What are the trading rules and time of ETF funds?
ETF trading rules of Shanghai Stock Exchange:
1. When buying, selling, subscribing and redeeming the fund shares of exchange-traded funds whose underlying index is the Shanghai Stock Exchange Index or the cross-market index, the following provisions shall be observed, except as otherwise provided in these Detailed Rules:
The 1 fund share subscribed on the same day can be sold on the same day, but cannot be redeemed;
② The fund shares bought on the same day can be redeemed on the same day, but cannot be sold;
Securities redeemed on the same day can be sold on the same day, but cannot be used to purchase fund shares;
Securities bought on the same day can be used to buy fund shares on the same day, but they cannot be sold;
5. Other conditions stipulated by this Exchange.
Two. The following provisions shall be observed in the trading, subscription and redemption of fund shares of exchange-traded funds with cross-border indices:
The 1 fund shares subscribed on that day can only be sold and redeemed after settlement and delivery;
② The fund shares bought on the same day can be redeemed on the same day, but cannot be sold;
③ If the total amount of subscription and redemption on that day exceeds the limit set by the fund manager, the declaration of subscription and redemption exceeding the limit is invalid;
4. Other conditions stipulated by this Exchange.
Three. The following provisions shall be observed in the trading, subscription and redemption of fund shares of trading funds of commodity futures exchanges:
1 fund share bought on the same day can be sold or redeemed on the same day;
2. The fund shares purchased on the same day can only be sold or redeemed after the delivery is completed;
3. Other conditions stipulated by this Exchange.
4. The following provisions shall be observed when buying, selling, purchasing and redeeming the fund shares of exchange-traded funds that only contain bonds listed on the stock exchange:
1 fund share bought on the same day can be sold or redeemed on the same day;
2. Fund shares purchased with portfolio securities as consideration on the same day can be sold or redeemed on the same day;
(3) the fund shares purchased in cash on the same day can only be sold or redeemed after the delivery is completed;
4 bonds bought or redeemed on the same day can be used to purchase fund shares on the same day;
5. Other conditions stipulated by this Exchange.
5. Buying, selling, purchasing and redeeming the fund shares of exchange-traded funds that track the underlying index component securities, including the varieties traded in the inter-bank bond market, shall comply with the following provisions:
1 fund share bought on the same day can be sold on the same day;
2. The fund shares subscribed on the same day can only be sold or redeemed after the delivery is completed;
3. Other conditions stipulated by this Exchange.
ETF trading rules of Shenzhen Stock Exchange:
1. Investors shall abide by the following provisions when trading in a single market and applying for redemption of stock ETFs:
The 1 ETF shares bought by bidding on the same day can be redeemed on the same day; ETF shares bought in bulk on the same day can be redeemed on the next trading day;
② ETF shares purchased on the same day can be sold by auction on the same day, and can be redeemed or sold in batches on the next trading day;
(3) The stocks redeemed on the same day can be sold by auction on the same day, and the next trading day can be used to purchase ETF shares or sell in batches;
4. The stocks bought by bidding on the same day can be used to purchase ETF shares on the same day; Stocks bought in bulk on the same day can be used to buy ETF shares on the next trading day.
Two. Investors shall abide by the following provisions when trading and applying for redemption of single-market bond ETFs with portfolio securities as the consideration:
The 1 ETF shares bought by bidding on the same day can be redeemed on the same day; ETF shares bought in bulk on the same day can be redeemed on the next trading day;
② ETF shares purchased on the same day can be redeemed or sold by bidding on the same day, and can be sold in batches on the next trading day;
(3) The bonds redeemed on the same day can be used to purchase ETF shares on the same day, bid for sale or declare as pledge bonds, and can be sold in batches on the next trading day;
4. Bonds obtained by bidding or pledge cancellation on the same day can be used to purchase ETF shares on the same day; Bonds bought in bulk on the same day can be used to buy ETF shares on the next trading day.
3. When investors trade and apply for redemption with portfolio securities as consideration, when the tracked index component securities include cross-market bond ETFs traded in the inter-bank bond market, they shall abide by the following provisions:
1 ETF shares bought on the same day can be redeemed on the next trading day;
2 ETF shares subscribed on the same day shall not be sold or redeemed before delivery.
4. Investors shall abide by the following provisions when trading single-market bond ETFs, cross-market bond ETFs, gold ETFs, commodity futures ETFs or cross-border ETFs and applying for cash redemption:
The 1 ETF shares bought by bidding on the same day can be redeemed on the same day; ETF shares bought in bulk on the same day can be redeemed on the next trading day;
2 ETF shares subscribed on the same day shall not be sold or redeemed before delivery.
The tracked index component securities include cross-market bond ETFs traded in the inter-bank bond market, which are not applicable to cash subscription and redemption.
5. Investors shall abide by the following provisions when trading and applying for redemption of cross-market stock ETFs:
The 1 ETF shares bought by bidding on the same day can be redeemed on the same day; ETF shares bought in bulk on the same day can be redeemed on the next trading day;
② ETF shares subscribed by the Exchange on the same day can be sold by auction on the same day, and can be redeemed or sold in batches on the next trading day;
3. The stocks redeemed by this Exchange on the same day can be sold by bidding on the same day, and can be used to purchase ETF shares or sell in batches on the next trading day;
4. The stocks bought by bidding on the same day can be used to purchase ETF shares on the same day; Stocks bought in bulk on the same day can be used to purchase ETF shares on the next trading day;
5 ETF shares subscribed by the registration and clearing institution on the same day shall not be sold or redeemed before delivery.
6. Investors shall abide by the following provisions when trading and redeeming gold ETFs with the spot firm contract of Shanghai Gold Exchange as the consideration:
1 ETF shares bought on the same day can be redeemed on the next trading day;
2 ETF shares purchased on the same day can be redeemed or sold by bidding on the same day, and can be sold in batches on the next trading day.
Redemption of gold ETF based on the spot firm contract of Shanghai Gold Exchange is handled through Shanghai Gold Exchange.
7. Investors shall abide by the following provisions when trading and redeeming currency ETFs:
The 1 ETF shares bought by bidding on the same day can be redeemed on the same day; ETF shares bought in bulk on the same day can be redeemed on the next trading day;
2 ETF shares purchased on the same day can be redeemed or sold by bidding on the same day, and can be sold in batches on the next trading day.
ETF trading hours:
Etfs trade for the same time as stocks. The trading hours are from 9: 30am to11:30am and 6: 5438+0: 00pm to 3: 00pm on the trading day, where the trading day refers to Monday to Friday, which is an illegal holiday, and the trading price is the trading price of ETF in the secondary market.
When you open a stock account, you can invest in ETF funds. ETF funds are very similar to stocks. In the course of trading, you also need to pay a handling fee, which usually includes commission, subscription and redemption fees.