Hong Kong stocks are DUT+0 transactions, and Zhike can buy and sell at will in one day, but the capital is T+2. This means that the money will arrive 2 days after the sale. Of course, if there is enough cash in the account, there is no limit to the number of times you can buy and sell in a day. This is to prevent malicious transactions from earning the difference in one day.
Stock trading hours
The business hours of China stock market are from Monday to Friday, from 9: 30am to11:30am and from13: 00pm to15: 00pm. It's the same all over China, depending on Beijing time.
Every morning from 9: 0015 to 9: 25 is call auction time. The so-called bidding auction means that the stock price can be input according to the closing price of the previous day and the forecast of the stock market on that day when there is no transaction price on that day.
During this period, the prices of all input computers are equal. At the end of the year, the stock price is set according to the principle of maximum volume. This price is the price in call auction. This process is called call auction.
Extended data:
Trading rules
1, trading system AMS/3
With the expansion of the securities market and the need of the internationalization of the future exchanges, the Hong Kong Stock Exchange launched the third generation automatic matching and closing system (AMS/3) in June 2000. AMS/3 connects investors, exchange participants, other participants and the central market, making the trading process more efficient.
2. 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:
price
Every security traded on an exchange is traded at a specific "price", which represents the minimum range of price increase or decrease and is related to the price range of the securities. The exchange price list stipulates that the stock price ranges from 0.0 1-0.25 Hong Kong dollars (the price is 0.00 1 Hong Kong dollars) to 1000-9995 Hong Kong dollars (the price is 2.50 Hong Kong dollars).
When the price of a stock rises or falls to another price range, its price will also change.
opening quotation
The rules of the exchange stipulate that the "opening price" should be carried out according to procedures 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 previous day's closing price by 4 prices.
3. Settlement and delivery
The settlement and delivery procedures of various products of HKEx are handled by Hong Kong Clearing House, Option Clearing Company and Futures Clearing Company respectively. Among them, the Hong Kong Clearing House is responsible for the settlement and settlement of qualified securities traded on the main board of the Stock Exchange and the Growth Enterprise Market.
Continuous net settlement system
Hong Kong adopts a continuous netting system. Under the continuous net settlement system, the securities purchased or sold by each CCASS participant from other CCASS participants will be offset by rolling, and the remaining net purchase or net sale share will be used as the settlement standard.
T+2 settlement system
Transactions matched or declared by exchange participants through the automatic matching system must be settled 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 trading/buying day plus two trading days).
References:
Baidu encyclopedia-hong kong stocks