Uob kay hian stock trading

Uob kay hian stock trading

Posted: Andrey Date: 20.06.2017

Shanghai-Hong Kong Stock Connect is a securities trading and clearing links programme to be developed by Hong Kong Exchanges and Clearing Limited HKExShanghai Stock Exchange SSE and China Securities Depository and Clearing Corporation Limited ChinaClearaiming to achieve a breakthrough in mutual market access between the Mainland and Hong Kong.

For more details, please visit the HKEx website or The Page of Shanghai - Hong Kong Stock Connect. SSE Securities for trading by Hong Kong and overseas investors, i. The eligible securities include all the constituent stocks from time to time of the SSE Index and SSE Index, and all the SSE-listed A shares that are not included as constituent stocks of the relevant indices but which have corresponding H shares listed on SEHK, except the following: Click here for full list of the available SSE securities.

In what situation may the SSE be restricted from further buying But available for selling? Investors will only be allowed to sell an SSE Security but restricted from further buying if: Investors can continue to buy and sell the SSE Security which are not suspended from trading on SSE. Trading under Shanghai-Hong Kong Stock Connect will, initially, be subject to a maximum cross-boundary investment quota i.

The Northbound Aggregate Quota is set at RMB billion. The Southbound Aggregate Quota is set at RMB billion. The Northbound Daily Quota is set at RMB 13 billion, and the Southbound Daily Quota is set at RMB The Aggregate Quota caps the absolute amount of fund inflow into Mainland under Northbound and the absolute amount of fund outflow from the Mainland under Southbound. At the end of each trading day, SEHK will calculate the remaining balance of the Northbound Aggregate Quota: However, investors can continue to sell SSE Securities.

SEHK will re-open Northbound buying once the Aggregate Quota balance returns to the Daily Quota level or above. The Daily Quota limits the maximum net buy value of cross-boundary trades under Shanghai-Hong Kong Stock Connect each day.

SEHK monitors the usage of the Northbound Daily Quota on a real time basis. The Northbound Daily Quota Balance will be updated on HKEx website every minute: If the Northbound Daily Quota Balance drops to zero during a continuous auction session, no further buy orders will be accepted for the remainder of the day.

Can investors participating in Shanghai-Hong Kong Stock Connect participate in the initial public offerings IPO in the other market? It is currently contemplated that Shanghai-Hong Kong Stock Connect will not support initial public offering.

However, SEHK will accept Northbound orders from EPs five minutes before the Mainland market session opens in the morning and in the afternoon.

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SSE will not accept order cancellation. Hong Kong and overseas investors will trade and settle SSE Securities in RMB only. Mainland investors will trade SEHK Securities quoted in HKD only and settle the trades with ChinaClear or its clearing participants in RMB.

Investors need to have RMB balance in their accounts on Trade day.

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What kind of order s can investors enter when trading SSE Securities under Shanghai-Hong Kong Stock Connect? Only limit orders SSE limit orders can be matched at the specified or better price will be accepted for SSE Securities throughout the day. The orders cannot be amended. EPs who wish to amend their orders must cancel the original orders first and then input new orders. Subject to conditions, margin trading in SSE Securities may be conducted. A List of Eligible SSE Securities for Margin Trading, the scope of which will be determined by SSE from time to time, will be posted on the HKEx website for reference by the investing public.

Only those SSE Securities which are eligible for both buy orders and sell orders through the Shanghai-Hong Kong Stock Connect will be included in the List.

According to the relevant rules of SSE, SSE may suspend margin trading activities in specific A shares when the volume of margin trading activities in such A shares exceeds the threshold determined by SSE and resume margin trading activities when the volume drops below a prescribed threshold. When SEHK is notified by SSE that such suspension and resumption involves an SSE Security on the List of Eligible SSE Securities for Margin Trading, EPs and investors will be informed through the HKEx website.

Are Stock Borrowing and Lending SBLShort Selling allowed for SSE Securities? SBL of SSE Securities will be allowed in the following situations: Further details on the requirements relating to SBL will be published in due course.

Covered short selling of SSE Securities through Northbound trading will be allowed subject to a number of requirements set by SSE. However, implementation of some of the requirements described above needs system support. Therefore, covered short selling of SSE Securities will unlikely be available at the initial launch of Shanghai-Hong Kong Stock Connect.

SEHK will keep the market informed of developments and proposed timing of implementation. SBL in SSE Securities will be subject to restrictions set by SSE to be incorporated into the Rules of SEHK. Short selling of SSE Securities which are eligible for both buy orders and sell orders through Northbound trading will be allowed subject to a number of requirements set by SSE.

These include requirements on: Further details on the above will be published in due course.

Implementation of some of the requirements described above needs system support. SEHK will keep the market informed of developments and the proposed timing of implementation. Under what situation that investor will only be allowed to sell an SSE Security but restricted from further buying?

All SSE Securities are subject to the same trading board lot size, which is shares buy orders must be in board lot. Odd lot trading is only available for sell orders and all stock market crash 20s lots should be sold in one single order.

It is common that a board lot buy order may be matched with different odd lot sell orders, resulting in odd lot trades. It should be noted that unlike Hong Kong, board lot and odd lot orders are both matched on the same platform on SSE, and subject to uob kay hian stock trading same share price.

The maximum order size is 1 million shares and the tick size is uniformly set at RMB 0. 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. In the initial stage of operation tradewinds cove birkenstocks Shanghai-Hong Kong Stock Connect, investors will only be allowed to trade on the other market on days where both markets are open for trading, and banking services are available in both markets on the corresponding settlement days.

This arrangement is essential in ensuring that investors and brokers will have the necessary banking support on the relevant settlement days when they will be required to make payments. The following table illustrates the holiday arrangement of Northbound trading of SSE Securities.

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In the initial stage, Northbound trading arrangement under severe weather conditions will be as follows: How much does it cost to trade and settle SSE Securities under Shanghai-Hong Kong Stock Connect?

Investors should note that certain existing CCASS fees still apply, including stock settlement fee for settlement instructions and money settlement fee. Details of the new CCASS Fee will be announced later. Besides, taxes imposed by the State Administration of Taxation SATincluding stamp duty and dividend short sale stock tax implications will also be applied to the Northbound trades and SSE Securities acquired through Shanghai-Hong Kong Stock Connect.

Any additional tax imposed by the SAT, if dilutive effects of stock options, will be subject to further clarification with the SAT.

Dividend tax will be withheld by issuer and ChinaClear upon dividend payment. The New CCASS Fee, if implemented, will be collected in HKD on a monthly basis.

Online Stock Trading Singapore | UOB Kay Hian

UOB Kay Hian provides you a list of Stock portfolio tracker excel A shares margin trading service.

Filling in the form just takes 3 steps in 6 minutes. Click here to download the form and learn more. UOB Kay Hian is among the first batch of brokers to provide the Shanghai-Hong Kong Stock Connect trading service Under Shanghai-Hong Kong Stock Connectthe Stock Exchange of Hong Kong Limited SEHK and Shanghai Stock Exchange SSE will establish mutual order-routing connectivity and related technical infrastructure to enable investors from respective markets to directly access the other market.

In view of this, you will enjoy the following:. The investment opportunity of Shanghai-Hong Kong Stocks Connect: How to pick stocks based on fundamental and technical reasons?

Hannah Li, CFA, CAIA Hong Kong stocks underperformed recently as China economic data for August were weaker than expected, while Premier Li Keqiang reiterated on prudent monetary policy, indicating no more large scale easing. Stepping into October, there are Shanghai-Hong Kong Stocks Connect and the Fourth Plenary Session, could Hong Kong stocks reverse its downtrend and bounce back?

Also, focus stocks will be picked based on fundamental and technical reasons. What is Shanghai-Hong Kong Stock Connect? Efficiency HKEx subsidiaries are responsible for trading, clearing and settlement All fund transfers are in Hong Kong Participate in growth of the most exciting emerging economy — China Diversify investment portfolio with shares from China market Programme covers a wide range of SSE A shares New opportunities to invest with RMB Trading and settlement in RMB For more details, please visit the HKEx website or The Page of Shanghai - Hong Kong Stock Connect.

What can we trade under Shanghai-Hong Kong Stock Connect? Click here for full list of the available SSE securities In what situation may the SSE be restricted from further buying But available for selling?

Is there a quota? How does the Aggregate Quota work? How does the Daily Quota work? SSE Trading Session SSE Trading Hours Time for EPs to input Northbound orders Opening Call Auction Do I need to exchange RMB in order to trade SSE securities? Can investor do day trading on SSE Securities? Day trading is not allowed for Mainland A shares market. Is margin trading allowed for SSE Securities? Is short selling of SSE Securities allowed through Northbound trading?

Does SSE price limit apply under Shanghai-Hong Kong Stock Connect? What is the holiday arrangement? Not Open T8 issued between Not Open Trading terminates after Pre-opening Session T8 issued after SSE market opens i. Trading will continue for 15 minutes. After 15 minutes, only order cancellation is allowed until SSE market is closed. Trading will be terminated in 15 minutes. Black rainstorm issued after HK market opens i.

Levies How much does it cost to trade and settle SSE Securities under Shanghai-Hong Kong Stock Connect? Fees and taxes related to Northbound trades under Shanghai-Hong Kong Stock Connect as follows: Items Rate Charged by Handling Fee 0. UOB Personal Banking Homepage UOB Personal Internet Banking UOB Business Internet Banking UOB HK Banking Homepage.

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uob kay hian stock trading

Margin facilities with attractive interest rates for numerous A-shares and Hong Kong stocks. A series of investment seminars covering the latest analysis of the two markets.

HK market closes on money settlement day. HK market closes on trading day. A new fee for providing depository and nominee services to CPs for SSE Securities.

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