Welcome to BOCI!

“Hong Kong stocks” refers to stocks listed on the Hong Kong Exchanges and Clearing Limited (HKEX) (including the Main Board and Growth Enterprise Market). Hong Kong stocks can generally be divided into H shares, blue-chips, and red-chips.

BOCI Securities is one of the major securities brokers in Hong Kong, offering a full range of financial products, investment advisory and wealth management services to help you achieve wealth appreciation.

Diversified trading channels that allow you to place orders easily anytime, anywhere
Bespoke financial investment plans tailor-made for you by our team of experiencedRelationship Managers
Highly flexible financing services to help you seizeevery investment opportunity
Top-flight data processing and security systems to provide a safe and reliable online investment environment

Trading Hours

Trading Time: The Exchange is closed on Saturdays, Sundays and observed holidays

		Time	At-auction Order (AUC) Permitted Actions	At-auction Limit Order (ALO) Permitted Actions
Pre-opening Session:	Order Input period	09:00 to 09:15	Order Input	Order Input
			Amend	Amend
			Cancel	Cancel
	Pre-matching Period	09:15 to 09:20	Order input only	Order input only (Amended / cancelnot permitted)
	Pre-matching Period	09:15 to 09:20	(Amend / cancel not permitted)	Order input only (Amended / cancelnot permitted)
	Order Matching Period	09:20 to 09:22	Unmatched AUC orders will be automatically cancelled.	Unmatched ALO Orders will be automatically converted to Limit Orders and carried forward to the morning session.
Continuous Trading Session	Morning Session:	09:30 to 12:00
Continuous Trading Session	Afternoon Session:	13:00 to 16:00
Closing AuctionSession	Reference Price Fixing Period	16:00 to 16:01	Reference prices are calculated & published
			No input, cancel and amend
			Orders within price limit will be automatically carried forward
	Order Input Period	16:01 to 16:06	Price Limit is ±5% from reference price
	Order Input Period	16:01 to 16:06	Input/Cancel/Amend permitted
	No Cancellation Period	16:06 to 16:08	Price Limit is within lowest ask and the highest bid price
	No Cancellation Period	16:06 to 16:08	Input permitted, Cancel & Amend not permitted
	Random Closing Period	16:08 to 16:10	Price Limit set between the lowest ask and the highest bid
	Random Closing Period	16:08 to 16:10	Input permitted, Cancel & Amend not permitted

There is no Afternoon Session on the eves of Christmas, New Year and Lunar New Year. Please checkHK Exchange for the latest updates.

Type of Orders

		At-auction Limit Order (ALO)
Pre-opening Session	At-auction Order (AUC)	No specified price
		AUCs carry higher matching priority than ALOs. Orders are matched in order of time priority at the final IEP.
		Any AUC outstanding after the end of the Pre-opening Session will be cancelled before the commencement of the Continuous Trading Session.
	At-auction Limit Order (ALO)	Specified price
	At-auction Limit Order (ALO)	AUCs and ALOs within ± 15% of the previous closing price can be entered starting from the commencement of the Order Input Period. ALOs with a limit price outside the permissible price limit will be rejected bythe OTPC.
Continuous Trading Session	Limit Order	Matching allowed only at the specified price.
		The sell order price input cannot be below the best bid price, if any whereas the buy order price input cannot be above the best ask price, if any.
		Any outstanding limit order will be put in the price queue of the input price.
	Enhanced Limit Order	Matching of up to 10 price queues at a time allowed, 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.
		Any outstanding enhanced limit order will be treated as a limit order and put in the price queue of the input price.
	Special Limit Order	Matching of up to 10 price queues at a time allowed, provided that the traded price is not worse than the input price.
		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 special limit order will be cancelled and will not be stored in the AMS/3.

Settlement Arrangements

Settlement Day	T+2
Currency	HKD , USD and RMB

*The information contained in this page does not serve as an invitation to buy/sell securities or other financial products. The price of financial products may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling financial products.

Investing in the global securities markets can bring you more investment opportunities.

BOCI Securities provides you with diversified securities trading services. In addition to the local securities market, you can also place orders on international securities markets through your BOCI trading account. Major overseas securities markets include China B Shares, the U.S, Canada, Japan, Taiwan, Thailand, Singapore, Malaysia, Australia, Germany, the United Kingdom, France, Sweden, the Netherlands, and Spain.

Trading Details for Overseas Market

(The Exchange is closed on Saturdays, Sundays and observed holidays)

Country / Region	Exchanges	Trading Hours	Settlement Day	Currency
China B Shares	Shanghai B Shares：Shanghai Stock Exchange	Trading Hours: Pre-opening Session：09:15 - 09:25 Continuous Trading Session：09:30 - 11:30 and 13:00 - 15:00	T+3	Shanghai B Shares：U.S. Dollars
China B Shares	Shenzhen B Shares：Shenzhen Stock Exchange		T+3	Shenzhen B Shares：Hong Kong Dollars
Japan	Osaka Securities Exchange	Morning Session： 08:00 - 10:00 Afternoon Session：11:30 - 14:00	T+2	Japanese Yen
Japan	Tokyo Stock Exchange		T+2	Japanese Yen
Taiwan	Taiwan Stock Exchange	09:00 - 13:30	Securities Settlement (Buy)：T+2 Cash Settlement (Sell)：T+2	New Taiwan Dollars
Thailand	The Stock Exchange of Thailand	Morning Session： 10:55 - 13:30 Afternoon Session：15:25 - 18:00	T+2	Thai Baht
Singapore	The Stock Exchange of Singapore	Pre-opening Session：08:30 - 08:59 Continuous Trading Session: 09:00 - 17:00 Closing Session: 17:00 - 17:05	T+2	U.S. Dollars & Singapore Dollars
Malaysia	Bursa Malaysia	Morning Session: 09:00 - 12:30 Afternoon Session: 14:30 - 17:00	T+2	Malaysian Ringgit
Australia	Australian Stock Exchange	Summer Hours: 07:00 - 13:00 Winter Hours: 08:00 - 14:00	T+2	Euro
Germany	Frankfurt Stock Exchange	Summer Hours: 15:00 - 23:30 Winter Hours: 16:00 - 00:30	T+2	Euro
United Kingdom	London Stock Exchange	Summer Hours: 15:00 - 23:30 Winter Hours: 16:00 - 00:30	T+2	Great British Pounds
France	Paris Stock Exchange	Summer Hours: 15:00 - 00:00 Winter Hours: 16:00 - 01:00	T+2	Euro
Sweden	Stockholm Stock Exchange	Stockholmsb?rsen Summer Hours: 15:00 - 23:30 Winter Hours: 16:00 - 00:30	T+2	Swedish Krona
Sweden	Stockholm Stock Exchange	Sweden Growth Enterprise Market Summer Hours: 15:00 - 23:30 Winter Hours: 16:30 - 00:30	T+2	Swedish Krona
Netherlands	Amsterdam Stock Exchange	16:00 - 00:30	T+2	Euro
Switzerland	SIX Swiss Exchange	15:00 - 23:30	T+2	Swiss Franc
Spain	Bolsa de Madrid	15:00 - 23:30	T+2	Euro
Canada	Toronto Stock Exchange	Summer Hours: 21:30 - 04:00 Winter Hours: 22:30 - 05:00	T+2	Canadian Dollars
U.S.A.	Nasdaq Stock Exchange New York Stock Exchange American Stock Exchange	Summer Hours: 21:30 - 04:00 Winter Hours: 22:30 - 05:00	T+2	U.S. Dollars

The Shanghai/Shenzhen-Hong Kong Stock Connect provides a framework for mutual order-routing connectivity and for establishing related technical infrastructure (Trading Links), enabling investors from different markets to trade designated equity securities listed in each other’s markets.

Through the Shanghai/Shenzhen-Hong Kong Stock Connect for Northbound Trading,investors can:

Clients can easily participate in Northbound Trading of Shanghai/Shenzhen-Hong Kong Stock Connect by simply using their existing BOCI trading account or opening a new one. BOCI offers electronic trading platforms, enabling clients to conveniently access and manage their account and trading activities. Margin financing services are also available to help clients seize every opportunity.

Trading Overview

	Shanghai Northbound Trading	Shenzhen Northbound Trading
Eligible Participants	All HK and overseas individual and institutional investors *ChiNext participation limited to institutional professional investors (PI1) initially	HK and overseas individual and institutional investors *ChiNext participation to be initiallylimited to institutional professional investors (PI1)
Eligible stocks	All constituent stocks of the SSE 180 Index and SSE 380 Index, and A shares of SSE-SEHK A+H	Constituents of SZSE Component & SZSE Small/Mid Cap Innovation indexes with market capitalization of at least RMB 6 bn, and A shares of SZSE-SEHK A+H.
Daily Trading Quota	RMB 52 billion	RMB 52 billion
Cancellation ofConfirmed Order	Not Applicable	SZSE may cancel an order after it has been confirmed due to unsuccessful order validation.
Settlement cycle	Stock settlement: T day Cash settlement: T+1
Currency	RMB
Order Types	Limit Orders only
Trading restrictions	No Day trading NoBlock trade No Short selling
Lot size	100 shares
Max order size	1 million shares
Tick size	RMB 0.01
Price limit	±10% from previous closing price ±5% from previous closing price for stocks under special treatment

Trading Arrangements

To facilitate Northbound trading for Hong Kong and overseas investors in securities listed on the Shanghai Stock Exchange ("SSE")/Shenzhen Stock Exchange ("SZSE"), the SEHK established subsidiaries in Shanghai and Qianhai, Shenzhen. Orders placed through the Shanghai/Shenzhen Stock Exchange Connect are routed through these subsidiaries.

The principal arrangements for the institution of the Shenzhen-Hong Kong Stock Connect have been formulated with reference to existing arrangements for the Shanghai-Hong Kong Stock Connect and in accordance with the existing laws, regulations, and operational models governing trading and clearing in each market.

Trading Hours

Trading Session	SSE & SZSE Trading Hours	Time for EPs to input Northbound orders
Opening Call Auction	09:15 - 09:25	09:10 - 11:30
Continuous Auction (Morning)	09:30 - 11:30	09:10 - 11:30
Continuous Auction (Afternoon)	13:00 - 14:57	12:55 - 15:00
Closing Call Auction	14:57 - 15:00	12:55 - 15:00

Please note:

SSE/SZSE will not accept order cancellations during the following periods: 09:20 - 09:25; 14:57 - 15:00

Orders and order cancellations can be input into the CSC during the following periods but will not be processed by SZSE and SSE until market open: 09:10 - 09:15; 09:25 - 09:30; 12:55 - 13:00

Orders that are not executed during the opening call auction session will automatically enter the continuous auction session

Holiday Arrangements

Investors are only allowed to trade on the other markets on days when the following conditions are met: markets are open for trading both in Hong Kong and in Mainland China, and banking services are available both in Hong Kong and Mainland China markets on the corresponding settlement days.

	Mainland China	Hong Kong	Open for Northbound Trading(Yes/No)
Day 1	Business Day	Business Day	Yes
Day 2	Business Day	Business Day	No	Cash Settlement Day HK market closed
Day 3	Business Day	Holiday	No	HK market closed
Day 4	Holiday	Business Day	No	SSE market closed

Arrangements for Severe Weather Conditions

Scenarios	Northbound Trading of SSE/SZSE Securities	Cash Settlement(for T-1 position)	Stock Settlement (for T position)
1. No 8 signal typhoon/ black rainstorm alert issued before HK market open (i.e. 09:00) and discontinued after 12:00 noon	Closed	No	N/A
2.No 8 signal typhoon alert issued between 09:00 and 09:15	Closed	Yes	N/A
3. No 8 signal typhoon alert issued after SSE market open (i.e. 09:15)	Trading will continue for 15 minutes after T8 alert issuance. Thereafter, only order cancellations will be only action allowed until SSE market close	Yes	Yes
4.Black rainstorm alert iissued after HK market open (i.e. 09:00)	Trading continues as normal	Yes	Yes

Investor and Participant Eligibility	Hong Kong and overseas investors are allowed to trade SSE Securities through the Shanghai-Hong Kong Stock Connect and to trade SZSE securities through the Shenzhen-Hong Kong Stock Connect, but ChiNext participation shall be limited initially to institutional professional investors (PI1) initially.
Eligible Stocks	Investors to trade through Shanghai Northbound Connect are allowed to trade all constituent stocks of the SSE 180 Index and SSE 380 Index, and all SSE-listed A-shares not included as constituent stocks of the aforementioned indices but which have corresponding H-shares listed on SEHK, except shares subject to risk alert or delisting procedures and shares which are not traded inRMB.
Eligible Stocks	Investors trading through the Shenzhen Northbound Connect are allowed to trade constituent stocks of the SZSE Component & SZSE Small/Mid Cap Innovation indices with market capitalization of at least RMB 6 billion, and SZSE-SEHK A+H shares, except shares subject to risk alert or delisting procedures and shares which are not traded in RMB.
Quota	Shanghai NB Connect Daily Quota: RMB 52 billion Shenzhen NB Connect Daily Quota: RMB 52 billion
Cancellation ofConfirmed Orders	Unlike on the SSE, confirmed orders may be cancelled by the SZSE trading system due to unsuccessful order validation. e.g. if the order price exceeds the current price range, it may be canceled. In this case, an order cancellation notification will be sent.
Trading Currency	Hong Kong and overseas investors shall trade and settle SSE/SZSE Securities in RMB only.
Order Types	For Northbound trading, only Limit Orders (SSE/SZSE limit orders can be matched at the specified or better price) will be accepted for SSE/SZSE Securities throughout the day.
Price Limit	For SSE/SZSE Securities, there is a general price limit of ±10% (and ±5% for stocks under special treatment (i.e. ST and *ST stocks) in the risk alert board) from previous closing price.
Dynamic Price Checking	Buy orders with input prices lower than the current best bid (or last traded price in the absence of current best bid, or previous closing price in the absence of both current best bid and last traded price) beyond a prescribed percentage will be rejected by the CSC. During Opening Call Auction, the current bid (or previous closing price in the absence of the current bid) will be used for price checking. During SZSE Closing Call Auction, the current bid (or last traded price in the absence of the current bid) will be used for price checking. Dynamic price checking will be applied throughout the trading day, from the 5-minute input period before the start of Opening Call Auction until the end of the afternoon Continuous Auction (until the end of the Closing Call Auction for SZSE). SEHK has set the dynamic price checking at 3% during the initial phase and may be adjusted from time to time subject to market conditions.
Stock Code	The stock codes for SSE/SZSE Securities are six digits and investors should use SSE/SZSE stock codes when placing orders.
Board Lots/ Odd Lots	Buy Orders: 100 shares Sell Orders: Odd lot trading is allowed. However, all odd lots must be sold in a single order Unlike in Hong Kong, SSE/SZSE board lot and odd lot orders are matched on the same platform, and subject to the same share price.
Day (Turnaround) Trading/ Block Trades/ Manual Trades	Not available.
Short Selling, Margin Financing, and StockLending and Borrowing	Hong Kong and overseas investors are prohibited from naked short selling in SSE/SZSE Securities, and are not allowed to participate in Mainland margin trading and securities lending. BOCI currently does not offer Short Selling or StockLending and Borrowing Services in SSE/SZSE Securities.
Pre-trade Checking	When placing sell orders, investors must ensure they have sufficient shares in their accounts opened with the EP who acts as their selling broker. If the shares are kept in an account opened with another EP or a custodian, investors must first transfer the shares to the selling EP on T-1 in order to sell their shares on T day.

Clearing, Settlement and Depository Arrangements

For Northbound trades, ChinaClear will act as the host Central Counterparty (CCP) and HKSCC will act as a participant. HKSCC will assume settlement obligations of its Clearing Participants (CPs) in respect to Northbound trades and settle trades directly with ChinaClear in the Mainland.


Settlement Cycle	Securities settlement for Northbound trades: T day Money settlement for Northbound trades: T+1 day For Northbound A-Share trades displayed under the "Transaction Summary" section of “Daily/Monthly Statements,” “cash settlement date” reflects the settlement date of the trade, whereas securities settlements take place and are displayed, on the day of trade, in the "Securities Position" section of “Daily/Monthly Statements.”
Stock Transfer	Hong Kong and overseas investors who have acquired Connect Securities through Northbound trading should keep their SSE and SZSE Securities in their brokers’ or custodians’ CCASS stock accounts. CCASSParticipants can transfer Stock Connect securities between their CCASS stock accounts by means of Settlement Instructions (SIs). To clarify, Investor Participant (IP) accounts cannot be used for custodial management of Stock ConnectSecurities.
Depository Services	Since Stock Connect securities are issued in scripless form, it is not possible to make physical deposits and withdrawals of SSE and SZSE Securities into/from the CCASS Depository.
Nominee Services and Corporate Actions	HKSCC will extend its existing nominee services to CCASS participants/investors for their SSE/SZSE Securities held in CCASS as far as practicable. Upon receipt of cash dividends on a given payment date, HKSCC will, to the extent practicable, arrange to distribute the dividends to the relevant CCASS Participants on the same day. Initial public offerings are not supported by the Shanghai/Shenzhen-Hong Kong Stock Connect. Hong Kong and overseas investors can find information about all corporate actions regarding SSE/SZSE Securities on the SSE/SZSE websites and in the four following officially designated newspapers (print editions and websites): the Shanghai Securities News, Securities Times, China Securities Journal, and Securities Daily. Please note that SSE/SZSE-listed issuers will continue to publish corporate documents in Chinese only as per current practice. English translation will not be available. Investors can also visit the “China Stock Markets Web” page of the HKEx website for information about company announcements regarding SSE/SZSE securities issued on the previous trading day.
Settlement Currency	Northbound trades will be settled in RMB.

Fees and Levies

Click hereforinformation about fees and levies related to Northbound trades conducted through the Shanghai/Shenzhen-Hong Kong Connect.

Fees and taxes (if any) related to Northbound A-share trades recorded in “Daily/Monthly Statements” have been/will be paid via Hong Kong Exchanges and Clearings Limited to China Securities Depository and Clearing Corporate Limited.

China Connect Northbound Investor ID Model

China Connect Northbound Investor ID Model was implemented by HKEx on 26 September 2018.

Under the Northbound Investor ID Model, BOCI is required to assign a unique Investor ID number in a standard format to every Northbound trading client and to provide client data to HKEx, which will then forward the information to Mainland exchanges directly, or via ChinaClear.

Investor ID and Client Data are the two main components of the Northbound Investor ID Model and are used only for market surveillance by official regulators.

Personal Information Collection Statement

Individual clients intending to conduct Northbound trading can confirm the “Personal Information Collection Statement” online via the SH-HK or SZ-HK section on the BOCI Online Trading Platform.

Alternatively, individual clients can email their duly signed Personal Information Collection Statement to CS@bocigroup.com or mail the original document to the following address:

18/F, Low Block

Grand Millennium Plaza

181 Queen’s Road Central

Hong Kong

Attn: BOCI- Retail Trading

Upon receipt of client's duly signed Personal Information Collection Statement or online confirmation via the BOCI online trading platform, BOCI will assign a unique Investor ID(s) to client’s personal account(s) and joint account(s) (if appropriate).

If a client has more than one account (including Joint Accounts) with BOCI, the client is only required to return one set of the Personal Information Collection Statement to us.

The HKEx and Mainland Exchanges or ChinaClear will consolidate and validate the Investor ID.

Upon receiving the duly signed Personal Information Collection Statement or the confirmation via online trading platform. It will take at least 2 business days for BOCI to assign an Investor ID.

Trading

Clients must possess valid Investor ID in order to place China Connect securities buy orders. Without valid Investor ID, clients can only place China Connect securities sell orders via BOCI, but not buy orders.

Notes

The Authorities and Exchanges will accept applications for an Investor ID from Mainland Investors only if they use a second-generation Resident Identity Card with an 18-digit ID number. Mainland investors using a first-generation Resident Identity Card with a 15-digit ID number will not be accepted.

Securities Market：
Action：	Buy Sell
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Order Price：
Minimum Commission ($)：
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