Risk Disclosure Statement for Bond Trading

The following risk disclosure statements cannot disclose all the risks involved. You should undertake your own research and study before you trade or invest. You should carefully consider whether trading or investment is suitable in light of your own financial position and investment objectives. You are advised to seek independent financial and professional advice before you trade or invest。

Investment involves risks. The price of bonds can and does fluctuate and any individual bond may experience upward or downward movements, and may even become valueless. There is an inherent risk that losses may be incurred rather than profit made as a result of buying and selling bonds. It is as likely that losses will be incurred rather than profit made as a result of buying and selling debt securities. The holder of bonds bears the credit risk of the issuer and has no recourse to BOCI Securities Limited。