There is no limit to the ups and downs of Hong Kong stock trading. On the day when stocks can be sold, perhaps many people will think that the Hong Kong stock market is relatively easy to mix. In fact, there are still many invisible risks in the Hong Kong stock market. First, there is a gap in trading days between Shanghai and Hong Kong. Simply put, only the trading days in Shanghai and Hong Kong are trading days, and the trading days that can meet the settlement arrangements can be regarded as the normal trading days of Shanghai-Hong Kong Stock Connect. Christmas Eve, New Year's Eve or New Year's Day are the normal trading hours of Shanghai-Hong Kong Stock Connect, with only half-day trading and non-settlement days.

Mainland investors may face some risks because there are huge differences in trading rules between Hong Kong and the A-share market. ：

Before investing in Hong Kong stocks, investors need to make the following preparations:

1, market linkage risk. Different from the relatively closed A-share market, the correlation between foreign capital flow and stock price is particularly obvious in the Hong Kong market where foreign exchange funds flow freely. One of the biggest risks for investors to buy stocks in Shanghai is that the changes in global macroeconomic and monetary policies are more systematic than those in stocks.

2. Risk of stock price fluctuation. As the Hong Kong stock market has realized the T+0 trading mechanism, the ups and downs are unrestricted, which looks good. However, under the influence of stock price fluctuation in Hong Kong stock market, unexpected events are more volatile than stocks, and the risk of investors' positions increases accordingly.

3. Transaction cost risk. Before mainland investors buy stocks through Shanghai-Hong Kong Stock Connect, I suggest you know about the tax situation there first, so as to avoid increasing transaction costs due to frequent transactions.

4. Stock liquidity risk. Some small and medium-sized Hong Kong stocks have relatively small trading volume and insufficient liquidity. If investors hold a large number of such stocks, the lack of counterparties may lead to a small amount of selling, which may lead to a sharp drop in the stock price.

trading hour

The trading hours of the stock market (Monday to Friday) are as follows: the trading hours of HKEx have been adjusted several times, and the current trading hours are: pre-market trading hours: 9: 00 am to 9: 30 am, trading hours: 09: 30 am to12: 00 noon break:12: 00/. There is no afternoon trading on Christmas Eve, New Year's Eve or Lunar New Year's Eve.

Hong Kong Exchanges and Clearing Limited has implemented the closing bidding trading session on Monday, May 26th, 2008; The closing time of the normal trading day of the securities market is extended 10 minutes to 16: 10. At the same time, the closing time of stock index futures and options contracts was extended from 16: 15 to 16:30 (except the last trading day of each month).

As for the half-day market (for example, 65438+February 24th, 65438+February 3rd1or the day before the first day of the first lunar month), the trading time of the securities market is extended from 12: 30 to 12: 40, and the closing time of stock index futures and options contracts is also changed from/kloc-0.