Common use of Price Limit Clause in Contracts

Price Limit. For SSE Securities, there is a general price limit of ±10% (and ±5% for stocks under special treatment (i.e. ST and *ST stocks) under risk alert) based on previous closing price. All orders input for SSE Securities must be at or within the price limit. Any order with a price beyond the price limit will be rejected by SSE. The upper and lower price limit will remain the same intra-day. The same price limit arrangement applies to SZSE Securities. Stocks traded on SZSE’s ChiNext Market are also subject to a ±10% price limit based on the previous closing price.

Appears in 5 contracts

Samples: Securities and Futures Client Agreement, Securities and Futures Client Agreement, Securities and Futures Client Agreement

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