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Trading Rules

ETFs Dual Currency Trading Mechanism
Trading Method Orders entered through regular brokerage accounts
Trading Unit 1,000 units per ETF share RMB:1,000 units per ETF share
USD:100 units per ETF share
Tick Size Smaller than for regular stock
$0.01 increments for share prices < $50; $0.05 for share prices > $50
Price Fluctuation Limit
  • Domestic Equity ETF underlying set at 10%
  • ETFs with offshore underlying not subject to limit
Trading Hours Same trading session as for regular stock (9:00 – 13:30)
Margin Trading Applicable starting the listing date, eligible for shorting Not available
Day-Trading Applicable starting the listing date Not available
Transaction Tax 0.1%(The levy on securities transaction tax on bond ETFs shall be suspended during the period from January 1, 2017 to December 31, 2026)
Commission Fee Same as regular stock, determined by the broker, but limited to 0.1425%
Create/Redeem Performed through PD with minimum volume
LPs Minimum of 1 designated LP, with obligation to quote
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