Hong Kong stock trading rules and costs:

Hong Kong stock trading rules: Hong Kong stock trading hours are from Monday to Friday, and the morning market is from 1: to 12: 3; At noon, from 14: 3 to 16: , the opening and closing of stock futures trading were 15 minutes earlier and later respectively. It should be noted that, except Saturday and Sunday, public holidays in Hong Kong are different from those in the Mainland, which also results in different closing times of the two places. In addition, the exchange will be temporarily closed in bad weather, such as when typhoon signal No.8 is hoisted at the Observatory during the typhoon season.

every trading day, the first buying or selling order entered into the trading system is regulated by a set of opening quotation rules. The opening quotation made during the pre-opening period shall not deviate from the closing price of the previous day (if any) by 9 times or more. During the continuous trading period, if the first open order is a buying order, its price must be higher than or equal to the price of 24 prices below the closing price of the previous day; If the first order is a sell order, its price must be lower than or equal to the price of 24 prices above the closing price of the previous day. For details of the opening quotation rules, please refer to Article 53 of the Rules of the Exchange. As for the details of bid-ask quotations other than the opening quotation rules, please refer to Articles 55 to 57A of the Rules of the Exchange.

Hong Kong stocks can be traded in T+ revolving transactions, that is, they can be traded on the same day with unlimited times. For stocks listed as short-selling stocks (such as large blue-chip stocks), you can sell them first and then buy them.

hong kong stocks are settled by t+2, and the actual settlement time is the second working day after the trading day (t+2); Before T+2, customers can't withdraw cash, physical stocks and transfer custody of purchased shares.

Hong Kong stocks have no policy restrictions on margin trading (called sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub-sub

transaction cost and other expenses: the transaction cost of Hong Kong stocks mainly includes brokerage commission (usually .25% for different brokers, but generally there is a minimum fee, such as 1 yuan dollars for each transaction), government fees (stamp duty, .1%), transaction levy (a small proportion), etc. At present, the comprehensive transaction cost is slightly lower than that of A shares, especially after the stamp duty is raised in the Mainland.

But unlike A-shares, Hong Kong stocks need to charge an account management fee regularly (usually HK$ 1 per year); There is no dividend tax on Hong Kong stocks, and cash dividends do not need to be deducted. However, when listed companies pay dividends, securities banks and banks with stock custody will also charge a small amount of handling fees in proportion. If the investor intends to hold the stock for a long time after buying it, he can also withdraw the physical stock to avoid the cost (the cash dividend will be directly mailed by the listed company to the Hong Kong address registered by the investor).