China A Shares (SZ-HK Stock Connect) Aus

Brokerage
Online Trades Broker-Assisted Trades
Commission 0.25% 0.30%
Minimum CNY 88 CNY 150
Other Foreign Fees
Handling Fee 0.00487%
Security Management Fee 0.002%
Transfer Fee 0.004% on gross value or consideration
Stamp Duty 0.1% (Sell only)
Portfolio Fee Daily stock portfolio value x 0.008% / 365 (Accrued daily and collected on a monthly basis in SGD equivalent, charged by Hong Kong Securities Clearing Company Limited)

Note: Goods & Services Tax (GST) will be applied to commission charges. Commission and exchange fees may be subject to change without prior notice.

Trading Mode
Order Placement (Board lots) Via
1) POEMS 2.0 or
2) Your designated Trading Representative
Odd lot (Sell only) 1) POEMS 2.0 or
2) Your designated Trading Representative
Common order rejection messages Your orders may be rejected due to the following reasons:

  1. Incorrect bid size (0.01 RMB)
  2. Incorrect lot size ( 100 shares) Applicable only for BUY trades
  3. Intra-day trades is not allowed ( Selling can only be executed after shares is settled on T+1)
  4. Price Limit of ±10% (and ±5% for shares of “ST companies” and “*ST companies”) based on the previous closing price
  5. 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)
  6. Maximum Order Size 1,000,000 shares

 

Trading Details
Trading lot 100 shares
Price Quote 15 minutes delayed on POEMS 2.0
Exchange Shenzhen Stock Exchange
Traded currency RMB
Minimum bid size RMB 0.01

Note:
1. You are not allowed to buy shares and subsequently sell them on the same trading day. Shares bought on T day can only be sold on T+1 onwards.
2. Buy orders must be in board lot; odd lot trading is only available for sell orders.

Trading Hours
Shenzhen Stock Exchange Trading Session Shenzhen Stock Exchange Trading Hours
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

Note:

  1. 09:20 – 09:25 and 14:57 – 15:00: Shenzhen Stock Exchange will not accept order cancellation.
  2. 09:10 – 09:15; 09:25 – 09:30; 12:55 – 13:00: orders and order cancellations can be input into CSC but will not be processed by Shenzhen Stock Exchange until SZSE’s market open.
  3. Orders that are not executed during the opening call auction session will automatically enter the continuous auction session.
Settlement
Settlement Date T+1 market days
Settlement Currency SGD & CNY
Order Amalgamation Yes (Conditions for Amalgamation, click here)

Note: For payment methods, please click here.

 

Holidays (2020)

2020

Month Day Date Holidays Settlement Trading Day
January Wednesday 01 January New Year’s Day No No
Friday 24 January Lunar New Year No No
Monday 27 January Lunar New Year No No
Tuesday 28 January Lunar New Year No No
Wednesday 29 January Lunar New Year No No
Thursday 30 January Lunar New Year No No
April

 Monday 06 April Ching Ming Festival No No
Thursday 09 April Day Before Good Friday Yes No
Friday 10 April Good Friday No No
Monday 13 April Easter Monday No No
Thursday 30 April Buddha’s Birthday No No
May Friday 01 May Labor Day No No
June Thursday 25 June Tuen Ng Festival No No
Tuesday 30 June Hksar Establishment Day Yes No
July Wednesday 01 July Sar Establishment Day No No
October Thursday 01 October National Day (obs) No No
Friday 02 October National Day No No
Monday 05 October National Day No No
Monday 26 October Chung Yeung Festival No No
December Thursday 24 December Day Before Christmas Yes No
Friday 25 December Christmas Day No No

*Settlement – Change based on money settlement 

Note: Information is correct at time of p osting. For latest updates, please refer to the Stock Connect Trading Calendar.

Stock Connect Infographic

SZHK-INFOGRAPHIC-FA