What does the Hong Kong stock delivery day mean?
The delivery date of Hong Kong stocks refers to the performance of the contract within the pre-agreed time according to the results of securities liquidation after the buyers and sellers reach a deal in the process of Hong Kong stock trading. The buyer needs to pay a certain amount of money to obtain the purchased securities, and the seller needs to pay a certain amount of securities to obtain the corresponding price.
In the Hong Kong market, the stock trading system of HKEx is T+0, and the settlement and delivery system is t+2. It means that investors can sell Hong Kong stocks on the day they buy them, and they still enjoy the rights and interests of the securities before the settlement on T+2 day is completed. However, the Hong Kong Stock Connect stocks bought by investors can be sold on T day and T+ 1 day before delivery. As the Hong Kong market implements the T+2 settlement and delivery system, investors who buy Hong Kong Stock Connect shares on T day can only obtain the rights and interests of related securities after T+2 day.