Frozen funds are the funds frozen by the pending purchase order and the unsettled withholding loan interest. Frozen funds will occupy part of the purchasing power of the account.
A certain amount of transaction fees (Commission, platform usage fee, trading system usage fee, payment fee, stamp duty, transaction fee, and transaction levy) will be generated after the completion of a single transaction.
This part of the frozen funds will be deducted after the settlement of current trading day of Hong Kong shares. For example, the trading expenses of Hong Kong shares occurred on Friday will be deducted from the frozen amount after the settlement of the same day.
Note: Since the transaction fees frozen in the trading day are estimated expenses, there will be differences with the actual expenses. Please refer to the actual expenses in the statement.
If customers have used margin, the interest generated will be accumulated into the frozen funds.
Margin trading interest will be deducted from the account at the beginning of each month, and then the frozen funds will be cleared.
The amount of the purchase order to be completed is added to the frozen fund.
If the customer buys 100 shares 00700 at the price of 200 yuan, the frozen amount of 20000 yuan will be generated if the order has not been completed. After the order is completed or canceled, the frozen funds will be cleared.
When a customer subscribes IPO, some of funds may be frozen. The fund of IPO subscription will be frozen during the IPO subscription, and the customer can modify or cancel the IPO subscription application. The frozen funds will be deducted on the day of subscription closing.
When the client holds short shares and the company is experiencing corporate actions, some of funds may be frozen in advance in case of the need to buy back the equity corresponding to the borrowed shares and return it to the stock lender.