Notice of Service and Trading Arrangementon

Severe Weather Trading (SWT) Day

As the Hong Kong Exchanges and Clearing Limited will implement Severe Weather Trading (SWT) Arrangements effective 23 September 2024, Hooray Securities Limited will have the following arrangement and limited services in place:

1)    Securities Trading: Orders placed through our mobile app or websites will be accepted on SWT day. However, users relying on traditional telephone calls will not be served.

2)    Funds and Stock Services: On SWT day, the acceptance of physical cheque and stock deposits /withdrawals will be temporarily suspended until SWT day concludes. Electronic fund and stock deposits/withdrawals will be processed as usual. i.e. On SWT day, online deposits will be accepted but physical cheque deposits at the office will be temporarily suspended. If a client requests a withdrawal of funds by cheque, we will process it on the next business day.

Trading Restrictions

3)    If a Severe Weather (SW) condition is in effect at 8:30am on a trading day, the following trade types can only be conducted for the whole trading day until the next trading day without SW condition:

a)   Clients can only sell the same underlying stock covered by corresponding stock inventory(is) in CCASS and/or corresponding Continuous Net Settlement (CNS) long position(s) established before the SW condition is in force;

b)   Clients can only purchase the same underlying stock which is used to close out the covered short selling trade(s) and/or short selling position(s) established before the SW condition is in force; or

c)    Other trades allowed by the Exchange or Clearing House on a case-by-case basis from time to time.

4)    If a SW condition hoisted after 8:30am on a trading day, the following trade types can only be conducted from the time a SW condition is in force until the next trading day without SW condition:

a)    Clients can only sell the same underlying stock covered by corresponding stock inventory(ices) in CCASS and/or corresponding CNS long position(s) established before the SW condition is in force; or

b)    Clients can only purchase the same underlying stock which is used to close out the covered short selling trade(s) and/or short selling position(s) established before the SW condition is in force; or

c)    Other trades allowed by the Exchange or Clearing House on a case-by-case basis from time to time.

Clients are suggested to adopt internet trading as soon as possible.

Should you have any questions, please feel free to contact our customer service hotline at (852) 2159 4532.