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 (2018)
Month Day Date Holidays Settlement Trading Day
January Monday 01 January New Year’s Day No No
February Thursday 15 February Lunar New Year No No
Friday 16 February Lunar New Year No No
Monday 19 February Lunar New Year No No
Tuesday 20 February Lunar New Year No No
Wednesday 21 February Lunar New Year No No
March Thursday 29 March Day Before Good Friday Yes No
Friday 30 March Good Friday No No
April Monday 02 April Easter Monday No No
Thursday 05 April Ching Ming Festival No No
Friday 06 April Ching Ming Festival No No
Monday 30 April Labour Day Holiday No No
May Tuesday 01 May Labour Day No No
Monday 21 May Buddha’s Birthday No No
Tuesday 22 May Buddha’s Birthday No No
June Monday 18 June Tuen Ng Festival No No
Friday 29 June Hksar Establishment Day Yes No
July Monday 02 July Sar Establishment Day No No
September Monday 24 September Mid-autumn Festival No No
Tuesday 25 September Day After Mid-autumn Fest No No
October Monday 01 October National Day No No
Tuesday 02 October National Day No No
Wednesday 03 October National Day No No
Thursday 04 October National Day No No
Friday 05 October National Day No No
Wednesday 17 October Chung Yeung Festival No No
December Monday 24 December Day Before Christmas Yes No
Tuesday 25 December Christmas Day No No
Wednesday 26 December Christmas Holiday No No

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

Stock Connect Infographic

SZHK-INFOGRAPHIC-FA