Trading hours of Hong Kong stocks

1. Pre-open Period (HKT)

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9:15-9:20Only at-auction market orders and at-auction limit orders can be submitted, and orders cannot be withdrawn or modified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 (HKT)

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 (HKT)

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