What is Shenzhen-Hong Kong Stock Connect?
Similar to Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect is a stock trading link between Shenzhen and Hong Kong.
The link gives investors outside Mainland China another trading channel to the world's largest emerging market, allowing investors to trade over 700 stocks on the Shenzhen Stock Exchange. Mainland Chinese brokers will also gain access to transactions in 475 stocks in Hong Kong.
What Makes this Investment Opportunity Exciting?
- Shenzhen's stock exchange has 2,209 listed companies, more than the 1,583 listings in Shanghai1
- Gain access to one of China's hottest sectors: tech stocks - nearly a fifth of Shenzhen’s stock market is tech companies, a much bigger proportion than in Shanghai, where tech stocks make up just 4% of the market2
- Shenzhen's stock exchange has been among the busiest worldwide this year, eclipsing even the NASDAQ and Bats Global Markets in the U.S. as the second most active market during several months of 20163
- Shenzhen's stock exchange offers ample liquidity - the value of share trading was USD957 billion during January 2020, which is about 1.5 times that of Shanghai's stock exchange at USD634 billion4
Sources: 1World Federation of Exchanges, as of January 2020, 2Wall Street Journal, 3Wall Street Journal, 4World Federation of Exchanges, as of January 2020
What are the Eligible Securities?
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Index Constituent Stocks
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SZSE Component Index
SZSE Small/Mid Cap Innovation Index
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A+H
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SZSE-SEHK A+H
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Excluding
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Shares under risk alert
Shares that are not traded in RMB
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| Total No. of Stocks* |
More than 800 |
| Market Capitalisation (MC)* |
RMB15 trillion |
| Average Daily Turnover (ADT)* |
RMB230 billion |
*No. of stocks as of 29 November 2016; MC & ADT as at end July 2016
Click here for the full list of eligible securities.
Only professional institutional investors are permitted to trade ChiNext shares.
Trading Hours and Calendar
Trading Hours
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Day
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Time (Singapore/China)
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Trading Session
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Monday - Friday
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0915H - 0925H
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Opening Call Auction
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0930H – 1130H
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Continuous Auction (Morning)
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1300H – 1457H
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Continuous Auction (Afternoon)
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1457H - 1500H
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Closing Call Auction
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Please also take note of the following:
0920H – 0925H: SSE/SZSE will not accept order cancellation.
1457H – 1500H: SZSE will not accept order cancellation.
0910H – 0915H; 0925H – 0930H; 1255H – 13:00 p.m.: Orders and order cancellations can be accepted by HKEX but will not be processed by SSE/SZSE until SSE’s and SZSE's market open.
Orders that are not executed during the opening call auction session will automatically enter the continuous auction session.
Trading Calendar
Investors are only allowed to trade on days where both markets are open for trading and banking services are available in both markets on the corresponding settlement days.
Please click here to view the most updated Trading Calendar and Trading Hours.
Brokerage Rates and Market Fees
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Offline Trades
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Brokerage Rate
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0.30%
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Minimum
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RMB80
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Click here and refer to page 34 - section 7 (Fees and Levies) of the HKEx Information Book for information on applicable market fees.
