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No representation or warranty, expressly or implied, is made by ABCI Securities Company Limited (ABCIS”) or by any person as to the suitability or usefulness of any information contained or referred to on the Website or that it is fit for your particular purpose, and such information should not be relied on as such. ABCIS or any of its affiliates shall have no liability for any loss or damage arising out of the use or reliance on the information provided in this Website including without limitation, any loss of profit or any other damage, direct or consequential. No information on this Website constitutes investment, tax, legal or any other advice. The information contained on this Website is presented only as of the date published or indicated and may be superseded by subsequent events or other reasons.

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Shenzhen-Hong Kong Stock Connect

ABCI Securities Co., Ltd. supports the launch of Shenzhen-Hong Kong Stock Connect, interested customers can conduct Shenzhen A-share investment by our Company under the Shenzhen-Hong Kong Stock Connect scheme. For more details, please refer to your Account Executive (AE) or Client Service Department.

Introduction

Under Shenzhen-Hong Kong stock connect, the Stock Exchange of Hong Kong Limited (SEHK), a wholly-owned subsidiary of HKEx, and Shenzhen Stock Exchange (“SZSE”) will establish mutual order-routing connectivity and related technical infrastructure (Trading Links) to enable investors of their respective market to trade shares listed on the other’s market.

Basic Information

Northbound Trading:
  1. Eligible Stocks: 880 stocks for SZ Northbound covering: Constituents of SZSE Component & SZSE Small/Mid Cap Innovation indexes with a market capitalization of at least RMB 6 billion, and SZSE-SEHK A+H shares.
  2. ChiNext open to institutional professional investors.
  3. No Aggregate Quota; Daily Quota: RMB 13 billion.
Southbound Trading:
  1. Eligible Stocks: 417 stocks for SZ Southbound covering: Constituents of the Hang Seng Composite Large Cap Index, Hang Seng Composite MidCap Index and Hang Seng Small Cap Index with a market capitalization of at least HK$5 billion; SZSE-SEHK A+H shares.
  2. Individual investors who hold an aggregate balance of not less than RMB 500,000 in their securities and cash accounts.
  3. No Aggregate Quota; Daily Quota: RMB 10.5 billion.

Trading Hours

Northbound Trading: follows SZSE’s trading hours. However, SEHK will accept Northbound orders from SEHK Participants 5 minutes before the Mainland market sessions open in the morning and in the afternoon.

SZSE Trading Session SZSE Trading Hours Time for SEHK Participants
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 – 14:57
12:55 – 15:00
Closing Call Auction
14:57 – 15:00

09:20 – 09:25, 14:57 – 15:00: SZSE will not accept order cancellation.

09:10 – 09:15; 09:25 – 09:30; 12:55 – 13:00: Orders and order cancellations will not be processed by SZSE until SZSE’s market open.

Any buy or sell orders not executed during the opening call auction session will automatically enter the continuous auction session. Any buy or sell orders not executed during the continuous auction session will automatically enter the closing call auction session.

Southbound trading follows SEHK’s trading hours.

Trading Arrangement

Holiday:
Not open if trading day and/or settlement day falls on Hong Kong holiday or Mainland holiday.
Order Types:
  1. Limit orders only;
  2. Order Modification Not allowed (must cancel and re-input order).
Board Lot:
  1. Board Lot 100 shares (applicable to buy orders only);
  2. Odd lot trading is only available for sell orders and all odd lots should be sold in one single order.
Order Spread:
Maximum Order Size 1 Million shares; Spread Uniform at RMB 0.01.
Price Limit:
±10% on previous closing price (±5% for stocks under risk alert).
Currency:
Trading and settle with RMB.
Turnaround Trading:
Day (Turnaround) Trading Not allowed. Investors buying SZSE Securities on T day can only sell the shares on and after T+1
Fees: Handling Fee: 0.00341% of a transaction Management Fee: 0.002% of a transaction Transfer Fee: 0.003% of a transaction (charged by ChinaClear Shenzhen and HKSCC) Stamp Duty: 0.05% of a transaction on the seller

(Source: HKEx)

Important Notice

  • Customers can buy and sell shares under Shenzhen-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 SZSE 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 SZSE Securities on T-day can only sell the shares on and after T+1.
  • Shenzhen-Hong Kong Stock Connect only limit orders (SZSE limit orders can be matched at the specified or better price) will be accepted for SZSE Securities throughout the day.
  • The settlement date and related payment under Shenzhen-Hong Kong Stock Connect is different from Hong Kong stocks.  Shares under the Shenzhen-Hong Kong Stock Connect will be settled on the trading day and the related payment will be settled on one day after the trading day (T+1).

 

For more information regarding Shenzhen-Hong Kong Stock Connect, please also refer to the Hong Kong Stock Exchange website:  www.hkex.com.hk

 

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