Shanghai Connect

(Northbound)

Shenzhen Connect

(Northbound)

Hong Kong Connect

(Southbound)

Qualification

N/A

ChiNext only open to institutional professional investors

Institutional investors or holders of personal account with no less than RMB500,000.

Eligible Stocks

Constituents of SSE 180 Index  and  SSE 380 Index, and A shares with corresponding H shares listed on SEHK

1. Constituents of

- SZSE Component Index

- SZSE Small/Mid Cap Innovation Index

* With market capitalization at least RMB 6B

2. A shares of SZSE-SEHK A+H

Shanghai-HK connect: 
Constituents of Hang Seng Composite LargeCap Index and Hang Seng Composite MidCap index, and H shares with corresponding A shares listed on SSE
 

Shenzhen-HK connect
1. Constituents of

- HS Comp LargeCap Index

- HS Comp MidCap Index

- HS Comp Small Cap Index (with market capitalization at least HK$5B)

2. H-shares of SSE-SEHK A+H

3. H-shares of SZSE-SEHK A+H

For the list of all eligible securities, please visit the website below:

https://www.hkex.com.hk/mutual-market/stock-connect/eligible-stocks/view-all-eligible-securities?sc_lang=en

Daily Quota

RMB 52 billion

RMB 52 billion

RMB 42 billion for each of Shanghai and Shenzhen, RMB 84 billion in total

Currency

Trading and settlement by RMB

Trading in HKD and Settlement by RMB

Order Type

Limit orders only

• Pre-opening session: At-auction limit orders only
• Continuous Trading Hours: enhanced limited orders only
• Closing Auction: At-auction limited orders only

Day Trading

Not Allowed

Allowed

Lot Size

100 shares

Varies among stocks

Order Size Limit

1 million shares

3000 Lots

Minimum Spread

RMB 0.01

Depends on stock price

Daily Price Limit

±10% against previous closing price or

±5% against previous closing price for stocks under risk warning

N/A

SEHK has put in place a dynamic price checking for buy orders. Buy orders with input prices lower than the current best bid by 3% will be rejected by CSC.

N/A

Settlement Day

T+1

T+2

Trading Hours

SSE/ SZSE

SEHK

Opening Call Auction

09:15 － 09:25

Pre-opening Session
09:00 – 09:30
Continuous Trading Session
09:30 – 12:00
13:00 – 16:00
Closing Auction Session
16:00 – 16:10 (random closing between16:08 and 16:10)

Continuous Auction

09:30 － 11:30
13:00 － 14:57

Closing Call Auction

14:57 – 15:00

09:10 – 09:15; 09:25 – 09:30; 12:55 – 13:00: Orders and order cancellations can be accepted by SEHK but will not be processed until market open