Shanghai and Shenzhen:

Every Monday to Friday at 9:30 am and at 13:00 pm. 9: 00 am15 ~ 9: 25 am call auction time, in which the order can be cancelled at 9: 00 am15-9: 20 am, and the order cannot be cancelled at 9: 20-9: 25 am. The opening price is the highest price that can be clinched at 9: 25 am.

The stock market is closed on weekends and national holidays such as Spring Festival and National Day. The market closes at 3 o'clock every day from Monday to Friday, except holidays.

Port city:

9: 30 am to 10 before the market opens.

Morning market 10 am to 12: 30 pm.

The morning market will continue from 12: 30 noon to 2: 30 pm.

2.30-4 p.m.

Closed days: Trading is not allowed on Saturdays, Sundays and closed days announced by Shanghai Stock Exchange. The market is closed on National Day. In case of force majeure such as natural disasters, only the State Council has the right to adjust the trading hours accordingly.

Stock trading mode

The method and form of transferring stocks for trading is called trading mode, which is the basic link of stock circulation trading. There are many trading methods in the modern stock circulation market, which can be divided into the following three categories from different angles:

(1) bargaining and bidding

From the difference in the price determined by buyers and sellers, it can be divided into bargaining and bidding. Bargaining is a one-on-one interview between buyers and sellers, and a business transaction is reached through bargaining. It is a common way in over-the-counter trading. Generally, it is used when the stock cannot be listed, the trading volume is small, it needs to be kept secret or in order to save commission.

Bidding refers to the fact that both buyers and sellers are groups composed of several people, and both sides openly conduct two-way competitive transactions, that is, there is not only competition between buyers and sellers, but also fierce competition within buyers and sellers, and finally the highest bidder and the lowest bidder conduct transactions. In this kind of competition, the buyer can choose the seller freely, and the seller can also choose the buyer freely, which makes the transaction fairer and the price more reasonable. Bidding is the main way for stock exchange to buy and sell stocks.

(2) Direct transactions and indirect transactions

According to the different ways of reaching a transaction, it can be divided into direct transaction and indirect transaction. Direct trading is direct negotiation between buyers and sellers, and stocks are also cleared and delivered by buyers and sellers themselves. There is no intermediary involved in the whole trading process. Most over-the-counter transactions are direct transactions. Indirect trading is a trading method in which buyers and sellers do not meet directly, but entrust an intermediary to buy and sell stocks. The broker system of the stock exchange is a typical indirect transaction.

(3) Spot trading and futures trading

According to the different delivery periods, it can be divided into spot trading and futures trading. Spot trading refers to the settlement procedures immediately after the stock transaction is completed, and the currency and goods are liquidated on the spot. Futures trading is a kind of trading method to settle the stock after a certain period of time according to the price and quantity stipulated in the contract.