English
Back
Download
Need Help?
Log in to access Online Inquiry
Back to the Top

Corporate Actions and Exceptional Events Affecting Grey Market Trading

1. Cancellation of Listing

If the IPO is cancelled, all grey market trades in the relevant stock will be cancelled and deemed void.
Any funds deducted in connection with the grey market transactions, including transaction fees, commissions, and any affected securities, will generally be returned to the client's account within one trading day following the cancellation of the listing.

2. Postponement of listing

Pre-market delayed listing: the cancellation of the pre-IPO market session will be delayed to the trading day before the latest listing day.
Intraday delayed listing: orders that have been filled are considered valid and will be settled normally at L+2, while unfilled orders will be canceled.
After-hours delayed listing: reserve the filled orders
Note: L is Listing Day, L+2 means the second trading day after the listing day

3. Modification clauses and rules

Changes to the IPO's terms and conditions will generally not affect grey market trading, unless such changes result in the cancellation or postponement of the listing.
Trading arrangements during typhoons and black rainstorms:
Where the Hong Kong Observatory issues a Typhoon Signal No. 8 or above, a Black Rainstorm Warning, or where the Hong Kong Government announces an "Extreme Conditions" situation, grey market trading services will continue to operate and remain available.

 

Market Insights
Hot AI Stocks
Crypto Stock Picks
Unlock Now
ARK ETFs
Unlock Now