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Securities Settlement

1.      When is the settlement date in Hong Kong market?

According to HKEX rules, all trades must be settled on T+2 (within 2 trading days).

 

2.      Can I sell some physical stock which I am holding before I lodge those stocks in my securities account?

Yes, you can sell your physical stocks first and lodge those stocks to CCASS via us on the next business day after trading. According clearing house rules, you must ensure that you have sufficient positions for settlement. Otherwise, you will be enforced and obligated the extra costs to buy-in stocks by any failure. Unlike the normal trading, physical stock takes 10 working days to complete process. You can only use those non-withdrawal credits on trading within the processing period.

 

3.      How can I transfer my stocks from another securities dealer/ bank to China Galaxy?

If you want to transfer stocks between brokers, please fill our “SI instruction form”, fax to us at (852) 3698 6951 and notify the other broker.  After verifying your signature, we will arrange the transfer.