What is Cash Plus?

Cash Plus is a wealth management tool that automatically invests idle cash from your securities accounts into funds (denominated in HKD or USD). It allows you to keep your money flexible while enhancing your returns. Your idle cash can be used at any time for stock trading, IPO subscription, fund trading, structured product trading, or cash withdrawals, while earning higher returns than demand deposits. Interest accrues even when the Hong Kong stock market is closed.

1.Introduction to Cash Plus

Cash Plus is a financial product we offer for idle funds. It provides cash value-added services, meeting your needs for stock purchasing at any time while generating returns on idle funds. Currently, it includes funds denominated in HKD and USD.

Stock trading without restrictions: No need to worry about missing market opportunities.
Efficient use of idle cash: Automatically invest your cash balance into funds every day.
Seamless liquidity: Any activity—buying stocks, subscribing for IPOs, investing in funds or structured products, or making withdrawals—will trigger automatic redemption from Cash Plus.
Higher returns than demand deposits: Earn returns even during weekends and market holidays.

2. Trading rules

Automatic subscription

After you sign the Balance Fund Service Authorization, any idle cash in your securities account will be automatically invested into the corresponding fund. When your funds are in the subscription process, they are not available as cash, but are still considered as your buying power.

Designated time for subscription and redemption: Cash Plus handles subscriptions and redemptions automatically each day at a fixed designated time. You don't need to agree on a specific trading time. The designated time for the new version of Cash Plus is 8:30, and for the previous version, it is 9:10. Note: This article uses 8:30, the new version's designated time.

How to distinguish versions: If you can allocate subscription funds via the Longbridge App under Portfolio > Cash > Cash Plus, you have the new version.

Each fund sets its own subscription and redemption deadline. Manual subscription and redemption orders placed between the automatic time and the fund's deadline will also be processed as T-Day orders. Example: The automatic subscription and redemption time of Cash Plus is 8:30, and a fund's deadline is 9:10. If you manually subscribe to this fund at 9:00, this order will be processed on T-Day and added to your Cash Plus holdings after clearing and settlement.

Automatic redemption

When deductions occur (e.g., for purchasing stocks, options, funds, structured products, and other products, IPO subscriptions, withdrawals, or repayments), your fund holdings will be automatically redeemed as needed. If you close Cash Plus, all holdings will be redeemed.

Manual redemption

Cash Plus supports manual redemption. You may submit redemption requests at any time on the Cash Plus page. If the request is submitted before the designated time on T-Day, redeemed funds will not be automatically reinvested into Cash Plus within 3 calendar days. If the request is submitted after the designated time on T-Day, redeemed funds will not be automatically reinvested until T+3. After the redeemed funds arrive, they can be immediately used for stock trading, IPO subscriptions, currency exchange, or withdrawals. The redeemed funds will arrive in your account by T+1.

Cycle

Deposited funds will be transferred to the fund, and interest will start accruing, within one working day after the deposit. Note: The time is calculated based on the statutory working days in Hong Kong, and will be postponed on holidays.

Cash Plus earnings calculation

Cash Plus activation time	T-1 8:30–T-Day 8:30
Fund subscription time	T-Day 8:30
Earnings start accruing	T-Day
First earnings display day	T+1

Note: T-Day and T+1 are Hong Kong trading days. If they fall on holidays, the processing time will be postponed accordingly. If no margin financing, short selling, or other trading occurs and cash balances remain unchanged between T-Day 8:30 and T+1 8:30, redemption amounts will be 0. The time for automatic subscription/redemption may vary by fund, usually between 8:30 and 9:10.

Calculation of 7-day earnings and 7-day annualized yield

"7-day" refers to the latest 7 trading days.

Note: Calculated based on Hong Kong statutory working days.

Key takeaways:

Trading mechanism

- Automatic subscription: Idle cash is automatically invested daily upon your authorization.

- Automatic redemption: Holdings are automatically liquidated to cover deductions for trading, withdrawals, or other requirements.

- Manual redemption: Supported at any time; redeemed funds arrive by T+1 and can be immediately used for trading.

Earnings and time rules

Interest accrual starts on the same day of subscription (T-Day), and the first earnings will be displayed on T+1.

7-day earnings and 7-day annualized yield are calculated based on the latest 7 Hong Kong stock trading days.

During holidays, the processing time will be postponed, and interest accrues continuously.

Disclosures

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