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FAQ - Shenzhen Hong Kong Stock Connect
Turnaround trading is not allowed in the A share market. Therefore, Hong Kong and overseas investors buying SZSE securities on T-day can only sell the shares on or after T+1 day.
Customers may open a margin trading account with Haitong International to trade SZSE securities on margin. Given that the price of securities may move up or down, Haitong International Securities reserves the right to issue a margin call requiring a customer to deposit additional cash or collateral when the balance in the customer’s margin trading account falls below the maintenance margin requirement.
For SZSE Securities, there is currently a general price limit of ±10% (and a price limit of ±5% for stocks included in the risk alert board) based on the previous closing price. All orders input for SZSE securities must be within the price limit. Any orders with price beyond the price limit will be rejected by SZSE. The upper and lower price limit will remain the same intra-day.
Investors will trade and settle SZSE securities in RMB.
When trading SZSE securities, customers should make sure there is adequate RMB balance in the relevant account for trading and settlement purposes. Customers may also convert the account balance into RMB via Haitong International, in order to participate in northbound trading of SZSE-listed A shares.
To ensure customers’ timely settlement of outstanding balances arising from different securities trading markets and to avoid unnecessary interest charges due to delay or omission of fund transfer, we have implemented a Compulsory Currency Transfer and Conversion Arrangement for all securities accounts with effect from 27 June 2016. You may click to here for details.
All buy orders for SZSE securities are subject to the same trading board lot size, which is 100 shares (buy orders must be in board lot). Odd lot trading is only available for sell orders. Unlike the case in the Hong Kong market, board lot and odd lot orders are both matched on the same trading platform on SZSE, and subject to the same share price. The maximum order size for SSE securities is 1 million shares and the tick size is uniformly set at RMB 0.01.
Investors are still allowed to trade an SZSE-listed A share if the corresponding H share of which is suspended from trading on SEHK.
If an SZSE security is removed from the list of eligible stocks for northbound trading, investors will only be allowed to sell the SZSE security but restricted from further buying. In addition, investors will only be allowed to sell SZSE securities but restricted from further buying if:
- such securities subsequently cease to be a constituent stock of the relevant indices; and/or
- such securities, based on any subsequent periodic review, have a market capitalisation of less than RMB6 billion; and/or
- they are subsequently placed under risk alert; and/or
- the corresponding H shares of such securities are subsequently delisted from SEHK, as the case may be.
Contact Us
Email: [email protected]
Enquiry Form: Please click below Enquiry Form
Hotlines
- Customer Service Hotline: (852) 3583 3388
- 400 001 1822
- Complaint Hotline: (852) 2801 6128
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Write to us by mail or fax to our
Customer Service Department
15/F, One Island South, 2 Heung Yip Road
Wong Chuk Hang, Hong Kong
Fax: (852) 2530 1689
View the address of Customer Services Centre and Macau Office >>