Price limit and Dynamic Price Limit

Price Limit

A-shares

±10% based on the previous closing price except for shares on the first day of the delisting process or being relisted where there is no price limit and in which case, the dynamic price limit* will apply and intraday suspension may be imposed by SSE.

The buy order price cannot be entered as a percentage below its current best bid price (and if no current best bid price is available, latest trade price is applied, and if it is also not available, previous closing price is apply) by 3%.

A-share ETFs

±10% (and ±20% for SSE-listed ETFs specified by SSE (in Chinese only)) based on the previous closing price.

*Dynamic Price Limit (A-share ETFs not applicable)

Dynamic Price Limit (applicable to Continuous Auction session only)

±2% based on the benchmark price:

China Connect buy order – price shall not be higher than 102% of the benchmark price

China Connect sell order – price shall not be lower than 98% of the benchmark price

For China Connect buy orders, the benchmark price shall be (i) the current ask price of the relevant China Connect Security; (ii) where no current ask price is available, the current bid price of the China Connect Security; (iii) where no current bid price is available, the last traded price of the China Connect Security; and (iv) where no last traded price is available, the previous closing price of the China Connect Security.

For China Connect sell orders, the benchmark price shall be (i) the current bid price of the relevant China Connect Security; (ii) where no current bid price is available, the current ask price of the China Connect Security; (iii) where no current ask price is available, the last traded price of the China Connect Security; and (iv) where no last traded price is available, the previous closing price of the China Connect Security.

(The above does not apply to securities under intraday suspension)