---
title: "Money Market Fund Subscription /Redemption Rules"
description: "Fund trading is based on the fund company's local trading day (T day), with a daily cutoff at 09:05 Hong Kong Time. Specific details are as follows.1. Subscription:T day refers to a fund trading day, with 09:05 as the cutoff. Orders placed before 09:05 are considered as placed on T day. Orders placed at or after 09:05 are considered as placed on T+1 (the next trading day). Weekends and public holidays (subject to the"
slug: "0ubv12"
locale: "en"
region: "hk"
region_label: "Hong Kong"
url: "https://longbridge.com/hk/en/support/topics/1l3qqn2/0ubv12.md"
updated_at: "2025-10-10T09:08:44.000Z"
category: "1l3qqn2"
category_title: "Fund trading"
references:
  related:
    - title: "Fund FAQs"
      url: "https://longbridge.com/hk/en/support/topics/fundtrading/x71sm57.md"
    - title: "Fund Fee Rules"
      url: "https://longbridge.com/hk/en/support/topics/fundtrading/rwx5yn4.md"
    - title: "Fund Subscription and Redemption Rules"
      url: "https://longbridge.com/hk/en/support/topics/fundtrading/uqn2kwo.md"
    - title: "Fund Subscription Agreement（ETF Included）"
      url: "https://longbridge.com/hk/en/support/topics/fundtrading/etf.md"
    - title: "Agreement of Fund Automatic Investment Plan "
      url: "https://longbridge.com/hk/en/support/topics/fundtrading/hk-aip-agreement.md"
---

# Money Market Fund Subscription /Redemption Rules

[Table of Contents](https://longbridge.com/hk/en/support/toc.md)

Fund trading is based on the fund company's local trading day (T day), with a daily cutoff at 09:05 Hong Kong Time. Specific details are as follows.

## 1\. Subscription:

T day refers to a fund trading day, with 09:05 as the cutoff. Orders placed before 09:05 are considered as placed on T day. Orders placed at or after 09:05 are considered as placed on T+1 (the next trading day). Weekends and public holidays (subject to the country where the fund company is located) are non-trading days. For orders placed on T day, the units will be confirmed according to the net worth of the fund on T day. Returns can be viewed starting from the second working day after the units are confirmed.

Order cancellation: You may cancel a submitted order before 09:05 on T Day.

Note: All times mentioned above are in Hong Kong Time.

## 2\. Redemption:

T day refers to a fund trading day, with 09:05 as the cutoff. Orders placed before 09:05 are considered as placed on T day. Orders placed at or after 09:05 are considered as placed on T+1 (the next trading day). Weekends and public holidays (subject to the country where the fund company is located) are non-trading days. For orders placed on T day, the redemption amount will be confirmed according to the net worth of the fund on T day.

Order cancellation: You may cancel a submitted order before 09:05 on T Day.

Note: All times mentioned above are in Hong Kong Time.

Key takeaways:

-   **Cut-off time:** The recognition of the trading day (T day) uses **09:05 Hong Kong Time** as the cutoff (excluding 09:05). Orders placed before this time will be calculated based on the net worth of that day.
-   **Cancellation rule**: Both subscription and redemption orders can be canceled before **09:05 Hong Kong Time on T Day**.
-   **Units and returns:** Returns can be viewed starting from the second working day after the units are confirmed.
-   **Non-trading days**: Weekends and public holidays in the country where the fund company is located are not considered as trading days.

**Disclosures**

*This article is for reference only and does not constitute any investment advice.*

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice. Content provided by [Longbridge](https://longbridge.com).