CCEP/TTEP Circular on SSE and SZSE Trading Rules Consultation
Summary
HKEX has notified China Connect Exchange Participants and Trade-through Exchange Participants that the Shanghai Stock Exchange and Shenzhen Stock Exchange published consultation papers on amendments to their Trading Rules, with the consultation period having concluded on 17 April 2026. The proposed changes include adjusting the trading method for SSE-listed funds during the closing auction period from continuous auction to closing call auction, and increasing the daily price limit for risk alert stocks on the Main Board of both exchanges from 5% to 10%.
“CCEPs and TTEPs are advised to assess the impact of the proposed adjustment on their operations and systems.”
What changed
This circular transmits information about concluded consultation papers from the Shanghai Stock Exchange and Shenzhen Stock Exchange regarding potential amendments to trading rules applicable to Shanghai Connect and Shenzhen Connect. The two proposed changes are: (1) switching the closing auction trading method for SSE-listed funds from continuous auction to closing call auction, and (2) raising the daily price limit for risk alert stocks on the Main Board of both exchanges from 5% to 10%, aligning them with other Main Board stocks.
China Connect Exchange Participants and Trade-through Exchange Participants should monitor for further announcements from SSE and SZSE regarding implementation timelines and testing arrangements, as the specific timing remains to be confirmed.
What to do next
- CCEPs and TTEPs are advised to assess the impact of the proposed adjustment on their operations and systems
Archived snapshot
Apr 20, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
China Connect Exchange Participants ("CCEPs") and Trade-through Exchange Participants ("TTEPs") are advised that Shanghai Stock Exchange ("SSE") and Shenzhen Stock Exchange ("SZSE") published consultation papers (in Chinese only) on the amendment of the Trading Rules. The consultation period concluded on 17 April 2026 (Friday). The consultation proposed several changes to the current trading arrangements, some of which may be applicable to Shanghai Connect and Shenzhen Connect respectively. These include the following:
Adjusting the trading method for SSE-listed funds during the closing auction period from
continuous auction to closing call auction, aligning it with SSE-listed stocks.Increasing the daily price limit for risk alert stocks on the Main Board of SSE and SZSE from
5% to 10%, aligning it with the price limit applicable to other Main Board stocks. CCEPs and TTEPs are advised to assess the impact of the proposed adjustment on their operations and systems. Further details, including implementation timeline and testing arrangements, will be announced once confirmed by SSE and SZSE.
Chan Wai Hung Senior Vice President Trading Department Operations Division
All calls to and from the Participant General Enquiry Hotline may be recorded. HKEX Privacy Policy 1 Statement is available here.
香 港 聯合交易所有 限公 司
CONSULTATION ON THE TRADING RULES AMENDMENT OF SHANGHAI Subject: (香港交易及結算所有限公司全資附屬公司) 通告 CIRCULAR 日期 THE STOCK EXCHANGE OF HONG KONG LIMITED 編號 20/04/2026 STOCK EXCHANGE AND SHENZHEN STOCK EXCHANGE Participant General Enquiry Hotline (Tel: 2840 3626 E-mail: trd@hkex.com.hk) Enquiry: CT/055/26 Date: Ref. No.: (A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
This circular has been issued in the English language with a separate Chinese language translation. If there is any conflict in the circulars between the meaning of Chinese words or terms in the Chinese language version and English words in the English language version, the meaning of the English words shall prevail.
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Source document text, dates, docket IDs, and authority are extracted directly from HKEX.
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