China A Shares (SZ-HK Stock Connect) Aus

Brokerage
  Online Trades Broker-Assisted Trades
Commission 0.25% 0.30%
Minimum RMB 88 RMB 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: All fees and charges are subject to Goods & Services Tax (GST). GST will also be applicable on related foreign fees such as stamp duty, exchange and trading fees from 1st April 2022. Fees & charges may be subject to changes without prior notice. Please click here for custodian charges.

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 (2021)

2021

Month Day Date Holidays Settlement Trading Day
January
 Friday 01 January New Year’s Day No No

February



 Thursday 11 February Lunar New Year No No
Friday 12 February Lunar New Year No No
Monday 15 February Lunar New Year No No
Tuesday 16 February Lunar New Year No No
Wednesday 17 February Lunar New Year No No
April

 Thursday 01 April Day Before Good Friday Yes No
Friday 02 April Good Friday No No
Monday 05 April Easter Monday No No
Tuesday 06 April Ching Ming Festival No No
May




 Monday 3 May Labour Day Holiday No No
Tuesday 4 May Labour Day Holiday No No 
Wednesday 5 May Labour Day Holiday No No
Tuesday 18 May Market Holiday Yes No
Wednesday 19 May Buddha’s Birthday No No
June Monday 14 June Tuen Ng Festival No No
Wednesday 30 June Market Holiday Yes No
July Thursday 01 July Sar Establishment Day No No
September

 Monday 06 September Labor Day No Full
Tuesday 21 September Mid-autumn Festival No No
Wednesday 22 September Mid-autumn Fest No No
October




 Friday 01 October National Day (obs) No No
Monday 04 October National Day No No
Tuesday 05 October National Day No No
Thursday 14 October Chueng Yeung Festival No No
December Friday 24 December Day Before Christmas Yes No
Monday 27 December Christmas Day Obs No No

*Settlement – Change based on money settlement 

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