• Trading Hours
• Order Type
• Order Placing
• Order Confirmation

(A) Trading Hours

The Trading Hours of Hong Kong Stock Market is on Monday to Friday (excluding public holidays) at the following times:

There will be only half day trading on the eves of Christmas, New Year and Lunar New Year.

(B) Order Type

Only at-auction and at-auction limit orders are accepted during the Pre-opening Session. The order price inputted should not deviate 9 times or more from the previous closing price or the nominal price (as the case may be), if available.

• At-auction Order
  
  An at-auction order is an order with no specified price and is entered into the trading system for execution at the final Indicative Equilibrium Price (IEP). It enjoys a higher order matching priority than an at-auction limit order and will be matched in time priority at the final IEP.
  
  Any outstanding at-auction orders will be cancelled before the commencement of the Continuous Trading Session.
• At-auction Limit Order
  
  An at-auction limit order is an order with a specified price. An at-auction limit order with a specified price at or more competitive than the final IEP (in case of buying, the specified price is equal to or higher than the final IEP, or in case of selling, the specified price is equal to or lower than the final IEP) may be matched at the final IEP. An at-auction limit order will be matched in price and time priority at the final IEP. No at-auction limit order will be matched at a price worse than the final IEP.
  
  Any outstanding at-auction limit orders will be carried forward to the Continuous Trading Session and treated as limit orders provided that the specified price of that at-auction limit order does not deviate 9 times or more from the nominal price. Such orders will be put in the price queue of the input price.

Limit, enhanced limit and special limit orders are accepted during Continuous Trading Session as long as the order price inputted does not deviate 9 times or more from the nominal price, if available, and (ii) follows the quotation rules unless the restriction is waived.

• Limit Order
  
  A limit order will allow matching only at the specified price. The sell order input price cannot be made at a price below the best bid price, if available whereas the buy order input price cannot be made at a price above the best ask price, if available.
• Enhanced Limit Order
  
  An enhanced limit order will allow matching of up to 10 price queues (i.e. the best price queue and up to the 10th queue at 9 spreads away) at a time provided that the traded price is not worse than the input price. The sell order input price cannot be made at a price of 10 spreads (or more) below the current bid price whereas the buy order input price cannot be made at a price of 10 spreads (or more) above the current ask price.
• Special Limit Order
  
  A special limit order will allow matching of up to 10 price queues (i.e. the best price queue and up to the 10th queue at 9 spreads away) at a time provided that the traded price is not worse than the input price. A special limit order has no restriction on the input price as long as the order input price is at or below the best bid price for a sell order or at or above the best ask price for a buy order.

Any outstanding orders will be cancelled at the end of the Continuous Trading Session.

(C) Order Placing

Client can place order via phone, Internet or our Account Executive or client can come in person to our head office or branches to place order;

If Client place order via phone to our Account Executive or dealing staff, please clearly state whether it is a buy or sell order, the stock name and code, price and quantity of stock to be bought or sold. In order to protect your interest, our Account Executive or dealing staff will confirm the order details with you and check your account status (e.g. whether sufficient stock or cash is available, whether the price is deviated too much from the market price). Orders will be sent out to the trading system of the Exchange for matching and orders only be valid until the end of the last trading session of that trading day (i.e. good till the day only). Any outstanding orders or quantities will be cancelled.

Trading hotlines：

1. Please read the On-line securities Trading system User Guideline before conduct Internet trade. Clients can place orders at any time during the trading hours. For security purpose, clients have to input the trading password to confirm trading orders and amendments of trading orders.
   
2. Even if clients have chosen to use the Internet trading service, clients can always place orders by calling our trading hotlines. The commission will be calculated according to the channel of the order placing.
   
3. Clients cannot sell physical stocks through the Internet trading platform. Clients who would like to sell physical stocks through the Internet trading platform have to deposit the share certificate(s) with our head office or branches and wait for 14 working days for the relevant registry to confirm the identity of the share certificate prior to trading. For enquiry, please call our settlement department at (852) 3420-1006.
   

(D) Order Confirmation

All orders received will be acknowledged and confirmed via phone, Internet or physical delivery of the copy of the dealing ticket.