HK Stock Market – Trading Information

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Trading Information on Hong Kong Stocks

Trading Channels

  1. By phone to your Account Executive/Customer Service Representative.
  2. By phone to the trading hotline:(852) 2153-9138 (for Securities)

Trade Confirmation

  1. Your Account Executive or Customer Service Representative will inform you about the trade status by phone (or by other forms of communication mentioned in the agreement).

Settlement

  1. If a buy order is placed by phone, you are required to deposit the full amount covering the purchase consideration, brokerage commission fee, relevant levies and charges to your account.
  2. You should ensure there are sufficient stocks in your account for settlement before placing a sell order. Section 170(1) of the Securities & Futures Ordinance prohibits "naked" or "uncovered" short selling. It is a criminal offence for a person to sell securities that he/she does not possess unless at the time of the sale, he/she has an exercisable and unconditional vested right to acquire the securities on time for settlement, or believes and has reasonable grounds to believe that he/she has such a right.
  3. For a cash account, if you fail to settle the amount in full, resulting in a debit balance, your account will be charged interest on the debit balance starting from the settlement date (T+2). The debit interest rate applied to a cash account will be higher than that of a margin account. For a margin account, interest will be charged on the outstanding loan amount.
  4. You should ensure there are sufficient stocks in your account for settlement before placing a sell order. Section 170(1) of the Securities & Futures Ordinance prohibits "naked" or "uncovered" short selling. It is a criminal offence for a person to sell securities that he/she does not possess unless at the time of the sale, he/she has an exercisable and unconditional vested right to acquire the securities on time for settlement, or believes and has reasonable grounds to believe that he/she has such a right.
  5. Please ensure that you have deposited enough money into your account prior to placing your order. Your orders will not be placed if you have insufficient funds.

Settlement Day

Settlement day is the second working day after the trade day (T+2).

Trading Statement

  • A daily statement will be issued to you whenever there are trading activities, fund movements, and other activities booked in your account. It will be sent to you by post on the next business day after the trade day.
  • A monthly statement is the summary of trading activities, fund movements, and other activities in your account of a particular month. This will be sent to you by post in the first week of the following month.
  • Daily and monthly statements will be sent to your email account or posted to your mailing address.

Fee Schedule

Brokerage Commission Fee 0.25% (Negotiable)
Transaction Levy (Collected by the SFC) 0.0027% on transaction amount for each transaction
Trading Fee 0.005% (Collected by the SEHK) HK$0.5 per trade
Trading Tariff HK$0.5 per trade (waived)
CCASS Settlement Fee 0.002% on transaction amount for each transaction (maximum HK$100, minimum HK$2)
Stamp Duty

HKD 1 per thousand dollar

Remark:
1) Both buyer and seller are required to pay
2) Round up to the nearest thousand

Italian Financial Transaction Tax
(For buying shares issued by the companies resident in Italy)

0.2%

Calculation:
Daily net purchased shares x weight average purchasing price x 0.2%

Trading Hours

Trading hours for the securities market in Hong Kong, Monday to Friday, (except public holidays), are as follows:
Pre-Market Opening Period
1 Pre-Opening Session 09:00 to 09:15 Hong Kong Time
2 Pre-Open Allocation Session 09:15 to 09:20 Hong Kong Time
3 Open Allocation Session 09:20 to 09:28 Hong Kong Time
Trading Hours of Morning Session 09:30 to 12:00 Hong Kong Time
Trading Hours of Afternoon Session 13:00 to 16:00 Hong Kong Time
Closing Auction Session*
1 Calculation and dissemination of reference price 16:00 to 16:01 Hong Kong Time
2 Order Input Period 16:01 to 16:06 Hong Kong Time
3 No-Cancellation Period 16:06 to 16:08 Hong Kong Time
4 Random Closing 16:08 to 16:10 Hong Kong Time
*Only apply for CAS eligible stock

Number of Shares per Lot Size

It varies among individual stocks.

Risk Disclaimer:

This information does not constitute a solicitation, offer, recommendation to buy or sell any investment products. The risk of securities trading: The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.