1. How can I place order to my account?
You can place your buying or selling order with Account Executive. In addition, online trading clients can control the account via Internet.
2. Can I make deposit on the settlement date?
We accept clients deposit fund not later than the settlement date, T+2, 2 days after the trading date; however, we recommend our clients deposit sufficient funds before trade to avoid charges on unexpected delay. For more detail, please refer to Fund Deposit & Withdrawal session.
3. What is “day trade”? How does it operate?
If you buy and sell the same stock within the same trading day, is called “day trade”. You can sell stocks anytime after the “buy-in” order has been executed. Please check the transaction status via account executive or online trading system.
4. If I want to sell some physical stocks on hand, what I should do?
In order to trade in effectively and efficiently, we suggest you lodge those physical stocks in the securities account before trade. Otherwise, you can place the order with Account Executive first, and lodging in stocks within the next trading day after the order has been executed.
5. Where can I get more information about securities quotation, profile and market flow?
Our Account Executives are glad to provide some reliance and profitable information to clients. And you can also read the daily analysis and research report from Shenyin Wanguo Research (H.K) Limited. (http://www.sywg.com.hk)
6. Can I require any particular quantity on trading?
According to HKEx standards, listing stocks must be traded under “lot” as a multiplier, clients; therefore, cannot have any special request on the quantity.
7. What is Ex-dividend Date? How does the stock price be affected?
In general, ex-dividend date is 2 trading days before the record date (record date will be noticed when dividend declared). Since the dividend will credit as payable on ex-dividend date morning, it will cause a difference between opening price on ex-dividend date and closing price on the day before.
8. What is Warrant?
Warrant, a securities option, gives the right (not obligation) for clients to reserve buying or selling shares on specific value and date. Warrant value will relies on the share price but requested capital is much lesser than ordinary; therefore, clients will have extra profit or lost by this leverage effect. Besides leverage risks, clients may face higher risk on warrant investment than ordinary by the reason of limitations on exercise value and date.
For example, if you bought HSBC warrant for $2 (exercise price $130 and expired on Dec 31, 2005). You can gain the premium if and only if the price on Dec 31, 2005 above $132; otherwise, your warrant will become worthlessness.
9. How many types of warrants are in the market?
Equity warrant: Issued by listed companies
Derivative warrant: Issued by sizable banks and brokerage firms
Call warrant: Price goes up when the underlying stock price is up
Put warrant: Price goes up when the underlying stock price is down
Also there are many other kinds of warrants in the market, please contact your Account Executive for more information.
10. What is the difference between European style and American style warrant?
American style warrant can be exercised on anytime before expired.
European style warrant can be only exercised on expiry date.
11. What is the difference between Main Board and GEM (Growth Enterprise Market)?
The Main Board and the Growth Enterprise Market are two trading platforms of the HKEx securities market.
Main Board is a market for capital formation by established companies with a profitable operating track record or companies meeting alternative financial standards to profit requirement.
Growth Enterprise Market is an alternative market established in November 1999 to provide capital formation opportunities for growth companies from all industries and of all sizes.
For more information, please browser HKEx websites.
12. How can I clarify stocks listed on GEM?
You can identify GME stocks by stock code 8000 to 8999.
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