The relaxation time is 4 hours, which is divided into two periods: Monday to Friday from 9:30 am to 1 1:30, and in the afternoon from 13:00 to 15:00. From 9: 00 am15 am, investors can place orders, and the entrusted price is limited to10% of the closing price of the previous trading day, that is, between the daily limit and the daily limit.
Orders entrusted before 9:25 am are matched at 9:25 am, and the price obtained is the so-called "opening price". Orders placed between 9:25 and 9:30 were not processed until 9:30.
If the entrusted price cannot be concluded on the current trading day, the order must be re-registered every other trading day. Rest day: Trading is not allowed on Saturdays, Sundays and rest days announced by Shanghai Stock Exchange. (Generally, it is the national legal holidays such as May 1 International Labor Day, National Day, Spring Festival, New Year's Day, Tomb-Sweeping Day, Dragon Boat Festival and Mid-Autumn Festival).
Extended data:
Characteristics of securities entrustment:
1, generally don't need too much liquidity. In China, when an agent buys and sells stocks for clients, he generally does not need to advance funds for clients, but only needs a small amount of liquidity.
2. The business income of buying and selling stocks mainly comes from the handling fees charged to buyers and sellers, that is, commissions. The standard of commission can be charged according to a certain proportion of turnover.
3. The risk of stock trading is borne by customers, and there is no risk in trading agent business. When an agent accepts a client's entrustment to buy and sell stocks, he has the responsibility to keep the client's roster and entrusted matters confidential and shall not disclose them without the client's consent. Securities companies shall handle transactions according to the specific requirements entrusted by customers, and shall not exceed the scope and authority entrusted by customers.
Baidu Encyclopedia-Entrusted Stock Trading
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