Is there a price limit for the Hong Kong Stock Connect?
No, the trading rules of Hong Kong Stock Connect abide by Hong Kong stocks, so there is no limit on the price of stocks, that is, there is no daily limit and daily limit, and Hong Kong Stock Connect implements T+0 cycle trading, that is, stocks bought on the same day can be sold on the same day. T+2 settlement of securities and funds on the settlement date. You can buy A shares on the T+2 settlement date, but it is not advisable to have funds available. After the settlement is completed (T+3 days).
There are no price limits for Hong Kong stocks and Hong Kong Stock Connect, but there are price declaration restrictions:
I. All-day trading hours:
The buying and selling price shall not exceed 9 times or more of the current buying price (that is, the latest transaction price) and shall not be lower than 1/9 or less, so as to prevent wrong decimal places from being entered;
2. Continuous trading period:
The bid (sales) price should generally not be lower (higher) than the 24 price points of the bid (sales) price at that time; Note: According to the quotation (that is, the latest transaction price), if the securities are traded during the continuous trading period or before the end of the transaction, the quotation is generally the last recorded transaction price. Price refers to the minimum price change unit allowed by the stock exchange.
1 Hong Kong Stock Connect can only use enhanced limit orders during continuous trading. Combined with "price declaration limit during continuous trading" and "enhancing limit orders entrustment requirements", the conclusion is as follows:
Purchase price: the purchase price is not less than 24, and the selling price is not more than 9;
Selling price: the buying price is not less than 9, and the selling price is not more than 24.
2. The price input range of the enhanced limit order is:
Buy: (1-24*0.0 1)=0.76_ enhanced limit buy _1.10;
Sell: 0.9 1_ enhanced price limit sell _ (1.01+24 * 0.01) =1.25.
Three. Closing auction trading time:
The entered bidding period is 5% of the reference price (that is, the closing price of the continuous trading period), and the irrevocable period and the random closing period are between the lowest selling price and the highest buying price.
Buying Hong Kong stocks through the Hong Kong Stock Connect does not mean buying all the shares of the Hong Kong Stock Exchange. You can only buy Hong Kong stocks within the scope of Hong Kong Stock Connect. If you plan to buy Hong Kong stocks outside the scope of Hong Kong Stock Connect, you need a Hong Kong stock account.