Fund Subscription and Redemption Rules
Fund transactions are processed based on the trading day (T day), with 12:00 (China standard time) as the cutoff. Units purchased before the cutoff will be confirmed within T+3. Proceeds from fund redemptions may take up to 7 trading days to be credited to your account. Specific rules and amount limits are subject to the product details.
1. Purchase rules
Purchase process
| Purchase process | Example | |
| Place a purchase order | Before 12:00 on T Day | Before 12:00 on Mar 2, 2020 |
| Confirm units | Estimate on T+3 | Expected to confirm purchased units on Mar 4, 2020 |
| View returns | Estimate on T+4 | Expected to view returns on Mar 5, 2020 |
Note: T day refers to the trading day. 12:00 (China standard time) is the cutoff: Orders placed before 12:00 (excluding 12:00) are considered as placed on T day. Orders placed at or after 12:00 are considered as placed on T+1. Weekends and public holidays (subject to the country where the fund company is located) are non-trading days.
Trading Amount
- Minimum purchase amount: Please check the fund details page.
- Subsequent purchases: Please check the fund details page.
Order cancellation rules
- Orders placed before 12:00 on T day can be canceled.
- Orders placed after 12:00 on T Day cannot be canceled. You need to wait for the units to be confirmed, and can apply to sell on the second trading day after confirmation.
2. Selling rules
Selling process
| Selling process | Example | |
| Place a sell order | Before 12:00 on T Day | Before 12:00 on Mar 9, 2020 |
| Confirm net worth | T+3 | Expected to confirm net worth on Mar 11, 2020 (net worth of Mar 9) |
| Funds arrive | Within 7 trading days | Funds are expected to arrive by March 17, 2020 |
Note: T day refers to the trading day. 12:00 (China standard time) is the cutoff: Orders placed before 12:00 (excluding 12:00) are considered as placed on T day. Orders placed at or after 12:00 are considered as placed on T+1. Weekends and public holidays (subject to the country where the fund company is located) are non-trading days.
Trading Amount
- Minimum holding units/amount: Please check the fund details page.
- Minimum selling units: Please check the fund details page.
Order cancellation rules
Go to the fund trading records page to apply for order cancellation, which takes effect on the same day.
Key takeaways:
- Purchase rules
- Cut-off time: Place an order before 12:00 (exclusive) on the trading day (T day) (China standard time).
- Unit confirmation: Units are confirmed on T+3 (postponed for non-trading days).
- View returns: T+4
- Cancellation: Orders can be canceled before 12:00 on T Day; not allowed after.
- Selling rules
- Cut-off time: Place the sell order before 12:00 on T day.
- Funds arrival: Funds arrive within 7 trading days after net worth confirmation (net worth confirmed on T+3).
- Cancellation: Sell orders can be canceled on the submission day (operated through the fund trading record page).
Disclosures
This article is for reference only and does not constitute any investment advice.
Office hours of HK Hotline and Whatsapp: 9:00 - 18:00 * (GMT+8) on trading days
Office hours of Global Hotline: Trading days 24 hours; Non-trading days 9:00 - 18:00 * (GMT+8)
Outside of the above service hours, if you have any questions, please contact our online customer service.
Office hours of online customer service:
© 2026 Longbridge
* Offers are subject to terms and conditions
A licensed corporation recognized by the SFC (CE No. BPX066). Holder of License Types 1 (Dealing in Securities), 2 (Dealing in Futures Contracts), 4 (Advising on Securities) and 9 (Asset Management). Also a registered HKEX participant and HKSCC participant.
Registered with the Monetary Authority of Singapore (MAS), Long Bridge Securities Pte. Ltd. is a Capital Markets Services Licence holder and Exempt Financial Adviser (Licence No. CMS101211).
A broker dealer registered with the Securities and Exchange Commission (SEC)(CRD: 314519/SEC: 8-70711), a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).
New Zealand registered Financial Service Provider (FSP number: FS600050) and a member of the Financial Dispute Resolution Scheme, a New Zealand independent dispute resolution service provider.
The content and materials published here on this website is for general information only and should not be regarded or deemed to be an offer, invitation, or solicitation, recommendation or advice to buy, sell, subscribe or dispose of any investment products or financial services. It does not take into account the specific personal circumstances, investment objectives, financial situation or particular needs of a person and may be subject to change without notice.
Please consult your financial or other professional advisers if you are unsure about the information contained herein. Investments involve risks. Be aware that investments may increase or decrease in value and that past performance is no guarantee of future returns, you may not get back the amount originally invested. You should not make any investment decision based on this content alone.