Primasia Securities and Shanghai Commercial & Savings Bank jointly held a press conference today titled “Primasia ETong Fund – Secure Pre-Deposits for Confident Investing”, announcing their strategic collaboration to promote pre-deposit mechanisms for securities trading. Through Primasia Securities’ proprietary trading platform, ETJ, integrated with Shanghai Commercial & Savings Bank’s digital account services, the partnership aims to enhance investor convenience and trading security. Investors can now seamlessly open both securities and bank accounts online. To encourage adoption of the pre-deposit trading model, Primasia Securities has launched a series of attractive rewards and incentives. Celebrity Amber An has also been invited to serve as brand ambassador, helping to raise public awareness about safe investing. Pre-Deposit Mechanism: Enhancing Trading Safety and Efficiency With a surge in first-time investors and increasingly fast-paced market conditions, risks such as settlement defaults have become more common. Inspired by trading models in the U.S., Hong Kong, and Japan, Primasia ETong Fund introduces a pre-deposit order system based on the concept of “purchasing power.” Orders are only executed when sufficient funds are confirmed in the investor’s account, effectively reducing settlement risk. Primasia’s Real-Time Pre-Deposit System connects directly to the bank’s infrastructure, allowing intraday fund locking and release to be processed instantly via automated programs. Additionally, the platform offers a Pre-Locking Option, enabling investors to reserve full trading funds before market open, eliminating the need for real-time bank verification during trading hours and ensuring order speed matches that of standard online trading. One of the key advantages of the pre-deposit mechanism is its ability to mitigate risks in electronic trading—such as reversed buy/sell orders or incorrect quantities (e.g., entering 100 shares instead of 10). By ensuring trades are placed within available funds, investors can trade with confidence and avoid over-leveraging or settlement failures. Fast Online Account Opening with Dual Benefits Shanghai Commercial & Savings Bank’s digital account is the preferred partner for Primasia ETong Fund’s pre-deposit trading model, offering investors a secure and reliable investment channel. Customers can now open both accounts online quickly and conveniently. In addition to competitive brokerage fees offered by Primasia Securities, clients also enjoy preferential deposit interest rates and exclusive benefits from Shanghai Commercial & Savings Bank.
