Why are Hong Kong stocks suspended?

In China, the stock market can be roughly divided into two categories: A shares and Hong Kong stocks. There are some differences between them. So, why are Hong Kong stocks suspended? What are the trading rules of Hong Kong stocks?

Why are Hong Kong stocks suspended?

Hong Kong stocks will be suspended for the following reasons:

1, holidays

On some special holidays, Hong Kong stocks will be closed, for example, Hong Kong Buddha's Birthday, Mid-Autumn Festival, National Day, Hong Kong Christmas and other festivals.

2, bad weather influence

The impact of bad weather, such as typhoon and cold current, on the trading of Hong Kong Stock Connect will be suspended at this time.

3. Emergency handling of abnormal situations

In the history of Hong Kong market, there have been cases in which the website of "Disclosure Easy" was disturbed, which led to the instability of the system and the suspension of securities trading of some listed companies.

4. Not during trading hours.

Trading in Hong Kong stocks will also be suspended when the market is closed. The trading time of Hong Kong stocks is 9: 30-12: 00 on the trading day; 13:00- 16:00。

Among them, Hong Kong stocks have the following trading rules:

1. Hong Kong stocks are traded in t+0 mode, that is, investors can sell stocks on the same day.

2. Hong Kong stocks can be traded in both directions, that is, investors can be long or short.

3. Hong Kong stocks are subject to the t+2 settlement system.

4. There is no price limit for Hong Kong stocks.

5. The minimum purchase price of Hong Kong stocks is also the first hand, and the first hand is not 100 shares. The number of shares represented by Hong Kong stocks 1 hand is not uniform, but determined by listed companies. Some listed companies stipulate that 1 hand is 100 shares, while others stipulate that 1 hand is 500 shares and 65438+.

6. Hong Kong stocks open at 9: 30am and close at16: 00pm. Among them, pre-market period (bidding limit order declaration): 9:00-9: 15 (can be declared and cancelled); 9: 15-9:20 (declaration is allowed, cancellation is not allowed); 9:20-9:28 (it is not allowed to declare or withdraw the proposal, but it will be entrusted by the meeting to match the quotation); 9:28-9:30 (no declaration, no cancellation, no handling).

Continuous trading session (enhanced limit order declaration): 9:30- 12:00 (declaration and withdrawal); 12:00- 12:30 (no Hong Kong Stock Connect trading telephone number 12:30- 13:00, (only cash withdrawal is allowed); 13:00- 16:00 (can be declared and cancelled); Closing bidding period (bidding limit order declaration):16: 00-16: 01(orders cannot be placed or cancelled); 16:0 1- 16:06; 16:06- 16:08 (pending orders are not allowed); 16: 08-16:10 (pending orders are not allowed).