In 2022, 65438+1October 1 -3 will have a three-day holiday on New Year's Day. Stock market closing time: 1 to 3.
During the Spring Festival, there will be a holiday from 1 to 3 1 to February 6 for 7 days. 65438+1go to work on Saturday, October 29th, and 65438+1go to work on Sunday, October 30th. The stock market will be closed from February 3rd to 6th.
Tomb-Sweeping Day, April 3-5 holiday, a total of 3 days, April 2 (Saturday) to work. Stock market closing time: 3rd to 5th.
Labor Day, from April 30th to May 4th, lasts for 5 days. I will work on Sunday, April 24th and Saturday, May 7th. Stock market closing time: May 30th to 4th.
Dragon Boat Festival, a holiday from June 3 to 5, lasts for 3 days. Mid-Autumn Festival, from September 10 to 12, lasting for 3 days. Stock market closing time: 3rd to 5th.
National Day, 65438+1October 1 -7 days off, a total of 7 days, 65438+1October 8 (Saturday), 65438+1October 9 (Sunday) to work. Stock market closing time: 1 to 7. Extended information:
First, the trading system AMS/3
With the expansion of the stock market and the internationalization of the exchange in the future, the Hong Kong Stock Exchange launched the third generation automatic matching trading system (AMS/3) on June 5438+ 10, 2000. AMS/3 connects investors, exchange participants, other participants and the central market, making the trading process more efficient.
Two. Exchange trading rules
Securities trading in an exchange shall comply with the relevant provisions of the rules of the exchange. The more important rules are as follows:
(1) price
The securities traded in each exchange are traded at the specified "price", which represents the minimum range of price rise and fall and is related to the price range where the securities are located. The exchange price list stipulates that the stock price ranges from 0.0 1 HK$ to 0.25 (the price is 0.00 1 HK$) to 1 000-HK$ 9,995 (the price is HK$ 2.50). When the price of a stock rises or falls to another price range, its price will also change.
(2) Opening quotation
The rules of the exchange stipulate that the "opening price" should be carried out according to procedures, so as to ensure the continuity of prices between two adjacent trading days and prevent the market from fluctuating violently when the market opens: the first buy or sell order entering the trading system on each trading day is regulated by the opening price rules. The price of the first order cannot exceed the closing price of the previous day by four price points.
Three. Settlement and settlement
The settlement and delivery procedures of HKEx products are handled by HKEx, Option Clearing Company and Futures Clearing Company respectively. Among them, the Hong Kong Clearing House is responsible for the settlement and delivery of qualified securities traded on the main board of the Stock Exchange and the Growth Enterprise Market.
(1) continuous net settlement system
Hong Kong adopts a continuous netting system. Under the continuous net settlement system, the trading of securities by each CCASS participant to other CCASS participants will be offset by rolling, and the net purchase or net sale of the remaining shares will be the settlement standard.
(2) T+2 settlement system
Exchange participants must complete the settlement with the central settlement system before 3: 45 pm on the second trading day after each trading day (T day), which is generally called the "T+2" daily settlement system (that is, the transaction/trading day plus two trading days for settlement).
Limit order: the highest or lowest price that restricts investors' trading. When investors buy securities, they must make it clear to the employees of securities companies that they are willing to buy securities at the highest purchase price. When investors want to sell securities, they should indicate the lowest selling price to the securities company. A securities company can only sell securities for him if the stock price is equal to or higher than the minimum selling price. However, when placing a limit order, the customer needs to clearly indicate the validity period. On the day of placing an order, if it is not executed at the closing time, the limit order will be automatically cancelled, which is called "today's order". If the customer chooses "no order", the broker will list for the customer every day until the transaction is made at the instruction price.