Transaction Rules

Name U.S.Stock Exchange Markets Mainland A Stock Market Hong Kong Stock Exchange Market
Stock Code English Language for Listed Companies 6 digits 5 digits
 
Trading time		 Eastern US Time (EDT): Monday to Friday 9:30~16:00 PM
(Apr-Nov): Beijing time 21:30~4:00PM
(Nov-Apr): Beijing time 22:30-5:00PM		 09：30-11：30
13:00-15：00		 09：30-12：00
13:00-16：00
 
Trading Unit		 No restrictions, one unit 100 shares per lot Listed company decides the number of shares per lot
Up and down price The original stock price change unit is 1/16 USD
Nowadays it is mostly changed to decimal point system (minimum is 1 cent)		 RMB 0.01 According to stock price
Price limit Not allowed to deviate more than 1 times the current market price Up and down 10%, Shanghai stocks included in the risk warning board are up 5% No restrictions
Bid/ask price limit 24 levels 1 million shares, Shanghai Stock Connect up and down 3% 20 levels
Day trading Yes There is no day trading, it can only be sold on or after T+1 Yes
Odd lot Tradeable Only allow selling Tradeable, odd lot trading price not the same with current price
 
 
Trading costs		 Commissions, SEC fee, and FINRA fees Handling fee, securities management fee, transfer fee, transaction stamp tax Transaction fee, transaction levy, stamp duty
Closing period The stock is settled on T+2 day, and the money is settled on T+2 day The stock is settled on T day, and the money is settled on T+1 day Settlement of stocks and funds on T+2
 
Corporate Notices		 Based on the disclosure of the stock exchange listing SSE website and four official designated newspapers
(Including Shanghai Securities News, Securities Times, China Securities News and Securities Daily)		 Hong Kong Stock Exchange Disclosure Website