Cash Plus FAQ Summary

Is the Cash Plus suitable for me?

Trade stocks as you please

Stock trading is unrestricted and there is no need to worry about missing out on market opportunities. (Funds can be used at any time while idle funds generate certain returns [available in real-time, T+1 is advisable])

Disposable income added value

This offers clients cash value-added services which not only meet their needs to buy stocks at any time, but also generate returns from their idle funds. (Professional investment management capabilities are used to select high-quality and robust investment products.)

Get Set Once and For All

Sign a one-time contract for automatic subscriptions with no need to subscribe manually.

Low Risk

The excess funds facility mainly invests in highly secure money market funds with low risk and low volatility (the underlying fund has designed a three-tier firewall to actively manage diversified investment targets, keep cash in portfolios, and set up safety cushions and other channels through which to satisfy investors' liquidity needs on the basis of generating returns) , meeting the liquidity needs of investors on the basis of generating returns.

Start at a Penny

Low threshold, no capital limits for single accounts, receive income throughout the year.

Can Cash Plus be redeemed manually?

Yes, customers can apply for redemption at any time on the Cash Plus page. If the redemption request is submitted before 9:10 am on the trading day, the redeemed funds will not be automatically transferred to Cash Plus within 3 natural days (if the redemption is submitted later than 9:10 am on the T-day, the redeemed funds will not be automatically transferred to Cash Plus within T+3 days). The redeemed funds can be immediately used for stock trading, IPO subscription, currency exchange, and withdrawal. The redemption funds will be credited on T+1 at the latest.In addition, Cash Plus will automatically subscribe or redeem according to the balance of your securities account:

Auto-Subscription

One time set-up. Once successful, cash will be automatically invested into the money market fund daily at a fixed time with 0 subscription fee.

Auto-Redemption

Cash Plus supports shares payment or other investment purchases. After settlement, the system will automatically redeem the fund based on your securities account for payment with 0 redemption cost.

Can Cash Plus be used for currency conversion and withdrawal?

In the withdrawal application, the system assists the customer in redeeming the corresponding amount of money market funds (redemption generally takes 2 trading days to settle). Once the redemption settles, the funds are automatically withdrawn as per the normal processing time.

If you want to perform currency conversion or offset debit balance, please manually redeem the funds in Cash Plus first, and then submit currency conversion & debit balance offset requests after the redemption has been completed.

Does Cash Plus support IPO subscription?

We may support customers to use funds in Cash Plus to subscribe for IPO, but it is not guaranteed. If the subscription time is later than 9:30 am on the trading day before the subscription deadline, the funds redemption may not be completed before the subscription deadline, and hence, funds in Cash Plus cannot be used to apply for IPO. Please check with our customer service for details if needed and it is recommended to subscribe for IPO as early as possible.

Can Cash Plus be used to deduct transfer fees?

Currently, Cash Plus does not support the payment of transfer fees. If all customer cash has been transferred into Cash Plus and transfer fees are incurred, the fees will be paid through financing. Financing interest rates can be viewed in "My" - "My Rates".

How are returns calculated?

For inbound transfers before 9:10 a.m. on the Hong Kong trading day, the units are confirmed and returns are calculated on the same day, with the returns distributed on the next trading day. Inbound transfers after 9:10 a.m. will be deferred by one trading day.

For example:

Scenario 1: If an inbound transfer is requested at 8:30 a.m. on Monday, then the units confirmation/calculation of returns will be processed on Monday, and the distributed returns will be received on Tuesday.

Scenario 2: If an inbound transfer is requested at 3:30 p.m. on Monday, then the units confirmation/calculation of returns will be processed on Tuesday, and the distributed returns will be received on Wednesday.

How long does it take for the money to be credited after the Cash Plus service is closed?

When funds have been transferred to Cash Plus but shares have not yet been confirmed, or when a customer already holds a position in Cash Plus and then manually closes the Cash Plus service, the system will redeem on the nearest trading day, and the redeemed funds will be credited by no later than the next business day (T+1).