What are the rules for trading Hong Kong stocks? Ask for a detailed answer

The rules are as follows: 1) The Continuous Net Settlement System (CNSCC) implements a CNS system. Under the Continuous Net Settlement System, each CCS Participant sells or sells a particular share to another CCS Participant, and the remaining net buy or net sale shares will be offset on a rolling basis.

2) T+2 settlement system.

Transactions that are matched or reported by an Exchange Participant through the Automated Order Matching System must be settled with the ** Clearing System before 3:45 p.m. on the second trading day after each trading day (T day), commonly known as the "T+2" day settlement system (i.e. the trading day plus two trading days for settlement).

Investors need to have a necessary understanding of the procedures, order channels, order forms, transaction costs, and trading hours of the Hong Kong market to enter the ** market for trading.

Investors are required to pay commissions (exchange fees (**fees** lot transfer fees and other fees (per HKD).

2. Trading Hours.

1. **The trading hours of the market (Monday to Friday) are as follows:

The trading hours of the Hong Kong Stock Exchange have been adjusted several times, and the current trading hours are:

On Christmas Eve, New Year's Eve or Lunar New Year's Eve, there is no afternoon trading. At present, it is very convenient for mainland residents to speculate in Hong Kong stocks, and they do not need to go to Hong Kong in person, you only need to trade treasure APP in the public **** or through App Store, Google Play and other platforms, no need to witness offline, and open an account in 5 minutes. All commissions for opening Hong Kong stock accounts through this software are clearly charged at the actual price, regardless of the transaction amount, and there is no minimum charge.

What are the trading rules for Hong Kong stocks?

1. Hong Kong stock trading rules: Hong Kong stock trading time is synchronized with A shares In March 2011, the Hong Kong Stock Exchange has implemented the first phase of extended trading hours, which will advance the morning opening time of Hong Kong stocks to 9:30.

Synchronization with the Mainland**; In March 2012, the second phase of the "overtime" plan was launched, and the trading hours of Hong Kong stocks were extended again, and the opening time of the afternoon market was advanced from 13:30 to 13:00, so as to achieve full coverage of Hong Kong stock trading hours for A-shares.

2. Hong Kong stock trading rules: real-time T+0 trading.

Hong Kong stock trading can be done T+0 rotation trading, that is, it can be bought and sold on the same day, and the number of times is not limited. For those on the short-selling list** (e.g. large blue chips), you can sell before you buy. A shares cannot be sold on the same day, and can only be sold on the second trading day.

3. Hong Kong stock trading rules: T+2 settlement is implemented.

Hong Kong stocks are settled on T+2, and the actual settlement time is the second working day after the trading day (T+2); Prior to T+2, clients were not allowed to withdraw cash, in-kind** and re-custody of ** shares.

4. Hong Kong stock trading rules: There is no limit on the price of all trading varieties.

There is no institutional limit on the range of stock price fluctuations of Hong Kong stocks in a trading day. In the history of Hong Kong stocks, there have been more than one ** index fluctuations of more than 1,000 points, with a range of more than 10% (such as during the Asian financial crisis in 1997), and the stock price rose and fell sharply due to the company's breaking news is commonplace, with almost every day rising and falling by 30% or even more**.

The price rise and fall system of A-shares is 10% for ordinary A-shares and 5% for ST-shares. There is no limit on the rise and fall of the first day of the IPO and the first day of the share reform under special circumstances.

With the continuous development of social economy, I believe that many friends will choose to go to the **exchange, to buy related **, to make their lives better, but in fact, because different **exchanges have different rules, such as the Hong Kong stocks we are familiar with.

trading rules and our Shanghai ** Exchange.

First of all, we must understand that the rules implemented by Hong Kong stocks are T+0 rotary trading system, that is to say, the shares of the first day can be sold directly on the same day, and the implementation of the T+2 settlement system, and the meaning of this system is that the settlement time of ** and funds is before 3:45 p.m. on the second working day after the trading day, and so far, the trading method of Hong Kong stocks can choose to trade, online trading, or entrust relevant economic companies to buy and sell.

However, in this process, we must pay attention to a problem, that is, the number of each transaction of Hong Kong stocks must be a buy unit or its multiples, in short, in the transaction of Hong Kong stocks, each lot may be 400 shares, 500 shares, 1000 shares and 2000 shares, most of which are regulated by listed companies, in addition, Hong Kong stock transactions need to pay certain fees, such as stamp duty.

Transaction levy, trading fees, etc., these related fees, and the upper limit of each order for Hong Kong stocks is 3,000 lots, from which it can be clearly distinguished from our Shanghai ** Exchange and Shenzhen Exchange is very different.

Through the above relevant introduction, I believe that we have a certain understanding of the trading rules and trading methods of Hong Kong stocks, in the process of operation, we can choose to carry out relevant operations through **,** company, or you can choose to operate directly on the Internet**related software, but no matter which mode of operation, we must pay careful attention, because it is very likely that we will ask ourselves to bring economic losses.

The trading hours are the same as those of A-shares, with the morning market opening at 9:30 and real-time T+0 trading. First of all, you have to open an account, **** company's software, through online trading, you can buy**.

On holidays and some Saturdays and Sundays are not allowed to trade, and the operation is the same as the ** transaction in the mainland, choose a time.

The trading rules of Hong Kong stocks are T+2, and trading can be turned around T+0, and you must first open an account, and then you can buy and sell, and you can trade.

First of all, you have to pay a certain fee, such as commission transaction fees, etc., and the upper limit of each order is 3000 hands, you can buy the shares on the same day to sell, the operation is that you can choose to trade, you can also trade online, or entrust an economic company.

The trading rules of Hong Kong stocks are the same as those for A shares.

There are some differences in the buying and selling rules. Hong Kong stocks implement the T+0 trading system, that is, the ** of the same day can be sold on the same day; Two-way trading, i.e. you can go long or short, but according to the Hong Kong Stock Exchange.

It is stipulated that investors can only make short selling warrants if they are listed as "designated for short selling".

and bonds, which are not included in the short selling list; There is no limit on the price of Hong Kong stocks on the same day.

In addition, Hong Kong** trading hours.

It is also slightly different from A-shares:

Trading is conducted from Monday to Friday (except public holidays) and the trading hours are as follows:

1. Pre-opening session: 9:00 a.m. to 9:30 a.m

9:00 a.m. to 9:15 a.m. (At-auction Order Session).

9:15 a.m. to 9:20 a.m. (pre-market session).

9:20 a.m. (Matching Period).

9:20 a.m. to 9:30 a.m. (Suspension period)

2. Continuous Trading Session:

Morning session: 9:30 a.m. to 12 noon

00 (Note: If there is a half-day market due to a holiday, it will be 12:08-12:.)

10. Random closing) Lunch: 13:00 p.m. to 16:00 p.m

08-16:10 (random closing).

On Christmas Eve, New Year's Eve or Lunar New Year's Eve, there will be no afternoon trading.

Extended information: There are two ways to buy Hong Kong stocks in the mainland

1. Through the Hong Kong Stock Connect.

The investment in the Hong Kong Stock Exchange is made through some large domestic companies.

Declare, you can buy and sell after the declaration is successful**. However, the threshold for buying Hong Kong stocks is relatively high, and there must be more than 500,000 funds in the account, and only some ** within the specified range, such as the constituent stocks of the Hang Seng Composite Large Stock Index Socks, there is not much room for investors to choose. So, I don't recommend this method on my side.

2. The threshold for opening a Hong Kong stock brokerage is low, and it is the choice of most people to buy Hong Kong stocks. However, there are two options for opening a Hong Kong stock brokerage:

1) An ID card is required for traditional account opening.

or passport certificate (copy is acceptable), bank card copy, and address proof, and the account holder needs to be in Hong Kong in person. After opening an account, the staff of the brokerage company will hit **, and if there is something wrong to fill in, it will inform you in time; If there is no problem, an email will be sent in a few days, which has information and password, and the account has been successfully opened at this time, as long as you follow the prompts to remit money to invest in Hong Kong stocks. This is actually very troublesome, especially now during the epidemic, it is still inconvenient to go to Hong Kong, and I don't recommend it, I personally recommend the second way to open an account.

2) To open an account on the Internet, you only need the app of the brokerage you want to choose, only need your ID card and registration information, and fill in the information step by step according to the prompts, without on-site processing. Compared with traditional brokers, online brokerages are convenient to open an account, fast transactions, low commissions, and friendly trading software.

Hong Kong stock trading hours. From 9:00 to 9:00 on a trading day

30 is the pre-opening session (call auction), of which 9:00 to 9:15 is accepted for hail selling of auction limit orders; 9:

30 to 12:00 and 13:00 to 16:00

00 is the continuous trading session (continuous auction), and the application of enhanced limit orders is accepted, and 16:00-16:10 is the closing auction session (at 16:00).

The market will close randomly between 08-16:10), and the at-auction limit order will be accepted at 16:01.

First, the price. Each of the ** traded on the exchange is specified"Price point"It represents the smallest increase or decrease and is related to the range in which it is located. The exchange's price table specifies the price level from 1000-9995 Hong Kong dollars per ** price (price in Hong Kong dollars) to ** prices in Hong Kong dollars (price in Hong Kong dollars).

When a certain price rises or goes to another range, its price will also change.

2. Market opening**. The Rules of the Exchange provide:"Market open**"Procedures should be followed to ensure continuity between two adjacent trading days** and to prevent severe market volatility at market opening: the first buy or sell order entered into the trading system on each trading day is governed by the market opening rules.

The ** of the first order cannot be spread above or below the previous closing price by 4 spreads.

1. Hong Kong stocks implement the T+0 rotary trading system, that is, the shares of the first day can be sold on the same day; T+2 settlement system, ** and funds are settled before 3:45 p.m. on the second business day after the trading day.

2. The current trading methods of Hong Kong stocks such as Hengheng can choose to trade ** trading, online trading or entrusted economic companies to buy and sell.

3. The number of each transaction of Hong Kong stocks must be a trading unit or its multiples, "hand" is the term of Hong Kong stocks, and each lot may be 400 shares, 500 shares, 1000 shares and 2000 shares in Hong Kong stock trading, etc., which is stipulated by the listed company.

4. The upper limit of each order is 3,000 lots.

5. Hong Kong stock trading needs to pay certain fees, such as stamp duty, commission, transaction levy, transaction fee and other grandchildren.

As people's living standards are getting higher and higher, more and more people now want to invest, and most of them are aiming at the first liquid nuclear trading, especially many young people now like to invest in Hong Kong stocks. If you want to invest in Hong Kong stocks, then you naturally have to figure out what the trading rules of Hong Kong stocks are, if you don't even know the rules, it is actually a blind investment, so the probability of loss will be relatively large. <>

First of all, we need to know that Hong Kong stocks actually implement T+0 rotation trading, which means that Hong Kong stocks can be bought or sold on the same day. However, it should be noted that the implementation of T+0 day rotation transaction does not mean that cash can be withdrawn on the same day, because the actual settlement date of Hong Kong stocks is actually T+2, which means that cash cannot be withdrawn before this, nor can it be transferred to custody of ** shares. If you want to invest in Hong Kong stocks, one thing we need to pay attention to is that Hong Kong stocks can be short-sold.

In addition to these, we also need to know the specific time of Hong Kong stock trading, so that it is convenient for us to buy or sell. Generally, Monday to Friday of each week is the trading day of Hong Kong stocks, and the market will be closed on Saturday and Sunday, which is actually not much different from the ** trading in our mainland. If the trade is made before the market opens, then the time is 9 a.m

00~9:30。If you trade in the morning, the time is usually at 9:00

From 30 to 12 noon, from 12 noon to 1 p.m. is the rest time. <>

There is also a point to note that there are some special days when there is no trading, such as Christmas Eve, New Year's Eve, and if you invest in Hong Kong stocks, there is generally no ** transaction. Novices investing in Hong Kong stocks, in fact, the most important thing is to choose a regular brokerage, which can be operated after opening an account, because there are not too many threshold restrictions for investing in Hong Kong stocks. If you are a novice who doesn't know much, you can choose some demo accounts to experience first.