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Electronic trading system, provides HK Futures, Index Options & Global Futures trading service.
 


Online trading system, provides HK Stocks, US Stocks, Taiwan Stocks, China B-shares & Mutual Fund trading service.    Trading Demo
 


Mobile trading system, provides
HK Stock trading service.
 
   


Electronic trading system, provides HK Stock Option trading service.
 


Electronic trading system, provides HK Stock trading service and streaming quotes.
 


Mobile application of two-factor authentication for login and generate offline password.
 
 
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About Shanghai-Hong Kong Stock Connect
About Shenzhen-Hong Kong Stock Connect
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WebTrade Demo
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How do I place Shanghai A Shares order via WebTrade?

  1. Log into your KGI Trading Account.
  2. Select [Shanghai A] in [Securities Trading].
  3. Fill in details of your order request.
  4. Click [Preview] to double check your entries before you confirm.

Note:

  • You have to use the same Investor ID to trade Shanghai A Share.
  • Shanghai A Shares orders currently can be placed via WebTrade or through our 24-hour InvestLine at (852) 2878-5555.

See Trade Demo for an interactive guide to WebTrade.

What is the next step after I place an order?

Once you place an order, WebTrade will provide you a summary of your order and a reference number. The reference number is our confirmation that your existing has been accepted. Please DO NOT disconnect from WebTrade until you have received the reference number. After that, you can always check the status of your order by clicking “Securities Trading”“Order Status”.

See Trade Demo for an interactive guide to WebTrade.

Can I amend order for Shanghai A Shares?

Yes. Our system is installed with an amend order function, this function will automatically cancel your existing order and replace it by adding a new order. The amend function is a combination of the “add order” and “cancel order” function provided by the Shanghai Stock Exchange.

Please note if your order is partially executed and the outstanding quantity is not multiples of its board lot size, WebTrade would not accept the [Amend] action.

How do I amend/cancel my order?

You can amend/cancel the quantity and price of your orders if they have not yet been fully executed.

To amend/cancel your order, please click on the relevant [Amend]/[Cancel] link on the Order Status table under “WebTrade” “Securities Trading”, enter your changes in the appropriate boxes and click [Submit].

* Please note if your order is partially executed and the outstanding quantity is not multiples of its board lot size, WebTrade would not accept the [Amend] action.

See Trade Demo for an interactive guide to WebTrade.

Where can I check the daily quota balance of Shanghai Connect Northbound?

You can visit HKEx website to check the daily quota balance of Shanghai Connect Northbound.

What can I trade under Shanghai – Hong Kong Stock Connect?

You can trade certain stocks listed on the SSE market under Shanghai-Hong Kong Stock Connect. The full list of the eligible stocks is published on the HKEx website.

http://www.hkex.com.hk/eng/market/sec_tradinfra/chinaconnect/Eligiblestock.htm

What are the trading hours for trading Shanghai A Shares through Shanghai – Hong Kong Stock Connect?

The trading hours for the Shanghai Stock Exchange are:

Monday to Friday

SSE Trading Session Time(HKT) Time for Shanghai – Hong Kong Stock Connect orders
Opening Call Auction 09:15 - 09:25 09:10 - 11:30
Continuous Auction
(Morning)
09:30 -11:30
Continuous Auction
(Afternoon)
13:00 - 14:57 12:55 - 15:00
Closing Call Auction 14:57 - 15:00

What are the cut-off times on order entries for Shanghai A Shares?

To ensure the smooth processing of your order entries, please note the following schedule:

Order Type/Action Time (HKT) 09:10
-
09:15
09:15
-
09:20
09:20
-
09:25
09:25
-
09:30
09:30
-
11:30
11:30
-
12:55
12:55
-
13:00
13:00
-
14:57
14:57
-
15:00
15:00
-
16:40
16:40
-
09:10
New
*Amend
Cancel

: Orders received will be processed immediately
: Orders received will be processed in the next trading session
: Orders will be rejected

(1) 09:20 – 09:25 and 14:57 – 15:00: Order amendment and cancellation will not be accepted.
(2) (a) 09:10 – 09:15; (b) 09:25 – 09:30; (c) 12:55 – 13:00: New order, order amendment and order cancellation cannot be inputted and processed by SSE until market opens.
(3) Orders that are not executed during the opening call auction session will automatically enter into the continuous auction session.

* Please note if your order is partially executed and the outstanding quantity is not multiples of its board lot size, WebTrade would not accept the [Amend] action.

What is the settlement period for trading Shanghai A Shares?

The settlement cycle of Shanghai A Shares under Shanghai-Hong Kong Stock Connect through KGI Asia: Stock settlement on trade date ("T") and fund settlement before 10:00am on T + 1 day.

The settlement date of Shanghai A Shares under Shanghai-Hong Kong Stock Connect is a business day both in the Mainland and in Hong Kong.

What is the board lot size for trading Shanghai A Shares?

The board lot size of Shanghai A Shares is 100 shares.

Can I do day trading when trading on Shanghai A Shares?

Day trading of the same stock is not allowed. Stocks purchased on a trade day cannot be disposed of until the next trade day.

Are there any price limits when trading Shanghai A Shares under Shanghai – Hong Kong Stock Connect?

Daily price fluctuations in Shanghai A Shares are limited to within 10%* of the previous day's closing prices. All the trading orders breaking the price limit will be deemed invalid.

In order to ensure smooth operation of Shanghai-Hong Kong Stock Connect, the Exchange sets a lower price limit on buy orders of all Northbound trades (A Shares purchased by investors). Buy order for Northbound Trading Securities at a price below its current best bid price (and if no current best bid price is available, latest trade price is apply, and if it is also not available, previous closing price is apply) by a certain percentage will be rejected by the System. The price limit will be set at 3%.

* Subject to the changes of the regulatory requirements of the relevant China Stock Exchanges.

What is the settlement currency under Shanghai-Hong Kong Stock Connect?

The settlement currency of Shanghai-Hong Kong Stock Connect A Shares is RMB. Please refer to the following important notice of Foreign Currency Transactions.

For the purposes of carrying out the orders of a client of KGI Asia Limited (“KGI”) or exercising any of KGI’s rights under its client agreement with the client or under any account of the client, KGI may, at any time in its sole and absolute discretion and without any obligation, convert any amount in any currency in any account(s) of the client or standing to the credit of the client to any other currency. Exchange rate losses and the costs of conversion shall be borne by the Customer.

Will there be any disclosure obligations for Shanghai A Shares?

Under the current PRC rules, when an investor holds or controls up to 5% of the issued shares of a SSE-listed company, the investor is required to disclose the interest within three working days. Such investor may not buy or sell the shares in the listed issuer within the three-day period.

For such investor, every time when there is a change in the shareholding by 5%*, s/he is required to make a disclosure within three working days. The investor may not buy or sell the shares in the listed issuer from the day the disclosure obligation arises to two working days after the disclosure is made.

If a change in shareholding of the investor is less than 5% but results in the shares held or controlled to fall below 5% of the issues shares in the listed issuer, the investor is required to disclose the information within three working days.

* The 5% change means the actual magnitude of the net change of its shareholding as a percentage of the total issued share capital of the company (e.g. an increase from 10% to 15% or decrease from 10% to 5%).

What is the shareholding limits for foreign investors investing in Shanghai A Shares under Shanghai-Hong Kong Stock Connect?

The 10% individual shareholding limit of not equal or more than the issued capital of an issuer listed in SSE is applicable to any single foreign investor.

What is the holiday arrangement under 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:

  Mainland Hong Kong Open for Northbound
Day-1 Business Day Business Day Yes
Day-2 Business Day Business Day No HK Market closed on
fund settlement day
Day-3 Business Day Public Holiday No HK market is closed
on trading day
Day-4 Public Holiday Business Day No Mainland market is closed

For more details, please refer to: Trading calendar for Northbound Trading

What is the arrangement of Shanghai-Hong Kong Stock Connect trading under Typhoon signal No 8 or Black Rainstorm Signal?

When Typhoon signal No 8 or Black Rainstorm Signal is in effect in Hong Kong during SSE Market open hours, trading will continue for 15-minutes. After 15 minutes, only order cancellation is allowed (new order and amend order will be rejected). The market will continue to open until SSE Market is closed.

Is short selling of Shanghai A shares allowed under China Connect?

Yes. Rule 14A17(10) stipulates that if a client of a broker has borrowed shares for Short Selling and has not yet returned the borrowed shares to the Stock Lender, even when the client wants to place a long sale order, the long sale order may still be subject to the tick rule in Rule 14A17(9). The examples below illustrate how to determine the number of shares that are subject to the tick rule:

Example 1: A Client who owns 200K shares of a Short Selling Security borrows 1 million shares from a China Connect EP for Short Selling purposes and has short sold 700K shares. The Client has not yet returned borrowed shares to the China Connect EP. Subsequently, the Client wants to sell 200K shares that are owned by himself. In this case the sell order of 200K shares will still be subject to the tick rule requirement and the Client and the China Connect EP need to ensure that the price of the sell order is not violating the tick rule even though the sale is a long sale.

Example 2: Further to Example 1, assume the Client instead has short sold all the 1 million shares that he borrowed and has not yet returned any of the borrowed shares to the China Connect EP. If he subsequently wants to sell the 200K shares owned by himself, in this case the sell order of 200K shares will not be subject to the tick rule because the entire quantity of borrowed shares has already been short sold. This sale is also a long sale.

Can KGI client short sell Shanghai A Shares?

At the moment, KGI does not provide Short Selling of Shanghai A Shares service, but the client still needs to inform KGI investment representative whether the sell order is a Short Selling order.

What is SSE Circuit Breaker Mechanism?

SSE Circuit Breaker Mechanism are new trading rules introduced by Shanghai Stock Exchange, which will apply to northbound trading of A shares through SH-HK Stock Connect. The rules provide that during the continuous auction session, when the CSI 300 Index increases or decreases by 5% compared to its close on the previous trading day, the trading of A shares on SSE will be suspended for 15 minutes. A call auction will take place before the resumption of continuous auction session. If, during the continuous auction session, any increase or decrease of the CSI 300 Index on the same trading day reaches 7% compared to its close on the previous trading day, the trading of A shares on SSE will be suspended for the rest of the trading day.

Please refer to SSE Circuit Breaker Mechanism Frequently Asked Questions (Chinese only) for details regarding the application of the SSE Circuit Breaker Mechanism in other situations.