Stocks & Shares

China A Shares (SH/SZ – HK Stock Connect)

  Online Trades Broker-Assisted Trades
Commission 0.25% 0.30%
Minimum RMB 88 RMB 150

 

Other Foreign Fees
Handling Fee 0.00487%
Security Management Fee 0.002%
Transfer Fee 0.004% on gross value or consideration
Stamp Duty 0.1% (Sell only)
Portfolio Fee Daily stock portfolio value x 0.008% / 365 (Accrued daily and collected on a monthly basis in SGD equivalent, charged by Hong Kong Securities Clearing Company Limited)

Note: All fees and charges are subject to Goods & Services Tax (GST). GST will also be applicable on related foreign fees such as stamp duty, exchange and trading fees from 1st October 2021. Fees & charges may be subject to changes without prior notice. Please click here for custodian charges. (effective 1 April 2022)

Phillip Securities is pleased to inform you that the following China A-Shares listed on the Shanghai Stock Exchange (SSE) are marginable under Phillip Margin (M) Accounts and Share Financing (V) Accounts:

辉立证券很高兴地通知您,以下上海证券交易所(SSE)上市的中国A股已可在辉立保证金(M)账户和辉立股票融资(A)账户下进行融资 (List updated as of 18th July 2016, and is subjected to changes without prior notification) 该列表更新于2016年7月18日,若有调整恕不提前通知

 

Name H-Shares A-Shares
Symbol Symbol
ABC
农业银行
01288.HK 601288.SH
AIR CHINA
中国国航
00753.HK 601111.SH
ALUMINUM CORP OF CHINA
中国铝业
02600.HK 601600.SH
ANHUI CONCH
海螺水泥
00914.HK 600585.SH
ANHUIEXPRESSWAY
皖通高速
00995.HK 600012.SH
BAIYUNSHAN PH
白云山
00874.HK 600332.SH
BANK OF CHINA
中国银行
03988.HK 601988.SH
BANKCOMM
交通银行
03328.HK 601328.SH
BEIJING NORTH STAR
北辰实业
00588.HK 601588.SH
CCB
建设银行
00939.HK 601939.SH
CEB BANK
光大银行
06818.HK 601818.SH
CHINA COAL
中煤能源
01898.HK 601898.SH
CHINA COMM CONS
中国交建
01800.HK 601800.SH
CHINA EAST AIR
东方航空
00670.HK 600115.SH
CHINA LIFE
中国人寿
02628.HK 601628.SH
CHINA OILFIELD
中海油服
02883.HK 601808.SH
CHINA RAIL CONS
中国铁建
01186.HK 601186.SH
CHINA RAILWAY
中国中铁
00390.HK 601390.SH
CHINA SHENHUA
中国神华
01088.HK 601088.SH
CHINA SOUTH AIR
南方航空
01055.HK 600029.SH
CITIC BANK
中信银行
00998.HK 601998.SH
CITIC SEC
中信证券
06030.HK 600030.SH
CM BANK
招商银行
03968.HK 600036.SH
CMOC
洛阳钼业
03993.HK 603993.SH
CPIC
中国太保
02601.HK 601601.SH
CSR
中国南车
01766.HK 601766.SH
DALIAN PORT
大连港
02880.HK 601880.SH
DATANG POWER
大唐发电
00991.HK 601991.SH
DONGFANG ELEC
东方电气
01072.HK 600875.SH
FIRST TRACTOR
一拖股份
00038.HK 601038.SH
FOSUN PHARMA
复星医药
02196.HK 600196.SH
GAC GROUP
广汽集团
02238.HK 601238.SH
GREATWALL MOTOR
长城汽车
02333.HK 601633.SH
GUANGSHEN RAIL
广深铁路
00525.HK 601333.SH
HAITONG SEC
海通证券
06837.HK 600837.SH
HUADIAN POWER
华电国际
01071.HK 600027.SH
HUANENG POWER
华能国际
00902.HK 600011.SH
ICBC
工商银行
01398.HK 601398.SH
JIANGSU EXPRESS
宁沪高速
00177.HK 600377.SH
JIANGXI COPPER
江西铜业
00358.HK 600362.SH
MAANSHAN IRON
马钢股份
00323.HK 600808.SH
MINSHENG BANK
民生银行
01988.HK 600016.SH
NANJING PANDA
南京熊猫
0553.HK 600775.SH
NCI
新华保险
01336.HK 601336.SH
PETROCHINA
中国石油
00857.HK 601857.SH
PING AN
中国平安
02318.HK 601318.SH
SHENZHEN EXPRESS
深圳高速
0548.HK 600548.SH
SH PHARMA
上海医药
02607.HK 601607.SH
SHANGHAI PECHEM
上海石化
00338.HK 600688.SH
SICHUAN EXPRESS
四川成渝
00107.HK 601107.SH
SINOPEC CORP
中国石化
00386.HK 600028.SH
SINOPEC OILFIELD
石化油服
01033.HK 600871.SH
TSINGTAO BREW
青岛啤酒
00168.HK 600600.SH
YANZHOU COAL
兖州煤业
01171.HK 600188.SH
ZIJIN MINING
紫金矿业
02899.HK 601899.SH

Updated as of 18 July 2016. Information is subject to change from time to time without prior notice.

Click HERE (link to FAQ China A shares) for China A-Shares FAQ.
Learn How Margin Account Works HERE.
Learn How Share Financing Account Works HERE.

Order Placement (Board lots) Via
1) POEMS 2.0 or
2) POEMS Mobile or
3) Your designated Trading Representative
Odd lot (Sell only) 1) POEMS 2.0 or
2) POEMS Mobile or
3) Your designated Trading Representative
Common order rejection messages Your orders may be rejected due to the following reasons:
Buy order for Northbound trades Securities is set at a price limit below its current best bid price (if no current best bid price is available, latest trade price applies, and if it is also not available, previous closing price applies) beyond 3%* .
*The percentage may be adjusted from time to time subject to market conditions. Example: For all purchases, if the bid price is RMB 1, the lowest price limit allowed will be set at RMB 0.97.For SSE securities, there is an upper and lower daily price limit of +/-10% (+/-5% for stocks on the “Risk Alert Board”) based on the previous day closing price. All orders must be at or within the price limit range.”Trading limit exceeded
Short sell
Stock suspended
For Buy Orders Daily Quota Exceeded. (Please check on HKex for real-time updates on Daily Quota Balance)
Trading lot 100 shares
Price Quote 15 minutes delayed on POEMS 2.0
Exchange SSE
Traded currency RMB
Minimum bid size RMB 0.01

Note:
1. You are not allowed to buy shares and subsequently sell them on the same trading day. Shares bought on T day can only be sold on T+1 onwards.
2. Buy orders must be in board lot; odd lot trading is only available for sell orders.

SSE Trading Session SSE Trading Hours
Opening Call Auction 09:15 – 09:25
Continuous Auction (Morning) 09:30 – 11:30
Continuous Auction(Afternoon) 13:00 – 15:00

Note:

  1. 09:20 – 09:25: SSE will not accept order cancellation.
  2. 09:10 – 09:15; 09:25 – 09:30; 12:55 – 13:00: orders and order cancellation can be accepted by SEHK but will not be processed by SSE until SSE’s market open.
  3. Orders that are not executed during the opening call auction session will automatically enter the continuous auction session.
Settlement Date T+1 market days
Settlement Currency SGD & CNY
Order Amalgamation Yes (Conditions for Amalgamation, click here)

Note: For payment methods, please click here.

 

2021

Month Day Date Holidays Settlement Trading Day
January

Friday 01 January New Year’s Day No No
February
Thursday 11 February  Lunar New Year No No
Friday 12 February Lunar New Year No No
Monday 15 February Lunar New Year No No
Tuesday 16 February Lunar New Year No No
Wednesday 17 February  Lunar New Year No No
April

Thursday 01 April Day Before Good Friday No No
Friday 02 April Good Friday Yes No
Monday 05 April Easter Monday No No
Tuesday 06 April Ching Ming Festival No No
 

May

Wednesday 19 May Buddha’s Birthday No No
June Monday 14 June Tuen Ng Festival No No
Wednesday 30 June Hksar Establishment Day Yes No
July Thursday 01 July Sar Establishment Day No No
September Friday 17 September Market Holiday Yes No
Monday 20 September Mid-autumn Festival No No
Tuesday 21 September Mid-autumn Festival No No
Wednesday 22 September Day After Mid-autumn Festl No No
October Friday 01 October National Day (obs) No No
Monday 04 October National Day No No
Tuesday 05 October National Day No No
Wednesday 06 October National Day No No
Thursday 07 October National Day No No
Wednesday 13 October Market Holiday Yes No
Thursday 14 October Chung Yueng Festival No No
December Thursday 24 December Day Before Christmas Yes No
Friday 27 December Christmas Day Obs No No

*Settlement – Change based on money settlement 

Note: Information is correct at time of posting. For latest updates, please refer to the Stock Connect Trading Calendar.

Yes. Any investors holding or controlling shares more than 5% from the same issuer must disclose his interest within 3 working days. During which, the said investor cannot buy nor sell the shares until the interest is made known.

Stock Borrowing & Lending of SZSE/SSE China A-Shares for foreign retail investors was recently approved and introduced by the relevant exchange authorities. We look forward to providing this service to our clients once it is ready. Naked short selling is still not permitted, and for Margin Financing, kindly click SZSE/SSE Trading Details to find out more.

No, simply call your preferred Phillip representative now, or click here to open an account.

Yes. For SZSE/SSE Securities, there is a general price limit of a ±10% (and a ±5% for stocks under special treatment (i.e. ST and *ST stocks) in the risk alert board) based on previous closing price.

All orders input for SZSE/SSE Securities must be within the price limit. Any orders with price beyond the price limit will be rejected by SZSE/SSE. The upper and lower price limit will remain the same intra-day.

Note: ST stocks refers to: stocks that have been resumed from suspension for listing; or stocks that have been relisted; or stocks that have suffered from other significant risks. *ST stocks refers to stocks with the risks of being delisted.

Should Shenzhen, Shanghai or Hong Kong announce suspension of market due to severe weather (ie. Typhoon Signal above 8 and/or Black rainstorm), no trade will take place until an official announcement for trading resumption. Please refer to ShenzhenShanghai or Hong Kong Stock exchange for any announcements on market suspension on the day.

Shenzhen/Shanghai-Hong Kong Stock Connect is a joint project between the Shenzhen Stock Exchange (SZSE)/Shanghai Stock Exchange (SSE) and The Stock Exchange of Hong Kong Limited (SEHK). It allows investors to trade cross-border into specific stocks listed in the other’s market. It also allows overseas investors and thus Phillip Securities clients to trade China ‘A’ shares in the SZSE/SSE.

‘A’ shares that are

  1. Index constituents of the SSE 180 Index , SSE 380 Index, SZSE Main Index, SZSE SME Index, SZSE ChiNext Index* or
  2. Dual-listed on both SZSE/SSE and HKex

*The ChiNext Board opens to institional professional investors initially

The shares must also be denominated in RMB and not included in “Risk Alert Board”.

Investors will not be allowed to buy the share, but will only be allowed to sell it in the event a stock subsequently:

  • Ceases to be a constituent stock, or
  • is added to “Risk Alert Board”, or
  • its ‘H’ Share cease to trade on HKex;