves the right to make any amendments to the information and materials contained in these pages, at any time without notice.

 
© 2020 QMIS Financial Group