How to trade fractional shares held by Southbound investors

Hello, less than one full trading unit (i.e. a full 1 lot)** is called "odd lot" in the Hong Kong market ("odd shares" in the mainland). The SEHK's trading system does not provide auto-matching for odd lots, but there is a "Odd Lot Special Lots Market" in the system for investors to trade odd lots. Exchange Participants can place odd lot orders on the designated page of the trading system for Participants to place their own order matching.

Typically, fractional shares will be slightly worse than the same shares in the full unit market. Mainland investors participating in the Shenzhen-Hong Kong Stock Connect business can only sell odd shares in the odd market, but cannot **.

Even if it is a full 1 lot, but because it is lower than the lowest price in the full lot market, it can also be traded in the "odd lot special lot market". For example, if the nominal price of a ** is as low as HKDD, the bid and ask price entered in the SJD can still be as low as HKD as the lowest input price set by the system. However, when the nominal price of a ** is as low as HK$, the input price of the relevant ** must not deviate from the nominal price by 9 times or more.

To enhance market transparency, the Exchange will also publish real-time information on the odd lot SSD market to informants**.

The Exchange's trading system does not provide automatic matching of odd lots, but instead provides an "odd lot special trading lot market" in the system for odd lot trading. Odd lots held by Southbound investors can only be sold through SEHK's semi-automatic odd lot trading system.

Investors can sell fractional shares in the market, but the purchase price will be slightly lower than the market price. Odd lot transactions need to be processed manually, and in order to ensure that customers' transactions can be processed as soon as possible, they need to be processed 15 minutes before the market closes (morning trading: 9:

30-11:45 Lunch: 13:

00-15:45) to issue a smothered odd share trade request.

Investors can sell fractional shares in the market, but the purchase price will be slightly lower than the market price. Odd lot transactions need to be processed manually, and in order to ensure that the transactions of Lao Laheng customers can be processed as soon as possible, they need to be processed 15 minutes before the market closes (morning trading: 9:

30-11:45 Lunch: 13:

00-15:45) to issue a fractional share trade request.

For trading in Hong Kong**, the smallest trading unit is one lot, and the number of positions held in fraction of one lot is "odd lot". For example, Tencent Holdings asks for 100 shares in one hand, and if there are 150 shares of Tencent in hand, then 50 shares will become odd shares. Generally, when the company gives bonus shares or serves as shares, there will be odd shares.

The delivery time of Hong Kong stocks is T+2, which means that if the transaction is traded today, the company and the calculation office will carry out fund settlement and settlement on the second working day after clearing.

Hello, less than one lot, that is, less than one full trading unit**, the Hong Kong market is called "odd shares" (in the mainland, it is called "odd shares"). The Exchange's trading system does not provide automatic matching of odd lots, but instead provides an "odd lot special trading lot market" in the system for odd lot trading. At present, odd lot trading is carried out on the SEHK through semi-automatic order matching, usually at a discount.

Investors are reminded that the odd lot held by Hong Kong Stock Connect investors can only be sold through the SEHK's semi-automatic odd lot trading system, and cannot be **.

Investors are reminded that the odd lot special unit market does not accept orders with an input price higher than or equal to the minimum price limit of the full unit (e.g. ** is RMB) and the number of shares is equal to or greater than one full board lot (i.e. one board lot) for semi-automatic order matching.

In addition, even if it is a full lot, it is also traded in the "odd lot special unit market" because it is lower than the lowest nominal price in the full lot market. For example, if the nominal price of a ** is as low as HKD, then the bid and ask price input by investors in the SFC can still be as low as the lowest input price set by the system: HKD.

However, when the nominal price of a ** is as low as HK$1, the maximum input price of the ** must not deviate by 9 times or more from the nominal price.

Fractional shares can be sold or not bought.

If there is a fractional lot to sell, you can sell it.

Investors can sell fractional shares in the market, but the purchase price will be slightly lower than the market price. Odd lot transactions need to be processed manually, and in order to ensure that customers' transactions can be processed as soon as possible, they need to be processed 15 minutes before the market closes (morning trading: 9:

30-11:45 Lunch: 13:

00-15:45) to issue a fractional share trade request.

Hong Kong stocks. The delivery time is T+2, that is, the ** of today's transaction, ** company and the calculation firm will carry out fund settlement and ** settlement on the second working day after clearing.

In fact, Futu**Yes, there is a "odd lot order" in the trading column of Futubull, and you can buy and sell odd shares by clicking this button.

If it is less than one lot, it is called "odd shares" in Hong Kong ("odd shares" in the mainland). Mainland Hong Kong stock investors for Hong Kong Stock Connect odd share operation: in the Hong Kong Stock Connect menu "Odd Lot Sell" menu operation; Can only be sold, not **; Odd lot trading is carried out on the Stock Exchange in a semi-automated order matching method, and there is often a discount.

If you want to trade broken bones, you can generally find it in the brokerage platform that supports Hong Kong and U.S. stocks, and they should have a tutorial for specific operations, take Yinglu ** as an example, you can find the odd stock transaction in the app called **Niu that they have cooperation, and then you can contact your customer service manager or something to ask how to operate, or just ask in the background, their service speed is still okay.

Trading in Hong Kong**The minimum trading unit is one lot, and the number of positions that are less than one lot is the number of positions"Fractional shares"。Generally, when a company gives bonus shares or rights issues, it will generate odd shares. Investors can sell fractional shares in the market, but the purchase price will be slightly lower than the market price.

Odd lot transactions need to be processed manually, and in order to ensure that customers' transactions can be processed as soon as possible, they need to be processed 15 minutes before the market closes (morning trading: 09:30-11:

45. Lunch: 13:00-15:

45) Issue an application for odd lot trading.

2. Investment is risky, and you need to be cautious when entering the market.

For trading in Hong Kong**, the smallest trading unit is one lot, and the number of positions held in fraction of one lot is "odd lot". Generally, when a company gives bonus shares or rights issues, it will generate odd shares. Investors can sell fractional shares in the market, but the purchase price will be slightly lower than the market price.

Odd lot transactions need to be processed manually, and in order to ensure that customers' transactions can be processed as soon as possible, they need to be processed 15 minutes before the market closes (morning trading: 9:30-11:).

45. Lunch: 13:00-15:

45) Make odd lot trade requests.