Subscription Time

• Standard subscriptions usually close at 09:00 a.m. on the public cut-off date;
• Bank financing subscriptions usually close at 11:00 a.m. on the previous trading day of the public cut-off date. (please refer to the subscription page for details. Different stocks may have different cut-off dates)

For example, if the public cut-off date of the exchange is August 16 (Monday), 2021, the closing time for standard subscriptions is 09:00 a.m. on August 16 (Monday), 2021; for bank financing subscriptions, the closing time is 11:00 a.m. on August 13 (Friday), 2021.

Announcement of Allotment Results

Allotment results will be announced by 16:00 on the trading day before listing. The allotment information will be pushed to you via the App message notification. You can also check in “Notifications” - “Transaction Movement” and subscription record details in the app.

Subscription Fees

The handling fee for standard subscriptions is HKD 49/order and for bank financing subscriptions is HKD 99/order during the promotion period. Please refer to IPO Subscription Fees for more information.

Allotment Fees

If your subscriptions are allotted, a fee of 1.0085% will be charged (including commission, and fees charged by SFC, HKEX, and FRC).

Debit Time

Standard subscription

Subscription funds will be locked in real-time upon initiation of application and will be deducted on the cut-off date.

Bank financing subscription

Principal deduction: The principal of bank financing subscriptions will be locked in real-time after the submission of the subscription application and will be deducted on the cut-off date. The bank financing subscription is usually 1 trading day in advance.

Bank financing deduction: When you submit your subscription, the amount of bank financing will be recorded first, and the deduction will be made later on the announcement day.

Bank financing interest is required to be paid regardless of the allotment results and will be deducted on the announcement day. In case of postponement or cancellation of the listing arrangement of IPO shares, the period of interest accrual will be extended accordingly.

The subscription fees shall be paid regardless of the allotment results and shall be deducted together with the subscription principal on the cut-off date. In case of postponement or cancellation of the listing arrangement of IPO shares, subscription fees are still required to be paid.

Credit Limit

HK IPO subscription currently supports up to 33 times financing, which is subject to the details displayed at the time of IPO subscription.

Bank Financing Interest

Bank financing interest will be charged from the IPO cut-off date to the day before the announcement day, and will be deducted on the announcement day. The formula for calculating the daily interest of bank financing for IPO shares = financing amount * (bank financing rate/365)

Return of Funds

Standard subscription - after the announcement of allotment results

If your lots are not allotted, the subscription fund will be returned to your account on the announcement day.

If your lots are partially allotted, the allotted shares will be credited to your position, and the amount of not allotted shares will be returned to your account after the announcement of allotment results.

Bank financing subscription - after the announcement of allotment results

If your lots are not allotted, the subscription fund will be returned to your account on the announcement day.

If your lots are partially allotted, the allotted shares will be credited to your position, and the amount of not allotted shares will be returned to your account after the announcement of allotment results.