Trading Specification

SSE (Northbound trading) SZSE (Northbound trading) HKStock (Southbound trading)
Qualification
No restriction ChiNext only open to institutional professional investors Institutional investors or holders of personal account with no less than RMB500,000.
Constituent stock of relevant indices
SSE 180 Index and SSE 380 Index All the constituent stocks of the SZSE Component
Index and the SZSE Small / Mid Cap Innovation Index which have a market capitalization of not less than RMB 6 billion
Hang Seng Composite LargeCap Index and Hang Seng Composite MidCap Index
A+H shares
All the SSE-listed and SZSE-listed A shares that are not included as constituent stocks of the relevant indices but which have corresponding H shares listed on SEHK All the SSE-listed and SZSE-listed A shares that are not included as constituent stocks of the relevant indices but which have corresponding H shares listed on SEHK All H shares that are not included as constituent stocks of the relevant indices but which have corresponding shares in the form of SSE-listed Shares / SZSE-listed Shares
Except
SSE-listed / SZSE-listed shares which are not traded in RMB and SSE-listed / SZSE-listed shares which are included in the “risk alert board" SSE-listed / SZSE-listed shares which are not traded in RMB and SSE-listed / SZSE-listed shares which are included in the “risk alert board" Hong Kong shares that are not traded in Hong Kong dollars (HKD); H shares which have corresponding shares listed and traded on an exchange in Mainland China other than SSE / SZSE; and H shares which have corresponding A shares put under “risk alert”
Daily Quota
The Northbound Daily Quota is set at RMB 13 billion for each of Shanghai Connect and Shenzhen Connect The Northbound Daily Quota is set at RMB 13 billion for each of Shanghai Connect and Shenzhen Connect Southbound Daily Quota is set at RMB 10.5 billion for each of Shanghai Connect and Shenzhen Connect
Number of Tradable Stocks
573 880 SSE : 318
SZSE : 417
Trading Hours
Opening Call Auction 09:15 – 09:25
Continuous Auction (Morning) 09:30 – 11:30
Continuous Auction (Afternoon) 13:00 – 15:00
Closing Call Auction N/A
Opening Call Auction 09:15 – 09:25
Continuous Auction (Morning) 09:30 – 11:30
Continuous Auction (Afternoon) 13:00 – 14:57
Closing Call Auction 14:57 – 15:00
Pre-opening 09:00 – 09:30
Continuous Auction (Morning) 09:30 – 12:00
Continuous Auction (Afternoon) 13:00 – 16:00
Closing Call Auction 16:00 – 16:10
Trading Currency
RMB RMB HKD
Day (Turnaround) Trading
Day trading is not allowed Day trading is not allowed Allowed
Initial Public Offering
Not available Not available Not available
Board Lot Size
100 shares per lot 100 shares per lot Set by listed company
Upper limit for Order size
1,000,000 shares 1,000,000 shares Set by listed company
Price Spread
RMB0.01 RMB0.01 Subject to the stock price
Price Limit
General price limit of ±10% based on previous closing price
Special Price Limit: ±5% for ST and *ST stock
General price limit of ±10% based on previous closing price
Special Price Limit: ±5% for ST and *ST stock
Under Volatility Control Mechanism (VCM), HSI & HSCEI constituent stocks will put into a cooling off period for 5 minutes if the stock price fluctuates more than 10% from the reference price from 5 minutes ago. Maximum of 1 trigger in morning and afternoon session.
Settlement Cycle
Securities settlement on Trade day
Money settlement on T+1 day
Securities settlement on Trade day
Money settlement on T+1 day
Both Securities settlement and Money settlement on T+2 day
Shareholder Voting
Through CCASS’s existing voting functions Through CCASS’s existing voting functions ChinaClear to collect and submit votes