Trading Rules
ETFs | Dual Currency Trading Mechanism | |
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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 |
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Price Fluctuation Limit |
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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 |