Preferential RMB Fixed Deposit

Terms and Conditions for RMB Fixed Deposit Offer

1. The promotion period of this RMB Fixed Deposit Offer is from now until 31 December 2024 (both dates inclusive)(the "Promotion Period").
2. This offer is limited and available on a first-come first-served basis.
3. The preferential interest rate is for reference only and will be subject to the rates as quoted by Dah Sing Bank, Limited (the "Bank") from time to time.
4. This RMB Fixed Deposit offer is only applicable to customer who sets up a RMB Fixed Deposit through the Bank's branch with New Fund (as defined in Clause 5 below) during the Promotion Period. The minimum amount of fixed deposit is RMB100,000 (or equivalent) for each time. RMB Fixed Deposit interest rate is subject to change according to the market environment and is based on the interest rate provided by the Bank during setting up of the RMB Fixed Deposit.
5. "New Fund" refers to funds that are newly deposited into the Bank by customers, using a cheque drawn on other bank, inward CHATS, Faster Payment System or Telegraphic Transfer but excluding fund transfer from the existing Dah Sing Bank account. In case of any disputes in relation to the definition of New Fund, the decision of the Bank shall be final. For enquiry on the definition, please contact the Bank staff. In the event of placing fixed deposit with New Fund denominated in currencies other than RMB, the relevant amount will be converted into RMB according to the Bank's relevant prevailing foreign currency exchange rates at the time of conversion.
6. Interest rate of fixed deposit and its subsequent renewal is subject to the Bank's prevailing interest rate.
7. This offer is only applicable to personal customer, and is not applicable to commercial customer.
8. This offer is not applicable to RMB Fixed Deposit account opened and placed through Dah Sing e-Banking / Mobile Banking / Phone Banking service.
9. This offer is not applicable to fixed deposit renewals.
10. For the details, terms and conditions and the fees and charges of RMB Fixed Deposit, please refer to the "Master Terms and Conditions" and the "Bank Service Charges" of the Bank or contact the Bank staff.
11. The Bank reserves the rights to amend these terms and conditions and / or terminate this offer at any time without prior notice. In case of disputes arising out of this promotion, the decision of the Bank shall be final and conclusive.
12. Please refer to the relevant information shown on the Deposit Confirmation or Deposit Renewal of the relevant transaction for the actual currency exchange rates and interest rates offered to customer at the time of transaction.
13. Foreign currency trading involves risk. Fluctuations in the exchange rates of currencies may result in gains or losses in the case where the customer converts RMB / any foreign currency into HKD / any foreign currency.
14. These terms and conditions shall be governed by and construed in accordance with the laws of Hong Kong SAR. Any dispute arising under these terms and conditions shall be subject to the non-exclusive jurisdiction of the courts of Hong Kong SAR.
15. In the event of inconsistency between English and Chinese versions of this material, the English version shall prevail.

Risk Disclosure:

Foreign Currency Trading
Foreign currency trading involves risks. Foreign currency investments are subject to exchange rate fluctuation which may provide both opportunities and risks. The fluctuation in the exchange rate of foreign currency may result in losses in the event that the customer converts the foreign currency into Hong Kong dollars or other foreign currencies. Before making investment decision, investors should read and understand the offering documents of such products, including but not restricted to the risk disclosure statement and health warning.

Currency Risk (RMB)
Exchange of RMB to HKD or other currencies is subject to currency exchange rate fluctuation. Customers should bear the risk of RMB exchange rate fluctuations which may cause profit or loss if customer chooses to convert RMB to HKD or other currencies (e.g. upon the maturity of RMB fixed deposit). RMB is currently subject to exchange controls imposed by the PRC government, the exchange rate may be easily affected by change in government policies.

Unless the context requires otherwise, this website does not constitute any offer, invitation or recommendation to any person to enter into any foreign currency transaction nor does it constitute any prediction of likely future movements in prices of any foreign currencies.

This website has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.

The service(s) / product(s) mentioned herein is / are not targeted at customers in the EU.