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Tool Indicative · Illustrative Only

Indicative LTV calculator.

A simple, transparent way to see how the drivers of a Hong Kong stock loan — liquidity, volatility, sector, concentration, and recourse — move an indicative loan-to-value range. It is an illustration to inform a conversation, not a quote.

Illustrative / indicative only This calculator is an educational illustration, not an offer, quote, or advice. It outputs a range, never a firm number, and no rate or LTV grid is published by this firm. Actual terms are set case by case after a review of the specific position. All figures are computed in your browser; nothing you enter is collected or transmitted.

01 · The Tool
Adjust the Inputs

Six factors, one indicative range.

Every field has a plain-language effect on the range, explained in the result below. Nothing here is submitted anywhere.

Indicative range — illustrative only
Indicative LTV
~50–60%
Typical tenor
12–36 months

Adjust the factors above to see how each moves the indicative range.

    This is a range produced by a fixed illustrative heuristic (see the methodology below); it is not a quote, an offer, or advice, and the true figure for any position is set only after review.

    02 · Methodology
    How the Range Is Built

    A transparent, disclosed heuristic.

    There is no secret in this tool, and no proprietary model behind it. It applies a fixed, published set of adjustments to a broad starting band, in the open, so that the reasoning is legible rather than hidden.

    1. 1Start from a broad band. The calculation begins from an illustrative band for a liquid, stable, large-cap HKEX position — the kind of collateral a lender can exit in an orderly way. This is the upper reference point, not a promise; the firm publishes no rate or LTV grid.
    2. 2Adjust for liquidity and free float. The thinner the free float and the larger the position relative to average daily traded value, the harder the collateral is to realise, and the lower the indicative band. This is the single most consequential input.
    3. 3Adjust for volatility. A more volatile price warrants a wider haircut, so the band moves down as volatility rises.
    4. 4Adjust for sector. Stable, long-listed property and financial holdings sit near the top; a pre-revenue Chapter 18A biotech or Chapter 18C specialist-technology name is financed far more conservatively — often at roughly half the band — because a single milestone can re-rate it.
    5. 5Adjust for concentration. A controlling or founder block is, by definition, most of what is not free float, and its enforcement carries disclosure and Takeovers-Code consequences; concentration compresses the band.
    6. 6Adjust for recourse. A non-recourse structure prices above, and lends less against, a full-recourse one, so requiring non-recourse moves the band down; accepting recourse moves it up.

    The tool then presents the adjusted result as a range with a typical tenor, and never as a single precise number. The output is deliberately coarse: it is meant to show direction and rough magnitude, which is all any general heuristic can honestly offer. The band it uses as a starting point, and every adjustment, are consistent with the drivers set out in Stock Loans and in which HKEX stocks can be pledged. A real indicative figure depends on the specific ticker and is issued only after review.

    This page and its calculator are educational and do not constitute legal, regulatory, tax, or investment advice, nor an offer or solicitation. All loan-to-value and tenor figures are indicative and illustrative only; no fixed rate or LTV grid is published, and any indicative terms are issued only after review of a specific position. The calculator runs entirely in your browser and collects no data. Whether and how the SFO Part XV Disclosure of Interests regime, the SFC Codes on Takeovers and Mergers, or the HKEX Listing Rules apply to any transaction is a question for your own Hong Kong legal counsel, engaged in parallel with structuring. Hong Kong Stock Loans acts as an arranger and introducer in collaboration with SFC-licensed counterparties. See our editorial standards and full disclosures.

    03 · Common Questions
    FAQ

    About this calculator.

    Q.01Is the result a quote or an offer?
    No. The result is an illustrative, indicative range produced by a simple published heuristic for educational purposes only. It is not a quote, an offer, a commitment, or advice. This firm does not publish a rate or LTV grid, and actual indicative terms are issued only after a review of the specific position, ticker, and structuring requirements, following a confidential enquiry.
    Q.02How is the indicative range calculated?
    The tool starts from a broad illustrative band for a liquid, stable, large-cap HKEX position and then adjusts within and below that band using the factors you select. Thinner free-float liquidity, higher volatility, higher shareholder concentration, a more specialist or pre-revenue sector, a very large position relative to typical traded value, and a preference for non-recourse structuring each move the range toward the lower end and can shorten the typical tenor. Deeper liquidity, lower volatility, a stable sector, and acceptance of recourse move it toward the higher end. The whole calculation runs in your browser; nothing is transmitted.
    Q.03Why does my sector matter?
    Sector is a proxy for how a position behaves as collateral. A long-listed property or financial holding tends to be more stable and more liquid than a pre-revenue Chapter 18A biotech or a pre-commercial Chapter 18C specialist-technology name, whose value can move by large multiples on a single milestone. Because a lender prices the difficulty and cost of exiting the collateral, more binary or volatile sectors are financed far more conservatively — often at roughly half the band a comparable stable-sector position might support — which the tool reflects. Sector is a starting overlay, not a substitute for reviewing the specific ticker.
    Q.04Does the calculator send my inputs anywhere?
    No. The calculator is entirely client-side. It makes no network calls, stores nothing, and collects no personal data. Your inputs never leave your device. You can review the page source to confirm the logic and the absence of any submission.
    Q.05What should I do with the result?
    Treat it as a way to understand which factors move an indicative LTV, and roughly in which direction, before a conversation — not as a number to rely on. If the position and the objective are real, the next step is a confidential enquiry, after which indicative terms are prepared case by case, typically within 1 to 2 business days of a position review.

    For the drivers in prose, see which HKEX stocks can be pledged and the glossary. To weigh a loan against a sale, margin, or a collar, see ways to raise liquidity from HKEX shares, compared.

    For a real indicative figure, begin with one message.

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