1. Can investor do day trading on SSE Securities?
Day trading is not allowed for Mainland A shares market. Therefore, Hong Kong and overseas investors buying SSE Securities on T-day can only sell the shares on and after T+1 day.
2. What are the board lot/odd lot, order size and tick size for SSE Securities?
All 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 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 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.
3. What is the holiday arrangement?
Investors will only be allowed to trade on the other market on days where both markets are open for trading, and banking services are available in both markets on the corresponding settlement days. This arrangement is essential in ensuring that investors and brokers will have the necessary banking support on the relevant settlement days when they will be required to make payments.
The following table illustrates the holiday arrangement of Northbound trading of SSE Securities:
|Open for Northbound Trading?
|No (HK market closes on money settlement day)
|No (HK market closes on trading day)
|No (Mainland market closes)
4. What is the contingency arrangement under severe weather conditions?
Northbound trading arrangement under severe weather conditions will be as follows:
|Northbound Trading of SSE Securities
(for T-1 position)
(for T position)
|T8/Black rainstorm issued before HK market opens (i.e. before 9:00 a.m.) and discontinued after 12:00 noon
|T8 issued between 9:00 a.m. and 9:15 a.m.
|T8 issued after SSE market opens (i.e. 9:15 a.m.)
|Trading will continue for 15 minutes after T8 issuance, thereafter, only order cancellation is allowed till SSE market close
|Black rainstorm issued after HK market opens (i.e. 9:00 a.m.)
|Trading continues as normal
|T8/Black rainstorm discontinued at or before 12:00 noon
|Trading resumes after 2 hours
|Postpone to 3 p.m.
5. Under what situations will Hong Kong and overseas investors be restricted from buying SSE Securities?
Investors will only be allowed to sell an SSE Security but restricted from further buying if:
(a) The SSE Security subsequently ceases to be a constituent stock of the relevant indices; and/or
(b) The SSE Security is subsequently under "risk alert"; and/or
(c) the corresponding H share of the SSE Security subsequently ceases to be traded on SEHK, as the case may be.