Cash Plus is a wealth management tool that automatically invests idle funds from securities accounts into money market funds (denominated in HKD or USD) managed by GaoTeng. It offers fund flexibility while providing value-added returns. Funds can be used anytime for stock trading, subscriptions, or withdrawals, offering higher returns than demand deposits. Interest accrues even during Hong Kong stock market closure.

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 two money market funds denominated in HKD and USD.

• Stock trading without restrictions: No need to worry about missing market opportunities.
• Making full use of idle funds: Automatically invest your cash balance into money market funds every day.
• Higher returns than demand deposits: Earn returns during stock market closure, including weekends.

2. Introduction to the HKD sub-fund

Fund information

Fund manager

Ms. Wonnie Chu has over 15 years of experience in investment research and portfolio management. Before joining GaoTeng, she served as a Fixed Income Portfolio Manager at Harvest Global Investments Limited, managing three Morningstar 5-star rated funds and the largest Asian CNH fund. Prior to that, she worked on credit research at MetLife and bond rating at Moody’s Hong Kong. Ms. Chu won The Most Astute Investors by The Asset in 2014 and 2015. She holds an MBA in finance from New York University.

Investment strategy

GaoTeng WeInvest Money Market Fund is a sub-fund of GaoTeng WeFund, a Hong Kong domiciled umbrella structure unit trust. It is governed by the laws of Hong Kong.  To enhance liquidity while delivering stable returns, the sub-fund invests at least 85% of its Net Asset Value in bank deposits, short-term financing of leading companies, and other money market instruments, and may invest up to 15% of its Net Asset Value in debt securities.

Fund company

GaoTeng Global Asset Management Limited is an asset management company strategically invested by Tencent Holdings Limited and Hillhouse Capital Group. It has a top-tier team with extensive domestic and overseas asset management experience. The members of the investment management team have received multiple accolades from prestigious industry awards, including The Asset Benchmark Awards, AsianInvestor Achievement Awards, FinanceAsia Achievement Awards, and the China Securities Journal Golden Bull Award. GaoTeng was awarded the "Asian Rising Star” and "Best of the Best Awards — Fintech Innovation in Asset Management (Hong Kong)" by Asia Asset Management in 2020. It was ranked among the top 3 of the "Top Investment House in Asian G3 Bonds" (Hong Kong, Asset Managers) in 2019. Combining the superior investment ability of Hillhouse and pioneering Internet technology of Tencent, the company is committed to delivering top-notch asset management products and services to domestic and global investors.

3. Introduction to the USD sub-fund

Fund information

Fund manager

Ms. Wonnie Chu has over 15 years of experience in investment research and portfolio management. Before joining GaoTeng, she served as a Fixed Income Portfolio Manager at Harvest Global Investments Limited, managing three Morningstar 5-star rated funds and the largest Asian CNH fund. Prior to that, she worked on credit research at MetLife and bond rating at Moody’s Hong Kong. Ms. Chu won The Most Astute Investors by The Asset in 2014 and 2015. She holds an MBA in finance from New York University.

Investment strategy

The sub-fund aims to achieve its investment objective by investing at least 85% of its Net Asset Value in a range of short-term deposits and high-quality money market instruments issued by governments and leading companies, and money market funds that are authorized by the Securities and Futures Commission (SFC) under 8.2 of the Code on Unit Trusts and Mutual Funds or regulated in a manner generally comparable with the requirements of the SFC and acceptable to the SFC. Within the foregoing, at least 70% of the Net Asset Value will be invested in USD denominated money market instruments and deposits, and investment in money market funds will be up to 10% of the Net Asset Value. Money market instruments in which the sub-fund may invest include: government bills, certificates of deposit, commercial papers, short-term notes, and bankers' acceptance, etc. The sub-fund may invest up to 15% of its Net Asset Value in high quality debt securities.

Fund company

GaoTeng Global Asset Management Limited is an asset management company strategically invested by Tencent Holdings Limited and Hillhouse Capital Group. It has a top-tier team with extensive domestic and overseas asset management experience. The members of the investment management team have received multiple accolades from prestigious industry awards, including The Asset Benchmark Awards, AsianInvestor Achievement Awards, FinanceAsia Achievement Awards, and the China Securities Journal Golden Bull Award. GaoTeng was awarded the "Asian Rising Star” and "Best of the Best Awards — Fintech Innovation in Asset Management (Hong Kong)" by Asia Asset Management in 2020. It was ranked among the top 3 of the "Top Investment House in Asian G3 Bonds" (Hong Kong, Asset Managers) in 2019. Combining the superior investment ability of Hillhouse and pioneering Internet technology of Tencent, the company is committed to delivering top-notch asset management products and services to domestic and global investors.

4. Trading Rules

Automatic investment

After you sign the Balance Fund Service Authorization, idle funds in your securities account will be automatically invested into the corresponding money market fund. 

Automatic Redemption

When deductions occur (e.g., for purchasing stocks, options, IPO subscriptions, funds, withdrawals, or repayments), holdings in the money market fund will be automatically redeemed as needed. All holdings will be redeemed when the automatic investment agreement is terminated.

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 9:10 am on a trading day (T-Day), redeemed funds will not be automatically reinvested into Cash Plus within 3 calendar days. If the request is submitted after 9:10 am 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.

Trading Time

Automatic investment/redemption occurs at a fixed time every day, with no need to specify trading time.

Cycle

Funds are automatically invested into the money market fund and begin accruing interest within one working day after arriving in the account. Note: Processing time is calculated based on Hong Kong statutory working days and will be postponed during holidays.

Cash Plus earnings calculation

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 securities margin or other trading occurs and cash balances remain unchanged between T-Day 9:10 am–T+1 9:10 am, redemption amounts will be 0. The timing of automatic investment/redemption varies by fund and is usually completed between 8:30 am– 9:10 am.

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:

• Investment portfolio
  • HKD fund: ≥85% invested in the money market (such as bank deposits and short-term financing of leading companies); ≤15% invested in debt securities.
  • USD fund: ≥85% invested in short-term instruments issued by governments/leading companies; ≥70% invested in USD denominated money market instruments and deposits; ≤15% invested in debt securities.
• Trading mechanism
  • Automatic investment: After you sign the authorization, idle funds are automatically invested daily.
  • Automatic redemption: Holdings are automatically liquidated to cover deductions for trades, withdrawals, or other requirements.
  • Manual redemption: Supported at any time; redeemed funds arrive by T+1 and can be immediately used for trading/withdrawals.
• 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.