How to transfer stocks from Homaer to Longbridge?

The process of transferring stocks from Homaer to Longbridge mainly involves two steps: submitting a transfer-in request to Longbridge and submitting a transfer-out request to Interactive Brokers (IB). 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 the transfer information (Below is an example for US stocks. If you want to transfer Hong Kong stocks, please fill in the Hong Kong stock information). Select IB as the transfer-out broker, enter the account holder's name and account number, click Next, and fill in the stock information.

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.

Step 3. Confirm stock transfer details and submit the transfer application.

2. Submitting a transfer-out request to IB

Step 1. Log in to the official website of IB to submit an application for transferring stocks out.

Contact your Homaer account manager to obtain IB account information.
Log in to the IB official website: https://www.interactivebrokers.com.hk/en/home.php.

Step 2. Submit instructions for transferring stocks out.

Hong Kong stocks

(1) Path: Transfer & Pay > Transfer Positions > Transfer Out > Basic FOP Transfer

(2) Broker information

Financial institution	Long Bridge HK Limited
Your or your broker's account number at the above financial institution:	B02195+ your Longbridge account number (starting with H), such as B02195+H1234567
Account name	Your account name (in English)
Contact:	Settlement Team
Phone	(+852) 3585 8944 / (+852) 3585 8915
Email	settlement@longbridge.hk

Click Help > Funds & Transfers > Share Transfer >Transfer In Stock Details to view Longbridge information for stock transfer-in.

US stocks

(1) Submit the application via the Message Center on the IB website.

(2) In the IB account, select Help > Support Center in the upper right corner.

(3) Select Message Center.

(4) Select Compose > New Ticket > Funds & Banking > Position Transfers.

(5) Fill in the new ticket and click Preview Ticket.

Subject: Transfer US position to another IB broker. Body: Please transfer the following share(s) to U11928885. Details listed as below: A/C Name: Long Bridge HK Limited. A/C No.: U11928885. Stock Name: XXX (Name of the stock to be transferred). Symbol: XXXX.US (stock symbol). Quantity: (number of shares). Settlement Date: When transferring US stocks, there is a time difference in communication between brokers. You are advised to set the settlement date to the next day (e.g., if you submit the transfer application to IB on September 20, set the settlement date to September 21) to ensure timely confirmation of your transfer. No change in beneficial owner (confirm that the transfer is between accounts under the same name). Account: Select your IB account (starting with U).

(6) After submission, IB will generate a ticket number. Please provide this ticket number to your Longbridge account manager.

Step 3. Contact IB to obtain a letter of authorization, fill it out and submit it.

After submitting the application in Message Center, you can phone IB to obtain a letter of authorization. IB Shanghai customer service: +86 (21) 6086 8586 (Monday to Friday: 09:00–18:00); IB Hong Kong (China) customer service: +852-2156-7907 (Monday to Friday: 08:00–17:00). Click here to see customer service information for other regions. Fill in and submit the letter of authorization. An example of the letter is as follows:

A letter of authorization

Step 4. After the above operations are completed, contact your Homaer account manager to submit a ticket at Homaer.

Notes:

Stock transfers between different brokers are limited to transfers between accounts under the same name.
Fees for stock transfer: Longbridge does not charge any fees. Fees may be charged by the broker who transfers the stock out.
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.