Trading Hours

What are the trading hours for trading SSE / SZSE Securities through Shanghai and Shenzhen Connect?

Northbound trading follows SSE's and SZSE's trading hours. However, SEHK will accept Northbound orders from SEHK Participants (i.e. exchange participants, or EPs) five minutes before the Mainland market sessions open in the morning and in the afternoon.

Note:

1. Orders that are not executed during the opening call auction session will automatically enter the continuous auction session.
2. During 9:20 am - 9:25 am and 2:57 pm - 3:00 pm, SSE/SZSE will not accept order cancellation.
3. During 9:10 am – 9:15 am, 9:25 am – 9:30 am and 12:55 pm – 1:00 pm, orders and order cancellations can be accepted by SEHK but will not be processed by SSE/SZSE until SSE’s and SZSE's market open.

What is the holiday arrangement?

EPs can only trade SSE and SZSE Securities if

1. it is a Hong Kong business day, and
2. both Hong Kong and Mainland markets are open for trading (T-day), and 
3. banking services are available in both Hong Kong and Mainland markets on the corresponding money settlement days (T+1). 

This arrangement is essential in ensuring that proper banking support is available for CCCPs to settle their money obligations for Northbound trades on T+1.

Currency and Funds

What is the trading and settlement currency of Shanghai and Shenzhen Connect?

Currently, all SSE and SZSE Securities are traded in RMB. Investors therefore trade and settle SSE and SZSE Securities via Shanghai Connect and Shenzhen Connect in RMB.

I do not have RMB in my account but I have other currencies, can I still trade SSE and SZSE Securities via Shanghai Connect and Shenzhen Connect?

Yes. BOOM account supports ten currencies (including RMB) and is able to automatically convert your money into settlement currency after trade.

Can I use the fund immediately for other markets after I sold SSE and SZSE Securities via Shanghai Connect and Shenzhen Connect?

Yes. When clients sold their SSE and SZSE Securities via Shanghai and Shenzhen Connect, the buying power will be increased immediately and is able to trade in any market.

Trading and Settlement

Can I do day trading on SSE and SZSE Securities via Shanghai Connect?

No. Shares purchased by investors cannot be sold before settlement, which means day trading is not allowed.

What are the board lot / odd lot, order size and tick size for SSE and SZSE Securities via Shanghai Connect?

All SSE and SZSE Securities are subject to the same trading board lot size, which is 100 shares (buy orders must be in board lots). Odd lot trading is only available for sell orders and all odd lots should be sold in one single order. It is common that a board lot buy order may be matched with different odd lot sell orders, resulting in odd lot trades. It should be noted that unlike Hong Kong, board lot and odd lot orders are both matched on the same platform on SSE and SZSE, and subject to the same share price.

The maximum order size is 1 million shares and the tick size is uniformly set at RMB 0.01.

Do SSE and SZSE price limit apply under Shanghai and Shenzhen Connect?

For SSE Securities, there is a general price limit of ±10% (and ±5% for stocks under special treatment (i.e. ST and *ST stocks) under risk alert) based on previous closing price. All orders input for SSE Securities must be at or within the price limit. Any order with a price beyond the price limit will be rejected by SSE. The upper and lower price limit will remain the same intra-day.

The same price limit arrangement will apply to SZSE Securities. Stocks traded on SZSE's ChiNext Market are also subject to a ±10% price limit based on the previous closing price.

What are the supported order types in BOOM for trading in Shanghai and Shenzhen Connect?

BOOM's supported order types are "Limit Order", "Market Order" and Chain Order". Please noted that the execution of orders are subject to the limitation of day-trading restriction and price limit.

What is the clearing and settlement cycle?

Northbound trades executed under Shanghai and Shenzhen Connect will follow the settlement cycles of the Shanghai and Shenzhen markets. Both markets adopt the same settlement cycle – stock settlement on T day, and money settlement on T+1 day. For securities settlement, ChinaClear will debit or credit its participants' (including HKSCC as clearing participant) stock accounts before 6:00pm on T day to settle their trades in the Connect Markets. To facilitate the settlement cycles of Connect Securities, HKSCC will conduct securities settlement on Northbound trades for its CCASS Participants via two rounds of Batch Settlement Runs at around 5:30pm and 7:00pm on T day for each Connect Market.

Money settlement for Northbound trades will be effected by around noon on T+1 day on a net money position of SSE Securities and SZSE Securities.

Announcements

How do investors obtain the latest company announcement?

All approved corporate actions of SSE Securities and SZSE Securities are announced by issuers through the SSE website or the SZSE website, as the case may be, and officially appointed newspapers (both the printed papers and their websites): the Shanghai Securities News, Securities Times, China Securities Journal, Securities Daily and www.cninfo.com.cn.  Investors are reminded that issuers listed on the ChiNext Market are required to publish certain corporate announcements on their corporate websites and the officially appointed websites only. HKSCC will also record all corporate actions relating to SSE and SZSE Securities in CCASS and advise CCASS Participants of the details via the CCASS terminals as soon as practicable on the announcement date.  Investors can visit the SSE, SZSE and newspaper websites for the latest listed company announcements.

Investors can also visit HKEX website's China Stock Markets Web for the company announcements of Connect Securities issued on the previous trading day.

Investors should note that SSE-listed and SZSE-listed issuers will continue to publish corporate documents in Chinese only as their current practice, and English translation will not be available.