Börse Hongkong

Auszug aus den Börsenusancen

Bitte beachten Sie, dass die angeführten Börsenusancen nur einen Auszug darstellen und sich ändern können. Die vollständigen Börsenusancen liegen direkt bei der Börse auf. Jegliche Haftung unsererseits im Zusammenhang mit den angeführten Börsenusancen ist ausgeschlossen.
 

Allgemeine Informationen
Börsenname Hong Kong Stock Exchange (HKSE)
Börsensitzung 10:00 Uhr bis 16:00 Uhr Ortszeit; 03:00 - 09:00 Uhr (MEZ)
Versammlungsart Parkettbörse (Präsenzbörse)
Börsenart geregelte Finanzbörse
Kursnotiz Stücknotiz (Aktien)
Börsenwährung Honkong-Dollar
Limitarten Betrag, Bestens
Mögliche Limitzusätze -
Mögliche Gültigkeiten Monatsultimo
Tagesgültig
Valuta Schlusstag + 3 Werktage

Börsenfeiertage

An folgenden Tagen findet kein Börsenhandel statt. Bitte beachten Sie, dass sich manche Feiertage vom Datum her verschieben können.
 

Datum Feiertag
1. Jänner New Year's Day
03. Februar Lunar Neujahr
04. Februar Tag nach Lunar Neujahr
05. April Ching Ming Festival
22. April Karfreitag
25. April Ostermontag
02. Mai Labour Day
10. Mai Buddhas Geburtstag
06. Juni Tuen-Ng-Festival
01. Juli Tag der Sonderverwaltungszone
13. September Chinese Mid-Autumn Festival
05. Oktober Chung Yeung Festival
26. Dezember 1. Weihnachtsfeiertag
27. Dezember 2. Weihnachtsfeiertag

Bitte beachten Sie auch die Orderrichtlinien!

MARKET:
The Stock Exchange of Hongkong, Ltd.
P.O. Box 8888
First Floor
One & Two-Exchange Square, Central Hongkong
Telephone (852) 2522 1122
Fax: 852-2810-4475
Email: info@sehk.com.hk

HOURS:
Pre-opening session: 09:30 am – 10:00 am
Continuous Trading Session: 10:00 am – 12:30 pm
02:30 to 04:00 pm, Monday to Friday


PRICING FREQUENCY:
Bloomberg receives prices for Hongkong stocks through a live feed from the exchange. Stocks are usually quoted in the Hongkong Dollar currency.

CLOSING PRICE:
If the final IEP (Indicative Equilibrium Price) of a security can be established at the end of CAS (Closing Auction Session), auction orders for that security will be executed in order type, price and time priority at the final IEP, and such final IEP will become the closing price of that particular security.

On the other hand, if no final IEP can be established, no order matching will occur and the median of the five snapshots of nominal prices taken during the last minute of the preceding Continuous Trading Session will be taken as the closing price.

TRADING SYSTEM:
The SEHK operates an order driven trading system. Clients call up their broker and place an order. The broker then calls the floor trader who inputs the order via computer. This computerised trading system is known as Automatic Order Matching and Execution System (AMS). Stocks are divided into two categories: automatch and non-automatch stocks. In January 1996, a second terminal was developed that was installed in exchange member offices. This terminal has a fully electronic trading platform.

SETTLEMENT & TRANSFER:
The settlement period for the SEHK is on a T+2 basis. The Hongkong Securities Clearing Company (HKSCC) acts as the go between for brokers and other financial institutions in settling transactions. There is a computerised book entry clearing and settlement system, (CCASS), to electronically record receipt and delivery of shares between stock accounts.

TYPES OF SECURITIES:
Common, preference, preferred common and convertible stocks, bonds, unit trusts, rights and warrants are trades on the exchange.

REPORTING REQUIREMENTS FOR LISTED COMPANIES:
Listed companies are required to disclose to their shareholders and the Exchange dividend information, announcements concerning profits and losses and anything that may affect their financial position. Directors’ reports must disclose information on the company’s and each director’s bank loans and other borrowings and each director’s beneficial interest in the share capital of the company.

LIMITATIONS:
Short sales are permitted subject to restrictions and requirements of local regulations. Short selling is permitted on designated stocks through exchange members, orders to be flagged and “coverd” shortsale confirmation required.

LISTING REQUIREMENTS:
Companies must meet a 3 year profit requirement for listing on the exchange. This profit requirement is HK$20 million in the most recent year and HK$30 million for the preceding 2 years. Other listing requirements include: amount of capital offered to the public, details on assets and liabilities and the future of the company.

COMISSION ON SECURITY SALES:
There is a transaction levy of 0.007 %. There is a stamp duty of 0.1 % of the transaction amount. Further there is a transfer fee of HKD 2.50 per share.

TAX IMPLICATIONS FOR THE NON HONGKONG INVESTOR:
There is no tax on dividends or capital gains in Hongkong.

UNRESTRICTED MARKET:
Long: Cash Equity, Swaps
Short: Cash Equity, Swaps

TRADING FEE & TARIFF
The Exchange charges a Trading Fee of 0.005%. The Exchange Traded Options, Pilot Program and iShares MSCI China Tracker Market Maker transactions do not incur a Trading Fee. For every purchase or sale transaction, a trading tariff of HK$0.50 is payable to the Exchange.

INDICES:
Share price performance on the SEHK is measured by the Hang Seng Index (HSI). The HIS is a cap-weighted index comprised of 39 stocks. To serve as the most representative benchmark as a basis for index-linked derivative products, the number of constituents will increase gradually to a maximum of 50. This Index is divided into 4 sub-indices: Financial, property, utilities and commerce.

IMPLICATIONS FOR FOREIGN INVESTORS:
Companies involved in television broadcasting (with the exception of satellite broadcasting), are subject to a 49% limit on foreign ownership. This is the only limit.

GENERAL INFORMATION:
Securities trading began in Hongkong in 1866 although the first exchange was not formed until 1891. In 1914 the name changed to Hongkong Stock Exchange from the Association of Stockbrokers in Hongkong. In 1921, a second exchange was formed called the Hongkong Stockbrokers Association. The two exchanges were formed. Prompted by a market crash in 1973 a group was formed that led to the unification of all 4 exchanges into the present day SEHK on July 7, 1980.

The Securities & Futures Commission (SFC) is considered the supervisory body.

Listing Requirements for GEM Market

•1) Have actively pursued a focused line of business
2) The new applicant must be incorporated under the laws of Hongkong, the PRC, Bermuda or the Cayman Islands.
3) The new applicant must set out its business objectives and explain how it proposes to achieve them over the Period.
4) The promising growth enterprises may not always have achieved a past profit record, the GEM Listing Rules do not impose a profit requirement on listing applicants.
5) Other requirements include operating history, minimum public float and corporate governance.

General Information of the Growth Enterprise Market (GEM):
The Growth Enterprise Market (GEM) is a market operated by the Stock Exchange of Hongkong and governed by the Board of the Stock Exchange of Hongkong. A great number of enterprises in Hongkong have goog business ideas and growth potential may not always be able to fulfil the profitability/track record requirements of the main board of the Stock Exchange of Hongkong. GEM is designed to bridge the gap.

Additional note for Indices:
The S&P/HKEx GEM Index is a free float market capitalization weighted index designed to measure the performance of the Growth Enterprise Market (GEM). The index consists of stocks that meet strict liquidity guidelines.

Circuit Breakers information:
There is no Circuit Breakers applying to HKEx.
HKEx executives have concluded that circuit breakers do not appear to be appropriate for the Stock Exchange or the Futures Exchange. HKEx believes the mandatory closing of the markets solely because of volatility may be counterproductive and have other unintended consequences in the markets that would outweigh any benefits.

Half Day trading hours:
-For Securities: Half day hours 09:30 am – 12:30 pm
-Closing time of Stock Index Futures and Options and Stock Futures for half-day trading will be 12:30 pm
-Closing time of HIBOR Futures, Three Year Exchange Fund Note Futures and Gold Futures for half-day trading will be 12:00 pm