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2021 iBond, what is your trading strategy?
富途运营团队
joined discussion · Jun 23, 2021 14:24 ·

Summary of Frequently Asked Questions on iBond Allotment Results (Updating)

1. Timeline
Announcement of subscription results: Morning of June 23
Gray market trading: 16:15~18:30, afternoon of June 23
Official listing: June 24 (trading commences at 9:30 AM)
Trading hours are the same as those for regular stocks.
1. Timeline Announcement of subscription results: Morning of June 23 Gray market trading: 16:15~18:30, afternoon of June 23 Official listing: June 24 (trading available from 9:30 a.m.) Trading hours are the same as regular stocks 2. How to Check the Allotment Results You can check the subscription results under 【Trading】-【IPO Subscription】-【Subscription Records】. Bond Code: Government Bond 2406 04246.HK 3. How to Trade? You can start buying and selling this bond during the gray market trading session on the afternoon of June 23. 4. Introduction to Allotment Rules The final issuance amount of the inflation-linked bond is HKD 20 billion. The government allocates bonds according to the mechanism outlined in the issuance circular dated May 12, 2021. All valid applications will be allotted bonds, with a maximum allocation of three lots. Applications for two lots or fewer totaling 55,381 will receive full allotments. The remaining 653,817 applications (i.e., for more than two lots) will first be allocated two lots, followed by a lottery. Of these, 605,727 applications will be allotted an additional lot. For more details, see: https://www.info.gov.hk/gia/general/202106/21/P2021062100404.htm It is important to note: Each citizen may submit only one application. All duplicate applications will not be processed. Banks will identify each application based on a unique ID number. 5. Explanation of Refund of Subscription Fees The handling fees incurred for purchasing iBond have been refunded to your account through 【Bank Transfer】. The refund amount includes: subscription fee (HKD 50) + application fee (0.15%*...


2. How to check the results of the lottery allocation
You may check the subscription results under [Trading] - [IPO Subscription] - [Subscription Records].
Bond Code: Government Bond 2406 04246.HK
1. Timeline Announcement of subscription results: Morning of June 23 Gray market trading: 16:15~18:30, afternoon of June 23 Official listing: June 24 (trading available from 9:30 a.m.) Trading hours are the same as regular stocks 2. How to Check the Allotment Results You can check the subscription results under 【Trading】-【IPO Subscription】-【Subscription Records】. Bond Code: Government Bond 2406 04246.HK 3. How to Trade? You can start buying and selling this bond during the gray market trading session on the afternoon of June 23. 4. Introduction to Allotment Rules The final issuance amount of the inflation-linked bond is HKD 20 billion. The government allocates bonds according to the mechanism outlined in the issuance circular dated May 12, 2021. All valid applications will be allotted bonds, with a maximum allocation of three lots. Applications for two lots or fewer totaling 55,381 will receive full allotments. The remaining 653,817 applications (i.e., for more than two lots) will first be allocated two lots, followed by a lottery. Of these, 605,727 applications will be allotted an additional lot. For more details, see: https://www.info.gov.hk/gia/general/202106/21/P2021062100404.htm It is important to note: Each citizen may submit only one application. All duplicate applications will not be processed. Banks will identify each application based on a unique ID number. 5. Explanation of Refund of Subscription Fees The handling fees incurred for purchasing iBond have been refunded to your account through 【Bank Transfer】. The refund amount includes: subscription fee (HKD 50) + application fee (0.15%*...
1. Timeline Announcement of subscription results: Morning of June 23 Gray market trading: 16:15~18:30, afternoon of June 23 Official listing: June 24 (trading available from 9:30 a.m.) Trading hours are the same as regular stocks 2. How to Check the Allotment Results You can check the subscription results under 【Trading】-【IPO Subscription】-【Subscription Records】. Bond Code: Government Bond 2406 04246.HK 3. How to Trade? You can start buying and selling this bond during the gray market trading session on the afternoon of June 23. 4. Introduction to Allotment Rules The final issuance amount of the inflation-linked bond is HKD 20 billion. The government allocates bonds according to the mechanism outlined in the issuance circular dated May 12, 2021. All valid applications will be allotted bonds, with a maximum allocation of three lots. Applications for two lots or fewer totaling 55,381 will receive full allotments. The remaining 653,817 applications (i.e., for more than two lots) will first be allocated two lots, followed by a lottery. Of these, 605,727 applications will be allotted an additional lot. For more details, see: https://www.info.gov.hk/gia/general/202106/21/P2021062100404.htm It is important to note: Each citizen may submit only one application. All duplicate applications will not be processed. Banks will identify each application based on a unique ID number. 5. Explanation of Refund of Subscription Fees The handling fees incurred for purchasing iBond have been refunded to your account through 【Bank Transfer】. The refund amount includes: subscription fee (HKD 50) + application fee (0.15%*...
1. Timeline Announcement of subscription results: Morning of June 23 Gray market trading: 16:15~18:30, afternoon of June 23 Official listing: June 24 (trading available from 9:30 a.m.) Trading hours are the same as regular stocks 2. How to Check the Allotment Results You can check the subscription results under 【Trading】-【IPO Subscription】-【Subscription Records】. Bond Code: Government Bond 2406 04246.HK 3. How to Trade? You can start buying and selling this bond during the gray market trading session on the afternoon of June 23. 4. Introduction to Allotment Rules The final issuance amount of the inflation-linked bond is HKD 20 billion. The government allocates bonds according to the mechanism outlined in the issuance circular dated May 12, 2021. All valid applications will be allotted bonds, with a maximum allocation of three lots. Applications for two lots or fewer totaling 55,381 will receive full allotments. The remaining 653,817 applications (i.e., for more than two lots) will first be allocated two lots, followed by a lottery. Of these, 605,727 applications will be allotted an additional lot. For more details, see: https://www.info.gov.hk/gia/general/202106/21/P2021062100404.htm It is important to note: Each citizen may submit only one application. All duplicate applications will not be processed. Banks will identify each application based on a unique ID number. 5. Explanation of Refund of Subscription Fees The handling fees incurred for purchasing iBond have been refunded to your account through 【Bank Transfer】. The refund amount includes: subscription fee (HKD 50) + application fee (0.15%*...


3. How to trade?
You can buy or sell this bond during the after-hours trading session on the afternoon of June 23.

4Introduction to the rules of lottery allocation
The final issuance amount of the inflation-linked bond is HKD 20 billion.
The government allocated bonds according to the mechanism outlined in the issuance circular dated May 12, 2021.
All valid applications will be allotted bonds, with a maximum allocation of three lots per applicant.
A total of 55,381 applications for two or fewer lots will be fully allotted as requested. The remaining 653,817 applications (i.e., those requesting more than two lots) will initially be allotted two lots, followed by a ballot process, in which 605,727 applications will receive an additional lot.
For further details, please refer to: https://www.info.gov.hk/gia/general/202106/21/P2021062100404.htm
It is important to note that each individual may submit only one application. All duplicate applications will not be processed. Banks will identify submissions based on a single ID number as one application.

5. Refund Explanation for Subscription Fees
The handling fees incurred from purchasing iBond have been refunded to your account via [bank transfer]. The refund amount includes: subscription handling fee (HKD 50) + application processing fee (0.15% of the subscription amount). You may check this under [Transactions] - [Funds Details] or through the daily statement.
1. Timeline Announcement of subscription results: Morning of June 23 Gray market trading: 16:15~18:30, afternoon of June 23 Official listing: June 24 (trading available from 9:30 a.m.) Trading hours are the same as regular stocks 2. How to Check the Allotment Results You can check the subscription results under 【Trading】-【IPO Subscription】-【Subscription Records】. Bond Code: Government Bond 2406 04246.HK 3. How to Trade? You can start buying and selling this bond during the gray market trading session on the afternoon of June 23. 4. Introduction to Allotment Rules The final issuance amount of the inflation-linked bond is HKD 20 billion. The government allocates bonds according to the mechanism outlined in the issuance circular dated May 12, 2021. All valid applications will be allotted bonds, with a maximum allocation of three lots. Applications for two lots or fewer totaling 55,381 will receive full allotments. The remaining 653,817 applications (i.e., for more than two lots) will first be allocated two lots, followed by a lottery. Of these, 605,727 applications will be allotted an additional lot. For more details, see: https://www.info.gov.hk/gia/general/202106/21/P2021062100404.htm It is important to note: Each citizen may submit only one application. All duplicate applications will not be processed. Banks will identify each application based on a unique ID number. 5. Explanation of Refund of Subscription Fees The handling fees incurred for purchasing iBond have been refunded to your account through 【Bank Transfer】. The refund amount includes: subscription fee (HKD 50) + application fee (0.15%*...


Supplementary Documents:
Government’s detailed explanatory document on iBond: https://www.hkgb.gov.hk/tc/retail/iBond_Issue_Circulars.html
Fee Details: https://support.futuhk.com/zh-hk/topic475
June account opening promotion page: https://hkpublic.futuhk.com/act/detail?id=3409

$HKGB IBOND 2406 (04246.HK)$
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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