Currently supports general subscription and bank financing subscription.
Ordinary subscription means that the user can use the account position to mortgage financing, and can use cash to apply for subscription. The available cash needs to be deducted from the transaction amount of all businesses such as withdrawal submission, buying stock amount, buying fund and so on. When the deduction is made on the subscription deduction day, if the corresponding withdrawal amount in the account is insufficient, loan financing will be generated, and the interest will be calculated according to the "financing rate".
The subscription funds will be frozen in real time after the application is initiated, and will be deducted on the subscription deadline day.
Since the maximum financing ratio of our bank financing subscription is 97% of the subscription amount, at least 3% of the Hong Kong dollar cash is required in the user's account. When the HKD cash in the account is insufficient, the stocks held in the account will be used as collateral for borrowing. If the account has insufficient HKD cash and the stocks held are insufficient as collateral, the user can make a HKD deposit or currency exchange and submit a subscription order for new shares (the financing coefficient will rise, different from the common stock transaction financing factor).
The principal part of the bank subscription amount will be frozen in real time after the application is initiated, and will be deducted on the deadline for bank financing subscription.
When submitting bank financing subscription, the amount of bank financing will be recorded first, and will be deducted on the day when the winning result is announced.
Does it have anything to do with applying sooner or later? The formula for calculating the daily interest on bank financing for new shares = financing amount * (bank financing rate/365). Interest accrual date: the deadline for subscription of new shares. It doesn't matter if the application is sooner or later, the interest will be calculated from the deadline for subscription of new shares. Deadline for interest calculation: the day before the announcement of the winning lottery result, the deduction will be made on the day of the lottery winning. After the winning lottery result is announced, the transaction can be conducted during the dark market time.