Market Introduction
Hong Kong Exchanges and Clearing Limited (HKEx) is the market operator of the securities trading and clearing systems. It consists of a Main Board and the Growth Enterprise Market (GEM) board for stock trading. In addition to stocks, HKEx's cash market also provides the trading for derivative warrants, exchange-traded funds (ETFs), real estate investment trusts (REITs), equity-linked investments, callable bull/bear contracts (CBBCs) and debt securities.
Order Placing Method
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Settlement date of stock
The settlement will be process at 2 days after the trading day (T+2).
Trading Hour
Trading is conducted on Monday to Friday (excluding public holidays) at the following times:
There is no Extended Morning Session and Afternoon Session on the eves of Christmas, New Year and Lunar New Year. There will be no Extended Morning Session if there is no Morning Session.
| Auction Session | |
|---|---|
| Pre-opening Session | 9:00 a.m. to 9:30 a.m. |
| Continuous Trading Session | |
| Morning Session | 9:30 a.m. to 12:00 noon |
| Extended Morning Session | 12:00 noon to 1:00 p.m. |
| Afternoon Session | 1:00 p.m. to 4:00 p.m. |
There is no Extended Morning Session and Afternoon Session on the eves of Christmas, New Year and Lunar New Year. There will be no Extended Morning Session if there is no Morning Session.
POS trading hour：
| Period | Trading Time | Order Instruction |
|---|---|---|
| Order Input Period | 09:00-09:15 | Allow input, amendment or cancel |
| No Cancellation Period | 09:15-09:20 | Allow input, no amendment or cancel |
| Random Matching Period | 09:20-09:22 | Allow input, no amendment or cancel |
| Blocking Period | 09:22-09:30 | No input, amendment or cancel |
CAS trading hour：
| Period | Full Day Trading | Half Day Trading | Order Instruction |
|---|---|---|---|
| Reference Price Fixing Period | 16:00-16:01 | 12:00-12:01 | No input, amendment or cancel |
| Order Input Period | 16:01-16:06 | 12:01-12:06 | Allow input, amendment or cancel |
| No Cancellation Period | 16:06-16:08 | 12:06-12:08 | Allow input, no amendment or cancel |
| Random Closing Period | 16:08-16:10 | 12:08-12:10 | Allow input, no amendment or cancel |
Holiday schedule
Securities Market is closed on Saturdays, Sundays and Public Holidays as specified below website:
https://www.hkex.com.hk/news/hkex-calendar?sc_lang=en
For details, please visit HKEx website as following:
https://www.hkex.com.hk/?sc_lang=en
https://www.hkex.com.hk/news/hkex-calendar?sc_lang=en
For details, please visit HKEx website as following:
https://www.hkex.com.hk/?sc_lang=en
