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: |
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| Southbound Trading: |
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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
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| Continuous Auction (Morning) |
09:30 – 11:30
|
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| Continuous Auction (Afternoon) |
13:00 – 14:57
|
12:55 – 15:00
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| Closing Call Auction |
14:57 – 15:00
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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.
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| Order Types: |
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| Board Lot: |
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| Order Spread: |
Maximum Order Size 1 Million shares; Spread Uniform at RMB 0.01.
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| Price Limit: |
±10% on previous closing price (±5% for stocks under risk alert).
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| Currency: |
Trading and settle with RMB.
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| Turnaround Trading: |
Day (Turnaround) Trading Not allowed. Investors buying SZSE Securities on T day can only sell the shares on and after T+1
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| 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