1.the SSE or SZSE Security subsequently ceases to be a constituent stock of the relevant indices;
2.the SSE or SZSE Security is subsequently under “risk alert”;
3.the corresponding H share of the SSE or SZSE Security subsequently ceases to be traded on SEHK;
4.the SZSE Security is, based on any subsequent periodic review, determined to have a market capitalization of less than RMB 6 billion;
5.Aggregate foreign shareholding on SSE or SZSE Securities reaches 28%;
6.Daily Quota Balance drops to zero or below
ATTENTION:
After order placement in the Bank, customers are advised to check the order status from time to time via our various channels (including but not limited to Online Banking or Mobile Banking, etc) for the latest status and execution result of the order instruction placed to our Bank. Please be reminded that our acceptance to customer’s order placement does not mean that the order can be / will be executed and/or accepted by the Shanghai Stock Exchange/Shenzhen Stock Exchange.
For SSE and SZSE 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 in SSE and SZSE) based on previous closing price. Any orders with price beyond the price limit will be rejected by SSE or SZSE. Shanghai and Shenzhen Northbound Trading is subject to the same rule.
To prevent mischievous behavior towards the use of the Shanghai and Shenzhen Northbound Trading quota, SEHK has put in place a dynamic price checking for buy orders. Buy orders with input prices lower than the current best bid (or last traded price in the absence of current best bid, or previous closing price in the absence of both current best bid and last traded price) beyond a prescribed percentage will be rejected.Jaipur Stock
During Opening Call Auction, the current bid (or previous closing price in the absence of the current bid) will be used for checkingGuoabong Wealth Management. During Closing Call Auction of SZSE, the current bid (or last traded price in the absence of the current bid) will be used for checking. Dynamic price checking will be applied throughout the trading day, from the 5-minute input period before the start of Opening Call Auction until the end of the afternoon Continuous Auction (until the end of the Closing Call Auction for SZSE). SEHK has set the dynamic price checking at 3% during the initial phase and may be adjusted from time to time subject to market conditions.
Under the current PRC rules, foreign investors who trade SSE or SZSE Securities are required to comply with the following foreign shareholding restrictions. Shanghai and Shenzhen Northbound Trading of SSE / SZSE Securities are subject to this restriction :
i. Aggregate foreign investors’ shareholding in an SSE or SZSE Security cannot exceed 30% of the total issued shares
ii. Single foreign investors’ shareholding in an SSE or SZSE Security cannot exceed 10% of total issued shares
Once the SSE / SZSE informs SEHK that the aggregate foreign shareholding in an SSE or SZSE Security reaches 28%, HKEx will stop accepting further buy orders on that SSE or SZSE Security, until shareholding lowers to 26%. If the aggregate foreign shareholding exceeds 30% and the excess is due to Shanghai / Shenzhen Northbound Trading, HKEx will identify the relevant exchange participant (EP) and require it to follow the force-sell requirements. Investor may suffer a loss due to this force-sell arrangement.
Hyderabad Investment