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Trading hours of Hong Kong stocks - trading rules

Except for public holidays and the market closure due to bad weather, the Hong Kong stock market generally trades from Monday to Friday. The trading hours are as follows:

1. Pre-open Period

Time periodTrading Rules
Enter order 9:00-9:15Submit, modify, and cancel auction market orders and auction limit orders
Non-cancellable 9:15-9:20Only at-auction market orders and at-auction limit orders can be submitted, and orders cannot be withdrawn or modified
Random match period 9:20-9:22 (match will start randomly at 9:20-9:22 at the final reference equilibrium price)Conduct matchmaking during auction period
Pause period, from random match period ends to 9:30At-auction order: Incomplete order will be cancelled by the system; At-auction limit order: If the input price range of an incomplete order does not deviate from the nominal price by nine times or more, it will be converted to a limit order and automatically transferred to the continuous trading session


2. Continuous Trading Hours

Time periodBeijing Time
Morning market9:30-12:00
Closed at noon12:00-13:00
Afternoon market13:00-16:00

Note: Order modification is not allowed during the closed at noon, and order cancellation is allowed from 12:30-13:00.


3. Closing Auction Trading Session

Time periodTrading Rules
Closing auction period 16:00-16:01      Calculate and publish reference price; orders cannot be submitted
Enter order 16:01-16:06You can submit, modify, and cancel at-auction market orders and auction limit orders. The price limit of auction limit orders shall not exceed ±5% of the reference price
Non-cancellable 16:06-16:08At-auction market orders and at-auction limit orders can be submitted, and cannot be cancelled or changed; the input price of at-auction limit orders must be between the lowest selling price and the highest bidding price
Random closing 16:08-16:10At random closing time, at-auction market orders and at-auction limit orders can still be submitted, and cannot be cancelled or changed; the input price of auction limit orders must be between the lowest selling price and the highest bidding price