Capital Protected Investment (CPI) Deposit

Investment involves risks. Prices of foreign exchange may go up or down.


A Capital Protected Investment (CPI) Deposit[1] is a currency-linked structured product involving derivatives, with 100% capital protection at maturity and a chance to enjoy higher potential return. Minimum online investment amount of HKD5,000 only and you can start your forex investment journey with just a few clicks.

100% capital protected, subscribe currency pair in 5 steps

Understand product risk level

Product risk level
Risk Profiling Questionnaire

Key features

If you hold the CPI Deposit until maturity, you can get 100% capital protection. This low-risk investment product helps to reduce capital loss risk amid market fluctuations.

Whether you are an investment beginner or experienced investor, you can subscribe for a CPI Deposit online easily with an investment amount as low as HKD 5,000.

Your potential return / minimum return (if any) is based on the exchange rate movements of the underlying currency pair. Please refer to "How does it work" section for more details.[2]

Investment tenor can be as short as 1 month, providing greater flexibility to achieve your investment goal.

This currency-linked investment offers choices of underlying currency pairs, including AUD / USD, GBP / USD, EUR / USD, USD / JPY, USD / CAD, USD / CHF, NZD / USD and USD / CNH.[3]

There's no handling or management fee to help minimise your investment costs.

Illustrations and information

How does it work

Illustration of CPI deposit

Investor can choose different types of investments according to his/her anticipated exchange rate of the underlying currency pair, namely, Bullish, Bearish or Range.

A CPI deposit can also be classified as American[4] or European[5] according to the basis for determining the type of returns to be received at maturity, which are either potential returns or minimum returns (if any).

At maturity, you can receive the principal and enjoy the following returns (if any) depending on the exchange rate movement of the Underlying Currency Pair :

Scenario Returns (if any) to be received at maturity
Exchange rate of the Underlying Currency Pair moves as you anticipate Principal + Potential Return(s)
Exchange rate of the Underlying Currency Pair moves against your anticipation Principal + Minimum Return(s) (if any)

Please refer to the below examples for illustration.

Step 1
Select “Subscribe online“ on CPI product page ,then choose a desired CPI deposit and click "Subscribe".
Step 1
Log on to Business e-Banking and click “Investments”> "Capital Protected Investment Deposits" > "Subscribe" via left hand side menu > Click "Select Capital Protected Investment Deposit".

Product Documents

CPI Deposit Offering Documents

Other information

Underlying Currency Pairs for reference

Explore our Top10 CPIs in term of transaction volume

FX Investment Corner

Hang Seng FX Experts provide daily FX analysis to you[6]

Bank Account Opening for New Customers

Take a look at the latest CPI deposit promotions

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MaxiInterest Investment Deposit

Special offer

Enjoy Extra 10% p.a. reward (up to HKD600) for first online subscription of HKD10,000 in first month.

  • Enjoy potential interest return
  • May exchange up to 10 different linked currencies at pre-defined exchange rate upon maturity
  • Invest online with just HKD5,000
This is a structured product involving derivatives. The maximum potential gain is limited to the pre-agreed interest rate. Investment involves risks. Price of FX exchange may go up or down. You should read and understand all the relevant product documents/service terms and conditions and risk disclosure statements before making any investment decision.

FX & Precious Metal Margin Trading Services

  • Trade at a leverage ratio up to 15 times
  • Buy / sell amid market ups & downs with trading spread as low as 6 basis points for online trading
Investment involves risks. The risk of loss in leveraged foreign exchange and precious metal trading can be substantial. You may sustain losses in excess of your initial margin funds. You should carefully consider whether FX and precious metal margin trading is suitable for you in light of your own financial position and investment objectives. You should read and understand all the relevant product documents/service terms and conditions and risk disclosure statements before making any investment decision.


Trading service

You can convert the currency in your account prior to placing your CPI deposit order via Personal e-Banking, automated teller machine or visit our branches. Please note that the CPI deposit order will be rejected if the funds in your account are insufficient to convert to the relevant currency.

You can subscribe from 10:00 a.m. to 5:00 p.m. on trading days Monday through Friday (excluding Hong Kong public holidays, half-day trading, or market disruption days).

After setting up the CPI deposit, customer is not allowed to amend, cancel or terminate the CPI deposit before its maturity date.

If you've registered e-Statement / e-Advice Service for your Integrated Account, you can view and download e-Advice via Personal e-Banking or Hang Seng Mobile App. Otherwise, you'll receive paper advices.

Need more help?

Call our 24-hour hotline

FX hotline:
(852) 2822 8233
Personal customer:
(852) 2822 0228
Commercial customer:
(852) 2198 8000

Visit our branches


Other point(s) to note

  1. These pages are not intended to provide or regard as legal or taxation advice, or investment recommendations.
  2. Investors should consult their own tax advisers on relevant tax arrangements.
  3. The liabilities of the Bank in respect of the Currency-Linked Capital Protected Investment Deposit are limited exclusively to an office of the Bank in Hong Kong and instructions in respect of the Currency-Linked Capital Protected Investment Deposit may only be made to, and acted upon by, such office. Any amount relating to the Currency-Linked Capital Protected Investment Deposit is payable exclusively by an office of the Bank in Hong Kong and in its stated currency. The Terms and Conditions of the Currency-Linked Capital Protected Investment Deposit are governed by, and shall be construed in accordance with, the laws of Hong Kong.
  4. Investors may contact our staff if investors have any feedback or complaint in relation to our services or call our hotline at 2998 9898. We will respond to investors within a reasonable period of time normally not exceeding 30 days in general circumstances. Investors may contact the Hong Kong Monetary Authority at 55th Floor Two International Finance Centre, 8 Finance Street, Central, Hong Kong if investors are not satisfied with our handling of their complaint.
  5. Hang Seng Bank Limited is a Registered Licensed Bank under the Banking Ordinance.
  6. All Currency-Linked Capital Protected Investment Deposit cannot be cancelled after subscription.


  1. Investment in this product is subject to the credit risk of the Bank. If the Bank becomes insolvent or defaults on its obligations under this product, you can only claim as an unsecured creditor of the Bank. In the worst case, you could suffer a total loss of your investment amount.
  2. Guaranteed minimum return applies to certain investment tranches only. Investors should refer to the relevant term sheet for details.
  3. If Renminbi is one of the currency in the Underlying Currency Pair, the relevant exchange rates will be quoted in offshore Renminbi (CNH).
  4. Evaluate underlying currency pairs performance during whole investment period.
  5. Evaluate underlying currency pairs performance on the final exchange rate determination date or on each coupon determination date.
  6. This information provided by the Bank is for general information and reference only, and does not constitute, nor is it intended to be, nor should it be construed as any professional advice, offer, solicitation, or recommendation to deal in any investments. Please refer to the full disclaimer in the relevant information.
  7. For the full list of Foreign Currency Investment Products, please visit “Investments” “Foreign Currency Investments” Section.