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[Shortened Settlement Cycle on US market] As per announcement from the U.S. Securities and Exchange Commission, the settlement cycle will change to T+1 (current T+2) starting from trade date on 28 May. More>> |
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[Birthday of the Buddha] [HK Market] will close on 15 May(Wed)[Northbound Trading] will close on 15 May(Wed) |
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[US Sec Fee adjustment] In response to the U.S. Securities and Exchange Commission's notice of adjustments to transaction fees ("SEC Fees"), 2024, this new rate will take effect for transaction on Wednesday, May 22, from 0.0008% to 0.00278% for seller only.More... |
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Hong Kong
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Major Markets: Hong Kong
The Stock Exchange of Hong Kong commenced trading in 1986 after the unification of the four exchanges.
The Hong Kong Exchanges and Clearing Limited (HKEx) engages in listing and trading activities via the Stock Exchange of Hong Kong Limited (SEHK), which, in turn, operates the main board and the Growth Enterprise Market. SEHK deals in a variety of investment instruments ranging from equity securities to exchange traded funds to derivative warrants, callable bull/bear contracts, real estate investment trusts and debt securities.
On July 25, 2016, HKEx added the Closing Auction Session(CAS) as its second bidding period. During this brief additional session of 8 to 10 minutes, market participants such as index-tracking fund managers may execute buy and sell orders at a "closing price" following a bidding process.
CAS determines a certain price point based on the greatest demand. Upon receiving buy or sell orders from market participants, SEHK's trading mechanism analyzes the orders according to their buy or sell nature, their price points and the time they are are placed to run a matching process. The price point commanding the highest trading volume will become the closing price.
HKEX Trading Sessions
Trading is conducted Monday through Friday (excluding public holidays) at the following times:
| Full Day Trading | Half Day Trading | ||
|---|---|---|---|
| Auction Session | Pre-opening Session | 9:00 am – 9:30 am | |
| Continuous Trading Session | Morning Session | 9:30 am – 12 noon | |
| Extended Morning Session | 12:00 noon – 1:00 pm | Not applicable | |
| Afternoon Session | 1:00 pm – 4:00 pm | Not applicable | |
| Closing Auction Session | Closing Auction Session | 4:00 pm to a random closing between 4:08 pm and 4:10 pm | 12:00 noon to a random closing between 12:08 pm and 12:10 pm |
NB: There is no Extended Morning Session and Afternoon Session on the eves of Christmas, New Year and Lunar New Year. There will be no Extended Morning Session if there is no Morning Session.
