1. What is Shanghai-Hong Kong Stock Connect?
Shanghai-Hong
Kong Stock Connect is a joint
project between the Shanghai Stock Exchange (SSE) and The Stock Exchange of
Hong Kong Limited (SEHK). It allows investors to trade cross-border into
specific stocks listed in the other's market. It also allows overseas investors and
thus Phillip Securities clients to trade China 'A' shares in the SSE.
'A' shares that are
a.
Index constituents of the SSE 180 Index , SSE 380 Index or
b.
Dual-listed on both SSE and HKex
SSE 180 Index Constituents List download
SSE 380 index consists of the 380 stocks with Midcap, high growth and good earning records, which aims to comprehensively reflect the performance of the Shanghai new blue chip stocks.
SSE 380 Index Constituents List download
The shares must also be
denominated in RMB and not included in “Risk Alert Board”.
Investors will not be allowed to
buy the share, but will only be allowed to sell it in the event a stock
subsequently:
o Ceases to
be a constituent stock, or
o is added
to “Risk Alert Board”, or
o its 'H'
Share cease to trade on HKex;
1.
Can I participate in Initial Public Offerings
(IPOs) in SSE through Shanghai-Hong Kong Stock Connect?
No, IPOs are currently not
supported by the scheme.
No. Hong Kong and overseas
investors are not allowed to do naked short selling in China 'A' shares listed
in the SSE. They are not allowed to participate in the Mainland’s margin
trading and securities lending as well.
Yes. For SSE Securities, there is
a general price limit of a ±10% (and a ±5% for stocks under special treatment
(i.e. ST and *ST stocks) in the risk alert board) based on previous closing
price.
All orders input for SSE
Securities must be within the price limit. Any orders with price beyond the
price limit will be rejected by SSE. The upper and lower price limit will
remain the same intra-day.
Note: ST stocks refers to: stocks
that have been resumed from suspension for listing; or stocks that have been
relisted; or stocks that have suffered from other significant risks. *ST stocks
refers to stocks with the risks of being delisted.
Yes. Any investors holding or
controlling shares more than 5% from the same issuer must disclose his interest
within 3 working days. During which, the said investor cannot buy nor sell the
shares until the interest is made known.
Should Shanghai or Hong Kong
announce suspension of market due to severe weather (ie. Typhoon Signal above 8
and/or Black rainstorm), no trade will take place until an official
announcement for trading resumption. Please refer to Shanghai or Hong Kong Stock exchange for any announcements on market suspension on the
day.
No, as you can trade through us,
or simply call ARTeam now
Before you can trade any Oversea stock on poems please make sure you already acknowledge the Risk Warning Statement. RWS form is available under Poems 2> Account Mgmt> RWS
More FAQ please visit our Global market website
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