CS hotline:HK (852)2596 8220 China (86)0755-23990181 | Dealing hotline:HK (852)2596 8228 China (86)0755-23995600
Shanghai Connect / Shenzhen Connect
Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are securities trading and clearing links programme developed by Hong Kong Exchanges and Clearing Limited (HKEX), Shanghai Stock Exchange (SSE) , Shenzhen Stock Exchanges (“SZSE”) and China Securities Depository and Clearing Corporation Limited (ChinaClear), aiming to achieve a breakthrough in mutual market access between the Mainland and Hong Kong. Under this program, Hong Kong and overseas investors will be allowed to trade eligible SSE Securities and SZSE Securities through Northbound Trading of Shanghai Connect and Shenzhen Connect in our trading system.
List of Shanghai Connect Securities & Shenzhen Connect Securities
Shanghai/ Shenzhen-Hong Kong Stock Connect Overview
Trading Hours
Shanghai/ Shenzhen-Hong Kong Stock Connect Overview
Shanghai Connect (Northbound) |
Shenzhen Connect (Northbound) |
Hong Kong Connect (Southbound) |
Qualification |
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N/A |
ChiNext only open to institutional professional investors |
Institutional investors or holders of personal account with no less than RMB500,000. |
Eligible Stocks |
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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: Shenzhen-HK connect - 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 |
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Daily Quota |
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RMB 52 billion |
RMB 52 billion |
RMB 42 billion for each of Shanghai and Shenzhen, RMB 84 billion in total |
Currency |
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Trading and settlement by RMB |
Trading in HKD and Settlement by RMB |
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Order Type |
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Limit orders only |
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Day Trading |
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Not Allowed |
Allowed |
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Lot Size |
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100 shares |
Varies among stocks |
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Order Size Limit |
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1 million shares |
3000 Lots |
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Minimum Spread |
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RMB 0.01 |
Depends on stock price |
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Daily Price Limit |
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±10% against previous closing price or ±5% against previous closing price for stocks under risk warning |
N/A |
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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 |
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Settlement Day |
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T+1 |
T+2 |
Trading hours
Trading Hours |
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SSE/ SZSE |
SEHK |
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Opening Call Auction |
09:15 - 09:25 |
Pre-opening Session |
Continuous Auction |
09:30 - 11:30 |
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Closing Call Auction |
14:57 – 15:00 |
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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 |