Shanghai-Hong Kong Stock Connect (SEHKNTL) and Shenzhen-Hong Kong Stock Connect (SEHKSZSE) Northbound stocks are denominated in CNH. Clients must convert currency into CNH before placing a buy order unless they wish to borrow CNH in a margin type account.
In TWS you can convert HKD into CNH by placing a buy order using the ticker symbol "CNH.HKD". For more information on how to convert currency, please see How can I convert currency?
Please Note
- Stock settlement is within the same day (T) while cash settlement for SSE trades takes place one day later (T+1). Please be aware that the Forex settlement cycle is (T+2). Therefore, due to the unsynchronized settlement cycle, clients who exchange CNH themselves should execute the Forex trade one day prior to the stock trade (T-1) to avoid the extra day's interest payment.
Additional Information