According to the regulations, the stock exchange can adjust the minimum amount of block trades according to market conditions. In addition, the regulations of Shanghai and Shenzhen stock exchanges are different. The following is the customs situation of Shanghai Stock Exchange, and the situation of Shenzhen Stock Exchange can refer to the customs regulations.
1. The number of single A-share transactions is more than 500,000 shares (inclusive), or the transaction amount is more than 3 million yuan (inclusive); The number of B shares (Shanghai) declared for a single transaction is more than 500,000 shares (inclusive), or the transaction amount is more than 300,000 US dollars (inclusive); The number of B shares (Shenzhen) in a single transaction is not less than 50,000 shares, or the transaction amount is not less than HK$ 300,000.
2. The declared amount of a single transaction of a fund block transaction is more than 3 million yuan (inclusive), or the transaction amount is more than 3 million yuan (inclusive);
3. The declared number of a single transaction in the bulk transaction of treasury bonds and bond repurchases is above 6,543,800 lots (inclusive), or the transaction amount is above 6,543,800 yuan (inclusive).
4. The declared number of single transactions of other bonds is above 65,438+0,000 lots (inclusive), or the transaction amount is above 65,438+0,000,000 yuan (inclusive). (On the original basis, the minimum single transaction amount of corporate bonds, corporate bond cash coupons and repurchase block transactions is reduced to: the number of transactions is above 65,438+0,000 lots (inclusive), or the transaction amount is above 65,438+0,000,000 yuan (inclusive). See the Notice on Developing Bilateral Quotation Business of Bulk Bonds and Adjusting Related Matters of Bulk Transactions.
5. For other bonds, the declared number of single transaction is not less than 65,438+0,000 lots, or the transaction amount is not less than 65,438+0,000,000 yuan.
The time for Shanghai Stock Exchange to accept block trades is 9: 30- 1 1: 30, 13: 00- 15: 30 every trading day. However, if the stock is suspended before the trading day 15: 00, its block trading declaration will not be accepted. At 15:00- 15:30 on each trading day, the exchange will confirm the closing declarations of the buyers and sellers of block trades. The transaction price of a block transaction is determined by the buyer and the seller between the highest transaction price and the lowest transaction price on that day. If there is no transaction on that day, the closing price of the previous day shall be the transaction price. Only after the buyer and the seller reach an agreement and are confirmed by the stock exchange can the transaction be reached.
If you have any questions, please feel free to consult the enterprise knowledge platform of Guotai Junan Securities Shanghai Branch.