www.hkex.com.hk
Open in
urlscan Pro
2.21.172.120
Public Scan
URL:
https://www.hkex.com.hk/Services/Trading-hours-and-Severe-Weather-Arrangements/Severe-Weather-Arrangements/Trading?sc_la...
Submission: On August 25 via api from SG — Scanned from DE
Submission: On August 25 via api from SG — Scanned from DE
Form analysis 1 forms found in the DOM
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<script src="/assets/js/jquery.min.js?v=20211105150728" type="text/javascript"></script>
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<script>
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// For returning the access token
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// ----- THIS IS A SAMPLE IMPLEMENTATION -----
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<div id="lhkexw-marketmarquee" class="en" style="">
<div class="marquee_outer">
<div class="container">
<div class="marquee_wrapper">
<div class="marquee_wrapper_left">
<div class="btn_marquee_more" data-more="Latest Market Data" data-close="Close">Latest Market Data</div>
</div>
<div class="marquee_wrapper_right">
<div class="market_marquee">
<div class="marqueeInfo" ric=".HSI">
<div class="col_name">Hang Seng Index</div>
<div class="col_last">19,268.74</div>
<div class="col_change">- (<span>-</span>)</div>
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<div class="marqueeInfo" ric=".HSCE">
<div class="col_name">HSCEI</div>
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<div class="col_change">- (<span>-</span>)</div>
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<div class="marqueeInfo" ric=".HSTECH">
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<div class="col_change">- (<span>-</span>)</div>
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<div class="col_change downval">-9.27 (<span>-0.40%</span>)</div>
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<div class="marqueeInfo" ric=".VHSI">
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<div class="col_change">- (<span>-</span>)</div>
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<div class="marqueeInfo" ric=".CSI300">
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<div class="col_last">4,061.13</div>
<div class="col_change downval">-21.29 (<span>-0.52%</span>)</div>
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<div class="col_change downval">-16.42 (<span>-0.29%</span>)</div>
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<div class="col_last">6.8626</div>
<div class="col_change downval">-0.0125 (<span>-0.18%</span>)</div>
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<div class="col_last">79.7380</div>
<div class="col_change downval">-0.0420 (<span>-0.05%</span>)</div>
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<div class="marqueeInfo" ric=".HKGDRSP">
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<div class="col_last">1,444.2145</div>
<div class="col_change">0.0000 (<span>0.00%</span>)</div>
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<div class="marqueeInfo" ric=".HKGDUSP">
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<div class="col_last">1,442.6989</div>
<div class="col_change downval">-5.1507 (<span>-0.36%</span>)</div>
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</div>
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<div class="rightpane">
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</tr>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</tbody>
</table>
<table class="derivativesTable" data-der="fx">
<tbody>
<tr>
<th colspan="4" class="derivativesType"></th>
</tr>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</tbody>
</table>
<table class="derivativesTable commoditiesTable" data-der="commodities">
<tbody>
<tr>
<th colspan="4" class="derivativesType"></th>
</tr>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
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<li class="period p3m" id="p3m"></li>
<li class="period p6m" id="p6m"></li>
<li class="period ytd" id="ytd"></li>
<li class="period p1y" id="p1y"></li>
<li class="period p2y" id="p2y"></li>
<li class="period p5y" id="p5y"></li>
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<div class="lastdate">-</div>
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<a href="https://www.lme.com/" title="LME" target="_blank" class="menu_btn_container w-inline-block" rel="noreferrer noopener">
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<div>LME</div>
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<div>QME</div>
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<a href="/Join-Our-Market/IPO/GEM?sc_lang=en" title="GEM" target="_blank" class="menu_btn_container w-inline-block" rel="noreferrer noopener">
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<div>Sustainable & Green Exchange (STAGE)</div>
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<div class="menu_container_in _1st ">
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<a href="#" title="Our Products" target="_self" class="">
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<div>
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<div class="menu_container_in _2nd">
<div class="menu_btn_container"><a href="#" title="Securities" target="_self" class="">
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<div>Securities</div>
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<a href="/Services/Trading/Securities/Overview/Trading-Mechanism?sc_lang=en" title="Overview" target="_self" class="menu_btn_container w-inline-block">
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<div class="menu_btn_container"><a href="#" title="Derivatives" target="_self" class="">
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<div class="menu_container_in">
<a href="/Services/Trading/Derivatives/Overview/Trading-Mechanism?sc_lang=en" title="Overview" target="_self" class="menu_btn_container w-inline-block">
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<a href="/Services/Trading/Derivatives/Infrastructure/HKATS?sc_lang=en" title="Infrastructure" target="_self" class="menu_btn_container w-inline-block">
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<div>Infrastructure</div>
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<div class="menu_btn_container"><a href="#" title="Connectivity" target="_self" class="">
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<div>Connectivity</div>
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<div class="menu_container_in">
<a href="/Services/Connectivity/Hosting-Services?sc_lang=en" title="Hosting Services" target="_self" class="menu_btn_container w-inline-block">
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<a href="/Services/Connectivity/SDNet_2?sc_lang=en" title="SDNet/2" target="_self" class="menu_btn_container w-inline-block">
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<div>SDNet/2</div>
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<div class="menu_btn_container"><a href="#" title="Market Data Services" target="_self" class="">
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<div>Historical Data Services</div>
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<a href="/Services/Market-Data-Services/Infrastructure?sc_lang=en" title="Infrastructure" target="_self" class="menu_btn_container w-inline-block">
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<div>Infrastructure</div>
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<div class="menu_container_in _2nd">
<div class="menu_btn_container"><a href="#" title="Rules, Forms & Fees" target="_self" class="">
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<div>Rules, Forms & Fees</div>
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<h2><span id="pagecontent_0_educationcontent_0_lblTitle">Severe Weather Arrangements</span></h2>
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<section id="pagecontent_0_educationcontent_0_resourcecontainer_0_common_content_section">
<div class="section__title-left-border"> Trading </div>
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<div class="common_panel_content">
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<p style="text-align: justify;"><span>If a Typhoon Signal or Black Rainstorm Warning has been issued by the Hong Kong Observatory, please refer to news reports through the electronic news media or messages disseminated through
HKEX's market systems on the current signal/ warning’s impact on trading. </span></p>
<p class="spanHeading" style="text-align: justify;"><span>The Hong Kong Government may also issue an announcement on Extreme Conditions in the event of, for example, serious disruption of public transport services, extensive
flooding, major landslides or large-scale power outage or any other adverse conditions before Typhoon Signal No. 8 or above is replaced with Typhoon Signal No. 3 or below. When Extreme Conditions are in force (i.e. the
two-hour period after cancellation of Typhoon Signal No. 8), the Government will review the situation and further advise the public by the end of the two-hour period whether Extreme Conditions will be extended or
cancelled.</span></p>
<p class="spanHeading" style="text-align: justify;"><span>The following features the key trading arrangements during and after Typhoons, Extreme Conditions and Black Rainstorms for the public’s easy reference.</span></p>
<p><span> </span></p>
<h2 class="monthlyHighlight__subHeader">Securities Market</h2>
<h3 class="monthlyHighlight__subTitle"></h3>
<table class="ms-rteTable-5" style="width: 100%;">
<tbody>
<tr class="ms-rteTableOddRow-5">
<td class="ms-rteTableOddCol-5" style="width: 5%; text-align: left; vertical-align: top;"><strong>(a)</strong></td>
<td style="width: 95%;"><strong><span style="text-decoration: underline;">Typhoon Signal No. 8 (or above)/ Extreme Conditions/ Black Rainstorm Warning are issued before commencement of the Pre-opening Session
(</span><span style="text-decoration: underline;">The text in all cells should be read together with the text in the first cell of the first column.)</span></strong></td>
</tr>
</tbody>
</table>
</div>
<div class="sticky-wrap table-wrapper table migrate stickysort-header-table scroll-table-enabled" data-sticky-menu-show="false">
<table width="100%" class="table migrate stickysort-header-table scroll-table-enabled sticky-enabled" role="grid" cellspacing="0" style="width: 600px; min-width: 100%;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0">
<span>If the signal/ Extreme Conditions/ warning are issued before the commencement of the Pre-opening Session </span><span><span style="text-decoration: underline;">AND</span>:</span><span></span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span>Typhoon Signal No. 8 or above/ Extreme Conditions</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
<tbody>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<span><strong><span><strong>Signal/ Extreme Conditions/ warning discontinued at or before 7:00 am</strong></span></strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2">
<span></span><span>Trading will take place as usual.</span>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<span><strong><span><strong><strong><strong>Signal/ Extreme Conditions/ warning </strong></strong>discontinued after 7:00 am and at or before 9:00 am</strong></span></strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2">
<p class="spanHeading"><span>The Pre-opening Session will be cancelled. The Morning Session will begin on the first half hour at least two hours after the discontinuation of the signal/ Extreme Conditions/
warning. </span></p>
<p><span> (Examples: If the signal/ Extreme Conditions/ warning are discontinued at 7:15 am, the Morning Session will begin at 9:30 am. If the signal/ Extreme Conditions/ warning are discontinued at 7:30 am, the
Morning Session will begin at 9:30 am.)</span>
</p>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<span><strong><span><strong><strong><strong>Signal/ Extreme Conditions/ warning </strong></strong>discontinued after 9:00 am and at or before 11:00 am</strong></span></strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2">
<span></span><span>The Pre-opening Session and the Morning Session will be cancelled. The Afternoon Session will take place as usual at 1:00 pm.</span>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<span><strong><span><strong><strong><strong>Signal/ Extreme Conditions/ warning </strong></strong>discontinued after 11:00 am and at or before 11:30 am</strong></span></strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2">
<span></span><span>The Pre-opening Session and the Morning Session will be cancelled. The Afternoon Session will begin at 1:30 pm.</span>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;"><span><strong><span><strong><strong><strong>Signal/ Extreme Conditions/ warning </strong></strong>discontinued after 11:30 am and at or before 12:00
noon</strong></span></strong></span></td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2"><span>The Pre-opening Session and the Morning Session will be cancelled. The Afternoon Session will begin at </span><span>2:00 pm</span><span>.</span>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;"><span><strong><span><strong><strong><strong>Signal/ Extreme Conditions/ warning </strong></strong>discontinued after 12:00 noon</strong></span></strong></span></td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2"><span>No trading for the day.</span></td>
</tr>
</tbody>
</table>
<div class="sticky-thead sticky-head-hide" style="width: 1029.14px;">
<table class="migrate__skip-sticky table migrate stickysort-header-table scroll-table-enabled" style="width: 1029.14px;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 411.656px;">
<span>If the signal/ Extreme Conditions/ warning are issued before the commencement of the Pre-opening Session </span><span><span style="text-decoration: underline;">AND</span>:</span><span></span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 451.969px;">
<span>Typhoon Signal No. 8 or above/ Extreme Conditions</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 165.516px;">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
</table>
</div>
</div>
<p> </p>
<div>
<table style="width: 100%;">
<tbody>
<tr>
<td style="width: 5%; text-align: left; vertical-align: top;"><span style="text-decoration: underline;"><strong>(b)</strong></span></td>
<td style="width: 95%;"><strong>
<span style="text-decoration: underline;">Typhoon Signal No. 8 (or above)/ Extreme Conditions/ Black Rainstorm Warning are issued during the Pre-opening Session</span></strong></td>
</tr>
</tbody>
</table>
</div>
<div class="sticky-wrap table-wrapper rowspanTable table migrate migrate-table__merge stickysort-header-table scroll-table-enabled" data-sticky-menu-show="false">
<table width="100%" class="rowspanTable table migrate migrate-table__merge stickysort-header-table scroll-table-enabled sticky-enabled" role="grid" cellspacing="0" style="width: 600px; min-width: 100%;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0">
<span></span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span>Typhoon Signal No. 8 or above/ Extreme Conditions</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
<tbody>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<span><strong>If the signal/ Extreme Conditions/ warning are issued during the Pre-opening Session </strong> </span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 30%;">
<p class="spanHeading"><span>Trading in the securities market will be terminated at the end of the Pre-opening Session.</span></p>
<p><span> Please refer to Table (a) above for resumption of trading after the discontinuation of the signal/ Extreme Conditions.</span></p>
</td>
<td class="ms-rteTableOddCol-2" style="width: 30%;" rowspan="2">
<p>
<span>If there was trading before issuance of the warning, trading will continue until the market close as scheduled. </span>
</p>
<p><span>If there was no trading before the issuance of the warning, trading will resume after the warning is discontinued. For detailed arrangements, please refer to Table (a) above.</span></p>
</td>
</tr>
</tbody>
</table>
<div class="sticky-thead sticky-head-hide" style="width: 1029.14px;">
<table class="migrate__skip-sticky rowspanTable table migrate migrate-table__merge stickysort-header-table scroll-table-enabled" style="width: 1029.14px;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 411.656px;">
<span></span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 308.734px;">
<span>Typhoon Signal No. 8 or above/ Extreme Conditions</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 308.75px;">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
</table>
</div>
</div>
<p><span></span> <span> </span></p>
<p>
</p>
<p>
</p>
<div>
<table style="width: 100%;">
<tbody>
<tr>
<td style="width: 5%; text-align: left; vertical-align: top;"><span style="text-decoration: underline;"><strong>(c)</strong></span></td>
<td style="width: 95%;">
<span style="text-decoration: underline;"><strong>Typhoon Signal No. 8 (or above)/ Extreme Conditions are issued during the Morning Session or Afternoon Session</strong></span>
</td>
</tr>
</tbody>
</table>
<p><strong></strong>
</p>
<p>
</p>
</div>
<div class="table-wrapper" style="overflow: auto;">
<table width="100%" class="table migrate migrate-table__noheader stickysort-header-table scroll-table-enabled" role="grid" cellspacing="0" style="width: 600px; min-width: 100%;">
<tbody>
<tr role="row">
<td class="ms-rteTableOddCol-4" style="width: 40%;"><strong><span lang="EN-US">If the signal/ Extreme Conditions are issued before 3:45 pm (for full day trading) or 11:45 am (for half day trading)</span> </strong>
</td>
<td class="ms-rteTableEvenCol-4" style="width: 60%; text-align: left;">
<p>
<span lang="EN-US">Trading will terminate 15 minutes after the issuance of the signal/ Extreme Conditions. </span>
</p>
<p><span lang="EN-US" style="text-align: left;"><span lang="EN-US">There will be no Closing Auction Session for that trading day if trading has not been resumed by </span><span lang="EN-US">3:45 pm (for full day trading)
or 11:45 am (for half day trading).</span></span></p>
<p><span lang="EN-US" style="text-align: left;">Please refer to Table(a) above for resumption of trading after the discontinuation of the signal/ Extreme Conditions.</span></p>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-4" style="width: 40%;">
<span lang="EN-US"><strong>If the <strong>signal/ Extreme Conditions are issued</strong> at or after 3:45 pm (for full day trading) or 11:45 am (for half day trading)</strong></span>
</td>
<td class="ms-rteTableEvenCol-4" style="width: 60%;">
<span lang="EN-US">Trading for the day will continue as normal until the end of the Closing Auction Session.</span>
</td>
</tr>
</tbody>
</table>
</div>
<p> </p>
<div>
<table style="width: 100%;">
<tbody>
<tr>
<td style="width: 5%; text-align: left; vertical-align: top;"><strong>(d)</strong></td>
<td style="width: 95%;"><strong><span style="text-decoration: underline;">Black Rainstorm Warning is issued during the Morning Session or Afternoon Session</span></strong></td>
</tr>
</tbody>
</table>
</div>
<div class="sticky-wrap table-wrapper rowspanTable table migrate migrate-table__merge stickysort-header-table scroll-table-enabled" data-sticky-menu-show="false">
<table class="rowspanTable table migrate migrate-table__merge stickysort-header-table scroll-table-enabled sticky-enabled" role="grid" style="width: 600px; min-width: 100%;" cellspacing="0">
<thead>
<tr role="row">
<th class="ms-rteTableOddCol-2" role="columnheader" style="width: 40%;" scope="col" data-column="0">
<span></span>
</th>
<th role="columnheader" style="width: 60%;" scope="col" data-column="0">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
<tbody>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<span><strong>If the warning is issued during the continuous trading sessions</strong></span>
</td>
<td class="ms-rteTableOddCol-2" style="width: 60%;" rowspan="2">
<p>
<span>If there was trading before issuance of the warning, trading will continue until the market close as scheduled. </span>
</p>
<p><span>If there was no trading before the issuance of the warning, trading will resume after the warning is discontinued. For detailed arrangements, please refer to Table (a) above.</span></p>
</td>
</tr>
</tbody>
</table>
<div class="sticky-thead sticky-head-hide" style="width: 1029.14px;">
<table class="migrate__skip-sticky rowspanTable table migrate migrate-table__merge stickysort-header-table scroll-table-enabled" style="width: 1029.14px;">
<thead>
<tr role="row">
<th class="ms-rteTableOddCol-2" role="columnheader" style="width: 411.656px;" scope="col" data-column="0">
<span></span>
</th>
<th role="columnheader" style="width: 617.484px;" scope="col" data-column="0">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
</table>
</div>
</div>
<div>
<p><span></span></p>
<p>
</p>
<p style="text-align: justify;"><span>Note: Stock Connect Northbound trading will be terminated 15 minutes following the issuance of Typhoon Signal No. 8. For details of the trading arrangements for Stock Connect during
Typhoons, Extreme Conditions and Black Rainstorms, please refer to
<a href="https://www.hkex.com.hk/-/media/HKEX-Market/Services/Rules-and-Forms-and-Fees/Rules/SEHK/Securities/Rules/Chap_14a_eng.pdf?la=en&hash=EE208F6EF70EFDC6720E5B540DF61725F149A38944F8AA76538916645D0527EF" tabindex="-1">Chapter 14A.03</a>
and
<a href="https://www.hkex.com.hk/-/media/HKEX-Market/Services/Rules-and-Forms-and-Fees/Rules/SEHK/Securities/Rules/Chap_14b_eng.pdf?la=en&hash=1FDFFB58E2E14F6DA1D5AE657B5F9919B622E240F8C06A52A90412F08407099B" tabindex="-1">Chapter 14B.03</a>
of the Rules of the Exchange.</span></p>
<p><span> </span><span></span></p>
<h2 class="monthlyHighlight__subHeader">Derivatives Market</h2>
</div>
<p><strong><strong><strong><strong>These tables should be read in their entirety. Boxes/columns/rows should not be read separ</strong><strong>at</strong><strong>ely.</strong></strong></strong></strong> </p>
<p><span style="text-decoration: underline;">
</span></p>
<div>
<table style="width: 100%;">
<tbody>
<tr>
<td style="width: 5%; text-align: left; vertical-align: top;"><span style="text-decoration: underline;"><strong>(a)</strong></span></td>
<td style="width: 95%;"><span style="text-decoration: underline;"><strong>Typhoon Signal No. 8 (or above) / Extreme Conditions / Black Rainstorm Warning issued before commencement of the morning pre-market-opening
period</strong></span></td>
</tr>
</tbody>
</table>
</div>
<div class="sticky-wrap table-wrapper table migrate stickysort-header-table scroll-table-enabled" data-sticky-menu-show="false">
<table width="100%" class="table migrate stickysort-header-table scroll-table-enabled sticky-enabled" role="grid" cellspacing="0" style="width: 600px; min-width: 100%;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0">
<span>If the signal/Extreme Conditions/warning are issued before the commencement of the pre-market-opening period <span style="text-decoration: underline;">AND</span>:</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span>Typhoon Signal No. 8 or above / Extreme Conditions</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
<tbody>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<span><strong>Signal/Extreme Conditions/warning remains after 6:30 am</strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2">
<span>The HIBOR Futures, Currency Futures and Options, Gold Futures and Silver Futures have a delayed open and trading will begin two hours</span><sup class="spanHeading"><span>#</span></sup><span> after
the discontinuation of the signal/Extreme Conditions/warning*.</span>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<span><strong>Signal/<strong>Extreme Conditions/</strong>warning remains at or after 7:00 am</strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2"><span>LME Metal Mini Futures, Iron Ore Futures and MSCI Index Futures have a delayed open and trading will begin two
hours<sup class="spanHeading"><span>#</span></sup> after the discontinuation of the signal/Extreme Conditions/warning*.</span></td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<strong>Signal/<strong>Extreme Conditions/</strong>warning remains at or after 7:15 am</strong>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2">
<span>All stock index futures^ and stock index options markets have a delayed open and trading will begin two hours</span><sup class="spanHeading"><span>#</span></sup><span> after the discontinuation of the
signal/Extreme Conditions/warning*.</span>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<strong>Signal/<strong>Extreme Conditions/</strong>warning remains at or after 7:30 am</strong>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2">
<span>Stock futures and stock options markets, and the HSI Volatility Index Futures have a delayed open and trading will begin two hours</span><sup class="spanHeading"><span>#</span></sup><span> after the
discontinuation of the signal/Extreme Conditions/warning*.</span>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<span><strong>Signal/<strong>Extreme Conditions/</strong>warning remains at or after 8:30 am</strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2">
<span>No morning trading sessions for HIBOR futures. Trading will begin two hours<sup class="spanHeading"><span>#</span></sup> after the discontinuation of the signal/Extreme Conditions/warning* or at 1:30 pm,
whichever is later*.</span>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<strong>Signal/<strong>Extreme Conditions/</strong>warning discontinued at or before 9:00 am</strong>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2">
<span lang="EN-US">Except for HIBOR futures, trading will begin two hours<sup class="spanHeading"><span>#</span></sup> after the discontinuation of the signal/Extreme Conditions/warning*.</span>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<strong>Signal/<strong>Extreme Conditions/</strong>warning discontinued after 9:00 am <span>and at or before 12:00 noon</span></strong>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2">
<span>Morning trading session will be cancelled for all derivatives products with morning and afternoon trading sessions. Afternoon trading sessions begin two hours<sup class="spanHeading"><span>#</span></sup> after
the discontinuation of the signal/Extreme Conditions/warning or at 1:00 pm, whichever is later*. Trading of other derivatives products will begin two hours<sup class="spanHeading"><span>#</span></sup> after
the discontinuation of the signal/Extreme Conditions/warning*.</span>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<strong>Signal/<strong>Extreme Conditions/</strong>warning remains after 12:00 noon / discontinued after 12:00 noon</strong>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 60%;" colspan="2">
<span>No trading for the day, including After-Hours Trading. If the signal/Extreme Conditions/warning is discontinued after 5:00pm, no Special Trading Session for HIBOR futures if one had been
declared.</span>
</td>
</tr>
</tbody>
</table>
<div class="sticky-thead sticky-head-hide" style="width: 1029.14px;">
<table class="migrate__skip-sticky table migrate stickysort-header-table scroll-table-enabled" style="width: 1029.14px;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 411.656px;">
<span>If the signal/Extreme Conditions/warning are issued before the commencement of the pre-market-opening period <span style="text-decoration: underline;">AND</span>:</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 452.984px;">
<span>Typhoon Signal No. 8 or above / Extreme Conditions</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 164.5px;">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
</table>
</div>
</div>
<div>
<table width="100%" cellpadding="0">
<tbody>
<tr>
<td valign="top" style="width: 19px;">^</td>
<td valign="top" style="width: 603px;"><span lang="EN-US">Except HSI Volatility Index Futures.</span></td>
</tr>
<tr>
<td valign="top" style="width: 19px;">
<span><sup><sup>#</sup></sup></span>
</td>
<td valign="top" style="width: 603px;">
<span class="spanHeading">Trading will begin on the first half hour at least two hours after the discontinuation of the signal/Extreme Conditions/warning, or from the commencement of the after-hours trading session if
2:00 p.m. is between the day trading session and the after-hours trading session</span>
</td>
</tr>
<tr>
<td valign="top" style="width: 19px;"><span>*</span></td>
<td valign="top" style="width: 603px;"><span>For those futures contracts to which the pre-market-opening period applies, a pre-market-opening period will begin 30 minutes before the indicated time for commencement of
trading. </span></td>
</tr>
</tbody>
</table>
<p> </p>
<table style="width: 100%;">
<tbody>
<tr>
<td style="width: 5%; text-align: left; vertical-align: top;"><strong>(b)</strong></td>
<td style="width: 95%;"><strong><span style="text-decoration: underline;">Typhoon Signal No. 8 (or above) / Extreme Conditions / Black Rainstorm Warning issued during the morning pre-market-opening period/trading
session</span></strong></td>
</tr>
</tbody>
</table>
</div>
<div class="sticky-wrap table-wrapper table migrate stickysort-header-table scroll-table-enabled" data-sticky-menu-show="false">
<table width="100%" class="table migrate stickysort-header-table scroll-table-enabled sticky-enabled" role="grid" cellspacing="0" style="width: 600px; min-width: 100%;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0">
<span> </span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span>Typhoon Signal No. 8 or above/Extreme Conditions</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
<tbody>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<strong>If the signal/Extreme Conditions/warning are issued during the Pre-market Opening Period/<span>Pre-Trading Period</span> </strong>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 30%;"> Market open will be delayed, all order activity will be terminated as practically as possible and no trade will be novated.<sup><span>■</span></sup></td>
<td class="ms-rteTableOddCol-2" style="width: 30%;">
<p>
<span>For securities related derivatives products</span><sup><span>▲</span></sup><span>, if trading on the securities market has not commenced, market open will be delayed, all order activity will be terminated as
practically as possible and no trade will be novated.</span><sup><span>■ </span></sup><span>If trading on the securities market has commenced, trading will commence as usual.</span>
</p>
<p><span></span>
<span>For other derivatives products, market open will be delayed, all order activity will be terminated as practically as possible and no trade will be novated.</span><sup><span>■</span></sup>
</p>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<strong>If the signal/<strong>Extreme Conditions/</strong>warning are issued during the morning trading session</strong>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 30%;"> Trading will be terminated in 15 minutes after the issuance of the signal/Extreme Conditions. <sup><span>■</span></sup> </td>
<td class="ms-rteTableOddCol-2" style="width: 30%;">
<span>Trading will continue as usual.</span>
</td>
</tr>
</tbody>
</table>
<div class="sticky-thead sticky-head-hide" style="width: 1029.14px;">
<table class="migrate__skip-sticky table migrate stickysort-header-table scroll-table-enabled" style="width: 1029.14px;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 411.656px;">
<span> </span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 308.734px;">
<span>Typhoon Signal No. 8 or above/Extreme Conditions</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 308.75px;">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
</table>
</div>
</div>
<div>
<p> </p>
<table width="100%" class="ms-rteTable-5">
<tbody>
<tr class="ms-rteTableOddRow-5">
<td class="ms-rteTableOddCol-5" style="width: 5%;">
<sup><span>▲</span></sup>
</td>
<td class="ms-rteTableEvenCol-5" style="width: 95%;">
<span lang="EN-US">Include stock index futures/options and stock futures/options.</span><span></span>
</td>
</tr>
<tr class="ms-rteTableEvenRow-5">
<td class="ms-rteTableOddCol-5" style="width: 5%;">
<sup><span>■</span></sup>
</td>
<td class="ms-rteTableEvenCol-5" style="width: 95%;">
<span lang="EN-US">Please refer to Table (a) for arrangements on the commencement of trading after the cancellation of signal/Extreme Conditions/warning</span><span></span>
</td>
</tr>
</tbody>
</table>
<p> </p>
<table style="width: 100%;" cellpadding="0">
<tbody>
<tr>
<td style="width: 5%; text-align: left; vertical-align: top;">
<span style="text-decoration: underline;"><strong>(c)</strong></span>
</td>
<td valign="top" style="width: 95%;">
<span style="text-decoration: underline;"><strong>Typhoon Signal No. 8 (or above) / Extreme Conditions issued before or during the Morning Session or Afternoon Session</strong></span>
</td>
</tr>
</tbody>
</table>
<p><strong><span>I. </span></strong><strong><span>For full day trading</span></strong></p>
<p>
</p>
</div>
<div class="sticky-wrap table-wrapper table migrate stickysort-header-table scroll-table-enabled" data-sticky-menu-show="false">
<table width="100%" class="table migrate stickysort-header-table scroll-table-enabled sticky-enabled" role="grid" cellspacing="0" style="width: 600px; min-width: 100%;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0">
<span> </span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span lang="EN-US">Stock Index Futures and Options, Currencies Futures and Options, and Commodities Futures</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span lang="EN-US">HIBOR Futures</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span lang="EN-US">Stock Futures and Options</span>
</th>
</tr>
</thead>
<tbody>
<tr role="row">
<td style="width: 40%;">
<span lang="EN-US"><strong>If the signal/Extreme Conditions are issued before 3:45 pm</strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 30%; text-align: center;" colspan="3">
<span lang="EN-US">Trading will be terminated 15 minutes after the issuance of the signal/Extreme Conditions.</span>
</td>
</tr>
<tr role="row">
<td style="width: 40%;">
<span lang="EN-US"><strong>If the signal<strong>/Extreme Conditions are issued</strong> at or after 3:45 pm but before 4:00 pm</strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 30%; text-align: center;" colspan="2">
<span lang="EN-US">Trading will be terminated at 4:15 pm.</span>
</td>
<td class="ms-rteTableOddCol-2" style="width: 90%; text-align: center;">
<span lang="EN-US">Trading will be terminated 15 minutes after the issuance of the signal/Extreme Conditions.</span>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;"><span lang="EN-US"><strong>If the signal<strong>/Extreme Conditions are issued</strong> at or after 4:00 pm</strong></span></td>
<td class="ms-rteTableEvenCol-2" style="width: 30%; text-align: center;" colspan="3">
<span lang="EN-US">Trading will be terminated 15 minutes after the issuance of the signal/Extreme Conditions.</span>
</td>
</tr>
</tbody>
</table>
<div class="sticky-thead sticky-head-hide" style="width: 1029.14px;">
<table class="migrate__skip-sticky table migrate stickysort-header-table scroll-table-enabled" style="width: 1029.14px;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 400.844px;">
<span> </span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 252.484px;">
<span lang="EN-US">Stock Index Futures and Options, Currencies Futures and Options, and Commodities Futures</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 74px;">
<span lang="EN-US">HIBOR Futures</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 301.812px;">
<span lang="EN-US">Stock Futures and Options</span>
</th>
</tr>
</thead>
</table>
</div>
</div>
<p><span><strong><span>II. </span>For half day trading</strong></span></p>
<p>
</p>
<p>
</p>
<div class="sticky-wrap table-wrapper table migrate stickysort-header-table scroll-table-enabled" data-sticky-menu-show="false">
<table width="100%" class="table migrate stickysort-header-table scroll-table-enabled sticky-enabled" role="grid" cellspacing="0" style="width: 600px; min-width: 100%;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0">
<span> </span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span lang="EN-US">Stock Index Futures and Options, Currencies Futures and Options, and Commodities Futures</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span lang="EN-US">HIBOR Futures</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span lang="EN-US">Stock Futures and Options</span>
</th>
</tr>
</thead>
<tbody>
<tr role="row">
<td style="width: 40%;">
<span lang="EN-US"><strong>If the signal<strong><strong>/Extreme Conditions are issued</strong></strong> before 11:45 am</strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 30%; text-align: center;" colspan="3">
<span lang="EN-US">Trading will be terminated 15 minutes after the issuance of the signal/Extreme Conditions.</span>
</td>
</tr>
<tr role="row">
<td style="width: 40%;">
<span lang="EN-US"><strong>If the signal<strong><strong>/Extreme Conditions are issued</strong></strong> at or after 11:45 am but before 12:00 noon</strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 30%; text-align: center;">
<span lang="EN-US">Trading will be terminated at 12:15 pm.</span>
</td>
<td class="ms-rteTableOddCol-2" style="width: 30%; text-align: center;" colspan="2">
<span lang="EN-US">Trading will be terminated 15 minutes after the issuance of the signal/Extreme Conditions.</span>
</td>
</tr>
<tr role="row">
<td style="width: 40%;"><span lang="EN-US"><strong>If the signal<strong><strong>/Extreme Conditions are issued</strong></strong> at or after 12:00 noon</strong></span></td>
<td class="ms-rteTableEvenCol-2" style="width: 30%; text-align: center;" colspan="3"> <span lang="EN-US">Trading will be terminated 15 minutes after the issuance of the signal/Extreme Conditions.</span></td>
</tr>
</tbody>
</table>
<div class="sticky-thead sticky-head-hide" style="width: 1029.14px;">
<table class="migrate__skip-sticky table migrate stickysort-header-table scroll-table-enabled" style="width: 1029.14px;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 411.656px;">
<span> </span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 308.734px;">
<span lang="EN-US">Stock Index Futures and Options, Currencies Futures and Options, and Commodities Futures</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 118.594px;">
<span lang="EN-US">HIBOR Futures</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 190.156px;">
<span lang="EN-US">Stock Futures and Options</span>
</th>
</tr>
</thead>
</table>
</div>
</div>
<p> </p>
<div>
<table style="width: 100%;" cellpadding="0">
<tbody>
<tr>
<td style="width: 5%; text-align: left; vertical-align: top;">
<span style="text-decoration: underline;"><strong>(d)</strong></span>
</td>
<td valign="top" style="width: 95%;">
<span style="text-decoration: underline;"><strong>Typhoon Signal No. 8 (or above) / Extreme Conditions / Black Rainstorm Warning issued before or during the after-hours trading session</strong></span>
</td>
</tr>
</tbody>
</table>
</div>
<div class="sticky-wrap table-wrapper table migrate stickysort-header-table scroll-table-enabled" data-sticky-menu-show="false">
<table width="100%" class="table migrate stickysort-header-table scroll-table-enabled sticky-enabled" role="grid" cellspacing="0" style="width: 600px; min-width: 100%;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0">
<span> </span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span>Typhoon Signal No. 8 or above/Extreme Conditions</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
<tbody>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<span><strong>If the signal/Extreme Conditions/warning are issued after the end of the day trading session but before the commencement of the after-hours trading session </strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 30%;">
<span>There will be no trading in the after-hours trading session</span>
<span></span>
<span></span>
</td>
<td class="ms-rteTableOddCol-2" style="width: 30%;">
<p>
<span>If there was trading in the day trading session for Stock Index Futures Contracts and Stock Index Option Contracts closing at or after 4:30 p.m., trading of all Stock Index Futures Contracts and Stock Index
Option Contracts in the after-hours trading session will take place.</span>
</p>
<p><span>If there was no trading in the day trading session, for Stock Index Futures Contracts and Stock Index Option Contracts closing at or after 4:30 p.m., there will be no trading in the after-hours trading session
for all Stock Index Futures Contracts and Stock Index Option Contracts.</span>
<span></span>
</p>
</td>
</tr>
<tr role="row">
<td class="ms-rteTableOddCol-2" style="width: 40%;">
<span><strong>If the signal/<strong>Extreme Conditions/</strong>warning are issued during the after-hours trading session</strong></span>
</td>
<td class="ms-rteTableEvenCol-2" style="width: 30%;">
<span>Trading will be terminated 15 minutes after the hoisting of the Signal or announcement of Extreme Conditions and there will be no trading for the rest of the after-hours trading session, except that if the Signal
is hoisted or Extreme Conditions are announced at or after 3:45 p.m. but before 4:00 p.m., trading will be terminated at 4:15 p.m..</span>
</td>
<td class="ms-rteTableOddCol-2">
<span>Trading will continue as normal until the end of the after-hours trading session.</span>
</td>
</tr>
</tbody>
</table>
<div class="sticky-thead sticky-head-hide" style="width: 1029.14px;">
<table class="migrate__skip-sticky table migrate stickysort-header-table scroll-table-enabled" style="width: 1029.14px;">
<thead>
<tr role="row">
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 411.656px;">
<span> </span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 308.734px;">
<span>Typhoon Signal No. 8 or above/Extreme Conditions</span>
</th>
<th align="center" role="columnheader" scope="col" data-column="0" style="width: 308.75px;">
<span>Black Rainstorm</span>
</th>
</tr>
</thead>
</table>
</div>
</div>
<div>
<p> </p>
<p class="spanHeading"><span>For more details about the trading arrangements during and after Typhoons, Extreme Conditions and Black Rainstorms, please refer to the rules and procedures at the following links:</span></p>
</div>
<div class="sticky-wrap table-wrapper table migrate stickysort-header-table scroll-table-enabled" data-sticky-menu-show="false">
<table class="table migrate stickysort-header-table scroll-table-enabled sticky-enabled" style="width: 600px; height: 408px; min-width: 100%;" cellspacing="0" cellpadding="0">
<thead>
<tr>
<th valign="top">
<p style="margin-top: 0px; margin-bottom: 0px;"> </p>
</th>
<th valign="top">
<p style="margin-top: 0px; margin-bottom: 0px;"><strong class="spanHeading"><span>Rules and Procedures</span></strong></p>
<br>
</th>
</tr>
</thead>
<tbody>
<tr>
<td valign="top">
<p class="spanHeading"><span>Securities trading</span></p>
</td>
<td valign="top">
<p class="spanHeading"><span><a href="http://www.hkex.com.hk/eng/rulesreg/traderules/sehk/documents/chap-5_eng.pdf" tabindex="-1">Rule 571</a> of Rules of the Exchange</span></p>
</td>
</tr>
<tr>
<td valign="top">
<p class="spanHeading"><span>Stock Connect Northbound trading</span></p>
</td>
<td valign="top">
<p class="spanHeading">
<span><a href="https://www.hkex.com.hk/-/media/HKEX-Market/Services/Rules-and-Forms-and-Fees/Rules/SEHK/Securities/Rules/Chap_14a_eng.pdf?la=en&hash=EE208F6EF70EFDC6720E5B540DF61725F149A38944F8AA76538916645D0527EF" tabindex="-1">Chapter 14A.03</a>
and
<a href="https://www.hkex.com.hk/-/media/HKEX-Market/Services/Rules-and-Forms-and-Fees/Rules/SEHK/Securities/Rules/Chap_14b_eng.pdf?la=enhttps://www.hkex.com.hk/-/media/HKEX-Market/Services/Rules-and-Forms-and-Fees/Rules/SEHK/Securities/Rules/Chap_14b_eng.pdf?la=en&hash=AD97F3166FEB22692D21AF736F3A1D39FFC178E0A3D8D4F2B1D614B5D2E7FE33" tabindex="-1">Chapter 14B.03</a>
of the Rules of the Exchange</span></p>
</td>
</tr>
<tr>
<td valign="top">
<p class="spanHeading"><span>Stock options trading</span></p>
</td>
<td valign="top">
<p class="spanHeading">
<span><a href="https://www.hkex.com.hk/-/media/hkex-market/services/trading-hours-and-severe-weather-arrangements/severe-weather-arrangements/trading/chap01" tabindex="-1">Section 1.8 and Section 1.9</a> of Operational
Trading Procedures for Options Trading Exchange Participants of the Stock Exchange</span></p>
</td>
</tr>
<tr>
<td valign="top">
<p class="spanHeading"><span>Stock Index Futures and Options</span></p>
</td>
<td valign="top">
<p class="spanHeading"><span><a href="http://www.hkex.com.hk/eng/rulesreg/traderules/hkfe/documents/sifoats-tp.pdf" tabindex="-1">Chapter 5</a> of Trading Procedures </span></p>
</td>
</tr>
<tr>
<td valign="top">
<p class="spanHeading"><span>Stock Futures</span></p>
</td>
<td valign="top">
<p class="spanHeading">
<span><a href="https://www.hkex.com.hk/-/media/HKEX-Market/Services/Rules-and-Forms-and-Fees/Rules/HKFE/Rules/stkfo_tp.pdf?la=en&hash=C7C871CC99AFC8F7DF982F8CD25326E7E28A81A0B176D6C31A63738C548C4082" tabindex="-1">Chapter 5</a>
of Trading Procedures</span></p>
</td>
</tr>
<tr>
<td valign="top">
<p class="spanHeading"><span>HIBOR Futures</span></p>
</td>
<td valign="top">
<p class="spanHeading">
<span><a href="https://www.hkex.com.hk/-/media/HKEX-Market/Services/Rules-and-Forms-and-Fees/Rules/HKFE/Rules/hibor_tp.pdf?la=en&hash=8A833FB15DDB90D60607482BD592F13DD5AC4B879FFEC8C645122E370D5B9473" tabindex="-1">Chapter 5</a>
of Trading Procedures</span></p>
</td>
</tr>
<tr>
<td valign="top">
<p class="spanHeading"><span>Metal Futures</span></p>
</td>
<td valign="top">
<p class="spanHeading">
<span><a href="https://www.hkex.com.hk/-/media/HKEX-Market/Services/Rules-and-Forms-and-Fees/Rules/HKFE/Rules/mtl_tp.pdf?la=en&hash=ABC87ED20405FEEDFEBEA75F73A449199B5577565B85C9B19E2BFD0BBFC91C12" tabindex="-1">Chapter 4</a>
of Trading Procedures</span></p>
</td>
</tr>
<tr>
<td valign="top">
<p class="spanHeading"><span>Currency Futures and Options</span></p>
</td>
<td valign="top">
<p class="spanHeading">
<span><a href="https://www.hkex.com.hk/-/media/HKEX-Market/Services/Rules-and-Forms-and-Fees/Rules/HKFE/Rules/CNH_TP.pdf?la=en&hash=06492C7D6695067BCF8EA06EAA39B7133527ED23EF103BC086A4FA02DBC0FE90" tabindex="-1">Chapter 5</a>
of Trading Procedures</span></p>
</td>
</tr>
</tbody>
</table>
<div class="sticky-thead sticky-head-hide" style="width: 1029.14px;">
<table class="migrate__skip-sticky table migrate stickysort-header-table scroll-table-enabled" style="width: 1029.14px;">
<thead>
<tr>
<th valign="top" style="width: 239.047px;">
<p style="margin-top: 0px; margin-bottom: 0px;"> </p>
</th>
<th valign="top" style="width: 790.094px;">
<p style="margin-top: 0px; margin-bottom: 0px;"><strong class="spanHeading"><span>Rules and Procedures</span></strong></p>
<br>
</th>
</tr>
</thead>
</table>
</div>
</div>
<br>
</div>
<div class="baseholder" style="padding:0px 0px !important;">
</div>
<br style="clear:both;">
</div>
</section>
</div>
</div>
</div>
</section>
</main>
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<h2>FREQUENTLY ASKED QUESTIONS</h2>
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Trading Hours & Severe Weather Arrangements
Severe Weather Arrangements
Trading
Trading
TRADING HOURS & SEVERE WEATHER ARRANGEMENTS
SEVERE WEATHER ARRANGEMENTS
* Trading Hours
* Severe Weather Arrangements
SEVERE WEATHER ARRANGEMENTS
TRADINGCLEARING AND SETTLEMENTOTC DERIVATIVES CLEARING
Trading
If a Typhoon Signal or Black Rainstorm Warning has been issued by the Hong Kong
Observatory, please refer to news reports through the electronic news media or
messages disseminated through HKEX's market systems on the current signal/
warning’s impact on trading.
The Hong Kong Government may also issue an announcement on Extreme Conditions in
the event of, for example, serious disruption of public transport services,
extensive flooding, major landslides or large-scale power outage or any other
adverse conditions before Typhoon Signal No. 8 or above is replaced with Typhoon
Signal No. 3 or below. When Extreme Conditions are in force (i.e. the two-hour
period after cancellation of Typhoon Signal No. 8), the Government will review
the situation and further advise the public by the end of the two-hour period
whether Extreme Conditions will be extended or cancelled.
The following features the key trading arrangements during and after Typhoons,
Extreme Conditions and Black Rainstorms for the public’s easy reference.
SECURITIES MARKET
(a) Typhoon Signal No. 8 (or above)/ Extreme Conditions/ Black Rainstorm Warning
are issued before commencement of the Pre-opening Session (The text in all cells
should be read together with the text in the first cell of the first column.)
If the signal/ Extreme Conditions/ warning are issued before the commencement of
the Pre-opening Session AND: Typhoon Signal No. 8 or above/ Extreme Conditions
Black Rainstorm Signal/ Extreme Conditions/ warning discontinued at or before
7:00 am Trading will take place as usual. Signal/ Extreme Conditions/ warning
discontinued after 7:00 am and at or before 9:00 am
The Pre-opening Session will be cancelled. The Morning Session will begin on
the first half hour at least two hours after the discontinuation of the signal/
Extreme Conditions/ warning.
(Examples: If the signal/ Extreme Conditions/ warning are discontinued at 7:15
am, the Morning Session will begin at 9:30 am. If the signal/ Extreme
Conditions/ warning are discontinued at 7:30 am, the Morning Session will begin
at 9:30 am.)
Signal/ Extreme Conditions/ warning discontinued after 9:00 am and at or before
11:00 am The Pre-opening Session and the Morning Session will be cancelled. The
Afternoon Session will take place as usual at 1:00 pm. Signal/ Extreme
Conditions/ warning discontinued after 11:00 am and at or before 11:30 am The
Pre-opening Session and the Morning Session will be cancelled. The Afternoon
Session will begin at 1:30 pm. Signal/ Extreme Conditions/ warning discontinued
after 11:30 am and at or before 12:00 noon The Pre-opening Session and the
Morning Session will be cancelled. The Afternoon Session will begin at 2:00 pm.
Signal/ Extreme Conditions/ warning discontinued after 12:00 noon No trading for
the day.
If the signal/ Extreme Conditions/ warning are issued before the commencement of
the Pre-opening Session AND: Typhoon Signal No. 8 or above/ Extreme Conditions
Black Rainstorm
(b) Typhoon Signal No. 8 (or above)/ Extreme Conditions/ Black Rainstorm Warning
are issued during the Pre-opening Session
Typhoon Signal No. 8 or above/ Extreme Conditions Black Rainstorm If the signal/
Extreme Conditions/ warning are issued during the Pre-opening Session
Trading in the securities market will be terminated at the end of the
Pre-opening Session.
Please refer to Table (a) above for resumption of trading after the
discontinuation of the signal/ Extreme Conditions.
If there was trading before issuance of the warning, trading will continue until
the market close as scheduled.
If there was no trading before the issuance of the warning, trading will resume
after the warning is discontinued. For detailed arrangements, please refer to
Table (a) above.
Typhoon Signal No. 8 or above/ Extreme Conditions Black Rainstorm
(c) Typhoon Signal No. 8 (or above)/ Extreme Conditions are issued during the
Morning Session or Afternoon Session
If the signal/ Extreme Conditions are issued before 3:45 pm (for full day
trading) or 11:45 am (for half day trading)
Trading will terminate 15 minutes after the issuance of the signal/ Extreme
Conditions.
There will be no Closing Auction Session for that trading day if trading has not
been resumed by 3:45 pm (for full day trading) or 11:45 am (for half day
trading).
Please refer to Table(a) above for resumption of trading after the
discontinuation of the signal/ Extreme Conditions.
If the signal/ Extreme Conditions are issued at or after 3:45 pm (for full day
trading) or 11:45 am (for half day trading) Trading for the day will continue as
normal until the end of the Closing Auction Session.
(d) Black Rainstorm Warning is issued during the Morning Session or Afternoon
Session
Black Rainstorm If the warning is issued during the continuous trading sessions
If there was trading before issuance of the warning, trading will continue until
the market close as scheduled.
If there was no trading before the issuance of the warning, trading will resume
after the warning is discontinued. For detailed arrangements, please refer to
Table (a) above.
Black Rainstorm
Note: Stock Connect Northbound trading will be terminated 15 minutes following
the issuance of Typhoon Signal No. 8. For details of the trading arrangements
for Stock Connect during Typhoons, Extreme Conditions and Black Rainstorms,
please refer to Chapter 14A.03 and Chapter 14B.03 of the Rules of the Exchange.
DERIVATIVES MARKET
These tables should be read in their entirety. Boxes/columns/rows should not be
read separately.
(a) Typhoon Signal No. 8 (or above) / Extreme Conditions / Black Rainstorm
Warning issued before commencement of the morning pre-market-opening period
If the signal/Extreme Conditions/warning are issued before the commencement of
the pre-market-opening period AND: Typhoon Signal No. 8 or above / Extreme
Conditions Black Rainstorm Signal/Extreme Conditions/warning remains after 6:30
am The HIBOR Futures, Currency Futures and Options, Gold Futures and Silver
Futures have a delayed open and trading will begin two hours# after the
discontinuation of the signal/Extreme Conditions/warning*. Signal/Extreme
Conditions/warning remains at or after 7:00 am LME Metal Mini Futures, Iron Ore
Futures and MSCI Index Futures have a delayed open and trading will begin two
hours# after the discontinuation of the signal/Extreme Conditions/warning*.
Signal/Extreme Conditions/warning remains at or after 7:15 am All stock index
futures^ and stock index options markets have a delayed open and trading will
begin two hours# after the discontinuation of the signal/Extreme
Conditions/warning*. Signal/Extreme Conditions/warning remains at or after 7:30
am Stock futures and stock options markets, and the HSI Volatility Index Futures
have a delayed open and trading will begin two hours# after the discontinuation
of the signal/Extreme Conditions/warning*. Signal/Extreme Conditions/warning
remains at or after 8:30 am No morning trading sessions for HIBOR futures.
Trading will begin two hours# after the discontinuation of the signal/Extreme
Conditions/warning* or at 1:30 pm, whichever is later*. Signal/Extreme
Conditions/warning discontinued at or before 9:00 am Except for HIBOR
futures, trading will begin two hours# after the discontinuation of the
signal/Extreme Conditions/warning*. Signal/Extreme Conditions/warning
discontinued after 9:00 am and at or before 12:00 noon Morning trading session
will be cancelled for all derivatives products with morning and afternoon
trading sessions. Afternoon trading sessions begin two hours# after the
discontinuation of the signal/Extreme Conditions/warning or at 1:00 pm,
whichever is later*. Trading of other derivatives products will begin two
hours# after the discontinuation of the signal/Extreme Conditions/warning*.
Signal/Extreme Conditions/warning remains after 12:00 noon / discontinued after
12:00 noon No trading for the day, including After-Hours Trading. If the
signal/Extreme Conditions/warning is discontinued after 5:00pm, no Special
Trading Session for HIBOR futures if one had been declared.
If the signal/Extreme Conditions/warning are issued before the commencement of
the pre-market-opening period AND: Typhoon Signal No. 8 or above / Extreme
Conditions Black Rainstorm
^ Except HSI Volatility Index Futures. # Trading will begin on the first half
hour at least two hours after the discontinuation of the signal/Extreme
Conditions/warning, or from the commencement of the after-hours trading session
if 2:00 p.m. is between the day trading session and the after-hours trading
session * For those futures contracts to which the pre-market-opening period
applies, a pre-market-opening period will begin 30 minutes before the indicated
time for commencement of trading.
(b) Typhoon Signal No. 8 (or above) / Extreme Conditions / Black Rainstorm
Warning issued during the morning pre-market-opening period/trading session
Typhoon Signal No. 8 or above/Extreme Conditions Black Rainstorm If the
signal/Extreme Conditions/warning are issued during the Pre-market Opening
Period/Pre-Trading Period Market open will be delayed, all order activity will
be terminated as practically as possible and no trade will be novated.■
For securities related derivatives products▲, if trading on the securities
market has not commenced, market open will be delayed, all order activity will
be terminated as practically as possible and no trade will be novated.■ If
trading on the securities market has commenced, trading will commence as usual.
For other derivatives products, market open will be delayed, all order activity
will be terminated as practically as possible and no trade will be novated.■
If the signal/Extreme Conditions/warning are issued during the morning trading
session Trading will be terminated in 15 minutes after the issuance of the
signal/Extreme Conditions. ■ Trading will continue as usual.
Typhoon Signal No. 8 or above/Extreme Conditions Black Rainstorm
▲ Include stock index futures/options and stock futures/options. ■ Please refer
to Table (a) for arrangements on the commencement of trading after the
cancellation of signal/Extreme Conditions/warning
(c) Typhoon Signal No. 8 (or above) / Extreme Conditions issued before or during
the Morning Session or Afternoon Session
I. For full day trading
Stock Index Futures and Options, Currencies Futures and Options, and
Commodities Futures HIBOR Futures Stock Futures and Options If the
signal/Extreme Conditions are issued before 3:45 pm Trading will be terminated
15 minutes after the issuance of the signal/Extreme Conditions. If the
signal/Extreme Conditions are issued at or after 3:45 pm but before 4:00 pm
Trading will be terminated at 4:15 pm. Trading will be terminated 15 minutes
after the issuance of the signal/Extreme Conditions. If the signal/Extreme
Conditions are issued at or after 4:00 pm Trading will be terminated 15 minutes
after the issuance of the signal/Extreme Conditions.
Stock Index Futures and Options, Currencies Futures and Options, and
Commodities Futures HIBOR Futures Stock Futures and Options
II. For half day trading
Stock Index Futures and Options, Currencies Futures and Options, and
Commodities Futures HIBOR Futures Stock Futures and Options If the
signal/Extreme Conditions are issued before 11:45 am Trading will be terminated
15 minutes after the issuance of the signal/Extreme Conditions. If the
signal/Extreme Conditions are issued at or after 11:45 am but before 12:00 noon
Trading will be terminated at 12:15 pm. Trading will be terminated 15 minutes
after the issuance of the signal/Extreme Conditions. If the signal/Extreme
Conditions are issued at or after 12:00 noon Trading will be terminated 15
minutes after the issuance of the signal/Extreme Conditions.
Stock Index Futures and Options, Currencies Futures and Options, and
Commodities Futures HIBOR Futures Stock Futures and Options
(d) Typhoon Signal No. 8 (or above) / Extreme Conditions / Black Rainstorm
Warning issued before or during the after-hours trading session
Typhoon Signal No. 8 or above/Extreme Conditions Black Rainstorm If the
signal/Extreme Conditions/warning are issued after the end of the day trading
session but before the commencement of the after-hours trading session There
will be no trading in the after-hours trading session
If there was trading in the day trading session for Stock Index Futures
Contracts and Stock Index Option Contracts closing at or after 4:30 p.m.,
trading of all Stock Index Futures Contracts and Stock Index Option Contracts in
the after-hours trading session will take place.
If there was no trading in the day trading session, for Stock Index Futures
Contracts and Stock Index Option Contracts closing at or after 4:30 p.m., there
will be no trading in the after-hours trading session for all Stock Index
Futures Contracts and Stock Index Option Contracts.
If the signal/Extreme Conditions/warning are issued during the after-hours
trading session Trading will be terminated 15 minutes after the hoisting of the
Signal or announcement of Extreme Conditions and there will be no trading for
the rest of the after-hours trading session, except that if the Signal is
hoisted or Extreme Conditions are announced at or after 3:45 p.m. but before
4:00 p.m., trading will be terminated at 4:15 p.m.. Trading will continue as
normal until the end of the after-hours trading session.
Typhoon Signal No. 8 or above/Extreme Conditions Black Rainstorm
For more details about the trading arrangements during and after Typhoons,
Extreme Conditions and Black Rainstorms, please refer to the rules and
procedures at the following links:
Rules and Procedures
Securities trading
Rule 571 of Rules of the Exchange
Stock Connect Northbound trading
Chapter 14A.03 and Chapter 14B.03 of the Rules of the Exchange
Stock options trading
Section 1.8 and Section 1.9 of Operational Trading Procedures for Options
Trading Exchange Participants of the Stock Exchange
Stock Index Futures and Options
Chapter 5 of Trading Procedures
Stock Futures
Chapter 5 of Trading Procedures
HIBOR Futures
Chapter 5 of Trading Procedures
Metal Futures
Chapter 4 of Trading Procedures
Currency Futures and Options
Chapter 5 of Trading Procedures
Rules and Procedures
FREQUENTLY ASKED QUESTIONS
Enter a question, keyword, or topic
* What is the trading arrangement for Hong Kong Securities Market/ China
Connect Service under severe weather conditions?
* What is the schedule of trade file and closing price file dissemination
through ECP after a Typhoon Signal No. 8 or above is hoisted or Extreme
Conditions are announced after market open?
* What will happen to the outstanding orders in China Connect Markets after a
Typhoon Signal No. 8 or above is hoisted, or Extreme Conditions are announced
after market open? Is there any order queueing session before China Connect
Service resume northbound trading after a Typhoon Signal is lowered to Signal
No. 3 or below, or Extreme Conditions are cancelled?
* Will there be any change to the submission period for the BCAN-CID mapping
files and Stamp Duty return forms (SD-1, SD-4 and SD-6) after Typhoon Signal
No. 8 or above is hoisted, Extreme Conditions are announced, or Black
Rainstorm Warning is issued?
* Would applicants be charged for the booked testing if a Typhoon Signal No. 8
or above is hoisted, Extreme Conditions are announced or Black Rainstorm
Warning is issued on the testing day? How is the availability of testing
environments if a Typhoon Signal No. 8 or above is hoisted, Extreme
Conditions are announced or Black Rainstorm Warning is issued?
View All FAQs
Updated 10 Jan 2020
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