Get Nice Financial Group Limited (“GNFG”, Stock code: 1469) is a subsidiary of Get Nice Holdings Limited (“GNH”, Stock code: 64), a listed company on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEx”).
What is GNFG？
Established in 2016 and registered in Hong Kong, Get Nice Financial Group Limited (GNFG), stock code 1469, is a subsidiary of Get Nice Holdings Limited (GNH), stock code 64, both listed on the Main Board of The Stock Exchange of Hong Kong Limited (HKEx). GNFG was spun off from GNH and began trading on the Main Board of HKEx on April 8, 2016. GNFG offers a comprehensive range of financial services, including brokerage services for securities, futures, and options, placing and underwriting of securities, and proof of funds services related to the Takeovers Code and real estate broking. Additionally, GNFG provides securities margin financing and corporate finance advisory services through its wholly owned subsidiaries.
Regulation
GNFG is currently licensed by the Securities and Futures Commission (SFC) of Hong Kong, holding licenses numbered AAA847, ABS125, and AFP245.
Pros & Cons
GNFG, regulated by the SFC in Hong Kong, provides clients with access to IPOs and a diverse range of tradable securities and services. This regulatory oversight ensures a high level of trust and security for investors. Additionally, GNFG's extensive offerings make it an attractive platform for those looking to diversify their investment portfolios. However, there are some areas where GNFG could enhance its service. The platform currently lacks live chat support, which can be a drawback for users who need immediate assistance. Furthermore, there is a notable absence of educational content, limiting resources for investors who seek to deepen their understanding of market strategies. The information available on payment methods is also limited, which might pose challenges for new users.
Tradable Securities and Services
GNFG offers a diverse range of tradable securities and services designed to meet the needs of both individual and corporate clients:
HK Stocks: GNFG provides comprehensive securities broking services for trading stocks listed on the Main Board and GEM Board of the Hong Kong Exchange.
Shanghai-Hong Kong Connect: This platform allows Hong Kong and overseas investors to trade securities listed on the Shanghai Stock Exchange through the Shanghai-Hong Kong Stock Connect, a collaborative trading and clearing initiative by HKEx, SSE, and China Securities Depository and Clearing Corporation Limited.
Futures and Options Brokerage: Through its subsidiary Get Nice Futures Company Limited (GNF), GNFG offers futures and options broking services. GNF, a participant of the Hong Kong Futures Exchanges Limited and a licensed corporation of the Securities and Futures Commission, specializes in dealing in futures contracts (Type 2) and advising on futures contracts (Type 5). The service focuses on risk management through hedging and arbitrage strategies.
Placing and Underwriting: GNFG provides underwriting, sub-underwriting, placing, and sub-placing services for securities listed or to be listed on the HKEx, including IPOs, rights issues, open offers, and other fundraising activities.
Proof of Funds Service: This service supports clients in compliance with the Takeovers Code, offering irrevocable standby facilities to meet general offer obligations during takeover periods.
Securities Margin Financing Service: GNFG offers margin financing to clients for purchasing securities on the secondary market or for subscribing to shares in IPOs.
Corporate Finance Advisory Service: The company advises clients on transactions and compliance matters under the Listing Rules, GEM Listing Rules, and the Takeovers Code, providing independent financial opinions and recommendations to the board committees and shareholders of listed companies.
Asset Management Service (Discretionary Account): Through Get Nice Asset Management Limited (GNAML), GNFG offers tailor-made discretionary portfolio management services. Their experienced investment teams aim to deliver professional services and attractive returns through sophisticated investment models and prudent risk management practices.
Commissions & Fees
Securities Trading
The brokerage commission for securities trading is negotiable, with a minimum charge of $100.00. For specific details, you should refer to your Account Executive (AE). The contract stamp duty is strictly 0.1% of the transaction value, with a minimum charge of $1.00, rounded up to the nearest dollar. The SFC transaction levy is 0.0027% of the transaction value, rounded up to the nearest cent, with no minimum charge. Similarly, the FRC transaction levy is 0.00015% of the transaction value, also rounded up to the nearest cent and with no minimum charge. The trading fee is 0.00565% of the transaction value, rounded up to the nearest cent, with no minimum charge. The CCASS settlement fee is 0.002% of the transaction value, with a minimum charge of $2.00 and a maximum charge of $300.00. Additionally, the transfer stamp duty is $5.00 per transaction document (T/D), with no minimum charge.
China-HK Stock Connect Schedule of Service Charge
For the China-HK Stock Connect, the brokerage commission is negotiable with a minimum charge of CNY 100. Specific details can be obtained from your Account Executive (AE). The handling fee is 0.00341% of the transaction value per side, rounded up to the nearest dollar. The securities management fee is 0.002% of the transaction value per side, rounded up to the nearest cent. The transfer fee is 0.001% (under ChinaClear) and 0.002% (under CCASS) of the transaction value per side, rounded up to the nearest cent. The stamp duty is 0.05% of the transaction value on the seller, rounded up to the nearest cent. Finally, the portfolio fee has multiple rates depending on the portfolio value, with a maximum rate of 0.008%, rounded up to the nearest cent. For detailed information on the portfolio fee structure, refer to the General Note for Fee Guidance (GNFG).
Account Types
GNFG offers two primary types of accounts to cater to different client needs:
Personal/Joint Account: These accounts are designed for individual investors or multiple individuals looking to jointly manage their investments.
Corporate Account: Corporate accounts are specifically structured for businesses and organizations.
Platforms
GNFG offers a versatile trading platform designed to meet the diverse needs of its clients:
Jie Hao Trading Pro Mobile App: This mobile app allows users to open accounts online and trade securities listed on the Hong Kong Exchange, as well as through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.
SPTrader Futures Trading System: For futures trading, GNFG utilizes the SPTrader system.
Customer Service
Clients can reach the support team through several convenient channels. For direct assistance, clients can call GNFG at (852) 2970-8000. Additionally, inquiries or documents can be sent via fax to (852) 2523-3743. For email support, clients can contact the team at info@getnice.com.hk.
Conclusion
Overall, GNFG is a strong platform due to its regulation by the SFC in Hong Kong, offering clients access to IPOs and a diverse range of tradable securities and services. This regulatory oversight ensures high trust and security. However, the platform lacks live chat support and educational content, and information on payment methods is limited.
FAQs
Q: Is GNFG a safe and reliable brokerage？
A: GNFG is a regulated brokerage, providing investor protection in case of brokerage failure. They also use security measures like two-factor authentication. However, extra vigilance is still recommended when trading with any online brokerage.
Q: Does GNFG offer commission-free trading？
A: No, the brokerage commission for securities trading is negotiable, with a minimum charge of $100.00. For the China-HK Stock Connect, the brokerage commission is negotiable with a minimum charge of CNY 100.
Q: What kind of trading platform does GNFG offer？
A: GNFG offers the Jie Hao Trading Pro Mobile App for trading Hong Kong-listed securities and stocks through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connects. They also offer the SPTrader Futures Trading System for futures trading.
Q: Is GNFG suitable for beginners？
A: GNFG's mobile app is user-friendly and convenient, making it easy for beginners to open accounts and start trading. However, the platform lacks educational resources, which can be a disadvantage for those new to investing who need guidance and learning materials to develop their trading skills.
Risk Warning
Engaging in online trading entails significant risk, which could result in the complete loss of invested capital and may not suit every trader or investor. It is imperative to thoroughly understand the risks involved before participating in trading activities. Furthermore, it's important to acknowledge that the content of this review is subject to change, reflecting updates in the company's services and policies. The creation date of the review is pertinent, as information provided may become outdated. Prior to making any investment decisions, readers are strongly advised to verify the latest information directly with the company. The reader bears sole responsibility for acting upon the information contained in this document.
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