Trading

Trading is responsible for serving and admission of exchange participants and structured product issuers, managing the business and operations for the trading of cash market and derivatives market, and developing the rules and policies for secondary market and derivatives market trading. It operates and monitors the respective trading system, and ensures that the trading environment is transparent, fair, orderly and efficient according to the relevant rules and regulations established by the relevant exchange.

Trading is also responsible for managing the business and operations of the Shanghai and Shenzhen Stock Connect. 

Market Surveillance & Monitoring

Market Surveillance & Monitoring is responsible for monitoring the trading activities of Exchange Participants in cash and derivatives markets, as well as China Connect trading activities, and their compliance with rules and regulations, position limits and large open position reporting requirements in derivatives contracts and performing due diligence check on admission of market makers. It also cooperates with Hong Kong and Mainland regulators on their investigation of cross-boundary market misconduct under China Connect

Clearing & Depository

Clearing & Depository is responsible for maintaining orderly, fair and expeditious clearing and settlement arrangements for the securities, on-exchange derivatives and OTC derivatives markets, providing central securities depository, custody and nominee services, admission of stocks and structured products, implementing strategic initiatives across the Operations Division, and providing hotline and training services to investors and Clearing Participants.

Clearing Risk Management

Clearing Risk Management is responsible for monitoring and ensuring risks faced by the clearing houses as central counterparties are managed prudently, and upholding the integrity and safety of Hong Kong’s securities, on-exchange derivatives and OTC derivatives markets by developing, implementing and maintaining a comprehensive risk management framework.