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FAQ - Shanghai Hong Kong Stock Connect
Turnaround trading is not allowed in the A share market. Therefore, Hong Kong and overseas investors buying SSE 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 SSE 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 SSE 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 SSE securities must be within the price limit. Any orders with price beyond the price limit will be rejected by SSE. The upper and lower price limit will remain the same intra-day.
Investors will trade and settle SSE securities in RMB.
When trading SSE 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 SSE-listed A shares.
All buy orders for SSE 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 SSE, 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 SSE-listed A share if the corresponding H share of which is suspended from trading on SEHK.
If an SSE security is removed from the list of eligible stocks for northbound trading, investors will only be allowed to sell the SSE security but restricted from further buying. In addition, investors will only be allowed to sell an SSE security but restricted from further buying if:
The SSE security subsequently ceases to be a constituent stock of the relevant indices; and/or
The SSE security is subsequently under “risk alert”; and/or
The corresponding H share of the SSE security subsequently ceases to be traded on SEHK
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- Customer Service Hotline: (852) 3583 3388
- 400 001 1822
- Complaint Hotline: (852) 2801 6128
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Customer Service Department
15/F, One Island South, 2 Heung Yip Road
Wong Chuk Hang, Hong Kong
Fax: (852) 2530 1689
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