Investor Relations
Uncertificated Securities Market (USM)
An introduction to Hong Kong’s Uncertificated Securities Market (USM) and the Tricor / Vistra USI facility, including how investors can hold shares in their own name, receive dividends and exercise shareholder rights.
What the USM and the USI facility are
Hong Kong’s Uncertificated Securities Market (USM) allows listed securities to be recorded electronically in an investor’s own name, without a paper share certificate. The uncertificated securities facility (USI) is the electronic platform used to open and administer that holding.
Tricor / Vistra provides a USI facility. Through it, a shareholder can view a holding registered in the shareholder’s own name and deal with related corporate actions, rather than holding the shares only through a broker or nominee.
Transfers, dividends and shareholder rights
Holding securities in your own name lets you handle a transfer into your name, receive dividends and other distributions, and exercise shareholder rights such as attending meetings and voting. You keep control of the holding yourself.
The facility is intended to avoid intermediary fees that arise when shares sit in a broker or nominee account, and to shorten the path by which corporate actions reach the shareholder.
How to register
Investors who wish to use the Tricor / Vistra USI facility can register as follows:
- Prepare your Hong Kong identity card or other applicable identification.
- Register online, or attend a Tricor counter in person.
- Complete the basic particulars required to open the securities account.
Registration website: https://eshareholder.hk