Stock Paper Trading Rules

1. Paper trading is available for four markets: the Hong Kong stock market, the US stock market, the Singapore stock market, and the Japan stock market. To open a virtual account, simply tap the "Get Now" button for the market you want to trade in. Each virtual account starts with an initial balance of HK$1 million, US$1 million, US$1 million, or JP￥20 million.

2. The product types you can paper trade are limited to stocks, warrants, CBBCs, and other products listed on the Hong Kong Stock Exchange for the Hong Kong stock market, and to stocks for the US stock market, and the Singapore stock market and the Japan stock market.

3. Trading hours: Hong Kong stock market: 9:30 AM-12:00 PM, 1:00 PM-4:00 PM (Hong Kong Time); US stock market: 9:30 AM-4:00 PM (Eastern Time); Singapore stock market: 9:00 AM-12:00 PM, 1:00 PM-5:00 PM (Singapore Time); Japan stock market: 9:00 AM–11: 30 PM, 12:30 PM–3:00 PM (Japan Standard Time).

4. Paper trading supports dividends and bonus shares, but is not available for IPO shares subscription, rights issue, or placement.

5. Paper trading adopts the rules of order matching. The highest bid (best bid) and the lowest ask (best ask) are the best prices for matching. A buy order at a price higher than the best bid or a sell order at a price lower than the best ask satisfies the matching conditions and will be automatically queued for execution.

6. The paper trading system may not necessarily be consistent with the real stock market. In case of any inconsistency, data in the paper trading system shall prevail.

7. If you hold the stock of a listed company that is delisted for any reason, you may no longer trade such stock in later trading days, and the system will return the virtual funds to your virtual account at the last closing price.

8. Paper trading fees do not reflect actual trading fees due to the nature of paper trading. For actual investments, please refer to the fee standards in the official trading environment.