40085-95579
(852) 2823-0388
English
Northbound Trading (Shanghai Stock Connect / Shenzhen Stock Connect)
Trading Hours | SSE / SZSE Trading Hours | Order Acceptance Hours of SEHK |
Opening Auction / Opening Call Auction | 09:15 – 09:25 | 09:10 – 11:30 |
Continuous Trading (Morning Session) | 09:30 – 11:30 | |
Continuous Trading (Afternoon Session) | 13:00 – 15:00 | 12:55 – 15:00 |
Closing Auction / Closing Call Auction | 14:57 – 15:00 |
Period | Instruction Status | |
9:20 a.m. – 9:25 a.m. | The Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) do not accept cancellation instructions for buy/sell orders. | |
2:57 p.m. – 3:00 p.m. | The Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) do not accept cancellation instructions for buy/sell orders. | |
9:10 a.m. – 9:15 a.m., 9:25 a.m. – 9:30 a.m., 12:55 p.m. – 1:00 p.m. | The SSE and SZSE will not process any instructions until the market opens. However, the Hong Kong Stock Exchange (HKEX) still accepts buy/sell orders and their cancellation instructions. | |
Southbound Trading (Stock Connect)
Trading Hours (Hong Kong Time) |
|---|
09:00 – 09:30（Opening Call Auction） |
09:30 – 12:00（Morning Continuous Trading Session） |
13:00 – 16:00（Afternoon Continuous Trading Session） |
16:00 – 16:10 （Closing Call Auction market closes randomly between 16:08 and 16:10） |
Settlement Arrangements
Direction | Securities Settlement | Cash Settlement | Currency |
Northbound Trading | T Day | T+1 Day | Renminbi (RMB) |
Southbound Trading | T+2 Day | T+2 Day | Traded in Hong Kong Dollars (HKD), settled in Renminbi (RMB) |
Northbound Trading (Shanghai Stock Connect / Shenzhen Stock Connect) Holiday Opening Rules
Day | Mainland Market | Hong Kong Market | Northbound Trading Open | Remarks |
Day1 | Business Day | Business Day | **Open** | Normal trading |
Day2 | Business Day | Business Day | **Open** | Normal trading |
Day3 | Business Day | Holiday | **Closed** | Hong Kong market closed |
Day4 | Holiday | Business Day | **Closed** | Mainland market closed |
Trading Rules
Item | Northbound Trading (A-Shares) | Southbound Trading (Hong Kong Stocks) |
Day Trading | Not allowed. Shares bought on T day can only be sold on T+1 day. | Allowed |
Price Limits | Mainboard stocks: ±10% of the previous closing price (±5% for ST stocks) | No price limits |
Board Lot Size | 100 shares | Varies by stock |
Minimum Price Tick | RMB 0.01 | HKD 0.001 – 5, depending on the stock |
Inclement Weather Arrangements (Effective 23 September 2024)
Scenario | Northbound Trading | Hong Kong Market |
Typhoon Signal 8 / Black Rainstorm Warning | Trading as usual | Trading as usual |
Note: Effective 23 September 2024, the “Markets Remain Open During Typhoons” policy is in place. Both Northbound and Southbound Trading under the Shanghai-Shenzhen-Hong Kong Stock Connect will operate normally under inclement weather conditions.
Investors must ensure there are sufficient shares in their selling brokerage account.
Share transfers to the selling broker must be completed by T-1 day.
The Hong Kong Stock Exchange (HKEX) conducts pre-trade checks at the exchange participant level to prevent naked short selling.
Room 3605-3611, 36th Floor, COSCO Tower, 183 Queen's Road Central, Hong Kong
40085-95579
(852) 2823-0388
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