Australian Stocks
US Stocks
Hong Kong ADRs
Options
HK Stocks
About pre-opening
What is the market volatility regulation mechanism (VCM)
What is the closing auction trading period (CAS)
Hong Kong stocks advanced overall market (SF) introduction
What is Hong Kong stock LV2 and the Hong Kong BMP
How to invest in the Hong Kong stock Exchange
Market description of HK options
Canadian Stocks
Singapore Stocks
MY Stocks
A-shares
Stock Connect
Futures
Funds
Index
Crypto
The closing bidding trading period (CAS) is divided into four stages from 16:00 to 16:10: the reference price pricing period (1 minute), the input trading time (5 minutes), the irrevocable period (2 minutes), and the random closing time (2 minutes).
[Reference price pricing (16:00 to 16:01)]
Reference price: calculation and publication
Order modification: cannot enter, cancel and change
[Enter order period (16:01 to 16:06)]
Price limit: ±5% of the reference price
Order type: At-auction order, At-auction limit order
Order modification: input, cancel and change
[Irrevocable period (16:06 to 16:08)]
Price limit: between the lowest selling price and the maximum
Order type: At-auction order, At-auction limit order
Order modification: input, cancel and change
[Random closing time (16:08 to 16:10)]
Price limit: between the lowest selling price and the maximum
Order type: At-auction order, At-auction limit order
Order modification: input, cancel and change
Note: The actual closing time is randomly determined by the system.
[Phase I]
1. Major index components: the Hang Seng Composite large Stock Index and the Hang Seng medium-sized Stock Index, with H shares corresponding to A shares;
2. All exchange-traded funds.
[Phase II] (currently applicable)
1. The list of securities was expanded to include stocks in the Hang Seng Composite Index;
2. The second stage includes the scope of application of the first stage.
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