This topic describes the billing method and prices of CloudQuotation for Hong Kong Exchanges and Clearing Limited (HKEX).

Billing method

CloudQuotation adopts the pay-as-you-go billing method. Users who are eligible for CloudQuotation report their usage in a billing cycle and are billed based on the reported usage.
  • Billing cycle
    Users of CloudQuotation are monthly billed. A part of a month is calculated as a whole month. Before 18:00 on the last day of each month, you must truthfully report your usage from different terminals in the current month.
    Note If you fail to truthfully or promptly report your usage, your services will be suspended and you may face auditing that is performed by exchanges.
  • Billing items and prices

    After you report your usage before 18:00 on the last day of each month, Alibaba Cloud generates a bill before the third day of the following month. You must pay for your usage that occurred during the last month within the specified period, which is 7 to 15 days after a bill is generated. If you do not pay for the bill within the specified period, Alibaba Cloud suspends CloudQuotation data services that are provided to you.

    CloudQuotation uses a pricing ladder to calculate your bill. The final charge differs based on the number of reported users who use different terminals and the regions to which they belong. The following table describes the detailed pricing ladder.
    Note Fee to be paid = Basic fee + Number of reported users who use PCs in policy regions × Unit price + Number of reported users who use PCs in non-policy regions × Unit price + Number of reported users who use apps in policy regions × Unit price + Number of reported users who use apps in non-policy regions × Unit price
Edition Basic fee PC App
Non-Policy Policy Non-Policy Policy
SEC Standard Edition $17,000.00 $18.00 $18.00 $18.00 $0.80
SEC Standard Edition PLUS $18,000.00 $30.00 $12.00 $30.00 $0.80
SEC Advanced Edition $19,000.00 $30.00 $12.00 $30.00 $0.80
SEC Advanced Edition PLUS $20,000.00 $60.00 $60.00 $60.00 $60.00
DER Standard Edition $12,000.00 $4.00 $4.00 $4.00 $4.00
DER Standard Edition PLUS $13,000.00 $12.00 $12.00 $12.00 $12.00
DER Advanced Edition $14,000.00 $12.00 $12.00 $12.00 $12.00
DER Advanced Edition PLUS $15,000.00 $45.00 $45.00 $45.00 $45.00

Price calculation example

Assume that you use SEC Standard Edition. You have 20 users who use apps in non-policy regions and 5,000 users who use apps in policy regions. After you report the usage, the fee that you must pay is calculated based on the following formula: Fee to be paid (USD 21,360.00) = Basic fee (USD 17,000.00) + Number of reported users who use apps in policy regions (5,000) × Unit price (USD 0.80) + Number of reported users who use apps in non-policy regions (20) × Unit price (USD 18.00)

Definition of policy regions

A policy region refers to a country or region where CloudQuotation for Hong Kong stocks offers discounts in a specific period. Users can apply for the discounts after they activate CloudQuotation for Hong Kong stocks.
  • SEC editions offer discounts for individual and enterprise users in mainland China before December 31, 2021.
  • DER editions offer discounts for individual and enterprise users in eight countries or regions, including India, South Korea, Malaysia, mainland China, Taiwan (China), Thailand, Vietnam, and Singapore, before December 31, 2021. To apply for discounts provided by DER editions, download and fill in the enrollment form.