Stock Market Overview

The Chinese stock market operates with a dual share system whereby, A class shares are only available to domestic investors whilst, international investors can purchase B-Shares offered on either the Shanghai or Shenzhen stock exchanges. They are eligible for foreign investment provided the investment account is in foreign currencies (Shanghai B-shares trade in U.S. dollars, while Shenzhen B-shares trade in Hong Kong dollars). They are less-known to the public as they are only available to foreign investors and they are typically held by mutual funds or exchange-traded funds.

Some most well-known listed stocks are Inner Mongolia Eerduosi Resources (900936), Lao Feng Xiang (900905), Shanghai Huayi Group (900909), CSG Holding (200012) and China Fangda Group (200055).

Brokerage Fees

Online Trading Offline Trading
Asia Pacific % Minimum % Minimum
China A (SH-HK), (SZ-HK) 0.25% RMB ¥125.00 0.65% RMB ¥200.00
China B (SSZE – ShenZhen B) Offline Only 0.65% HKD $250.00
China B (SSE – Shanghai B) Offline Only 0.65% USD $35.00

Note: Commission is inclusive of GST and exchange fees are exclusive of GST, and may be subject to change without prior notice. Share Trading Fees outlined are for execution only, fees for advisory services may differ and should be discussed with your Private Client Adviser. Custodian charges may apply.

All accounts are prepaid in order to enjoy low online brokerage fees.

Compare brokerage fees across all markets here.

Exchange Fees

China A Shares

Handling Fee 0.00341%
Security Management Fee 0.002%
Transfer Fee (ChinaClear) 0.001% on gross value or consideration
Transfer Fee (CCASS) 0.002% on gross value or consideration
Stamp Duty 0.05% (Sell only)
Portfolio Fee Daily stock portfolio value x 0.008% / 365 (Accrued daily and collected on a monthly basis in SGD equivalent, charged by Hong Kong Securities Clearing Company Limited)

China B Shares

Stamp Duty 0.05% (Sell only)
Levy 0.00341% 0.00687%
Settlement Fee 0.002% 0.002%
Administrative Fee 0.02% –

Trading Hours

Australia Time AEST 11:30am – 01:30pm
03:00pm – 05:00pm
China Time 09:30am – 11.30am
01:00pm – 03:00pm

Settlement

Settlement Cycle T+3 Market Days
Settlement Currency AUD
Order Amalgamation Yes