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HKEX Announces Securities For Second Phase Of Its Closing Auction

Date 17/07/2017

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the list of securities for Phase 2 of the Closing Auction Session (CAS) it will roll out in its securities market on Monday, 24 July 2017.

CAS Phase 2 (Phase 2) will expand the list of CAS Securities to include constituents of the Hang Seng Composite SmallCap Index and allow regulated short-selling orders to be placed during the CAS at a price not lower than the CAS Reference Price.  Further details of HKEX's Phase 2 plan are available in the briefing pack available on the HKEX website.

The list of CAS Securities for Phase 2, which will become effective on 24 July 2017, was posted in the Volatility Control Mechanism and Closing Auction Session (CAS) section of the HKEX website today.

A revised process will be implemented on the Phase 2 launch date to add or delete stocks from list of CAS Securities when they are added to or removed from the respective indices1.  As a result, while new index stocks have been added to the list of CAS Securities all along, a number of stocks removed from the relevant indices since Phase 1 launch will be removed from the list on 24 July 2017.  The securities to be added to the list of CAS Securities and the securities to be removed from the list are shown in a circular issued today.

1 Process for Changes to List of CAS Securities
 
 

 


Type of CAS Securities

Phase 1
     
     
   Addition                          Deletion 

Phase 2
(
Effective 24 July 2017)

Addition                       Deletion

1. Index constituent stocks*
 

Upon effective date of the index change
 

No deletions

Same as
Phase 1

 

Upon effective date of the index change
 

2. A/H stocks

Upon an A/H listing or a listing that changes an A or H listing into an A/H listing
 

Upon delisting of the H share 

Upon delisting of the H share or the corresponding A share
 

3. ETFs

Upon listing
 

Upon delisting

Same as
Phase 1
 

 

* Process in Phase 2 applies to Hang Seng Composite LargeCap and MidCap Index constituent stocks from Phase 1 as well as Hang Seng Composite SmallCap Index constituent stocks added in Phase 2.