- What is the trading session?
Except for public holidays and the market closure due to bad weather, the Hong Kong stock market generally trades from Monday to Friday. The trading hours are as follows:
- Pre-open Period
| Time period | Trading Rules |
|---|---|
| Enter order 9:00-9:15 | Submit, modify, and cancel auction market orders and auction limit orders |
| Non-cancellable 9:15-9:20 | Only at-auction market orders and at-auction limit orders can be submitted, and orders cannot be withdrawn or modified |
| Random match period 9:20-9:22 (match will start randomly at 9:20-9:22 at the final reference equilibrium price) | Conduct matchmaking during auction period |
| Pause period, from random match period ends to 9:30 | At-auction order: Incomplete order will be cancelled by the system; At-auction limit order: If the input price range of an incomplete order does not deviate from the nominal price by nine times or more, it will be converted to a limit order and automatically transferred to the continuous trading session |
- Continuous Trading Hours
| Time period | Beijing Time |
|---|---|
| Morning market | 9:30-12:00 |
| Closed at noon | 12:00-13:00 |
| Afternoon market | 13:00-16:00 |
*Note: Order modification is not allowed during the closed at noon, and order cancellation is allowed from 12:30-13:00.
- Closing Auction Trading Session
| Time period | Trading Rules |
|---|---|
| Closing auction period 16:00-16:01 | Calculate and publish reference price; orders cannot be submitted |
| Enter order 16:01-16:06 | You can submit, modify, and cancel at-auction market orders and auction limit orders. The price limit of auction limit orders shall not exceed ±5% of the reference price |
| Non-cancellable 16:06-16:08 | At-auction market orders and at-auction limit orders can be submitted, and cannot be cancelled or changed; the input price of at-auction limit orders must be between the lowest selling price and the highest bidding price |
| Random closing 16:08-16:10 | At random closing time, at-auction market orders and at-auction limit orders can still be submitted, and cannot be cancelled or changed; the input price of auction limit orders must be between the lowest selling price and the highest bidding price |
2. What is the settlement period?
The Hong Kong stock settlement rules are T+2, that is, for stocks traded today (T0), the securities company and the clearinghouse will complete the settlement of funds and stocks 2 days after the trading day (T+2).
3. What types of orders are supported?
Enhanced Limited Order, At Auction order and At-Auction Limit order are supported.
An Enhanced Limit order (ELO) is an order submitted at a given price (Limit Price) that can be matched with queued opposite orders at the Limit Price and/or ten spreads better than the Limit Price.
An At-auction Order is an order with no specified price and enjoys a higher matching priority than an At-auction Limit Order (AUO). Once an At-auction Order is entered into the trading system during the Pre-opening Session or Closing Auction Session, it will be matched at the final Indicative Equilibrium Price (IEP). Any unfilled At-auction Order will be cancelled automatically before the commencement of the Continuous Trading Session or after market closes. Please note that the final trade price (i.e. the final Indicative Equilibrium Price) is not known at the time of order input and may not fall within or may largely deviate from your expected price range.
An At-auction Limit Order is an order with a specified price input during the Pre-opening Session. A Buy Order with a specified price higher than or equal to the final Indicative Equilibrium Price (IEP), or a Sell Order with a specified price lower than or equal to the final Indicative Equilibrium Price will be matched at the final Indicative Equilibrium Price. Any unfilled At-auction Limit Order in Pre-opening Session will be converted to Limit Order and carried forward to the Continuous Trading Session. If the order remains unfilled in the Continuous Trading Session and it is within the permissible price limit, it will be automatically carried forward from Continuous Trading Session to the Closing Auction Session. The system will treat all such orders as at-auction limit orders.
4. How do I place/modify/cancel an order?
Steps:
How to place an order?
1. Go to Account.
2. Find Trade.
3. Enter the information required for trading.
4. Click Unlock Trade.
5. Enter your 6-digit trading password.
6. Click Buy or Sell.
How to modify/cancel an order?
1. Go to Account.
2. Find Today's Orders.
3. Click on the order then you will see Edit or Cancel button.