Northbound definition
Northbound denotes the trading of China Connect Securities by Hong Kong and international investors through China Connect.
Northbound means, and is associated with, the trading of China Connect Securities by Hong Kong and international investors through the China Connect Service.
Northbound denotes the trading of any securities listed and traded on the SSE/SZSE through SHHK Connect/SZHK Connect;
Examples of Northbound in a sentence
Settlement of a Northbound buy order may be delayed and/or fail if there is a delay in converting the relevant currency into RMB.
Northbound trading through the China Connect will be subject to Mainland China laws and regulations prohibiting activities that constitute market manipulation, insider dealing and related offences.
Nevertheless, certain Hong Kong legal and regulatory requirements will also continue to apply to Northbound trading.
Where the Bank holds any funds on the Customer’s behalf, if there are insufficient Renminbi funds to settle any Northbound buy order or other payment obligation in connection with China Connect, the Customer authorises the Bank to convert any funds in another currency which the Bank holds on its behalf into Renminbi at the prevailing exchange rate of the Bank for the purposes of settlement thereof.
For the avoidance of doubt, all the provisions of this Agreement are related to SH Northbound trading.
More Definitions of Northbound
Northbound means the trading of China Connect Securities by Hong Kong and overseas investors through China Connect.
Northbound means trading of SSE Securities or SZSE Securities by Hong Kong and overseas investors through China Connect; 「北向交易」或「北向」指香港及海外投資者透過中華通買賣滬股通證券或深股通證券的交易；
Northbound means the trading of any Securities listed and traded on the SSE/SZSE through SHHK Connect/SZHK Connect; 「北向交易」指通過滬港通／深港通買賣於上交所／深交所上市並交易的任何證券；
Northbound means the trading of China Connect Securities through the China Connect;
Northbound denotes the trading of China Connect Securities by Hong Kong and international investors through China Connect. "PBoC" means the People’s Bank of China. "Pre-trade Checking" means the requirements and procedures under the China Connect 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. "Shanghai Hong Kong Stock Connect" means a securities trading and clearing links programme developed or to be developed by SEHK, SSE, 51 HKSCC and ChinaClear for the establishment of mutual market access between SEHK and SSE. "Shenzhen Hong Kong Stock Connect" means a securities trading and clearing links programme developed or to be developed by SEHK, SZSE, HKSCC and ChinaClear for the establishment of mutual market access between SEHK and 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. "Trading Day" means a day on which SEHK is open for Northbound trading for (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), 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.
Northbound denotes the trading of China Connect Securities by Hong Kong and international investors through China Connect. "PBOC" means the People's Bank of China.
Northbound denotes the trading of any securities listed and traded on the SSE/SZSE through SHHK Connect/SZHK Connect “Securities” (a) securities as defined in SFO; and/or (b) any shares, stocks, debentures, loan stocks, money, bonds, notes, unit trusts, certificates of deposit or other commercial paper or securities or other similar instruments of any kind whatever or howsoever, of or issued by anybody, whether incorporated or unincorporated, or any government authority for the time being traded in a Market and acceptable to PC Securities and may include, in the absolute discretion of PC Securities, (i) rights, options or interests (whether described as units or otherwise) in or in respect of any of the foregoing; (ii) certificates of interest or participation in, or temporary or interim certificates for, receipts for or warrants to subscribe to or purchase, any of the foregoing; or (iii) any instruments commonly known as securities; “Renminbi or RMB” the lawful currency of the People’s Republic of China, deliverable in Hong Kong;