ABCI Securities Co., Ltd. supports the launch of Shanghai-Hong Kong Stock Connect, interested customers can conduct Shanghai A-share investment by our Company under the Shanghai-Hong Kong Stock Connect scheme. For more details, please refer to your Account Executive (AE) or Client Service Department.
Introduction
Shanghai-Hong Kong Stock Connect creates for the first time a feasible, controllable and expandable channel for mutual market access between the Mainland and Hong Kong by a broad range of investors.
Under Shanghai-Hong Kong Stock Connect, the Stock Exchange of Hong Kong Limited (SEHK), a wholly-owned subsidiary of HKEx, and Shanghai Stock Exchange (SSE), the Hong Kong Securities Clearing Company Limited (HKSCC), also a wholly-owned subsidiary of HKEx, and China Securities Depository and Clearing Corporation Limited (ChinaClear) jointly made it possible to establish mutual order-routing connectivity and related technical infrastructure (Trading Links) and clearing Links to enable investors of their respective market to trade shares listed on the other market.
Trading Hours
Northbound trading hour is listed as follows:
| SSE Trading session | SSE trading hour | Time for EPs to input Northbound orders |
|---|---|---|
| Opening Call Auction | 09: 15 - 09: 25 | 09: 10 - 11: 30 |
| Continuous Auction(Morning） | 09: 30 - 11: 30 | |
| Continuous Auction（Afternoon） | 13: 00 - 15: 00 | 12: 55 - 15: 00 |
Note:
- 09:20-09:25: SSE will not accept order cancellation;
- 09:10-09:15; 09:25-09:30; 12:55-13:00: Orders and order cancellations can be accepted by SEHK but will not be processed by SSE until SSE’s market open;
- Orders that are not executed during the opening call auction session will automatically enter the continuous auction session.
Transaction and settlement Fees
The following fee table only applies to northbound trading through Shanghai-Hong Kong stock connect
| Fee | Rate | Note |
|---|---|---|
| Commission | 0.25% of the consideration (minimum RMB 80) | Negotiable |
| Handling Fee | 0.0341% of the consideration of a transaction per side | SSE |
| Securities Management Fee | 0.002% of the consideration of a transaction per side | CSRC |
| Transfer Fee | 0.003% of the consideration of a transaction per side | China and HK Clear |
| Stamp Duty | 0.05000% of the consideration of a transaction on the seller | SAT |
| Dividend fee | 0.5% of the consideration (minimum RMB16) | On the paying day |
| Custodian fee | Exempt |
Important Notice
- Customers can buy and sell shares under Shanghai-Hong Kong Stock Connect via our company's securities account, without the need to open another account.
- Hong Kong and overseas investors will trade and settle SSE securities in RMB only. Customer has to possess Renminbi bank accounts and deposit RMB into his securities account before the transaction.
- Day trading is not allowed for Mainland A shares market. Therefore, Hong Kong and overseas investors buying SSE Securities on trading day (T) can only sell the shares on and after (T+1).
- Shanghai-Hong Kong Stock Connect only limit orders (SSE limit orders can be matched at the specified or better price) will be accepted for SSE Securities throughout the day.
- The settlement date and related payment under Shanghai-Hong Kong Stock Connect is different from Hong Kong stocks. Shares under the Shanghai-Hong Kong Stock Connect will be settled on the trading day (T) and the related payment will be settled on one day after the trading day (T+1).
For more information regarding Shanghai-Hong Kong Stock Connect, please also refer to the Hong Kong Stock Exchange website: http://www.hkex.com.hk/eng/index.htm