This is the first mention of pricing I've seen for the HKEX offering too.
I assume the logic behind the '88' HKD price is derived from the fact that the number '8' is perceived to be lucky/associated with wealth in Chinese culture - however, this translates to ~15.59 AUD at current FX rates. Still much cheaper than the competition (as seen above), although I found the deviation from their $9.50 pricing convention to be interesting.
Interestingly, Philip Capital appear to be charging a 0.10% brokerage rate on all HKEX trades on their platform. I assume these rates are purely for retail investors and SWF will have negotiated much better terms - hopefully they have been able to negotiate some sort of flat-fee or tiered pricing system per trade. I wonder what margins SWF are expecting on HKEX trades?
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