Hong Kong stock trading is now available in Early Access, expanding QOVZU’s securities coverage across both the US and Hong Kong markets.
Users who have completed securities account opening can trade stocks and ETFs listed on the Hong Kong Stock Exchange through the QOVZU App or QOVZU Securities API, with access to margin trading, securities borrowing and short selling for eligible securities.
For QOVZU, adding Hong Kong stocks is about more than introducing another market.
More importantly, QOVZU’s existing cross-asset capabilities now extend to Hong Kong stocks. Whether you hold USD, USDT, BTC, ETH or other supported assets, you can choose the funding method that best fits your portfolio and access Hong Kong stock buying power without first moving funds to an external broker.
In other words, the same QOVZU account ecosystem can now connect US stocks, Hong Kong stocks and crypto assets more closely.
This guide covers the products currently supported, the different ways to access Hong Kong stock buying power, trading fees and financing costs, professional trading tools, and how eligible Hong Kong stock positions can be used across markets.
What Does QOVZU Hong Kong Stock Trading Support?
Hong Kong stock trading is currently available in Early Access to users who have completed securities account opening and are using the iOS TestFlight or Android APK test version.
Users can trade Hong Kong stocks within their existing QOVZU securities account, with shared fund management, position management and trading infrastructure across the US and Hong Kong markets.
Current features include:
- Hong Kong stocks and ETFs: Trade supported stocks and ETFs listed on the Hong Kong Stock Exchange. Hong Kong-listed local crypto-asset ETFs are not included in the initial Early Access release.
- Margin trading and short selling: In addition to cash trading, eligible securities can be traded on margin, while supported stocks may also be borrowed and sold short for directional or hedging strategies.
- Unified buying power: Supports USD ↔ HKD currency conversion, as well as the use of eligible US stock and USD buying power for cross-market Hong Kong stock trading.
- Two-way collateral connectivity: Crypto assets can be used for financing or collateral-backed credit to support Hong Kong stock trading, while eligible Hong Kong stock positions can also be pledged to access crypto buying power.
- App + API trading: Place orders directly through the QOVZU App, or integrate Hong Kong stocks into existing strategies through the QOVZU Securities API for professional traders, quantitative teams and institutional users.
Funding Your Account and Accessing Hong Kong Stock Buying Power
For investors who already hold crypto or securities, the biggest friction in trading Hong Kong stocks is often not how to place the trade, but how to turn capital held across different accounts and asset classes into usable Hong Kong stock buying power.
At QOVZU, you do not need to prepare HKD through one fixed funding route.
Stablecoins can be transferred directly into securities-side funds. Crypto assets can be pledged for financing or remain in the original account as collateral for credit. Existing US stock positions and eligible securities buying power can also contribute to the buying power available for Hong Kong stocks.
Once buying power is available, it can be used to trade supported Hong Kong stocks and ETFs.
Example
Suppose your crypto trading account holds approximately HK$100,000 equivalent in USDT, together with some BTC, while your securities account contains US stock positions and USD cash.
You want around HK$80,000 in Hong Kong stock buying power to purchase a stock you are watching, but you do not want to sell your BTC.
Depending on your portfolio and funding needs, you have several options.
Stablecoin Conversion & Transfer
Transfer approximately HK$80,000 equivalent in USDT from your crypto account and convert it into securities-side funds.
Once credited, the funds can be used to trade Hong Kong stocks without first withdrawing crypto, converting through an external provider, waiting for bank settlement or funding another brokerage account.
Borrow & Transfer (Crypto as Collateral)
If you want to retain your crypto holdings, you can use eligible crypto assets such as BTC or ETH as collateral to borrow funds and transfer the proceeds into your securities account, subject to your available financing limit.
This allows you to retain your crypto exposure while accessing Hong Kong stock buying power.
Credit (Crypto as Collateral)
If you are making a short-term Hong Kong stock trade and do not want to sell BTC or move collateral out of your crypto account, eligible users can share crypto-backed buying power with their securities account under QOVZU’s collateral-backed credit framework.
Note: The collateral-backed credit feature is being rolled out progressively. Please contact Customer Support to apply for access.
USD to HKD Conversion
If your securities account already holds USD cash, you can convert it directly into HKD for Hong Kong stock trading.
This allows you to trade using your own funds without moving assets from another account or incurring financing interest.
Use Existing Securities Buying Power
If your existing US stock and USD buying power already covers the approximately HK$80,000 required for the trade, no additional transfer is necessary.
Available buying power is calculated based on your assets, applicable collateral haircuts and overall account risk.
These methods can be used individually or in combination depending on your funding requirements.
Reducing unnecessary conversions or asset transfers can save withdrawal steps and cross-platform waiting time, but it does not eliminate financing costs. Before using Loan & Transfer, collateral-backed credit or USD buying power to make a Hong Kong stock purchase, review your available limit, applicable interest rate and any interest-free period on the confirmation page.
Key Benefits
- Use USDT to access Hong Kong stocks: Transfer supported stablecoins into securities-side funds without first withdrawing to an external platform or waiting for a bank deposit.
- Keep your crypto exposure while unlocking buying power: BTC, ETH and other eligible crypto assets can support securities buying power through collateral-backed financing or credit.
- Reduce cross-platform fund transfers: Move from crypto assets to Hong Kong stock trading within the QOVZU account ecosystem, reducing the need for withdrawals, bank transfers and funding across external brokers.
How to Access Buying Power
Assets → Transfer → From: “Crypto – Trading Account” → To: “Securities – Securities Account” → Select “Conversion & Transfer,” “Loan & Transfer” or “Credit” → Enter the amount → Review and confirm
If your existing securities buying power is already sufficient, you can go directly to the trading page and check your available buying power without making an additional transfer.
| Method | How You Access Hong Kong Stock Buying Power | Best Suited For |
|---|---|---|
| USDT Transfer | Transfer USDT and convert it into securities-side funds, which can then be used for Hong Kong stock trading. | Users already holding USDT who want to deploy it into Hong Kong stocks |
| Borrow & Transfer (Crypto as Collateral) | Use BTC, ETH or other eligible crypto assets as collateral to borrow funds and transfer them into the securities account. | Users who want Hong Kong stock buying power without selling crypto |
| Credit (Crypto as Collateral) | Use eligible crypto assets as collateral to increase securities buying power. No funds are actually transferred. | Users who want to retain crypto positions and reduce asset transfers |
| USD to HKD Conversion | Convert existing USD cash in the securities account into HKD. | Users with USD cash who prefer to trade using their own funds without financing interest |
| Existing Securities Buying Power | Use buying power already generated by eligible USD cash and securities positions. | Users already holding USD or US stocks who want to allocate directly into Hong Kong stocks |
Trade Hong Kong Stocks and ETFs
Once buying power is available in your securities account, you can trade supported Hong Kong stocks and Hong Kong-listed ETFs directly through QOVZU.
Margin trading and short selling are also supported for eligible securities. Availability is subject to what is displayed on the platform.
Hong Kong Stock Market Mechanics
- Board lot trading: Hong Kong stocks are generally traded in board lots. The system displays the applicable board-lot size for each security. For example, if Tencent Holdings has a board lot of 100 shares and trades at HK$400 per share, one board lot would be worth HK$40,000. Holdings below one board lot are treated as odd lots and may arise from corporate actions such as bonus issues or rights issues.
- No standard 10% daily price limit: Hong Kong stocks are not subject to a market-wide 10% daily price-limit rule.
- T+0 trading: Stocks bought during the day may generally be sold again on the same trading day.
- T+2 settlement: Securities and cash settlement follow a T+2 settlement cycle.
Trading Hours
Hong Kong stocks trade on normal market days from Monday to Friday, excluding public holidays.
| Trading Session | Time | Applicable Order Types |
|---|---|---|
| Pre-opening Session | 09:00–09:30 | At-auction orders (automatically cancelled if unfilled by 09:30); At-auction limit orders |
| Continuous Trading Session | 09:30–12:00 13:00–16:00 |
Limit orders, market orders, advanced algorithmic orders, etc. |
| Closing Auction Session | 16:00–approx. 16:10 | Closing auction orders |
Order Types and Professional Trading Tools
QOVZU supports 14 order types designed for different execution strategies.
- Basic execution and price control: Limit Order and At-auction Limit Order.
- Fast execution: Market Order and At-auction Order, designed to execute at available market prices without guaranteeing the final execution price.
- Risk management and conditional execution: Stop Order, Trailing Stop Order, Conditional Order, OCA/Bracket Orders and Attached Orders.
- Large-order execution and algorithmic trading: Iceberg, TWAP and VWAP.
- Programmatic trading: Standard Securities API access using the same account and buying-power pool.
How to Trade
Trade → Hong Kong Stocks → Select a security → Check board-lot size → Select order type and trading session → Review buying power and estimated fees → Confirm order
Key Benefits
- Actual Hong Kong stock positions: Hold underlying Hong Kong-listed securities rather than CFDs or price-tracking tokens. Trades are cleared through a licensed broker and securities are held through CCASS.
- Professional execution tools: Access 14 order types covering basic execution, stop-loss controls, conditional orders and algorithmic execution for larger trades.
- One securities account across the US and Hong Kong markets: Trade US stocks, US ETFs, US stock options, Hong Kong stocks and Hong Kong ETFs within the same securities account.
- Unified buying power: Cash and eligible securities positions are assessed together to calculate available buying power, reducing fragmentation between the US and Hong Kong markets and across asset classes.
Fees, Margin Financing and Short Selling
Hong Kong stock trading costs consist of QOVZU commission plus third-party charges.
QOVZU does not charge an additional platform fee. Commission is calculated based on transaction value and account VIP tier, with a minimum charge of HK$4 per order.
Among third-party charges, stamp duty is typically the largest component.
Using a trade value of approximately HK$40,000 as an example, stamp duty at 0.1% of transaction value would be approximately HK$40, rounded up as applicable.
If the calculated QOVZU commission falls below the minimum, the HK$4 minimum commission applies.
Trading fees, the SFC transaction levy, AFRC transaction levy and settlement fees are charged separately, and most of these charges apply on both purchases and sales.
Always review the total estimated cost on the order confirmation page rather than estimating the transaction based on commission alone.
| Fee | Standard | Charged By |
|---|---|---|
| Commission | Based on VIP tier. VIP0: 0.050% of transaction value, minimum HK$4 | QOVZU |
| Trading Fee | 0.00565% × transaction value, minimum HK$0.01 | HKEX |
| Stamp Duty | 0.1% × transaction value, rounded up, minimum HK$1 | Hong Kong Government |
| SFC Transaction Levy | 0.0027% × transaction value, minimum HK$0.01 | Securities and Futures Commission |
| AFRC Transaction Levy | 0.00015% × transaction value, minimum HK$0.01 | Accounting and Financial Reporting Council |
| Settlement Fee | 0.0042% × transaction value, minimum HK$2 and maximum HK$100 | Hong Kong Securities Clearing Company |
When using Loan & Transfer, collateral-backed credit or USD buying power to make a direct purchase, financing interest may apply separately.
HKD financing interest accrues daily and is settled monthly. The VIP0 annualized rate is 6.80%, while higher account tiers may access rates as low as 5.40% during Early Access.
Please refer to your account page for the applicable rate on the day of the transaction.
Short selling is available only for securities supported for stock borrowing on the platform.
Available borrow quantity and rates may change depending on security-specific risk and liquidity. Borrowing interest begins accruing from T+2 following execution.
Check the current borrowing rate for the relevant security before submitting the order.
Incoming stock transfers are free of charge. Outgoing stock transfers are charged at HK$500 per stock per transfer.
For detailed fee rates, please refer to: https://service.qovzu.io/hc/en-us/articles/17610134632847
Bring Hong Kong Stock Positions into Unified Margin
Once eligible Hong Kong stock positions are included in QOVZU’s unified margin framework, they can be used in much the same way as eligible US stock assets to access financing capacity.
Through QOVZU’s Loan & Transfer feature, eligible Hong Kong stock positions can support financing that may then be used to access crypto buying power and participate in crypto trading.
The reverse also applies: eligible crypto assets can be pledged through Loan & Transfer to access securities-side funds and create Hong Kong stock buying power.
Suppose you have already purchased and settled a Hong Kong stock position and want to access crypto buying power without selling the shares.
From the Assets page, you can select the relevant position, review the crypto buying power available after pledging it together with the resulting change in account risk, and then confirm.
Pledging a position may reduce the quantity available for sale. Whether positions that have not yet completed T+2 settlement are eligible to be pledged is subject to what is displayed on the position page.
How It Works
Assets → Select the relevant Hong Kong stock position → Follow the prompts to pledge the position → Review available crypto buying power and changes to account risk → Confirm
Key Benefits
- Keep your Hong Kong stock exposure while unlocking crypto buying power: Eligible Hong Kong stock positions can be used as collateral to access financing without first selling the underlying shares.
- Two-way crypto-to-securities buying power: Crypto assets can support Hong Kong stock buying power, while Hong Kong stock positions can in turn support crypto trading.
- One asset, multiple markets: Bringing Hong Kong stock positions into the unified margin framework can improve cross-market capital efficiency and reduce the need to repeatedly sell or transfer assets when moving between markets.
Dividends, bonus shares, rights issues, stock splits and consolidations are processed into your account through the relevant corporate-action procedures.
Bonus shares and rights issues may result in odd-lot positions. Tradable rights entitlements may be sold, while non-tradable rights can only be exercised or allowed to lapse.
Trade Hong Kong Stocks with USDT on QOVZU
QOVZU is designed to do more than provide several ways to turn crypto holdings into Hong Kong stock buying power.
It brings funding, Hong Kong stock trading and the reuse of existing positions into the same account ecosystem.
In practice, you can:
- Access Hong Kong stock buying power through USDT transfers, BTC-backed borrowing of USDG, or collateral-backed credit where eligible. If your existing US stock or crypto-backed buying power is already sufficient, no additional funding may be required.
- Trade underlying Hong Kong stocks and ETFs through the QOVZU App or Securities API.
- Review the full cost before trading, including commission, stamp duty, financing interest and stock-borrowing costs.
- Pledge eligible Hong Kong stock positions for crypto buying power without first selling the underlying shares.
Within the unified account ecosystem, USD, stablecoins, crypto assets and eligible Hong Kong stock positions can be deployed across markets subject to applicable rules.
This can reduce cross-platform fund transfers and reduce the need to sell BTC simply to access opportunities in the Hong Kong market.
Hong Kong stocks currently do not support stock-to-token conversion, and HKD withdrawals are not yet available. Availability of both features is subject to future platform rollout arrangements.
Register with QOVZU and open a securities account to access Hong Kong stocks with USDT:
https://www.qovzu.io/en-US/register
Disclaimer
This material is provided for educational and informational purposes only and does not constitute investment, trading, legal, tax or financial advice.
The availability of platform services, account permissions, products, margin rules, risk parameters, fees and related arrangements is subject to the information displayed on the platform, applicable client agreements, account-opening documentation and official announcements.
Trading in crypto assets, securities and derivatives involves risk. Users should carefully assess their individual circumstances before trading.