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HK stock business - trading guide

I.Trading hour and matching rules of Hong Kong Securities market
Trading day: Monday to Friday (excluding public holidays)
Hong Kong Securities Market Trading Hour:

Pre-trading session 9:00 - 9:15 9:15 - 9:20 9:20 - 9:28
Trading status Order Input period Pre-matching period Matching period
Available order type Both auction order and auction limit orders Only auction order None
Amendment and Cancellation Allowed Both not allowed Both not allowed

Reminders

1.Only At-auction Orders (AO) and At-auction Limit Orders (AL) can be entered into the trading system during the Pre-opening Session. Any unmatched AL will be continued in continuous trading session.

2.Trading system does not support auction buy order, but not for selling.

Continuous trading session 9:30a.m. – 12:00nn 1:00p.m. – 4:00p.m.
Status Order Input and matching Order Input and matching
Available order type Both limit orders and enhanced limit orders Both limit orders and enhanced limit orders
Amendment and Cancellation Allowed Both not allowed


Closing auction period 4:00p.m. – 4:01p.m. 4:01p.m. – 4:06p.m. 4:06p.m. – 4:08p.m. 4:08p.m. – 4:10p.m.
Status Calculation and announcement of reference price Order Input period No-cancellation period Random closing period
Available order type   Auction order and auction limit with the price limit order
Amendment and Cancellation   Amend/Cancel allowed Both not allowed

Above information is for reference only, final revision from HKEx shall prevail.


II.Way of order placement

1.Online trading:

Smart phone app:

Client may use壹隆环球 app for stock quote, online trading and account inquiry.

Website:

Client may go to our website to log-on Online trading general edition (Chinese only) for online trading, account inquiry and stock quote.

2.Through telephone:

Client may dial your account manager for stock trading or stock quote inquiry.


Ⅲ.Transaction and settlement

III.Settlement of the transaction will be on T+2, which means the second trading day after the trading day on which the transaction was completed.


IV.Trading restriction

When placing orders, there are some trading restriction as below:

1. Where there are existing buy orders or sell orders on the primary queue, prices within the range of 20 spreads below the bid price or 20 spreads above the ask price are accepted.

2. Where there are no existing buy orders or sell orders, the bid price mustn’t be 20 spreads above and the sell price mustn’t be 20 spreads below the previous closing price and lowest traded price of the day.

3. No short selling transaction will be accepted through our Internet trading system. For short-selling request, please contact your account manager.

4. No odd lot transaction will be accepted through our Internet trading system. For odd-lot trading, please contact your account manager.

For more information, please refer to HKEx Website


V.Order placement for off-trading hours

  Off-trading hours Noon Break
  21:00 - 09:00 12:00 – 13:00
Status Order placement Order placement
Display on system To be processed To be processed
Available order type Limit order Limit order

Reminders: Orders will be sent to market when trading resumes.


VI.Order“Rejected”reasons

1.When the order is shown “rejected”, it means that one has entered incorrect number of shares or wrong price so the order is automatically rejected by the HKEx system.

2. There is insufficient fund in one’s account so the order is rejected by our credit administrator.

Disclaimer: Investment involves risk. The price of stocks may move up or down. Losses may be incurred as well as profits made as a result of buying and selling stocks. Full details of the terms and conditions of the above services are available on request.

US stock business - trading guide

I. US stock exchange market and trading hours

1) US stock exchange market

i) New York Stock Exchange (NYSE);

ii) American Stock Exchange (AMEX);

iii) Nasdaq Stock Market (Nasdaq)

For trading Pink Sheet or OTCBB market, please contact your account manager

2) US stock trading hours

  Monday to Friday
Summer time: 21:30 - 04:00(HKT)
Winter time: 22:30 - 05:00(HKT)

3) Summer time, winter time and holidays

As the conversion time between winter and summer is different every year, our company will announce it online at the right time.


II. US stock trading method

1) Online trading:

Mobile phone:

View quotes, online transactions, account inquiries and share quotes through the "壹隆环球" app.

Website:

Customers can conduct online transactions, account inquiries and share quotations through our website's US online public version.

2) Telephone euphemism:

Customers can call the company's trader at (852) 3761-8828 to place an order.


III. Trading and settlement

1) US stock trading is not trading by lot but by shares. Customers can buy and sell at least 1 share.

2) The settlement date is two working days after the trading day (US trading day) (T+2).


IV. Trading restrictions

1)We do not accept any short-selling of US stock orders from customers.


V. US stock online trading commission period

  HKT
Non-trading period Trading period Non-trading period
Summer time: 20:30 - 21:30 21:30 - 04:00 04:00 - 20:30 
Winter time: 21:30 - 22:30 22:30 - 05:00 05:00 - 21:30
Placing order Accept Accept Reject

Disclaimer:

Investment involves risks. The price of securities can go up or down. Buying and selling securities can bring losses, and not necessarily make a profit. Welcome to inquire about the terms and conditions of the above services. Investors who which to trade Microcap Stocks, please see information on Microcap Stocks including risks associated with such stocks on the SEC website: https://www.sec.gov/reportspubs/investor-publications/investorpubsmicrocapstockhtm.html

Margin Trading Business - trading guide

I、Characteristics of security margin financing

1.CMB International Securities Margin Financing Service allows you to enjoy more investment funds in the ever-changing securities market, improve your purchasing power, help you to grasp every investment opportunity and earn higher returns.

2.Provide a preferential margin loan interest rate, which is calculated on a daily basis based on the balance of the margin account.

3.For different securities, we will offer different mortgage rates.

4.Provides up to 70% of the market capitalization of additional funds to help you achieve higher returns with lower cost and high leverage.


II、Security margin financing information

Security margin financing service operation

Mortgage-able securities Designated Hong Kong listed securities, see the list of mortgage-able securities for details
Designated United States listed securities, see the list of mortgage-able securities for details
Securities mortgage ratio ≤70% of the recognized market value of securities
Account margin ratio Total Loan / Recognized Securities Assets* (You can borrow until the account margin ratio reaches 100%)

* Note: Approved Securities Assets = Market Value of Approved Securities x Securities Mortgage Ratio

Mortgage-able securities list:

The mortgageable securities are securities listed in Hong Kong or the United States. The latest list of CMB International's pledged securities and the corresponding securities mortgage ratio can be found in:

Mortgage-able securities Designated Hong Kong listed securities, see the list of mortgage-able securities for details
Designated United States listed securities, see the list of mortgage-able securities for details

Note: The securities mortgage ratio and the list of mortgage-backed securities and securities mortgage ratio may change. Please keep an eye on the latest information on the list.

Security margin financing service handling fee

Service Handling fee
Interest** Annual rate P*+3%

Note:

*P is Bank’s prime interest rate

** Interest is calculated daily and debited at the end of each month. If the day is a bank holiday, we will debit on the previous working day.

Disclaimer: 

Investment involves risks. The price of securities can go up or down. Buying and selling securities can bring losses, and not necessarily make a profit. Welcome to inquire about the terms and conditions of the above services.

Address: 45th & 46th Floor, Champion Tower, 3 Garden Road, Central, Hong Kong

Telephone: (852)3900 0888 Fax:(852)3761 8788

Copyright ? 2019-2020 CMB International Capital Corporation Limited. All rights reserved.

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