How to transfer stocks from uSMART Securities to Longbridge?

The process of transferring stocks from uSMART Securities to Longbridge mainly involves two steps: submitting a transfer-in request to Longbridge and submitting a transfer-out request to uSMART Securities. Below are the detailed descriptions for these two steps.

1. Submitting a transfer-in request to Longbridge

Step 1. Go to the Longbridge App > Portfolio > Transfer to submit a transfer-in application. If you have already deposited funds, select Portfolio > More > Share Transfer-In.

Step 2. Fill in stock transfer details.

Fill in the information of the transfer-out broker and your account information at that broker, then click Next.

Step 3. Confirm the information.

Enter the details of the stocks to be transferred into Longbridge. After confirming the details are correct, click Next.

Please note: Longbridge now supports entering the cost price per share (optional).

• If not entered: The cost price per share will be calculated based on the closing price on the day the transfer is completed.
• If you need to enter: Please enter the cost price you actually want to display. After the transfer is completed, profits and losses will be calculated based on the cost price you entered.
• The cost price cannot be modified once it is entered. If you have any questions, please contact customer service.
• Confirm information and submit the request.

Check the information such as the transfer-out broker, stock code, and number of shares, and submit the application if correct. If there are any errors or omissions, please go back to modify.

2. Submitting a transfer-out request to uSMART Securities

Step 1. Obtain the uSMART Securities transfer form.

Path: Go to the official website of uSMART Securities https://usmart8.com/mainland, select Help Center > Download the uSMART account opening form > Settlement Instruction (SI) / Investor Settlement Instruction (ISI).

Step 2. Print the form and fill it out. Longbridge information and an example of filling in the form are as follows:

Longbridge information (Hong Kong stocks):

Longbridge information (US stocks):

Template of Hong Kong stock transfer form

Template of Hong Kong stock transfer form

Template of US stock transfer form

Template of US stock transfer form

Step 3. After completing the transfer form, take a photo of it and send it to uSMART online customer service (live agent), and remind the customer service to process the transfer as soon as possible.

After completing the above process, please wait patiently. The two brokers will contact each other, and once everything is confirmed, the stock transfer process will begin.

Notes:

1. Stock transfers between different brokers are limited to transfers between accounts under the same name.
2. Fees for stock transfer: Longbridge does not charge any fees. Fees may be charged by the broker who transfers the stock out.
3. Time required for stock transfer: The processing time depends on the other broker. Once the other broker transfers the stocks out, Longbridge will deposit them into your account within 1–2 working days.

Disclosures

This article is for reference only. The required confirmation information shall be subject to the actual display. The information in the guide above is for illustrative purposes only.

This article does not constitute any investment advice.