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China

The Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE) are equipped with advanced trading system framework, nation-wide satellite communication network and data transfer network.

 

Trading of B shares was launched in 1992, giving foreign investors accesses to domestic equity market. Since China’s entry into the WTO, domestic investors were also allowed to invest in B-shares using foreign currencies.

  Basic Information

Shanghai Stock Exchange

Trading Hours

Monday - Friday

  • Morning Session

 

Normal Trading Hours1:

9.30am - 11.30am (Singapore’s Time)

 

  • Afternoon Session

 

Normal Trading Hours1:

1.00pm - 3.00pm (Singapore’s Time)

 

Time Difference

GMT +8

Traded Currency

US Dollar

Settlement Currency

Singapore Dollar; US Dollar

Trading Lots

Shares are traded in lots of 100

Type of Order

Limit Order2

Settlement Period

T + 3 market days

Price Quotes*

Delayed: 15 minutes

Use of CPF

No

 

Shenzhen Stock Exchange

Trading Hours

Monday - Friday

·   Morning Session

 

Normal Trading Hours1:

9.30am to 11.30am (Singapore’s Time)

 

  • Afternoon Session

 

Normal Trading Hours1:

1.00pm  to 3.00pm (Singapore’s Time)

 

Time Difference

GMT +8

Traded Currency

Hong Kong Dollar

Settlement Currency

Singapore Dollar; Hong Kong Dollar

Trading Lots

Shares are traded in lots of 100

Type of Order

Limit Order2

Settlement Period

T + 3 market days

Price Quotes*

Delayed: 15 minutes

Use of CPF

No

 

Note:

1 iOCBC does not participate in extended hours trading (Pre-Opening and Pre-Closing).

 

2 All orders submitted are Limit Orders. Limit Order is an order to buy (sell) a specified number of shares at a specified price or better than the order price. A Limit Order having a price equal to the best opposite orders will match with opposite orders at the best price queue residing in the system, one by one according to time priority.

 

* Price quotes on iOCBC are delayed basis. To access the latest price quote, kindly click on the stock name to launch the order ticket.

 

The Electronic Trading Service is provided on an “as is”, “as available” basis only and subject to the  Standard Trading Terms and Conditions.

  Trading Rules of B shares for Shanghai and Shenzhen Stock Exchange

You are not allowed to buy and sell the same stock on the same day unless you have sufficient shares in your account to deliver for your sell order. 

 

For example : If you have made a new purchase today and do not have any holdings in your account, you are only allowed to sell your new purchase on the next trading day.

 

You may wish to make reference to 3.1.4 and 3.1.5 in the ‘Trading Rules for SSE’ and 'Trading Rules for SZSE'

  Minimum Bid Size for trading on China “B” Shares Market

Exchange

Minimum Bid Size

Shanghai “B”

With minimum bid price of US$0.001

Shenzhen “B”

With minimum bid price of HK$0.001

 

  Commission and Fees for trading on China “B” Shares Market

Shanghai "B"

Online

Commission Rate

0.80%

Minimum Commission

USD 45

Foreign Fees Payable:

 

SSE Levy

0.03% on Trading Principal

Clearing Fee

0.05% on Trading Principal

Stamp Duty  (Sell Only)

0.10% on Trading Principal

 

Shenzhen "B"

Online

Commission Rate

1.00%

Minimum Commission

HKD 300

Foreign Fees Payable:

 

SSE Levy

0.0341% on Trading Principal

Bank Charge

HKD 50

Clearing Fee

0.10% on Trading Principal

Stamp Duty  (Sell Only)

0.05% on Trading Principal (max of HKD 500)

 

Note: 
For dealer-assisted rate, please contact your Trading Representative.
Commission is subjected to prevailing Singapore GST (if applicable).

 

Custodian Fees for Foreign Securities held with OCBC Securities

 

The custodian fees for foreign securities are S$2.00 per counter per month. Click here for more details.

 

Note: 

The custodian fees are subject to prevailing Singapore GST (if applicable).

  2012 Securities Trading Holidays

Month

Date

Day

Remarks

January

2-Jan-12*

Monday

New Year's Day

January

3-Jan-12*

Tuesday

New Year's Day

January

23-Jan-12

Monday

Spring Festival

January

24-Jan-12

Tuesday

Spring Festival

January

25-Jan-12

Wednesday

Spring Festival

January

26-Jan-12

Thursday

Spring Festival

January

27-Jan-12

Friday

Spring Festival

April

2-Apr-12

Wednesday

Qing Ming Festival

April

3-Apr-12

Thursday

Qing Ming Festival

April

4-Apr-12

Friday

Qing Ming Festival

April

30-Apr-12

Monday

May Day

May

1-May-12

Tuesday

May Day

June

22-Jun-12

Friday

Dragon Boat Festival

October

1-Oct-12

Monday

National Day

October

2-Oct-12

Tuesday

National Day

October

3-Oct-12

Wednesday

National Day

October

4-Oct-12

Thursday

National Day

October

5-Oct-12

Friday

National Day

 

Note:

* Dates may subject to change.

 

- All dates given here are correct at the time of posting. Some Holidays may differ slightly and are subject to the local official announcement.

DISCLAIMER

Trading in securities can be very risky, and the customer may lose all or more than the amount invested or deposited. This is particularly so when the customer needs to i) make his or her own trading decisions and ii) ensure each trade is specifically suitable for him or her – the only basis for any trading through or with OCBC Securities Private Limited (“OSPL”).  The information provided herein is intended for general circulation/discussion purposes only and may not be published or circulated (in whole/in part) without our written consent. It does not take into account the specific investment objectives, financial situation or particular needs (collectively “Objectives”) of any particular person. Please seek advice from an independent financial adviser regarding the suitability of any trade or investment product taking into account your Objectives before making a commitment to trade or purchase the investment product. If you choose not to seek independent financial advice, please consider whether the trade or product in question is suitable for you. This does not constitute an offer/solicitation to buy/sell/subscribe for any investment products or to participate in any particular trading or investment strategy. Any proposed transaction is subject to the final expression of the terms in the definitive agreement/confirmation. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OSPL and it should not be relied upon as such. OSPL does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OSPL shall not be responsible or liable for any loss or damage whatsoever arising directly/indirectly howsoever in connection with or as a result of any person acting on any information provided herein.

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