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Hong Kong stock basics: What are the trading rules?
What is Hong Kong Stock Exchange (HKG)?
The Hong Kong Stock Exchange is a member of the HKEX Group and a leading global exchange company listed in Hong Kong.
One of the world's largest securities markets by market capitalization, the Hong Kong Stock Exchange traces its origins to the founding of China's first formal securities market, the Association of Stockbrokers in Hong Kong, in 1891.
HK stock market - Trading and Settlement Rules
Rule 1: T+0 Trading
Hong Kong stocks follow「T+0」trading rule -- stocks purchased at any time in the trading period can be sold in real-time, and there is no limit on the number of shares sold.
After buying/short selling stocks, if investors realize they have made a trading mistake, they can always sell/buy back stocks in time to avoid risks and losses.
Rule 2: T+2 Settlement
Hong Kong stocks follow「T+2」settlement rule -- for stocks traded today (T0), the securities company and the clearinghouse must complete the settlement of funds and stocks on the second trading day after each transaction with the central clearing system(T+2).
For example, if T0 is Monday, the settlement will be completed on Wednesday; if T0 is Thursday, and the settlement will be completed next Monday.
I know nothing about HK stocks. What can I trade?
On moomoo app, investors can trade nearly 3,000 Hong Kong stocks, including shares of Tencent, Alibaba, Kuaishou Technology, and some of the most well-known companies listed in Hong Kong.
Hang Seng Index
How to filter HK stocks by specific ratios?
On moomoo app:
1. Open moomoo app and enter the "Markets" tab on top of page
2. Enter the "HK" subtab
3. Scroll down the page and find "All HK Stocks"; click on the title
4. On the next page, filter all tradable HK stocks by ratios
On moomoo desktop:
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