Application and Definitions. 1.1 Unless otherwise defined, terms and references defined or construed in Section I of these Terms and Conditions shall have the same meaning and construction when used in this Section VII. In addition, in this Section VII, the following words and expression shall have the following meaning unless the context otherwise requires. "A-Shares" means, except where the context otherwise requires, the A shares listed and traded on the Mainland A Share markets (SSE and SZSE ) and do not include those listed and traded on SEHK; "CCASS" means the Central Clearing and Settlement System operated by HKSCC for the clearing of securities listed or traded on SEHK; "ChinaClear" means China Securities Depository and Clearing Corporation Limited; "HKEx" means Hong Kong Exchanges and Clearing Limited; “IPI” means a person falling under paragraphs (a) to (i) of the definition of “professional investors” in section 1 of Part 1 of Schedule 1 to the Securities and Futures Ordinance (Cap. 571). "Northbound Trading" means the trading of SSE Securities or SZSE Securities by Hong Kong and overseas investors through the SHHK Stock Connect and/or SZHK Stock Connect; “Relevant Stock Connect” means Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect; 45 "SHHK Stock Connect" means Shanghai-Hong Kong Stock Connect, a securities trading and clearing links programme developed by HKEx, SSE and ChinaClear for the establishment of mutual market access between Hong Kong and Shanghai; "SZHK Stock Connect" means Shenzhen-Hong Kong Stock Connect, a securities trading and clearing links programme developed by HKEx, SZSE and ChinaClear for the establishment of mutual market access between Hong Kong and Shenzhen; "SSE" means Shanghai Stock Exchange; "SZSE" means Shenzhen Stock Exchange; "SSE Rules" means the rules and regulations of SSE including any rules and regulations in relation to SHHK Stock Connect; "SZSE Rules" means the rules and regulations of SZSE including any rules and regulations in relation to SZHK Stock Connect; "SSE Securities" means securities listed and traded on SSE which may be traded by Hong Kong and overseas investors under SHHK Stock Connect. "SZSE Securities" means securities listed and traded on SZSE which may be traded by Hong Kong and overseas investors under SZHK Stock Connect.
Appears in 1 contract
Sources: Client Trading Agreement
Application and Definitions. 1.1 Unless otherwise defined, terms and references defined or construed in Section I of these Terms and Conditions shall have the same meaning and construction when used in this Section VII. In addition, in this Section VIIVII and paragraph (27) of Section III (Risk Disclosure Statement), the following words and expression shall have the following meaning unless the context otherwise requires. "A-Shares" means, except where the context otherwise requires, the A shares listed and traded on the Mainland A Share markets (SSE and SZSE ) and do not include those listed and traded on SEHK; "CCASS" means the Central Clearing and Settlement System established and operated by HKSCC for the clearing of securities listed or traded on SEHKHKSCC; "ChinaClear" means China Securities Depository and Clearing Corporation Limited; "China Connect" means Shanghai Hong Kong Stock Connect and/or Shenzhen Hong Kong Stock Connect (as the case may be). "China Connect Authorities" means (a) the regulators which regulate China Connect and activities relating to China Connect, including without limitation, the CSRC, PBoC, SAFE, SFC and any other regulator, agency or authority with jurisdiction, authority or responsibility in respect of China Connect; and (b) the exchanges, clearing houses and other entities which provide services relating to China Connect, including without limitation, the SEHK, HKSCC, SEHK Subsidiary, the China Connect Market Operator and ChinaClear. Any one of them is called “China Connect Authority”. "China Connect Clearing House" means a clearing house in Mainland China acceptable to HKSCC and included in the list of China Connect Clearing House from time to time. "China Connect Laws and Regulations" means the laws and regulations, rules, policies or guidelines published and applicable in Hong Kong or Mainland China from time to time in respect of China Connect or any activities from China Connect. 50 "China Connect Market" means Shanghai stock market, Shenzhen stock market and any other stock market in the Mainland China acceptable to SEHK and included in the list of China Connect Markets, which are eligible a China Connect trading (as the case may be)Shanghai Stock Exchange and/or the Shenzhen Stock Exchange. "China Connect Market Operator" means SSE or SZSE or any other stock exchange in the Mainland China, which are eligible to operate the trading of China Connect Securities. "China Connect Market System" means the system used for the trading of China Connect Securities on a China Connect Market, as operated by the relevant China Connect Market Operator. "China Connect Securities" means any securities listed on China Connect Market which are from time to time accepted as eligible stocks or trading by Hong Kong and overseas investors under China Connect trading system. Unless the context requires otherwise, “China Connect Securities” includes “Special China Connect Securities” "China Connect Service" means the order-routing service through which Northbound orders placed by an Exchange Participant may be transmitted by an SEHK Subsidiary to the corresponding China Connect Market for the buying and selling of China Connect Securities and any related supporting services. "ChiNext" means ChiNext market which is one of the stock market operated by Shenzhen Stock Exchange (other than the Main Board). "ChiNext Shares" means A shares accepted for listing and admitted to trading on the ChiNext market. "Circuit Breaker" means any measures that may be imposed or activated by a China Connect Market Operator on the relevant China Connect Market in accordance with the Circuit Breaker Provisions. "Circuit Breaker Provisions" means the relevant provisions in the China Connect Laws and Regulations under which Circuit Breaker may be imposed for the purpose of, among others, minimising or averting substantial upward or downward price movements of securities traded on the relevant China Connect Market including all related provisions on the application and lifting of the Circuit Breaker. "CSRC" means the China Securities Regulatory Commission of Mainland China. "Exchange Participant" has the same meaning given by the rules of the SEHK. "HKEx" means Hong Kong Exchanges and Clearing Limited; “IPI” . "Institutional Professional Investor" means a person falling under paragraphs "professional investor" within the meaning of paragraph (a), (b), (c), (d), (e), (f), (g), (h) to or (i) of the definition of “"professional investors” investor" in section 1 of Part 1 of Schedule 1 to the Ordinance. "Non-trade Transfer" means a transfer of China Connect Securities which involves a change in the beneficial ownership of the China Connect Securities and Futures Ordinance (Cap. 571)which is not conducted through the China Connect Service and executed on the China Connect Market. "Northbound TradingNorthbound" means denotes the trading of SSE Securities or SZSE China Connect Securities by Hong Kong and overseas international investors through China Connect. "PBoC" means the SHHK Stock People’s Bank of China. "Pre-trade Checking" means the requirements and procedures under the China Connect and/or SZHK Stock Laws and Regulations pursuant to which a China Connect Authority may reject a sell order if an investor does not have sufficient and available China Connect Securities in its account. "Related Person" means any of the affiliate of MSL, or any director, senior officer, employee or agent of MSL or MSL’s affiliate. "SAFE" means the State Administration of Foreign Exchange. "SEHK Subsidiary" means a wholly-owned subsidiary of SEHK duly authorised as an automated trading service provider under the Ordinance and licensed under applicable laws in Mainland China to provide the order routing service under China Connect; “Relevant Stock Connect” means Shanghai-Hong Kong Stock Connect or Shenzhen-. "Shanghai Hong Kong Stock Connect; 45 "SHHK Stock Connect" means Shanghai-Hong Kong Stock Connect, a securities trading and clearing links programme developed or to be developed by HKExSEHK, SSE SSE, 51 HKSCC and ChinaClear for the establishment of mutual market access between SEHK and SSE. "Shenzhen Hong Kong and Shanghai; "SZHK Stock Connect" means Shenzhen-Hong Kong Stock Connect, a securities trading and clearing links programme developed or to be developed by HKExSEHK, SZSE SZSE, HKSCC and ChinaClear for the establishment of mutual market access between Hong Kong SEHK and Shenzhen; SZSE. "Special China Connect Securities" means any securities listed on the relevant China Connect Market which SEHK (after consulting with relevant China Connect Market Operator) from time to time accepts or designates as eligible only for China Connect sell orders but not China Connect buy orders. "SSE" means Shanghai Stock Exchange; . "SZSE" means Shenzhen Stock Exchange; . "SSE RulesTrading Day" means the rules and regulations of SSE including any rules and regulations in relation to SHHK Stock Connect; "SZSE Rules" means the rules and regulations of SZSE including any rules and regulations in relation to SZHK Stock Connect; "SSE Securities" means securities listed and traded a day on SSE which may be traded by SEHK is open for Northbound trading for (a) Hong Kong and overseas investors under SHHK Shanghai (in the case of Shanghai Hong Kong Stock Connect. "SZSE Securities" means securities listed and traded on SZSE which may be traded by ) or (b) Hong Kong and overseas investors under SZHK Shenzhen (in the case of Shenzhen Hong Kong Stock Connect), where “T day” denotes the Trading Day on which a transaction is executed and “T+1 day” denotes (as the case may be) the day which is one Trading Day, or in the context of the settlement of funds, one business day (on which banks (a) Hong Kong and Shanghai (in the case of Shanghai Hong Kong Stock Connect) or (b) Hong Kong and Shenzhen (in the case of Shenzhen Hong Kong Stock Connect) are generally open for business) after T day.
Appears in 1 contract
Sources: Client Trading Agreement