1. Notice on The Arrangements during Severe Weather Trading with effect on 23 September 2024

HKEX will maintain trading, post-trade and listing arrangements in its securities and derivatives markets, including Stock Connect, derivatives holiday trading, and after-hours trading, during a SWT events ((defined as Typhoon Signal No. 8 or above or the Black Rainstorm Warning issued by the Hong Kong Observatory, or “Extreme Conditions” announcement by the HKSAR Government).  Starting from 23 September 2024, the settlement arrangement for all securities transaction via HKEX will no longer be postponed due to severe weather conditions.   According to the requirements of HKEX, South China Securities Limited and South China Commodities Limited (“Our Companies”) will support the trading activities during SWT.  Our Companies will maintain the following services during SWT to ensure that your trading and account management remain unaffected as much as possible:-

· Trading Market Services: Trading, clearing, and settlement services for securities and futures contracts listed in Hong Kong (Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, futures and options including normal trading session and after-hours trading session) as well as Overseas Markets. 

· Over-the-Counter (OTC) Trading Services: Trading, clearing, and settlement services for OTC products such as structured products and bonds.

· IPO and Grey Market: Trading, clearing, and settlement services for initial public offerings (IPOs) and also its grey market in Hong Kong.

· Funds Services: Clients may conduct fund deposits, withdrawals, internal transfers, and currency exchange electronically (excluding physical cheque).

· Stock/Stock Options Services: Stock deposit and withdrawal services via electronic channels (only SI & ISI and excluding physical certificates).

· Corporate Actions and Agency Services: Provision of corporate actions and agency services in Hong Kong and other overseas markets, subject to the specific arrangements affected by custodian banks and relevant regulations.

 Recommendations during SWT: 

1. Office Closure:  Head office and Branch will be closed to the public on trading day(s) with SWT. Please contact your AE electronically to handle related matters. All appointments for physical services on such day(s) will be cancelled. Please contact us during office hours on normal business day to reschedule new appointments.

2. Electronic Transfer is Recommended:  Bank branches may be closed during SWT, with only electronic channels available. We recommend electronic fund transfers and advise you to review and adjust your electronic transfer limits in advance to ensure flexibility in fund arrangements.

3. Funds Settlement Obligations:  Clients are advised to pay special attention to fund arrangements and ensure sufficient fund available in account for settlement and/or margin calls on trading day(s) with SWT.  We reserves the right to forcibly liquidate client portfolios if settlement obligations are not timely fulfilled.

4. Service Feasibility:  The above service arrangements may be affected by the feasibility and arrangements of our service providers, banks, issuers, custodians, counter parties and execution brokers etc.  We will notify you promptly of any changes.

5. Customer Service Assistance:  For other service assistance, please feel free to contact your AE or call our Customer Service Hotline at +852 2111 2222 for assistance.

2. For Mainland Investors Northbound Trading of Stock Connect: Amendment to the rules in relation to restricting Mainland investors from Northbound Trading under Stock Connect with effect from 25 July 2022, and the one-year transition period will be expired on 23 July 2023.  During the transition period, Mainland investors with CHN as the country or region issuance of Broker-to-Client Assigned Number (CHN BCAN) could still buy and sell China Connect Securities through Northbound Trading under Stock Connect with the registered CHN BCANs.  From 24 July 2023, Mainland investors shall not proactively buy any China Connect Securities through Northbound Trading under Stock Connect (including subscription for right issues) and existing China Connect Securities held by Mainland investors could be sold only.  If the client has obtained any identity documents issued outside Mainland China, please provide us a copy for record to keep the existing CHN BCANs.

3. The Hong Kong Investor Identification Regime and the Over-the-counter Securities Transactions Reporting Regime will be launched on 20 March 2023:  Client (for individual clients only) can simply provide the account number and mobile phone number (registered in the account) and confirm the consent by clicking this link. If client disagrees, withdraws or fails to confirm consent before 20 March 2023 South China Securities Limited (“SCSL”) can only provide limited services (please refer to the “Client Consent under the Investor Identification and Over-the-counter Securities Transactions Reporting Regime”).  

4. Please note that we have changed our business strategy, with effect from 31st January 2024, we will only provide online trading services for US Stocks and After-hours Futures Trading.

    If you have any enquiries for the aforesaid arrangements, please contact Customer Service Hotline at 2111 2222.