Stock Trading
China A Shares
(SH/SZ – HK Stock Connect)
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.
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.
In compliance with regulations regarding the restriction of mainland investors from Northbound trading, please kindly be aware that with effect from 24 July 2023 Mainland Chinese citizens will be restricted from placing “BUY” orders trading China ‘A’ shares (both SSE and SZSE).
However Mainland Chinese citizens with a valid PR status in Singapore as recorded in our system will not be affected by this restriction.
| Handling Fee | 0.00341% with effect from 28 August 2023 |
| Security Management Fee | 0.002% |
| Transfer Fee (ChinaClear) | 0.001% of the consideration of a transaction per side (Effective on 29th Apr 2022) |
| Transfer Fee (CCASS) | 0.002% of the consideration of a transaction per side |
| Stamp Duty | 0.05% (Sell only) with effect from 28 August 2023 |
| 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). Fees & charges may be subject to changes without prior notice. Please click here for custodian charges.
| 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:
- 09:20 – 09:25: SSE will not accept order cancellation.
- 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.
- Orders that are not executed during the opening call auction session will automatically enter the continuous auction session.
2023
| Month | Day | Date | Holidays | Settlement | Trading Day |
| January | Monday | 02 January | New Year’s Day Obs | No | No |
| Monday | 23 January | Lunar New Year | No | No | |
| Tuesday | 24 January | Lunar New Year | No | No | |
| Wednesday | 25 January | Lunar New Year | No | No | |
| Thursday | 26 January | Lunar New Year | No | No | |
| Friday | 27 January | Lunar New Year | No | No | |
| April | Wednesday | 05 April | Ching Ming Festival | No | No |
| Thursday | 06 April | Day Before Good Friday | Yes | No | |
| Friday | 07 April | Good Friday | No | No | |
| Monday | 10 April | Easter Monday | No | No | |
| May | Monday | 01 May | Labour Day | No | No |
| Tuesday | 02 May | Labour Day | No | No | |
| Wednesday | 03 May | Labour Day | No | No | |
| Friday | 26 May | Buddha’s Birthday | No | No | |
| June | Thursday | 22 June | Tuen Ng Festival | No | No |
| Friday | 30 June | Hksar Establishment Day | Yes | No | |
| September | Friday | 29 September | Mid-autumn Festival | No | No |
| October | Monday | 02 October | National Day | No | No |
| Tuesday | 03 October | National Day | No | No | |
| Wednesday | 04 October | National Day | No | No | |
| Thursday | 05 October | National Day | No | No | |
| Friday | 06 October | National Day | No | No | |
| Monday | 23 October | Chung Yeung Festival | No | No | |
| December | Friday | 22 December | Day Before Christmas | Yes | No |
| Monday | 25 December | Christmas Day | No | No | |
| Tuesday | 25 December | Christmas Holiday | 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, IPOs are currently not supported by the scheme.
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 Shenzhen, Shanghai 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
- Index constituents of the SSE 180 Index , SSE 380 Index, SZSE Main Index, SZSE SME Index, SZSE ChiNext Index* or
- 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;
