Investor Presentaiton slide image

Investor Presentaiton

Trading Information. Trading on Hong Kong Holidays Open only: Order Types Order Modification Board Lot Odd Lot Max Order Size Spread Price Limit Day (Turnaround) Trading Manual Trade / Block Trade Margin Trading Stock Borrowing & Lending (SBL) Short Selling Non-trade Transfer •⚫ both SEHK and SSE/SZSE are open for business; and banking services of both markets are open on the corresponding money settlement days Limit orders only (SSE/SZSE limit orders may be executed at or better than the input price) Not allowed (must cancel and re-input order) 100 shares (applicable to buy orders only) Sell orders only (should be made in one single order) 1 mn shares Uniform at RMB 0.01 •In general ±10% on previous closing price (±5% for ST and *ST stocks) •Price of buy orders must not be lower than 3% of current best bid price (in its absence the latest trade price; and in the absence of both then previous closing price) Not allowed Not allowed •Only eligible A shares are allowed •SSE/SZSE may suspend margin trading in specific A shares if the volume of margin trading in such A shares exceeds a certain threshold •Only allowed for (i) covered short selling and (ii) meeting pre-trade checking •Only eligible persons may lend China Connect Securities •Only eligible A shares are allowed (see List of Eligible SSE/SZSE Securities for Short Selling) •Short selling orders must be (i) flagged; (ii) in multiple of 100 shares and (iii) subject to tick rule •Short selling quantity of is subject to a daily limit (1%) and a 10-day cumulative limit (5%) ⚫SSE/SZSE may suspend short selling of specific A shares if the short selling activities of such A shares exceed a certain threshold •There are reporting requirements (Short Selling Weekly Report, Large Open Short Position Report) •Short selling statistics are available on HKEX website to facilitate short selling Allowable for: ⚫SBL for covered short selling purpose (not more than one month duration); ⚫SBL for the purpose of satisfying the pre-trade checking (1 day duration which cannot be rolled over); •Transfers between EPs and their clients for the purpose of rectifying error trades; •Post-trade allocation of shares to different funds/sub-funds by fund managers; ⚫Other situations specified by SSE, SZSE and ChinaClear. 3 C Source: http://www.hkex.com.hk/eng/market/sec_tradinfra/chinaconnect/Documents/Briefing%20to%20Participants%20on%20Shenzhen-Hong%20Kong%20Stock%20Connect.pdf Data as of Aug 2016 citi
View entire presentation